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$1.1 Billion From Nike Co-Founder Will Build Oregon’s First Women’s Hospital – WTOP News
The gift will create Oregon’s first hospital dedicated to women’s health and expand cardiology care across Providence’s eight hospitals.
On Tuesday, Nike co-founder Phil Knight and his wife, Penny Knight, committed $1.1 billion to Providence St. Vincent Medical Center and the Providence Heart Institute to build Oregon's first hospital dedicated to women's health.
Hospital leaders say the donation addresses outdated 1990s-era maternity facilities, as women comprise 60% of Providence's patients and increasingly require care for complex conditions like hypertension and diabetes during pregnancy.
Over the past decade, the Knights contributed $200 million to the Providence Heart Institute, and this new pledge funds cardiovascular research, clinical trials, and recruitment of visionary physician leaders to maintain cutting-edge care.
Providence CEO Erik Wexler called the gift a "transformational milestone," while heart institute executive medical director Dr. Dan Oseran noted the funding allows the hospital to anticipate future technological needs and recruit top talent.
This commitment pushes the couple's total charitable giving to more than $9 billion over two decades, following their $2 billion donation to the Knight Cancer Institute last year.