Smithfield Foods Donates $500,000 to Support Riverside Smithfield Hospital
Rhea-AI Summary
Smithfield Foods (NYSE:SFD) has announced a $500,000 donation to support the new Riverside Smithfield Hospital in Isle of Wight County. The donation aims to bring full-service, inpatient hospital care to the region, benefiting both company employees and local residents.
As one of the region's largest employers, Smithfield Foods' investment will help expand access to emergency, inpatient, and specialty care services locally, reducing transportation barriers and travel time for the community. The new hospital facility represents a significant step in improving healthcare accessibility in the area.
Positive
- None.
Negative
- None.
News Market Reaction
On the day this news was published, SFD gained 1.06%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
SMITHFIELD, Va., Aug. 14, 2025 (GLOBE NEWSWIRE) -- Riverside Health and Riverside Foundation are proud to announce a transformational philanthropic gift from Smithfield Foods in support of the new Riverside Smithfield Hospital. This investment addresses a critical need in our region: full-service, inpatient hospital care for Isle of Wight County.
“Access to quality health care is essential to a thriving community,” said Shane Smith, president and CEO of Smithfield Foods. “Supporting Riverside Smithfield Hospital reflects our company’s commitment to the health and well-being of our employees, our neighbors and the area we’ve called home for nearly a century.”
Smithfield’s
“Riverside Smithfield Hospital is the community’s hospital—built by and for those in and around Isle of Wight,” said Jessica Macalino, president of Riverside Smithfield Hospital. “This gift from Smithfield Foods helps make it possible to bring advanced, compassionate care closer to home.”
The impact of the gift goes beyond expanding hospital services—it strengthens the overall health of the community. By bringing emergency, inpatient and specialty care closer to home, this investment supports better health outcomes, reduces barriers such as transportation and travel time, and ensures that individuals and families can receive world-class care locally.
“This is more than a gift—it’s a statement of belief in the people who live here,” said Kristen Witt, chief philanthropy officer of the Riverside Foundation. “Thanks to Smithfield Foods, we can expand access to high-quality health care services locally and ensure no one has to travel out of our area to get the care they need.”
Together, Smithfield Foods and Riverside Health are investing in a healthier, more resilient future for Isle of Wight County and the surrounding communities.
To learn more about Riverside Smithfield Hospital, visit riversideonline.com/rsh.
To learn more about Smithfield’s community initiatives, visit smithfieldfoods.com/good-is-what-we-do.
About Riverside Health
Riverside Health is an integrated health network providing over 2 million services annually. Serving Eastern Virginia since 1915, Riverside is guided by a mission to “care for others as we would care for those we love.” The health system offers a variety of services and programs in the areas of prevention, primary care, diagnostics, neurosciences, oncology, orthopedics, aging-related services, rehabilitation, medical education, home care and hospice. RHS operates four acute-care hospitals, a mental health and recovery hospital with a dedicated psychiatric emergency department, in addition to a physical rehabilitation hospital and a critical illness recovery hospital in partnership with Select Medical. Riverside Health is also constructing the new Riverside Smithfield Hospital, scheduled to open in early 2026. Riverside Medical Group has more than 750 physicians and advanced practice providers across a broad spectrum of specialties in over 110 locations throughout the region. Riverside Lifelong Health operates six nursing home facilities and three vibrant continuing care retirement communities alongside Riverside Home Health and Hospice services. In addition to these health care services, RHS operates the Riverside College of Health Sciences and six medical residency programs. The company employs more than 9,500 team members throughout Eastern Virginia. For more information on Riverside, visit riversideonline.com.
About Smithfield Foods
Smithfield Foods, Inc. (Nasdaq: SFD) is an American food company with a leading position in packaged meats and fresh pork products. With a diverse brand portfolio and strong relationships with U.S. farmers and customers, we responsibly meet demand for quality protein around the world.
Photo caption (L to R): Jim Monroe, vice president, corporate affairs, Smithfield Foods; Keller Watts, chief business officer, Smithfield Foods; Jessica Macalino, president, Riverside Smithfield Hospital; Dr. Mike Oshiki, president, acute care, Riverside Health; Shane Smith, president and CEO, Smithfield Foods; and Kristen Witt, chief philanthropy officer, Riverside Health, tour the Riverside Smithfield Hospital building and grounds coming soon to the Isle of Wight community.
Contact:
April Weston
Director of Integrated Communications, Riverside Health
(757) 755-1855
april.weston@rivhs.com
Ray Atkinson
Smithfield Foods, Inc.
(757) 576-1383
ratkinson@smithfield.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d3dff3af-9d46-4673-88e3-056094c6f8b4
FAQ
How much did Smithfield Foods (NYSE:SFD) donate to Riverside Smithfield Hospital?
What is the purpose of Smithfield Foods' hospital donation in 2025?
Who will benefit from the new Riverside Smithfield Hospital?
Where will the new Riverside Smithfield Hospital be located?
