Sheba Medical Center held an appreciation ceremony for Turpaz Industries CEO and controlling shareholder Karen Cohen Khazon and her family following their donation of company shares worth approximately NIS 70 million to three major Israeli hospitals.
The donation, announced in July 2025, consisted of 1% of Turpaz Industries shares from the personal holdings of Cohen Khazon and her husband, Shay Khazon. It was designated for medical initiatives at Sheba Medical Center, Rabin Medical Center-Beilinson Hospital and Soroka Medical Center.
During the ceremony, Sheba inaugurated its Institute for Obstetric and Gynecologic Imaging in memory of Cohen Khazon’s late parents, Nediva (Gisèle) and Moshe (Musa) Cohen.
The event, held at Sheba’s Institute for Gynecological and Obstetric Ultrasound, included formal remarks and a ribbon-cutting ceremony. Prof. Yitshak Kreiss, director-general of Sheba Medical Center, was among those who attended.
The Sheba ceremony followed similar events held in recent months at Soroka and Beilinson to recognize the donation.
Cohen Khazon dedicated the contribution to her parents, saying they had instilled in her the values of generosity, humility and civic responsibility.
Donation to support cardiac care, Soroka recovery
At Beilinson, the donation was designated for the development of the hospital’s Cardiology Center in the Hope Tower, headed by Prof. Ran Kornowski, and the expansion of the Cardiac Intensive Care Unit, led by Prof. Katia Orvin.
The funding is intended to increase treatment capacity, improve infrastructure and support the introduction of advanced technologies for cardiac patients.
Cohen Khazon and her husband also visited Soroka Medical Center in Beersheba, where they met hospital director Prof. Shlomi Kodesh.
Their visit came following extensive damage sustained by Soroka during Operation Rising Lion.
The portion of the donation allocated to Soroka is intended to help restore and upgrade damaged infrastructure, reinforce critical departments and purchase equipment for the hospital’s emergency and trauma units.
When the donation was announced, Cohen Khazon said she viewed the contribution as a way of translating business success into a broader contribution to Israeli society.
“I dedicate this donation to the memory of my beloved parents: Nediva (Gisèle), who raised and educated generations of children with special needs, and Moshe (Musa) Cohen, one of the founders of Israel’s electrical industry, who also made a significant contribution to the industry worldwide,” she said.
Generosity, humility and civic responsibility
“They instilled in me the values of generosity, humility and civic responsibility. As the CEO of a company that operates internationally yet remains deeply rooted in Israeli society, I felt that this was the right time to translate business success into a positive social impact.”
Turpaz Industries operates in the flavor, fragrance and specialty ingredients industries. The company markets products to more than 4,900 customers in over 100 countries and operates manufacturing facilities, research and development centers, laboratories and sales offices around the world.
The company employs more than 1,100 people and has completed 28 acquisitions since 2017 as part of its international expansion strategy.