Center funded by $15M gift from David M. Rubenstein
Posted in Health
October 13, 2015
The Johns Hopkins University School of Medicine will create a new hearing center focused on restoring functional hearing loss with a $15 million donation from David M. Rubenstein, philanthropist and co-CEO of The Carlyle Group, to the school's Department of Otolaryngology–Head and Neck Surgery.
According to the National Institutes of Health, almost 25 percent of Americans ages 65 to 74 and 50 percent of those who are 75 and older have a disabling form of hearing loss, and about 15 percent of Americans between 20 and 69 have high-frequency hearing loss due to noise exposure. Also impacted is economic well-being, with an estimated annual cost of $122 billion to $186 billion in lost productivity and tax revenues in the United States.