TLDR
- Bank of America stock trades at $53.58 after falling 1.57% on Thursday.
- Bank of America gives $10 million toward Boston Children’s Brighton campus.
- The project will combine behavioral health, outpatient and rehabilitation care.
- The Brighton expansion will create up to 200 jobs and 3,320 construction roles.
- New programs will support autism, developmental care and early intervention.
Bank of America (BAC) shares traded at $53.58, down 1.57%, as the bank announced a $10 million healthcare grant. The funding will help Boston Children’s Hospital develop a new pediatric behavioral health campus in Brighton, Massachusetts. The project will expand treatment capacity while adding inpatient, outpatient and rehabilitation services for children and adolescents.
Bank of America Corporation, BAC
$10 Million Grant Supports Brighton Expansion
Bank of America will provide $10 million to Boston Children’s Hospital for the planned behavioral health campus. The facility will rise on the Franciscan Children’s campus, which joined Boston Children’s health system in 2023. The project will create new clinical space and increase access to behavioral health services across Greater Boston.
The new campus will combine inpatient treatment, outpatient care and rehabilitation services within one integrated location. It will also include single-patient rooms and dedicated programs for children with developmental and intellectual disabilities. Boston Children’s expects the expanded capacity to improve early intervention and reduce treatment delays for families.
The hospital also plans partial hospitalization and intensive outpatient programs for pediatric and adolescent patients. Rehabilitation services will cover both post-acute care and outpatient treatment for children with different medical needs. These services will broaden the campus beyond traditional behavioral health care and create a more complete treatment network.
New Campus Adds Jobs and Specialized Services
Boston Children’s expects the Brighton project to create between 150 and 200 permanent jobs in the community. Construction work will also support more than 3,320 jobs throughout development of the new campus. That expansion adds an economic component to Bank of America’s healthcare-focused community investment.
The project will serve children with behavioral health needs and patients requiring specialized neurodevelopmental care. It will also create spaces designed for children with autism and intellectual and developmental disabilities. Families will participate more directly in care through layouts designed around long-term treatment and clinical support.
Beyond patient care, the campus will support research, workforce development and collaboration with schools and community organizations. Boston Children’s plans to use the site as a broader center for behavioral health innovation. Those programs could extend treatment and support beyond hospital walls and into surrounding communities.
Bank of America Extends Greater Boston Giving
Bank of America has built a substantial operating presence across Greater Boston through employees, branches and community programs. The company has more than 3,600 employees and nearly 130 locations serving customers throughout the region. Since 2021, it has contributed more than $53 million through philanthropic programs across Greater Boston.
Bank employees have also completed more than 216,000 volunteer hours across community programs since 2021. The bank has provided $963 million in home loans and $651 million in small business loans locally. These programs complement its financial support for healthcare, housing, economic mobility and community development.
Bank of America also marked the healthcare commitment through employee volunteer activities at Franciscan Children’s. Staff members participated in recreational and creative activities with patients across rehabilitation and behavioral health units. The grant therefore combines direct capital support with broader community participation around the planned Brighton campus.
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