Rochester, Minn.-based Mayo Clinic and Abu Dhabi Health Services Company have partnered to open and operate a 741-licensed bed hospital in the United Arab Emirates.
The two organizations, through a for-profit joint venture, will work to make Sheikh Shakhbout Medical City the premier destination for patients needing serious or complex care.
The medical campus, which is slated to open early next year, spans more than 3.2 million square feet and will staff 2,240 caregivers, including 440 internationally trained physicians.
As part of the agreement, Mayo Clinic will become a shareholder in the operating company. It said it will invest proceeds into clinical, education and research improvements.
Financial details of the deal were not disclosed.
The Abu Dhabi Health Services Company operates a dozen government-owned hospitals in the United Arab Emirates, of which Sheikh Shakhbout Medical City would be the largest.