Sussman has made a significant contribution towards the building costs of the hospice, an offshoot of the Pen Bay Medical Center in Rockport, Maine.
Donald Sussman with his wife Chellie Pingree / maine politics
Donald Sussman, husband of Senator Chellie Pingree, who has represented Maine’s 1st congressional as a member of the United States House of Representatives, on behalf of the Democratic party, has owned a home in the State for close to twenty years.
When completed, the hospice which will be known as the Ida Sussman Hospice in the name of Sussman’s late grandmother.
Construction is due to get underway in the coming weeks, with completion of the 10, 000-square-foot building scheduled for August 1, 2014.
The hospice, which will be built in a comforting farmhouse design, will contain seven patient suites, each of them with a private bathroom as well as an individual living area, patio, as well as a private garden for the use the patient’s family.
The hospice building is being constructed to meet the highest green building standards as well as being designed in such a fashion that it can be expended to include a further seven patient suites for the future.
The total cost of phase one of the project is budgeted at $6.6 million, of which Donald Sussman has put up around 15% of million.
Mr. Sussman, recently underwent some minor surgery at Pen Bay Hospital and was enthusiastic in his praise of the quality of care that he received during his stay at the hospital, as well as the friendliness and professionalism of the hospital staff.
Plans have been afoot to build a hospice adjacent to Pen Bay for more than ten years, and thanks to Sussman’s donation as well as the kindness and generosity of 1, 000 other donors, the $6.6 cost of constructing the hospice house has now been met.
Donald Sussman was born and raised in Miami, Florida. After completing high school, Sussman earned his BS from New York University as well as an MBA from the Columbia College, the undergraduate college at Columbia University.
After a successful career in the world of finance, Sussman founded found Paloma Partners in 1981, a hedge fund which went on to handle assets of $3 billion under management
In 2006, Sussman sold Paloma’s middle and back-office operations to JPMorgan Worldwide Securities Services for a confidential sum. Following selling a considerable share of his company to JPMorgan, Sussman has remained active in the financial markets as an investor, specializing in emerging hedge funds
In 2012, through a company that he owns under the name of Maine Values LLC, Donald Sussman invested more than $3 million in MaineToday Media, owner of the Kennebec Journal, the Morning Sentinel and the Coastal Journal, the Portland Press Herald and several digital media properties all of them based in the state, with Maine Values owning 75% of MaineToday Media.