Turpaz CEO donates NIS 70 million in shares to Israeli hospitals
Karen Cohen Hazon, CEO and controlling shareholder of Turpaz Industries, together with her husband Shay Hazon, donated company shares worth an estimated NIS 70 million to three major hospitals in Israel. As The Jerusalem Post reports, the donation amounted to 1% of Turpaz Industries shares from the couple’s personal holdings and was announced in July 2025.
The donation was directed toward medical initiatives at Sheba Medical Center, Rabin Medical Center’s Beilinson Hospital, and Soroka Medical Center. At Sheba, the Institute of Obstetric and Gynecological Imaging was opened in honor of Cohen Hazon’s parents, Nediva (Giselle) and Moshe (Musa) Cohen.
Support for cardiology
At Beilinson Hospital, the donation was designated for the development of the Cardiology Center in the Hope Tower, headed by Professor Ran Kornowski, as well as for expanding the intensive care unit for cardiac patients managed by Professor Katya Orvin. The funding is expected to increase treatment capacity, improve infrastructure, and facilitate the introduction of modern technologies for cardiac patients.
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Restoration of Soroka Medical Center
Part of the donation for Soroka Medical Center in Be’er Sheva is planned to be used to restore and modernize damaged infrastructure, strengthen critical departments, and purchase equipment for emergency and trauma units. According to the publication, the hospital sustained significant damage during Operation Rising Lion.
Karen Cohen Hazon dedicated the contribution to the memory of her parents. She said they instilled in her the values of generosity, humility, and civic responsibility. Turpaz Industries operates in the fields of flavors, fragrances, and specialty ingredients, has more than 4,900 customers in over 100 countries, and employs more than 1,100 people.
