$15 Million Donation From The Karabots Foundation Enables The Children's Hospital...

$15 Million Donation From The Karabots Foundation Enables The Children's
Hospital of Philadelphia to Open a New Pediatric Care Facility in Norristown,
Pennsylvania

NORRISTOWN, Pa., July 23 /PRNewswire-USNewswire/ -- The Children's Hospital of
Philadelphia is delighted to announce a generous $15 million gift that will
enable the opening of a new pediatric care center in Norristown, Pennsylvania.
This gift, made possible by Athena and Nicholas Karabots of Fort Washington,
Pa, is one of the largest in the history of Children's Hospital and will give
Norristown families and families in the nearby communities convenient access
to world-class pediatric healthcare. The extraordinary contribution was
inspired by the couple's deep desire to help provide better access to high
quality medical resources to the needy children in these communities.

"I have always felt strongly that all children, especially those living under
difficult circumstances, deserve the opportunity to live a healthy and
productive life," said Nicholas Karabots. "To do this, they need to have
access to good healthcare services. My wife and I are delighted to be able to
support the creation of this facility that will help so many in need. The
Norristown area is revitalizing and will benefit enormously with the opening
of the center."

"We are delighted and most grateful to the Karabots family for this generous
donation. The Karabots Pediatric Care Center will allow Children's Hospital to
make a tremendous difference in the Norristown and other needy Montgomery
County communities," said Steven M. Altschuler, MD, president and chief
executive officer, The Children's Hospital of Philadelphia. "The continued
growth of The Children's Hospital of Philadelphia healthcare network, which
now spans three states, has been in response to increasing need and demand for
the services we provide to children and families. This expansion is part of
our ongoing quest to provide excellent healthcare services to sick children,
especially in areas that are not currently served."

While plans are still in the very early stages, The Karabots Pediatric Care
Center will be located in the heart of downtown Norristown. Located
conveniently near public transportation, it will contain state of the art
clinical areas where children can receive primary pediatric care. The center
will also provide families access to Children's Hospital's community programs
such as Reach out and Read and the Homeless Health Initiative as well as drug
and substance abuse education, school readiness programs and child abuse and
neglect prevention.

A former shoe-shine boy from the South Bronx in New York City, Nicholas
Karabots rose to prominence in the printing and publishing business. Today, he
is Chairman of the Spartan Organization, Inc. and its family of companies,
which includes Kappa Publishing Group, Inc., the largest publisher of puzzle
magazines in the nation. Together with his wife and children, the Karabots
family is well-known for their philanthropy, having previously made major
contributions to create the Karabots Center for MRI Diagnostics at Montgomery
Hospital given that hospital's efforts within Norristown and have, in
addition, given to other causes elsewhere that focus on youth and the inner
cities. The Karabots' foundation was, as well, a major contributor to the
Philadelphia Museum of Art, an institution that also concentrates on its youth
programs, in that museum's efforts to retain the Gross Clinic painting in
Philadelphia.

About The Children's Hospital of Philadelphia: The Children's Hospital of
Philadelphia was founded in 1855 as the nation's first pediatric hospital.
Through its long-standing commitment to providing exceptional patient care,
training new generations of pediatric healthcare professionals and pioneering
major research initiatives, Children's Hospital has fostered many discoveries
that have benefited children worldwide. Its pediatric research program is
among the largest in the country, ranking third in National Institutes of
Health funding. In addition, its unique family-centered care and public
service programs have brought the 430-bed hospital recognition as a leading
advocate for children and adolescents. For more information, visit
http://www.chop.edu.

Contact:
Ashley Moore
Phone: (267) 426-6071
moorea1@email.chop.edu

SOURCE The Children's Hospital of Philadelphia

Ashley Moore of The Children's Hospital of Philadelphia, +1-267-426-6071,
moorea1@email.chop.edu