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Cleveland Clinic and Mubadala Healthcare Name CEO of Cleveland Clinic Abu Dhabi
Date:1/26/2009

Andrew Fishleder, M.D. Has a Thirty-Year History With Cleveland Clinic

CLEVELAND and ABU DHABI, United Arab Emirates, Jan. 26 /PRNewswire/ -- Cleveland Clinic (USA) and Mubadala Healthcare (Abu Dhabi) have appointed Andrew Fishleder, M.D. to hold the position of Chief Executive Officer of Cleveland Clinic Abu Dhabi.

Scheduled to open in 2012, the 360-bed multi-specialty hospital will be a unique and unparalleled extension of the Cleveland Clinic model. The hospital is a vital part of Mubadala Healthcare's strategy to build an integrated healthcare delivery network.

Dr. Fishleder assumed responsibility for the overall operations of Cleveland Clinic Abu Dhabi on January 1, 2009. As construction is currently underway, he is focusing on the implementation of the systems, procedures, guidelines and standards for the hospital as an extension of Cleveland Clinic's model of medicine and clinical capabilities in the Middle East.

"I am truly honored to have the opportunity to lead Cleveland Clinic's expansion in the Middle East and to partner with the dedicated leadership of Mubadala Healthcare," Dr. Fishleder said. "I am confident that my years of experience as a physician executive at Cleveland Clinic and collaborative leadership style will allow me to contribute to the success of this exciting project."

Dr. Fishleder was instrumental in the development of Cleveland Clinic's Education Institute, which he recently led as its Chairman. In addition, Dr. Fishleder served as Executive Dean of the Cleveland Clinic Lerner College of Medicine of Case Western Reserve University. Beginning his medical career as a pathologist at Cleveland Clinic in 1978, he has held various leadership and executive positions, and serves as a member of the Cleveland Clinic's Board of Governors and has been a member of the institution's Medical Executive Committee since 1991.

"Over the last 30 years, Dr. Fishleder has been an integral part of the success and expansion of Cleveland Clinic," said Delos M. "Toby" Cosgrove, M.D., CEO and President of Cleveland Clinic. "We are very confident that Dr. Fishleder's proven leadership and vision will continue the Cleveland Clinic and Mubadala Development's mission to deliver the highest quality healthcare to the Middle East region."

"We are delighted to welcome Dr. Fishleder," said Mubadala Healthcare's Executive Director, Mark Erhart. "His leadership and specific expertise will ensure that Cleveland Clinic Abu Dhabi provides the highest international standards of care and superior clinical outcomes for patients in Abu Dhabi and the UAE."

In addition to Dr. Fishleder's appointment, Cleveland Clinic and Mubadala Healthcare are excited to announce Rob Lorenz, M.D. as Chief Medical Officer at Cleveland Clinic Abu Dhabi. Most recently, Dr. Lorenz was the Section Head of Head and Neck Surgery in the Head and Neck Institute at Cleveland Clinic (US).

Notes to Editors

About Cleveland Clinic Abu Dhabi

In September 2006, Mubadala signed an agreement with pioneering American healthcare institution, Cleveland Clinic, to establish and operate a preeminent hospital in Abu Dhabi. The 360-bed multi-specialty hospital, known as Cleveland Clinic Abu Dhabi (CCAD), will be a unique and unparalleled extension of the Cleveland Clinic model. CCAD is due to open 2012 with the objective of bringing world-class healthcare to the region.

CCAD will offer advanced tertiary/quaternary medical services in a comprehensive range of specialties and subspecialties. An integrated hospital and clinical practice model will serve local and international patients in an environment combining 'seven star' amenities and service standards with the highest quality medical care and superior patient outcomes.

About Cleveland Clinic

Cleveland Clinic, located in Cleveland, Ohio, is a not-for-profit multispecialty academic medical center that integrates clinical and hospital care with research and education. Cleveland Clinic was founded in 1921 by four renowned physicians with a vision of providing outstanding patient care based upon the principles of cooperation, compassion and innovation. U.S. News & World Report consistently names Cleveland Clinic as one of the nation's best hospitals in its annual "America's Best Hospitals" survey. Approximately 1,500 full-time salaried physicians at Cleveland Clinic and Cleveland Clinic Florida represent more than 100 medical specialties and subspecialties. In 2005, there were 2.9 million outpatient visits to Cleveland Clinic. Patients came for treatment from every state and from more than 80 countries. There were nearly 54,000 hospital admissions to Cleveland Clinic in 2005. Cleveland Clinic's Web site address is www.clevelandclinic.org.

About Mubadala Development Company

Mubadala Development Company (Mubadala) is a Public Joint Stock Company headquartered in Abu Dhabi, capital of the United Arab Emirates. Its focus is on developing and managing an extensive and economically diverse portfolio of commercial initiatives. It does this either independently or in partnership with leading international organizations. Mubadala's commercial strategy is fundamentally built on long-term capital-intensive investments that deliver strong financial returns.

The company manages a multi-billion dollar portfolio of local, regional, and international investments, projects and initiatives. Through its investment and development projects, Mubadala is both a catalyst for, and a reflection of, the drive for economic diversification of the Emirate of Abu Dhabi. Its impact is evident domestically and internationally in sectors such as energy, aerospace, real estate, healthcare, technology, infrastructure, and services.

Mubadala's sole shareholder is the Government of the Emirate of Abu Dhabi.

For more information about Mubadala, its partnerships and activities please visit www.mubadala.ae

About Mubadala Healthcare:

Mubadala Healthcare is a division of Mubadala Development Company. It is specifically dedicated to creating a robust private healthcare infrastructure for Abu Dhabi and the region.

The division is dedicated to investing in patient care delivery and ancillary services, biotechnology, pharmaceuticals, and medical equipment and device manufacturing.

Mubadala's healthcare services strategy is designed around the needs of the patient with an absolute commitment to quality. It aims to provide the highest international standards of care and superior clinical outcomes, thereby avoiding the need for UAE patients to travel abroad for medical treatment.

Working with best-in-class clinical operating partners from around the world, Mubadala Healthcare is actively investing in carefully chosen projects in order to achieve this objective.

Together, the projects will form a vertically integrated healthcare delivery network, supported by state-of-the-art IT systems and medical technologies to provide a seamless and high quality patient experience.

As well as improved healthcare, wellbeing and productivity, this new healthcare infrastructure will also bring sound financial returns and encompass further economic diversification and job opportunities for the Emirate's people.


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SOURCE Cleveland Clinic
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