The organization’s 2025 results position it to reinvest in its mission while advancing enterprise expansion and major campus initiatives. | Photo Credit: Cleveland Clinic
What You Need to Know
- Cleveland Clinic said its 2025 performance enabled reinvestment across its mission, including multiple facility and campus-growth projects.
- The health system reported progress on several Ohio capital projects, including completed updates to Cole Eye, enclosure of the Neurological Building with first patients expected in January 2027, and near-term completion of construction on the Innovation District.
- Outside Ohio, Cleveland Clinic cited a move to a larger facility in Canada in November and continued construction of a new London cancer center with patient care expected to begin at the end of 2027.
- CEO and President Tom Mihaljevic tied growth plans to the system’s strategy to expand access and sustain the organization as care demand rises.
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CLEVELAND — Cleveland Clinic used its 2026 State of the Clinic address to highlight construction and facility investments underway across its footprint, describing a pipeline of projects intended to expand capacity and support long-term growth.
CEO and President Tom Mihaljevic, M.D., said the organization’s 2025 results position it to reinvest in its mission while advancing enterprise expansion and major campus initiatives.
During the annual address, Cleveland Clinic reported nearly 16 million patient encounters and $18 billion in operating revenue in 2025, with an operating margin exceeding 4%, according to a Cleveland Clinic newsroom release.
In the facilities arena, the organization pointed to multiple projects tied to strategy and enterprise growth. “Serving more patients in more places is what sustains Cleveland Clinic,” Mihaljevic said.
In Ohio, Cleveland Clinic said “updates to Cole Eye are complete thanks to a transformative gift, setting the new standard for eye care and research.”
The system also provided a construction update on a new inpatient tower, announcing that the Neurological Building is now fully enclosed, with the first patient expected in January 2027.
Cleveland Clinic said construction on its Innovation District will be completed in the first quarter, positioning the organization “at the forefront of scientific discovery.”
As part of a broader Main Campus master plan, the health system said it remains committed to increasing capacity for critical care, including pursuing Level One Trauma Center designation for adults and children.
Cleveland Clinic also highlighted facility moves and builds outside Ohio. In Canada, the organization said Cleveland Clinic Canada will mark 20 years of operations and plans to move to a larger facility in November.
In London, Cleveland Clinic said construction is progressing on a new cancer center, with patient care expected to begin at the end of 2027.
Mihaljevic said the system will continue expanding across “regions, markets and specialties,” framing growth as central to sustaining the mission and expanding access, according to a Cleveland Clinic newsroom release.
This article is based on reporting originally published by Cleveland Clinic Newsroom on Jan. 26, 2026.