North American healthcare leaders look to Ireland to co-develop future healthcare solutions.
Enterprise Ireland hosts 15 leading and world-renowned healthcare providers from the USA and Canada at the inaugural North America Healthcare Forum this week in the Aviva Stadium in Dublin, at which industry leaders will meet with over 100 Irish companies operating in the healthcare solutions sector. The forum provides Irish companies a unique opportunity to learn from key decision makers at the highest level of US and Canadian healthcare and further position Ireland as a world-class source of innovative healthcare solutions.
At the North America Healthcare Forum, three companies supported by Enterprise Ireland – Kite Medical, Meditec Medical and RelateCare – announced major new deals with Northwell Health (New York) and Lahey Hospital Medical Center (Massachusetts) with a cumulative value of over $580,000.
The North American healthcare executives representing influential healthcare groups including Cleveland Clinic, Northwell Heath, Adventist Health System Florida, Partners Healthcare and Lahey Hospital & Medical Centre, will share their insights on the key issues and critical success factors in the region during the conference. In turn, Irish attendees will have one-to-one access to clinicians and key decision makers in major health networks, which will provide valuable insights on the products and services that may be required in the North American market in the future.
With the US projected to spend $3.5 trillion on healthcare in 2018 and Canada spending $242 billion in 2017, the North American market is a hugely important export market for Irish healthcare companies. Within the life sciences cluster, Enterprise Ireland has over 200 exporting client companies, employing over 9,000 people with combined exports of over €1.7 billion.
Officiating at the conference today, Minister for Business, Enterprise and Innovation Heather Humphreys TD said: “The North America Healthcare Forum further confirms Ireland’s status as a global leader in healthcare. Ongoing collaboration and engagement with some of the world’s foremost healthcare providers gives Irish companies the opportunity to drive exports and employment and also to contribute to the health of the patient populations around the world. The Government, through Enterprise Ireland, will continue to grow this collaboration for the benefit of all parties.”
Northwell Health and Enterprise Ireland partnership
Keynote speaker at the event Michael Dowling, President, and CEO, Northwell Health will provide oversight of the strategic partnership in place with Enterprise Ireland. This enables Enterprise Ireland clients the opportunity to work with Northwell Health to develop and commercialize new medical technologies, secure joint ventures and provide platforms to integrate with US healthcare companies.
Northwell Health is one of the leading healthcare providers on the east coast of the US, comprising 21 hospitals, 61,000 employees and nearly 14,000 affiliated physicians, providing healthcare to over 4 million people.
“Through our partnership with Enterprise Ireland, we have been able to pursue relationships with innovative Irish companies such as Salaso, Technopath, and i360, and we’re now exploring a relationship with Kite Meditec and Meditec Medical,” said Michael Dowling, President and CEO, Northwell Health. “What makes these collaborations especially fruitful is that we’ll be able to commercialize these medical technologies to enhance the capabilities of other American healthcare providers. Ireland is a world-class source of innovative healthcare solutions and this event is of extreme importance to both stakeholders. It provides a platform to vocalize the challenges within the North American healthcare system with a view to working with Irish healthcare companies to identify future solutions.”
Pat Breen TD, Minister for Trade, Employment, Business, EU Digital Single Market and Data Protection, who opened the conference, said: “It is of huge significance that Enterprise Ireland has been able to secure the attendance of such a prestigious group of senior executives from North America. This is an endorsement not just of the work that Enterprise Ireland has done but also of the progressive measures the Irish Government has taken to support and encourage the life sciences sector. The partnerships already secured between cutting-edge healthcare providers and Irish healthcare solution companies have brought about significant mutual benefits and I would encourage all who have traveled here today to continue this process of relationship building.”
Deirdre Glenn, Director, Life sciences sector, Enterprise Ireland said: “Through our expertise and overseas network, Enterprise Ireland is identifying opportunities for client companies in North America. Our focus is also to work with companies to drive their innovation and competitiveness and create companies of scale at an international level. Innovation is a key differentiator in achieving competitive advantage in North America. There are many great examples of Irish companies, such as those attending today who are competing and winning against global competition, through innovation and this fact is acknowledged in the caliber of the North American healthcare delegates attending the conference. Having world-class healthcare providers such as Northwell, the Lahey Hospital and Medical Centre enter into strategic partnerships with Irish companies is a great endorsement of what Ireland has to offer in healthcare provision and medical technology worldwide and we will continue to work to support our clients to further build on these relationships. Building on this, we have today announced that Enterprise Ireland has agreed on a strategic partnership with the Adventist Health System Florida.”