The Cleveland Clinic has hired a London architectural firm to plan hundreds of millions of dollars’ worth of building projects that would push the health system’s main campus to its boundaries over the next two decades, according to the Cleveland Plain Dealer.
CEO Dr. Delos “Toby” Cosgrove said the Clinic has hired Foster + Partners in London to run a four-month process to produce a 20-year master building plan, the Plain Dealer reported. Cosgrove said the results of the process would be announced in late summer.
The Clinic already is planning two buildings at its main campus — a new neurological institute and another cancer treatment building — which could lead to new hiring, the Plain Dealer said. The Clinic now employs 25,000 of its 40,000 Northeast Ohio workers at its 168-acre campus in Cleveland.
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In December, Cleveland’s largest employer said it would hire 1,800 workers — from doctors to support staff — in 2009.
Not only could the new buildings add employees, they could add patients. Cosgrove said the number of cancer patients has increased more than two times since 2000 when the Clinic completed the Taussig Cancer Center, the Plain Dealer reported.
The Clinic hasn’t decided on sizes for the two new buildings yet, but it’s already looking for architectural firms to build them, Cosgrove told the newspaper.
In February, Cosgrove told employees during his State of the Clinic address that their institution would spend an “all-time high” of $848 million on capital investments in 2010, according to the Plain Dealer. That planned investment — up from $300 million spent in 2008 — was to go for projects such as renovating six buildings on its main campus, expanding Huron Hospital and developing a government-owned hospital being built in Abu Dhabi, which the Clinic will staff and manage.
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“We’re moving as fast as fiscally responsible,” Cosgrove said during his annual presentation to employees, the Plain Dealer reported.
Over the years, the Clinic has taken — and created — opportunities to buy land contiguous to its main campus. In October, it paid $13 million for the Cleveland Play House, adding 11 acres to the west end of its Cleveland campus, which now extends more than 20 blocks — almost a mile — along Euclid Avenue.
It’s also expanded throughout Northeast Ohio. In November, the Clinic broke ground on a $96 million, 190,000-square-foot health and surgery center in Twinsburg.
The Clinic has the financial wherewithal to expand. Last year, its revenue rose 8 percent to $5.57 billion, according to its annual report. Most of that — 91 percent or about $5.1 billion — came from patients. Only about 1 percent, or $55.7 million, came from philanthropic giving.
In 2009, the Clinic had operating income of $385 million. Of that, about $25 million came from philanthropy.
