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Great Ormond Street Hospital announces new Morgan Stanley clinical building

4 October 2007

Morgan Stanley, the leading global financial services firm, today pledged a £10 million contribution towards the construction of the Morgan Stanley Clinical Building within a new children’s medical centre at Great Ormond Street Hospital. This contribution is the largest corporate donation made in the history of the hospital.

Great Ormond Street Hospital specialises in rare, complex and life threatening conditions in children and is recognised as one of the world’s leading children’s hospitals.  However, many wards and units are cramped, outdated and unsuitable for today’s modern medicine and equipment; making conditions difficult for children, their families and staff.

The Morgan Stanley Clinical Building, due to open in 2011, will include a new heart and lung centre, neurosciences and nephrology unit. The hospital will remain the largest centre for children with cardiac, neurological and kidney problems in the UK.

The building will form part of Great Ormond Street Hospital’s major redevelopment plan, which aims to rebuild two thirds of the hospital site.  The hospital needs to raise £170 million over the next five years to rebuild the hospital.

Dr. Jane Collins, Chief Executive of Great Ormond Street Hospital says, “Everyone at the hospital is very grateful to Morgan Stanley for this significant contribution to the appeal which will make a huge difference to children and their families directly. Without these vital funds Great Ormond Street Hospital would not be able to offer the same specialist treatment and services and continue the level of pioneering research that has led to so many new advances for children both in the UK and across the world.”

Walid Chammah, Chairman of Morgan Stanley International, says, “We are delighted to have this opportunity to create a lasting legacy of which we can all be proud. For more than 30 years, Morgan Stanley has invested in pediatric care innovation and the Morgan Stanley Clinical Building will give the children, families and staff at Great Ormond Street Hospital what they deserve most – world class facilities to match its already world class care.“

Both organisations share a vision to be ‘best in class’ and use innovation in their respective fields to deliver world class services.

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Contact information:

For media enquiries, please contact:

Sunita Sharma

Press Office, Great Ormond Street Hospital Children’s Charity

020 7239 3039

sunita.sharma@gosh.org

Notes to editors

Great Ormond Street Hospital for Children NHS Trust is the country’s leading centre for treating sick children, with the widest range of specialists under one roof.

With the UCL Institute of Child Health, we are the largest centre for paediatric research outside the US and play a key role in training children’s health specialists for the future.

Our charity needs to raise £50 million every year to help rebuild and refurbish Great Ormond Street Hospital, buy vital equipment and fund pioneering research. With your help we provide world class care to our very ill children and their families.