The Cleveland Clinic is launching its first medical center in the UK, with a reported price tag of £1 billion ($1.3 billion), the Financial Times reports.
The Financial Times reports that the Cleveland Clinic is launching its first medical center in the UK. The center, to be housed in an eight-story, 325,000-square-foot building overlooking Buckingham Palace in the Belgravia neighborhood, would be central London's first large-scale private hospital in four decades and the biggest private hospital in central London after the 206-bed Wellington, owned by HCA.
The Cleveland Clinic London will focus on cardiovascular, digestive, neurological, and orthopaedical care and aims to partner with the UK's National Health Service to cut waiting lists and help with the UK's post-Covid recovery plan, the FT reports.
The clinic's eight operating theaters will expand capacity in central London by 9 percent, while its 184 inpatient beds will add 14 percent to capacity, the FT reports. Its 29 intensive care beds would be a 28 percent increase over existing resources.
"In a flat market, those are big numbers," Ted Townsend, an analyst at healthcare consultancy LaingBuisson, told the FT. "It's a big question how they're going to fill their beds."