Mayo Clinic, a Minnesota-born institution known for attracting patients from the Middle East and around the world, is entering a joint venture that will run a new "mega-hospital" in the United Arab Emirates.
The Sheikh Shakhbout Medical City, a four-tower medical campus in the UAE capital city of Abu Dhabi, will formally open in early 2020 operated by a for-profit joint venture in which Mayo Clinic is becoming a shareholder, Mayo officials announced Sunday morning. Mayo officials said the long-term goal is to have the hospital project grow into a Mayo-caliber center of expertise and capabilities in complex care and diagnostic medicine.
"This is a collaboration and unique partnership in the region, with Mayo Clinic physicians, nurses, administrators and others working side by side with colleagues from [the Abu Dhabi Health Services Company]," Mayo CEO Dr. Gianrico Farrugia said Sunday in an announcement about the joint venture.
Financial details were not disclosed between the not-for-profit Mayo Clinic and Abu Dhabi Health Services Company, a private entity that goes by the acronym SEHA. Mayo said it will invest proceeds from the venture into practice, education and research. SEHA operates a dozen government-owned hospitals across the Arabian Peninsula nation, of which Sheikh Shakhbout Medical City (SSMC) is the largest.
Much of Mayo's investment in the project consists of the knowledge and expertise it is sharing, and any revenue realized by Mayo in the joint venture will flow to the not-for-profit Mayo Clinic Foundation.
"We have a vision to create the fully integrated Mayo Clinic model of care with SEHA over the course of the next decade," Roshanak Didehban, chairwoman of practice administration at Mayo Clinic, said in an interview.
"We believe that being able to deliver on the full Mayo model of care, including the integrated practice and the expertise of all specialties, focused on the needs of the patient, is something that will take the next decade for us to create."
The new hospital campus in the United Arab Emirates is already a decade in the making. Mayo Clinic has been working with SEHA to open the new hospital campus under a development agreement, but the decision to formally enter a joint venture to operate it only happened after the two organizations grew comfortable with each other over time.