More than half of its profits were attributable to Optum, its fast-growing health services business.
The company's board cited volatility and increased competition in the health care market.
The buyer, Cardinal Health, will receive ownership of medical products used in “nearly every U.S. hospital.”
But Minnesota fails to move up on ranking of states with the safest hospitals.
Mayo-backed viral oncology firm graduating from clinic’s biz incubator.
Timing to take advantage of pending FDA ban on partially hydrogenated oils.
Grant money will also be used to prevent certain infections, subsequently cutting the number of emergency room visits made to Minnesota hospitals.
The new location will offer primary care as well as several specialty and integrative health care services.
The health care nonprofit will take over the remaining space in Mayo Clinic Square.