Billionaire pledges $275 million for free mental health care for veterans, families

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Steve-Cohen
Steven Cohen

By Heath Druzin

A billionaire hedge-fund manager has pledged $275 million to build clinics offering free mental health care to veterans and their families.

Steven Cohen, who heads Point72 Asset Management, will build 20 to 25 clinics across the country in the next three to five years, with the first ones opening in July.

The initial clinics will be in New York, Dallas, San Antonio and Los Angeles, according to a press release from the Cohen Veterans Network, the nonprofit group overseeing the effort.hire vets

The announcement comes as the Department of Veterans Affairs remains under fire for long wait times and inadequate health care for veterans and is getting increasing criticism for denying health care to veterans with other than honorable discharges.

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