Lake Hospital Foundation Receives $1 Million Gift From the Richard M. Osborne Family

The donation will support construction of TriPoint Medical Center.

The Lake Hospital Foundation today announced that it has received a $1 million cash donation from the prominent Lake County Richard M. Osborne family. The donation, which is the single largest gift ever received by the Foundation, will support construction of TriPoint Medical Center, a new state-of-the-art digital hospital in Concord Township set to open in 2009.

"My family and I are delighted to support TriPoint Medical Center and Lake Hospital System. We believe the new hospital will be a vital asset to Northeast Ohio and serve generations of families in Lake County and beyond," said Richard M. Osborne.

The lobby of TriPoint Medical Center will be named in honor of Mr. Osborne's mother, Georgeanne S. Osborne, his late son, Tommy Osborne, and possibly other members of the family.

"The building of TriPoint Medical Center provides a great opportunity for a lasting legacy," Osborne said.

Sunny Masters, executive director of the Lake Hospital Foundation, expressed the Foundation's gratitude for this important gift.

"The Osborne name is synonymous with this community's spirit of leadership and goodwill, said Masters. "We're extremely grateful for the family's generous gift, which will have a significant impact on our capital campaign for TriPoint Medical Center."

In addition to the $1 million gift, the Osborne family is also making two other monetary gifts that will support operations once the new hospital opens.

"The Lake Hospital System Board of Trustees and I are very appreciative of the Osborne family's generosity. It's through the support of donors like the Osbornes that Lake Hospital System can continue to deliver the highest quality care to the communities we serve," said Cynthia Moore-Hardy, president and CEO of Lake Hospital System.

Construction is progressing on schedule for the four-story, 300,000-square-foot hospital that will introduce a new approach to community health care that revolves entirely around the patient. The $150 milion medical facility will feature the latest medical technology and private patient rooms overlooking a natural setting, all designed to help heal lives faster.

The Lake Hospital Foundation is continuing to raise funds through its "Building for the Future" capital campaign. To date, more than $6.1 million has been pledged toward a $10 million goal.

"The hard work of campaign volunteers and the generosity of contributors have made early success possible. The community has clearly been very receptive to conversations about gift support. As we continue to talk with area individuals and business owners, we look forward to reaching, and surpassing, our goal," said Carol Nelson-Rollins and Don Brinberg, MD, co-chairs of the Building for the Future Campaign.