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Farrugia: Mayo on $1 billion path to DMC

Gianrico Farrugia, Mayo Clinic CEO
Farrugia

Dr. Gianrico Farrugia said Mayo Clinic is on a path to invest more than $1 billion in Rochester facilities by 2021.

"I want to assure you, Mayo Clinic’s commitment to Rochester, the state of Minnesota and the DMC is incredibly strong," the new Mayo Clinic CEO told the Destination Medical Center Corp. board on Tuesday.

He said that future investment includes Destination Medical Center-related projects, new technology and continuing improvements to existing infrastructure.

Current projects include the $190 million Gonda expansion, $190 million in expansion and investment at the Saint Marys Hospital campus, $4.5 million in investment at a tissue warehouse and $26 million in the Mary Brigh Building.

Farrugia said it’s all part of Mayo Clinic’s commitment to achieving the DMC vision.

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As CEO of Mayo Clinic Florida since 2015, he said he has a unique insight into DMC’s current status.

"Being away from Rochester for those four years was really helpful for me," he said, noting he was a longtime Mayo employee in Rochester before moving to Florida. "It really helped me get a good and new perspective of how much has been accomplished here in the past five years."

He said it also helps him see what is left to be done, noting it will take combined efforts.

"We are united in our goal to serve patients and make sure they have a world-class experience both inside, that is at Mayo Clinic, but also within our community," he said.

DMC Corp. Chairman R.T. Rybak said the commitment was appreciated.

"We all wanted to make sure we heard that point," he said.

As the DMC initiative approaches it’s five-year mark, the development plan must be updated in the coming year, which could be shaped in part by Mayo Clinic’s support for current efforts and its continued progress toward contributing to the 20-year goal of at least $5 billion in private investment.

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