Cooperman Family Pledges $25 Million to Saint Barnabas Medical Center

Cooperman Family Pledges $25 Million to Saint Barnabas Medical Center

in Livingston, New Jersey, has announced a $25 million gift from the .

The largest single gift in the hospital's nearly hundred-and-fifty-year history will support construction of a 200,000-square-foot, five-floor pavilion featuring an expanded surgery center; a neonatal intensive care unit; cardiac, vascular, pulmonary, and electroencephalography diagnostic services; and new parking areas designed to provide better access for patients and visitors.

Leon Cooperman, who founded the asset management business at Goldman Sachs before launching Omega Advisors, a private investment firm, is chairman emeritus of the . He and his wife, Toby, who recently retired from a career as a special-education specialist and serves on the boards of numerous nonprofit organizations, are signatories to the .

"Mr. Cooperman has been incredibly generous to the medical center with his time, expertise, and financial resources," said St. Barnabas president and CEO John F. Bonamo. "We are grateful for his vision, inspiration, and guidance throughout the years."

"We are thrilled to be in a position to make this gift," said Leon Cooperman, who called it the couple’s "moral imperative" to give others the opportunity to pursue the American Dream. "Saint Barnabas Medical Center is very important to our family. More than ever, hospitals need the support of private citizens to assure their continued provision of quality medical care to the communities they serve, and I encourage others to follow my lead."