The bankruptcy and closure of Toys 'R' Us was an end of an era for many.

However, the iconic mascot of the toy chain will live on at a children's hospital.

A statue of "Geoffrey the Giraffe," was unveiled at a children's hospital in New Jersey this week.

The 16-foot-tall, 550-pound fiberglass statue used to stand at the toy company's Wayne, New Jersey headquarters.

Now,Geoffrey's new home is in New Brunswick, at the Bristol-Meyers Squibb Children's Hospital.

Employees there hope he will continue to bring joy to children for years to come.

Did you know that the giraffe's original name was "Dr. G. Raffe?" Seems fitting that he now lives in a hospital.

"Geoffrey used to be a doctor," John Gantner, RWJUH president and CEO said. "I thought it fitting that and a little bit ironic that Dr. G. Raffe has moved to a hospital in this next stage of his career. And although Geoffrey moved from his former home in Wayne, to his current home in New Brunswick, his job responsibilities have not changed all that much."

The Toys 'R' Us bankruptcy liquidation adviser is credited with facilitating Geoffrey's transfer.

"I was a Toys 'R' Us kid," Joseph Malfitano said. "This is an iconic piece of retail history. For it not to continue to bring smiles for years to come was a shame. This seemed like the right solution. I'm happy to see he has a good home."

According to reports, he spent $10,000 of his own money to make it happen.