It was during Mr. Wood's illness in 1885, that, while lying surrounded by comfort and luxury that wealth could bestow, he thought of the poor people of Glossop under similar conditions, and vowed that if he should recover he would build and endow a hospital for their relief. The hospital would be built of local dressed par point stone, 120ft by 80ft. The administration block would be two storey in height and the side wings one story. Provision will be made for the accommodation of 16 patients.
Announced it was going to be built in 1886 as one of the Jubilee gifts to Glossop on Queen Victoria's Jubilee. The hospital and its endowment was the gift of Mr. Daniel Wood, at a cost of £25,000. Mr. Wood wished to leave the working of the hospital and choosing of staff and arrangements entirely in the hands of the Town Council. The only connection that Mr. Wood wished to have with the hospital was that it should be called “The Woods' Hospital.” Mr. Sidebottom asked if it should be called “Daniel Wood's Hospital,” but Mr. Wood insisted it should be called “Woods' Hospital.”
The first stone of Glossop's new hospital was laid on Saturday, July 30, 1887, by James Sidebottom, Mayor of the borough. It was one of four ceremonies which took place that day in celebration of four magnificent gifts to the people of Glossop to mark the celebration of Queen Victoria's Jubilee. In the cavity below the foundation of the hospital a time capsule was placed which consisted of a copper canister, hermetically sealed, containing copies of four local newspapers, the architects' description of the building, and a number of coins of the realm.
Daniel Wood died on 7th February, 1888, at Moorfield.
On Monday, 21st January, 1889, the new Wood's Hospital erected in the northern portion of Victoria Park, was opened for the reception of patients without any formal ceremony.