Cleveland Clinic and Mubadala Development to Create Cleveland Clinic Abu Dhabi

Cleveland Clinic and Mubadala Development to Create Cleveland Clinic Abu Dhabi
Abu Dhabi, Sept. 13th, 2006(WAM)--Cleveland Clinic (USA) and Mubadala Development of Abu Dhabi today signed an agreement to establish a preeminent world-class hospital in Abu Dhabi to be known as Cleveland Clinic Abu Dhabi.

This initiative is set to create a new benchmark for the development and promotion of healthcare services in the Middle East.

Under the terms of the 15-year agreement, Cleveland Clinic will establish, develop and operate a world class specialty hospital and clinic in Abu Dhabi, using the Cleveland Clinic systems, procedures, guidelines and standards.

The hospital will incorporate Cleveland Clinic's medical group model, providing a spectrum of specialty services that will be planned and developed based on the results of a program planning exercise.

The result of the agreement will therefore be an extension of Cleveland Clinic's model of medicine and clinical capabilities in Abu Dhabi.

Commenting on the agreement, General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces said: "Attracting the world's best healthcare institutions and professionals to Abu Dhabi is a key component of the government's health policy. This agreement represents another step in the realization of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE's vision to provide the people of the UAE with the best healthcare facilities in the world." The agreement between the two parties was signed at the Emirates Palace in Abu Dhabi, in the presence of General Sheikh Mohammed.

The two signatories were Khaldoon Khalifa Al Mubarak, CEO and Managing Director of Mubadala Development and Dr. Delos M. "Toby" Cosgrove, M.D., Chief Executive Officer of Cleveland Clinic.

The signing took place after a briefing on the new agreement and the initiative to senior government officials.

The site of the new hospital will be on Al Suwwa Island, located close to the Mina Zayed Port, and across from Abu Dhabi Mall. It is scheduled to be operational in three years.

Present at the briefing were representatives of the board of Cleveland Clinic together with senior representatives of the hospital's medical staff and administration. The briefing was attended by Federal Ministers, members of Abu Dhabi's Executive Council, senior representatives of the General Authority for Health Services and senior representatives of the Abu Dhabi private healthcare sector.

"We are thrilled to be partnering with Mubadala Development and Abu Dhabi to advance the delivery of health care to the citizens in the region," said Dr. Cosgrove. The Cleveland Clinic has a longstanding history of excellence in clinical care, research, and education. We are truly proud to be a part of this unique and exciting opportunity and to continue our longstanding relationship in the Middle East" Khaldoon Al Mubarak stated that "this is the first deal of its kind, and as such it creates a sustainable benchmark, that not only fast tracks healthcare for the people of Abu Dhabi and the UAE, but also for the region as a whole. Cleveland Clinic's involvement in this venture ensures the ongoing provision of quality healthcare services, cutting edge technology and continuous medical education." An extensive program planning exercise is currently under way, that will determine the exact national and regional requirements for the Cleveland Clinic Abu Dhabi. Government representatives were informed that when complete (Early 2007) the study will identify the specialties, associated facilities and capacities that the hospital will include.

Cleveland Clinic, located in Cleveland, Ohio, is a not-for-profit multispecialty academic medical center that integrates clinical and hospital care with research and education. Cleveland Clinic was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation.

U.S. News & World Report consistently names Cleveland Clinic as one of the nation's best hospitals in its annual "America's Best Hospitals" survey.

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