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Wishard to be renamed after $40M gift from developer

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Wishard Health Services will change its name to Eskenazi Health after receiving a $40 million gift from Indianapolis real estate developer Sidney Eskenazi and his wife Lois, the county-owned hospital announced Wednesday morning.

The $754 million hospital Wishard is building in downtown Indianapolis will be renamed the Sidney and Lois Eskenazi Hospital.

The Eskenazis' gift is the largest in the history of Wishard, which began as City Hospital in 1859. The Wishard name, which refers to a physician who led the hospital in the 1880s, was not adopted until 1975.

The name changes would not occur until the new hospital opens in December 2013, and the larger Wishard Health Services would change its name the following year. Any name changes must be approved by the Board of Trustees of Health & Hospital Corporation of Marion County, which owns Wishard.

Wishard Foundation was trying to raise $50 million to help fund construction of the new hospital. With the Eskenazi’s gift, it has now exceeded that goal, with a total of $54 million raised.

Sid Eskenazi, 81, started Sandor Development Co. in 1963 and has grown it into one of the nation’s largest owners of strip malls. Sandor has long-standing relationships with major retailers such as Wal-Mart Stores Inc. and Kohl’s.

He grew up on the south side of Indianapolis, attending Manual high School and earning a law degree at Indiana University.

Eskenazi has been active philanthropically in recent years, giving to the Jewish Community Center, Indiana University and arts organizations. His gifts to arts causes are inspired in part by his wife, Lois, as well as his love of modern art. IUPUI’s Herron School of Art & Design named its new building after the Eskenazis in 2005.

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  • excellent funders
    thank you for interest to donate some funds to youths orgnization we are a youth organization which seeks to uplift the welfare of underprivileged and marginilised youths through the provision of basic needs knowledge and empowerment. we need your contant details and email adress or an application form sent directry to us
  • Agree
    I like the idea of combining both names.
    • Wishard Is A Recent Name
      The hospital dates back to 1859. It has only been called Wishard since 1975, and it went by various names during the intervening years. Dr. Wishard who used to work there died 34 years before the place was named after him.

      What I think is more interesting than history is quality healthcare. Hardly anyone today knows who Dr. Wishard was, even with the hospital being named after him. It is much better to get a new hospital than to worry about what it is named.
    • Something like that
      Dr. Wishard was, indeed, a great person and it seems a shame to lose his name to history. The Eskenazis are doing an amazing thing for the city as well and, even though they didn't ask for it, should be honored for this selfless gift. Perhaps it could have/or still can be done like The Kennedy Space Center at Cape Canaveral... Or, closer to home, the Weir Cook Terminal at Indianapolis International Airport.
      • I like it!
        I like the new name--sounds very "big city". People will get used to the new name. It's really not that big a deal.
      • Wishard
        You may as well keep the name "Wishard" in there someplace it will continue to be called that by those living in Indy for years. The only reason the name Lucas Oil Stadium took off was it was new. St. V is still St. V (unless you work for the news and push Peyton Manning Children's Hospital).
      • Dr Wishard
        That's nice of them to donate so much, but Dr Wishard was a great man who did a lot for Indiana too. Why cast him aside? How about:
        Wishard-Eskenazis Hospitol.

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        1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

        2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

        3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

        4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

        5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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