China collaboration with Hillhouse Capital strengthens Mayo Clinic’s mission to improve health care worldwide
Today, Mayo Clinic announced it has entered into a joint venture agreement with Hillhouse Capital to advance the quality of health care in China. By combining Mayo Clinic’s patient care, medical research and education with Hillhouse’s China expertise and healthcare industry partnerships, the collaboration establishes a new company to improve health care delivery and efficiency in China.
“We are excited to collaborate with Hillhouse to provide Mayo Clinic knowledge and guidance to improve the quality of health care to the people of China,” said Paul Limburg, M.D., Medical Director, Mayo Clinic Global Business Solutions. “Our collaboration with Hillhouse extends Mayo Clinic’s reach and is at the core of Mayo Clinic’s mission to inspire hope and healing to people everywhere.”
The new venture benefits from recent policy changes by Chinese regulators to encourage private investment in health care. Mayo Clinic and Hillhouse believe that this collaboration presents a unique opportunity to leverage Mayo Clinic’s valuable capabilities in medical technology and management and Hillhouse’s strong in-country knowledge to deliver high-quality health care services to Chinese healthcare providers and patients.