Naples hospital gets $7.5M donation for orthopedic surgical center

The Hospital for Special Surgery, a New York City-based musculoskeletal health organization that dates back to 1863, has received a $7.5 million gift that will support construction of a new orthopedic surgical center in Naples. 

The funds come from the Kapnick Foundation, according to a statement, and the surgical center is the “centerpiece of HSS’s collaboration with Naples Comprehensive Health (NCH) as they advance their mission to provide high-quality orthopedic care to residents of Southwest Florida.” 

The money from the foundation comes from Scott Kapnick, a top executive at Goldman Sachs for 21 years, including one stint overseeing investment banking and another as co-CEO of Goldman Sachs International. Kapnick is now CEO of HPS Investment Partners, one of the world's biggest alternative credit managers with $114 billion in assets, according to Forbes. Kapnick, with a net worth of $3.6 billion according to Forbes, founded New York-based HPS in 2007. 

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Kapnick and his wife, Kathleen, own several properties in Naples, according to Collier County property records, including one in the exclusive Port Royal neighborhood. The family has been involved in other philanthropic causes in the area, including the Naples Botanical Gardens. The Kapnick Foundation had $56.85 million in assets in its most recent fiscal year, public tax filings show. 

The orthopedic surgical center, meanwhile, will be part of the Patty & Jay Baker Pavilion, a 100,000 square foot state-of-the-art facility on the NCH North Naples Hospital campus. The Baker Pavilion, the release adds, will serve as a “destination for comprehensive outpatient and inpatient musculoskeletal services, and will include imaging, rehabilitation and The Kapnick Foundation Ambulatory Surgical Center.” 

Ground was broken on the project in November 2023, the release states, and it is expected to open to patients in March 2025.

The Kapnick Foundation and the Kapnick family have donated and supported the main HSS main campus in New York City before, and Scott Kapnick is on the HSS board of trustees.

“Naples is a special community. Kathleen and I are excited to help make the vision of providing greater access to best-in-class musculoskeletal care a reality for those in Southwest Florida,” Scott Kapnick says in the release.

All donations to support the Baker Pavilion are matched by the $20 million grant pledged by NCH board member Jay Baker and his wife, HSS trustee Patty Baker. (The Bakers are prominent Naples philanthropists; Jay Baker was president of Kohl’s, among other leadership roles in retail.) 

“This transformative donation is a testament to the unwavering dedication of our community,” Jay Baker says in the release. “We appreciate the Kapnicks and their support. This gift will ensure that our residents have access to exceptional treatment right here at home, without the need to travel. It’s an honor to be a part of making Naples a leader in orthopedic excellence.”

NCH is a locally governed nonprofit and community health system with 713 beds spread through two hospitals; dozens of locations throughout Southwest Florida; and an alliance with 775 physicians. An affiliate of Weill Cornell Medical College, HSS has a main campus in New York City and facilities in New Jersey, Connecticut and in the Long Island and Westchester County regions of New York State, as well as in Florida and its main New York City campus.