Sheba Medical Center in Tel Hashomer is partnering with local municipalities to create Health Tech Valley – a health and tech hub that will include employment centers, housing, academia, and more on Sheba’s campus, it said Thursday in a press release.
The 110,000-square-meter campus is the joint collaboration of Sheba Medical Center’s ARC Digital Innovation Center, the City of Ramat Gan, Bar-Ilan University, and Migdal Insurance. Microsoft is the leading technology partner. The Mayo Clinic in Minnesota and Thomas Jefferson University in Philadelphia are among the project’s international partners.
“We see this as the City of Health,” Prof. Eyal Zimlichman, Sheba Medical Center’s chief innovation and transformation officer and founder and director of its ARC Digital Innovation Center, was quoted as saying. The project is an engine of growth for Israel’s economy that will offer local employment and bring in foreign investment and companies, he said.
“It’s not just about working with the leading technologies that will reshape healthcare around the world,” Zimlichman said. “It’s also about creating this local community and turning it into a very health-oriented environment.”
Plans for the new center
The center is to be home to start-ups and companies from multiple industries, including biotech, AI, drug development, agriculture, and more, said a spokesperson for the project. Alongside housing and employment, plans for the center include schools and old-age homes in the vicinity.
“The global research and knowledge center will bring an international standard of quality and innovation, creating significant and unique projects in the fields of medicine and science – all right here in Ramat Gan,” Ramat Gan Mayor Carmel Shama-Hacohen said.
Construction began at the end of April and is expected to conclude by the end of 2026.