PHOENIX – The Mayo Clinic bought 228 acres around its north Phoenix campus on Wednesday to aid bold growth options.
“Leading in the transformation of health care on behalf of people almost everywhere is central to Mayo Clinic’s strategy,” Dr. Gianrico Farrugia, Mayo Clinic CEO, mentioned in a press release.
“We imagine the acquisition of this land is 1 of these alternatives, providing us a new canvas to co-generate with innovators in science and biotechnology.”
The $139 million obtain was made via public auction from the Arizona Point out Land Division, in accordance to the release.
The parcel wraps all-around the north and east sides of the medical center and neighboring Arizona Point out College Well being Futures Heart concerning 56th and 64th streets and south of the Loop 101 Pima Freeway.
“Mayo Clinic will use a portion of the land for continued enlargement of our Phoenix campus and our client-centered model of care,” Dr. Richard Gray, CEO for Mayo Clinic in Arizona, stated in the launch.
The enlargement strategies also include things like “Discovery Oasis,” a biotechnology corridor to share with collaborators in the subject.
“Discovery Oasis will be fertile ground in the desert, in which new concepts can shift swiftly from science to client-care methods to biomanufacturing and broad software,” Grey mentioned.
The Phoenix Mayo Clinic was No. 41 throughout the world and No. 12 nationally in Newsweek’s 2021 healthcare facility rankings.