Global Entrepreneur and Arcadia Resident Charles Huang, PhD To Donate $7.5 million to Hospital in His Adopted Hometown
“This gift will go toward the construction of a new hybrid operating room which will enable Methodist Hospital to further distinguish itself as the center of excellence for cardiac surgery and serve even more patients in our local communities more efficiently and effectively.”
–Charles Huang, Arcadia resident and Global Entrepreneur
Media Invited: Signing Ceremony for Largest-Ever Single Gift to Methodist Hospital
Date & Time: Monday, June 27 at 11:30 a.m.
Location: Methodist Hospital of Southern California
300 West Huntington Drive, Arcadia
Important: Proof of vaccination is required to attend, or you can show proof of a negative COVID test that is less than 48 hours old.
Contact: Brian Greene: Cell: 626-354-1484 Brian.Greene@MethodistHospital.org
Lee Houskeeper: Cell: 415-654-9141 firstname.lastname@example.org
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ARCADIA, Calif. (June 23, 2022) — Global entrepreneur and Arcadia resident Charles Huang, PhD, has announced he will donate $7.5 million to Methodist Hospital which will be the largest single gift in the 119-year history of the hospital.
A special private ceremony commemorating this generous donation will be held on Monday, June 27 from 11:30 a.m. to 1:30 p.m. at Methodist Hospital. News media are invited to attend.
“We are so fortunate and pleased with this generous gift from Dr. Huang, which will be used toward the construction of a hybrid operating room,” said Mike Driebe, President of the Methodist Hospital Foundation.
“A hybrid operating room is an advanced procedural space that combines a traditional operating room with an image guided interventional suite,” said Bala Chandrasekhar, MD, Chief Medical Officer of the hospital. “With this incredible donation, we will be able to create an OR that will include a combination of equipment and services that allows for highly complex, advanced surgical procedures. Our medical teams working in the hybrid OR are combined as well to form a multi-disciplinary group of clinicians prepared to meet the complex needs of patients which, ultimately, can save lives.”
While Dr. Huang is originally from China and is globally known as a highly successful investor and entrepreneur, he has resided in his adopted hometown of Arcadia for more than 20 years. Two of his children were born at Methodist Hospital and attend local schools, and he also has an adult daughter who recently gave birth to his first grandchild at the hospital.
“I’ve always been impressed with the level of care and services at Methodist Hospital for both my family and several of our employees,” Dr. Huang said. “It’s important for everyone to support local organizations like Methodist Hospital that do so much for our community. We want to do all in our power to help expand needed health care services at the local level. With this new hybrid OR, Methodist Hospital will further distinguish itself as the center of excellence for cardiac surgery and serve even more patients in our local communities more efficiently and effectively.”
Dr. Huang is a Chinese American and entrepreneur who has enjoyed a distinguished career with great success in many innovative endeavors. In 2016, he founded Pasaca Capital Inc. and serves as the Chairman of the Pasadena-based multi-billion-dollar private equity company. Dr. Huang is also Chairman of the Charles Huang Foundation.
Prior to becoming a celebrated entrepreneur and a business executive in private and publicly traded companies, Dr. Huang participated in and led over 20 IPOs for Asian and global companies. Early in his career, Dr. Huang was recognized as having “the Midas touch” because of his unrivaled stock selection skills and impeccable stock market calls. Dr. Huang served as a pioneer in Chinese equity research at James Capel (Now HSBC Securities) in Hong Kong and as a top analyst at Crédit Lyonnais and BNP Paribas.
In 2020, Dr. Huang founded the Charles Huang Foundation with a mission to “bolster, enable, and inspire global development in education, health, and innovation.” Through the foundation, Dr. Huang has made substantial donations to his alma maters, including contributions to the University of Strathclyde in Scotland, and to Wuhan University in China. Most recently, Dr. Huang made a major donation to San Francisco’s Chinese Hospital as well as a pledge to create the Charles Huang Foundation Research Fund at the University of California, Los Angeles.
Earlier this year during Asian American Pacific Islander Heritage Month, Dr. Huang was recognized as one of the distinguished AAPI leaders and received the honor of “Excellence in Business” by California AAPI Legislative Caucus. In November 2021, Dr. Huang was named “Philanthropreneur of the Year” by the California State Assembly. Pasaca Capital was also named “Business of the Year” for its extraordinary contributions to the State of California and the world.
About Methodist Hospital: Founded in 1903, Methodist Hospital of Southern California is a full-service community hospital with 348 licensed beds. The hospital offers advanced cardiovascular services including cardiac catheterization, electrophysiology, and open-heart surgery. Los Angeles County has designated Methodist Hospital as both a heart attack and stroke receiving center as well an Emergency Department Approved for Pediatrics. The hospital also offers a variety of services in orthopedics, neurosurgery, obstetrics, and many other medical specialties. As many as 40,000 patients are treated annually in the Emergency Department, while the hospital staff delivers more than 1,500 babies annually and typically has more than 15,000 patient admissions each year.