LOS ANGELES (AP) — A prominent orthopedic spinal surgeon has donated $50 million to the University of Southern California to fund a bioscience center.
The school announced Monday that the gift by Dr. Gary K. Michelson will go toward building a 190,000-square-foot facility with state of the art laboratories, classrooms and offices.
University President C.L. Max Nikias says the USC Michelson Center for Convergent Bioscience will be a "vibrant hub" for innovation in medical research.
Before retiring, Michelson spent 25 years as a surgeon, developing better spinal implants and surgical instruments.
The Los Angeles resident landed on the Forbes 400 after selling ownership of his spine-related patents for over $1 billion.
Michelson's gift represents a milestone in USC's current fundraising initiative, which seeks to raise $6 billion from individual donors, foundations, and corporations.
©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.