University of Minnesota Receives $50 Million Gift for New Children's Hospital

The funding over 12 years will help finance infrastructure and programs at the hospital, including a hybrid catheterization lab that will improve the speed and efficiency of surgeries to repair defective hearts.

The new children's hospital was announced two years ago, after failed attempts by the Fairview, Allina and Children's hospital systems to build a new pediatric facility together. Children's is now renovating both of its pediatric hospitals in Minneapolis and St. Paul.