Royal Philips (NYSE:PHG) is reportedly opening a new Rochester, Minn. office, enabling closer collaboration with the Mayo Clinic.
The Amsterdam-based company plans to open an office in the recently opened Med City, the 89,000-square-foot One Discovery Square complex in Rochester, according to the Post Bulletin.
“We are looking for close collaboration and proximity to customers, partners, academic institutions and other leaders in the space, who can help us drive innovation in health technology,” Philips North America PR director Silvie Casanova told the newspaper. “As part of this strategy, Philips can confirm that we will be opening a new research space by the end of the year at One Discovery Square, in Rochester, Minn., enabling the Mayo Clinic and Philips to further secure collaboration and innovative research.”
Mayo Clinic CEO Dr. Gianrico Farrugia gifted a painting of One Discovery Square center to Philips’ CEO Frans van Houten as part of the new collaborations.
“Royal Philips and Mayo Clinic are joining forces to advance research in medical imaging technology aimed at improving imaging effectiveness and the experience for patients around the world,” Mayo media relations director Karl Oestreich told the paper. “This is another step toward making southeastern Minnesota a hub for biomedical activity.”
The land that One Discovery Square was built on is owned by Mayo Clinic and specific details of Philips’ plans for its new office have not been disclosed.
Philips and Mayo Clinic have a history of collaboration. Philips last year acquired population health management company VitalHealth, which was co-founded by Mayo Clinic. The company is also partnering with Rochester-based Ambient Clinical Analytics, a software form backed by Mayo Clinic.
