St. Jude to Invest $9B in Hospital, Fundraising Arm in Major Expansion

St. Jude Children’s Research Hospital and its affiliated fundraising arm ALSAC are on the precipice of a major expansion in Memphis that represents almost $9 billion in investment between the two entities.

That’s according to St. Jude CEO Dr. James Downing, who told The Daily News Friday the expansion would include staff additions of about 1,000 at both St. Jude and ALSAC, for a total addition of about 2,000 to the organizations’ workforce.

The anticipated $9 billion investment would pump about $7 billion into the hospital with the rest going to ALSAC to pay for the increase in staff and facilities to house them, Downing said.