The hospital came in tenth on the list, while the Minnesota-based Mayo Clinic took the top spot.
"We are proud and excited to have been chosen by Newsweek magazine to appear on this prestigious list of elite hospitals around the globe," said the Director General of Sheba Medical Center Prof. Yitshak Kreiss in a statement posted on the hospital's website.
He continued, "Never resting on our laurels, we will continue pushing the boundaries to find cures and treatments that will not only benefit our patients in Israel but to also benefit mankind around the globe."
The report praised Sheba Medical Center for its work in medical science and biotechnical innovation.