JERUSALEM (VINNews) – Daniel Jusidman, a Mexican-Israeli industrialist and philanthropist, has pledged NIS 200 million (approximately $68.5 million) toward the construction of a new rehabilitation hospital in Tel Aviv that is expected to become the largest facility of its kind in Israel.

The hospital, which will be operated by Reuth Association, is planned for the former Sde Dov district in northern Tel Aviv and is expected to include about 540 beds, advanced rehabilitation services, outpatient treatment facilities and research programs.

Supporters of the project say the new facility will help address Israel’s growing need for rehabilitative care, particularly in the wake of recent wars and an aging population. The hospital is expected to serve wounded soldiers, trauma victims and other patients requiring long-term recovery and rehabilitation.

Jusidman, founder of one of Latin America’s largest tool manufacturing companies, has long been involved in philanthropic efforts in Israel, supporting hospitals, universities and other public institutions. The contribution is reported to be the largest single donation made by his family foundation.

The overall project is expected to cost roughly $390 million (NIS 1.1 billion) and will be financed through a combination of private philanthropy, municipal support and government funding. Construction is expected to take several years.

The donation and project details were first reported by eJewishPhilanthropy.