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Raymond and Ruth Perelman’s $25 Million Gift to Center for Advanced Medicine

Raymond and Ruth Perelman

Raymond G. Perelman, W ’40, and his wife, Ruth, have pledged $25 million to name Penn Medicine’s Center for Advanced Medicine as The Raymond and Ruth Perelman Center for Advanced Medicine. This state-of-the-art facility—part of UPHS—will set a new standard for outpatient care in the specialty areas of cancer, cardiovascular medicine, and surgery.

This beneficent gift, which continues a tradition of giving to Penn Medicine by the Perelmans, will help finance the construction and completion of The Raymond and Ruth Perelman Center for Advanced Medicine, which is expected to open its doors in 2008 with 300,000 square feet of clinical space. The Center will be at 34th Street and Civic Center Boulevard (Almanac October 25, 2005).

“I am thrilled that Ruth and Raymond Perelman have hit a grand slam home run for Penn,” said President Amy Gutmann. Thanks to their marvelous gift, Penn will be able to provide Philadelphia and the Northeast corridor with state-of-the-art cancer, cardiovascular, and ambulatory surgical care. The Perelmans’ abundant generosity will translate into new hope for cancer and heart patients and their families, some 1,700 new jobs for Philadelphians, and tens of millions of dollars for the regional economy.”    

“We are extraordinarily grateful to the Perelmans for their most magnificent gift-which will transform the way medicine is practiced at Penn ... and worldwide,” said Arthur H. Rubenstein, EVP of the University of Pennsylvania for the Health System and Dean of the School of Medicine. “This extraordinarily altruistic gift will create an environment that enhances the doctor/patient relationship and sets the stage for the development of the most advanced therapies that can be achieved through collaborative research initiatives.”

“The Raymond and Ruth Perelman Center for Advanced Medicine will be a spectacular statement of where Penn Medicine is going in the 21st century,” said Ralph W. Muller, CEO for UPHS.  “It will provide a place where our superb health-care professionals will practice the most advanced medicine available in a setting that is as patient-focused as it can possibly be.”

Since 1992, Raymond Perelman has been president and chairman of the board of RGP Holdings, Inc., a privately held holding company comprised of a vast array of manufacturing, mining, and financial interests. Mr. Perelman serves as a Penn Medicine Trustee. Mr. and Mrs. Perelman are Trustees of the Raymond and Ruth Perelman Education Foundation, Inc.—which supports Jewish cultural and welfare organizations, as well as arts and history museums, and other cultural institutions.

“Ruth and I are pleased to advance the mission and vision of Penn Medicine with this commitment,” said Mr. Perelman. “We believe that world-class patient-care requires a world-class setting, so we have dedicated these resources to provide a first-rate facility that will set the stage for the creation of a new paradigm of health care.”

The Perelmans are parents of Jeffrey E. Perelman, W ’71, WG ’73, and Ronald O. Perelman, W ’64, WG ’66—who also have careers in business and philanthropy, and close ties to the city and the University. 


  Almanac, Vol. 52, No. 14, December 6, 2005


December 6, 2005
Volume 52 Number 14


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