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Launched in 2014 by journalist Sean Baker, Med City Beat is an independent news source covering government, business and culture in Rochester, Minnesota.

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Nation's best hospital going into business with world's most prestigious university

Nation's best hospital going into business with world's most prestigious university

Mayo Clinic will partner with Oxford as part of a newly-revealed collaboration that aims to combine the strengths of two of the world's most respected names in medical research.

On Tuesday, Mayo Clinic announced it has signed an agreement with the University of Oxford and Oxford University Hospitals NHS Foundation Trust to work together on finding advances in medical research, education and the delivery of patient care.

As part of the deal, Mayo and Oxford will share space in London under an independent business subsidiary. The new clinic is scheduled to open in early 2019.

According to a Mayo news release, "potential areas for collaboration include research projects, educational interactions and endeavors, practice pilots to focus on leading improvements in quality, integration and outcomes delivered, and the exchange of resources to support research, practice and educational activities."

Surpluses generated from the collaboration, the release says, will be go back toward funding research and educational initiatives.

“This transatlantic partnership will bring together leading researchers and clinicians from around the world,” said Dr. Bruno Holthof, CEO of Oxford University Hospitals. “Together we will be able to attract more talent and funding in order to create better health outcomes for our patients.”

Oxford's Medical Sciences Division consists of 5,500 academics, researchers, physicians and administrative staff, along with more than 3,000 undergraduate and graduate students.

The Oxford University Hospitals NHS Foundation Trust employs more than 11,000 workers at four hospitals, and is one of the largest providers of specialized services in England.

Mayo Clinic's three-shield model combines patient care, education and care. Each year it serves more than 1.3 million patients, and invests more than $500 million in clinical research.

Cover photo: University of Oxford library / Creative Commons

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