The University of Texas Medical Branch in Galveston has received a $75 million gift from the Sealy & Smith Foundation to renovate the John Sealy Hospital, also in Galveston, according to the Houston Business Journal.
The total renovation plan will cost approximately $133 million, so UTMB will fund the remaining $58 million through debt and local sources, according to the report.
Plans for the 12-story hospital include reconfiguring floors three through seven to provide women's and children's services.
Construction is slated to begin later this year and the hospital will remain open during the renovations, according to the report.