Policy: Health Care

Memorial Sloan-Kettering gets $100M gift

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News,Business,Health Care,Nonprofits

NEW YORK (AP) — Memorial Sloan-Kettering Cancer Center has received a $100 million donation to support cancer treatment and research.

The Wall Street Journal (http://on.wsj.com/RR0Vmm ) says the gift comes from billionaire private-equity investor Henry Kravis and his wife, Marie-Josee Kravis.

The New York hospital is scheduled to make the announcement Tuesday in connection with the official launch of a new Center for Molecular Oncology.

The center will bear the couple's names.

It will analyze the DNA of patients and their tumors to match patients with drugs designed to target genetic mutations. The hospital plans to analyze the tumors of 10,000 patients in the first year of operation.

Six gene-sequencing machines are to be installed at the center this week.

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