This morning, Seton Healthcare Family President and Chief Executive Officer Jesus Garza announced his company is pledging an additional $50 million to the UT-Austin Dell Medical School teaching hospital.
Garza said Seton would get the $50 million through fundraising efforts, bringing the total cost of the hospital to $295 million. The teaching hospital will be a main component of the Dell Medical School, and will replace University Medical Center Brackenridge.
"It is Seton's turn to show its support by building and paying for a new teaching hospital that we believe will rival any in the nation," Garza said in a statement.
Seton also announced Tuesday they had recieved final approval of the project from its parent company. Construction of the teaching hospital is set to begin in 2014 and be completed in 2017.