The parent corporation of New Orleans Children's Hospital is acquiring Touro Infirmary, unveiling the deal by promising to spend $100 million on capital improvements during the next five years at the hospital which has struggled financially since Hurricane Katrina. Executives pitched the relationship as a way to solidify Touro's place in the New Orleans region's evolving healthcare system since Hurricane Katrina. It will allow the two hospitals, they said, to build on their history of collaboration and their similarities, including the natural bridge from Touro's prenatal care, labor, and delivery focus to Children's wide-ranging pediatric services.