Bloomberg reports that Ken Griffin is giving $12 million to HSS for a new research initiative focused on treating knee pain.

Griffin’s donation will create the Kenneth C. Griffin Research Accelerator, which will work to increase the personalization of knee replacement surgery.

The gift will also support the HSS Kellen Tower, a 94,000-square-foot (8,733-square-meter) building currently under construction at 70th Street and FDR Drive. The tower, which is expected to open in 2025, will be the headquarters for joint replacement surgery and house the accelerator. HSS sees more than 200,000 patient visits annually.

Read the full article at bloomberg.com.