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/ February 26, 2013
Billionaire Donates $17 Million To NYU Langone Medical Center

NYU’s Langone Medical Center received a generous gift on Monday when it was announced that billionaire hedge fund founder Steven A. Cohen and his wife had donated $17 million to the hospital.

The gift is intended to help establish a research center dedicated to the study of brain injury and PTSD among veterans. In a recent statement, Cohen, the founder of SAC Capital Advisors, expressed his hopes that the project “will have far-ranging effects” in improving the medical care of America’s veterans.

For some veterans, the road to recovery can be nearly as long and treacherous as their experiences in war. Scores of America’s returning servicewomen and men suffer from the lasting effects of conditions such as Post-Traumatic Stress Disorder (PTSD) and brain injuries, both of which can leave indelible scars on a person’s life and brutally stifle his or her recovery. The cures to these ailments don’t come easy, and have eluded generation after generation of even the nation’s most talented healthcare professionals. But there are steps being taken in the direction of alleviating, or even eliminating these diseases, and Cohen’s donation is among them.

SAC has recently been subject to national scrutiny under suspicion of an insider trading case, but with this donation, Cohen and his wife are at least making a strong push in the direction of better healthcare for one of America’s most frequently neglected demographics.

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