Kirk Nielsen, who will serve as the sole investment professional in Versant Ventures’ local office, said his firm believes that the Twin Cities constitute “a great place to build companies, and our opening of an office there is a sign of our long-term commitment to the region.”
Banking + Finance
An amended lawsuit includes additional allegations that Accretive Health violated consumer protection and privacy laws, and it includes a long list of sworn statements from hospital patients.
Maplewood-based 3M said the acquisition of Federal Signal Technologies Group will expand its traffic products business.
G. Mike Mikan said at the company’s annual meeting that Best Buy aims to curb the practice of “showrooming,” provide better customer experience, reduce its retail footprint, and focus on return on investments.
A subsidiary of Minnetonka-based UnitedHealth Group will open a new call center in Colorado this month.
Regis’ 80 million-euro deal to sell its stake in a European company has declined in value as the euro has weakened in comparison to the dollar.
Bob Walker, who was charged in December with one count of conspiracy to commit securities fraud, now faces a total of 20 charges. Walker will plead not guilty next week, according to his attorney.
After his retirement, Al Annexstad—who also served as CEO for 10 years—will continue to serve as a member of the company’s board of directors.
Some analysts are speculating that the two Minnesota-based companies, whose share prices have dropped dramatically, could be the targets of leveraged buyouts.
The companies have worked closely for the past four years; both focus on therapies for diseases of the central nervous system, including Parkinson’s disease, epilepsy, and Alzheimer’s disease.
The St. Louis Park-based restaurant chain said that the capital will “help to accelerate our growth going forward.”
The middle-market investment firm separately announced that it has acquired Boothwyn, Pennsylvania-based health care company Pentech Holdings, Inc.
Jason Beckman, Gerald Durand, and Patrick Kiley were found guilty of a long list of charges pertaining to their roles in soliciting investors for Trevor Cook’s fraudulent currency trading scheme.
An upcoming Supreme Court ruling could strike down the 2010 health care reform law—but UnitedHealth Group has pledged to continue to offer some of the law’s provisions regardless of the ruling.
Minnesota will benefit from a multi-state, $1.6 million settlement to be paid by the Georgia-based provider of supplemental insurance.
HomeServices of America recently purchased a business in Missouri after making acquisitions in Oregon, Washington, and Connecticut earlier this year.
Former M&I Bank executive Jeanne Crain will serve as president and CEO of the Twin Cities region beginning June 18.
Shoreview-based Deluxe expects the deal to be “slightly dilutive” to earnings per share for the remainder of the year but to boost 2012 revenue by about $15 million.