Lucile Packard Childrena?s Hospital Receives $25 Million Planned Investment from HP

PALO ALTO, Calif.--([ BUSINESS WIRE ])--HP (NYSE:HPQ) today announced a planned commitment of $25 million over 10 years to support the projected expansion of Lucile Packard Childrena�s Hospital at Stanford and a cutting-edge research initiative designed to enhance the safety and quality of care for critically ill patients and their families.

"Our partnership with HP has already succeeded in translating research discoveries into more effective clinical care, and we are thrilled to have their investment as we build new facilities to provide for future generations of children and expectant mothers."

HPa�s new investment includes support for the expansion of Packard Childrena�s Hospital, which will add 100 beds to its Palo Alto campus and increase access to state-of-the-art treatments for local children and expectant mothers. With the existing facility already operating beyond its originally intended capacity, the growth will allow Packard Childrena�s Hospital to continue providing the most advanced cures, treatments and technologies available, performed by the best minds in pediatric and obstetric medicine, within a family-centered environment.

aHPa�s generous commitment will bring tremendous resources to bear on the future of childrena�s healthcare,a said Christopher Dawes, president and chief executive officer, Packard Childrena�s Hospital. aOur partnership with HP has already succeeded in translating research discoveries into more effective clinical care, and we are thrilled to have their investment as we build new facilities to provide for future generations of children and expectant mothers.a

The grant also will help sustain and advance innovative, interdisciplinary research collaborations between scientists at [ HP Labs ]a" the companya�s central research arm a" and Packard Childrena�s Hospital. Using powerful bioinformatics tools, the project team will investigate pressing issues of quality, patient safety and personalized care to achieve even better health outcomes for pediatric medicine worldwide.

aAt HP, strengthening our local communities is a foundational responsibility and core to commitment to global citizenship,a said [ L�o Apotheker ], HP president and chief executive officer. aWe are working with Lucile Packard Childrena�s Hospital to evolve patient care through innovation and help ensure that children and families continue to receive the most advanced and innovative care.a

Since 2007, leaders in quality, safety and bioinformatics from Packard Childrena�s Hospital, HP Labs and HPa�s Enterprise Business have worked to develop faster, safer and more personalized patient care. Leveraging an earlier investment from HP and a new computerized physician order entry system, researchers at Packard Childrena�s Hospital developed a system of novel prompts for the deployment of arapid response teamsa at the first inkling of trouble in hospitalized children. The effective use of these teams was found to significantly reduce mortality rates in a pediatric setting.

Previous investments from HP also enabled Packard Childrena�s Hospital investigators to study environmental factors in disease development, personalized cancer therapy and genome sequencing.

Researchers at Packard Childrena�s Hospital and HP Labs are now leveraging safety lessons from high-reliability industries such as air travel and applying them to healthcare, enhancing asituational awarenessa to further improve patient safety and quality of care. Upcoming studies will harness methods in data-driven science to find trends and patterns in clinical, genetic and environmental data that are expected to reach new levels of personalized medicine.

About Lucile Packard Childrena�s Hospital at Stanford

Celebrating its 20th anniversary in 2011, Lucile Packard Childrena�s Hospital is annually ranked as one of the nationa�s best pediatric hospitals by U.S. News & World Report,and is the only San Francisco Bay Area childrena�s hospital with programs ranked in the U.S. News Top Ten. The 311-bed hospital is devoted to the care of children and expectant mothers, and provides pediatric and obstetric medical and surgical services in association with the Stanford University School of Medicine. Packard Childrena�s offers patients locally, regionally, and nationally a full range of health care programs and services, from preventive and routine care to the diagnosis and treatment of serious illness and injury. For more information, visit [ www.lpch.org ].

About HP

HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The worlda�s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP is available at [ http://www.hp.com ].

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Lucile Packard Childrena?s Hospital Receives $25 Million Planned Investment from HP