Warren Buffett donates $10m to Rambam Hospital

The contribution was announced by his close friend Eitan Wertheimer at an event to celebrate 75 years since the hospital's establishment.

US billionaire Warren Buffet has donated $10 million to Rambam Hospital in Haifa. The contribution was announced by his close friend Eitan Wertheimer at an event last weekend to celebrate 75 years since the hospital's establishment.

Wertheimer has been a close friend of Buffett since the sale of the family's precision tool developer and manufacturer Iscar Ltd. to the American's company Berkshire Hathaway. In May 2006, Berkshire Hathaway bought 80% of Iscar for $4 billion, and in May this year it exercised an option to buy the remaining 20% for $2.05 billion.

Published by Globes [online], Israel business news - www.globes-online.com - on December 25, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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