Goldman Sachs makes financial commitment to new Dallas pediatric campus
DALLAS – Nov. 14, 2025 – UT Southwestern Medical Center and Children’s HealthSM today announced that Goldman Sachs has committed philanthropic support to the new $5 billion joint pediatric campus under construction in Dallas’ Southwestern Medical District, across from UTSW’s William P. Clements Jr. University Hospital.
The gift represents one of the earliest corporate donations to the project, which broke ground in October 2024 and will significantly expand inpatient, surgical, and ambulatory capacity in Dallas-Fort Worth to meet the needs of one of the fastest-growing and largest metropolitan areas in the country. The pediatric campus is projected to open in 2031.
“We are proud to support two premier health care providers, UT Southwestern and Children’s Health, in the development of a new pediatric hospital and campus that will serve families in North Texas and beyond for decades to come,” said Rob Kaplan, Vice Chairman of Goldman Sachs and former President and CEO of the Federal Reserve Bank of Dallas. Mr. Kaplan is also a member of the President’s Advisory Board at UT Southwestern.
One of the world’s leading financial institutions, Goldman Sachs is increasing its presence in Dallas with the construction of an 800,000-square-foot campus in Uptown near Victory Park. With more than 4,500 employees, the Dallas region represents the company’s largest employment base in the United States outside of its New York headquarters.
“The vision to build this new pediatric campus is an example of the type of ambitious development that attracted Goldman Sachs to Dallas,” said Aasem Khalil, global head of Investment Banking Client Services and the Cross Markets Group and head of the Dallas office at Goldman Sachs. “We are excited to be part of this dynamic business community and remain deeply committed to civic leadership and supporting the health and well-being of the Dallas region, especially its children. As incoming Chair of the UT Southwestern President’s Advisory Board, I take great pride in continuing to champion initiatives that strengthen our community and its future.”
The region's pediatric population is expected to grow significantly by 2050, underscoring the urgent need for expanded access to high-quality pediatric care. The new pediatric campus in Dallas will span more than 4.9 million square feet anchored by Moody Children’s Hospital, featuring 552 beds in two 12-story towers and one eight-story tower.
“We are privileged to have a partner like Goldman Sachs join our effort to create an environment where we can provide the best care possible for children, train the next generation of physicians and other caregivers, and accelerate discoveries that will enhance treatments for children into the future,” said Daniel K. Podolsky, M.D., President of UT Southwestern.
“Goldman Sachs’ investment in our new pediatric campus affirms our commitment and empowers our mission to improve the lives of children today and for future generations. Our new campus builds on more than a century of excellence in pediatric care, advancing prevention, diagnosis, and treatment through cutting-edge technology, discovery, and the education of the next generation of health care professionals,” said Christopher J. Durovich, President and Chief Executive Officer of Children’s Health.
To learn more, visit childrens.com/watchusgrow, engage.utsouthwestern.edu/pediatriccampus, and give.childrens.com.
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About UT Southwestern Medical Center
UT Southwestern, one of the nation’s premier academic medical centers, integrates pioneering biomedical research with exceptional clinical care and education. The institution’s faculty members have received six Nobel Prizes and include 24 members of the National Academy of Sciences, 25 members of the National Academy of Medicine, and 13 Howard Hughes Medical Institute Investigators. The full-time faculty of more than 3,300 is responsible for groundbreaking medical advances and is committed to translating science-driven research quickly to new clinical treatments. UT Southwestern physicians in more than 80 specialties care for more than 143,000 hospitalized patients, attend to more than 470,000 emergency room cases, and oversee nearly 5.3 million outpatient visits a year.
About Children’s Health
Children’s Health is the leading pediatric health care system in North Texas and has long been recognized as a leader in pediatric health. Its campuses include Children’s Medical Center Dallas, Children’s Medical Center Plano and multiple Children’s Health Specialty Centers, caring for 370,000 patients each year.
In partnership with UT Southwestern Medical Center, it is consistently recognized among the nation’s best pediatric hospitals by U.S. News & World Report. This commitment to excellence and outstanding care has resulted in recognition across all pediatric specialties for eight consecutive years, including Cancer, Cardiology & Heart Surgery, Behavioral Health, Diabetes & Endocrinology, Gastroenterology & GI Surgery, Neonatology, Nephrology, Neurology & Neurosurgery, Orthopedics, Pulmonology, and Urology.
Since 2009, Children’s Health has maintained Magnet® designation – the highest honor for nursing excellence – and continues to earn employer-of-choice recognition locally, nationally, and globally. These honors include the Great Place to Work® Certification™, the Gallup Exceptional Workplace Award and Top Workplaces recognition from USA TODAY and The Dallas Morning News. Children’s Health has also been named one of the 150 Best Places to Work in Healthcare by Becker’s Hospital Review for 14 consecutive years.
About Goldman Sachs
Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.