Minnesota Commerce Commissioner Mike Rothman announced Wednesday the $14 million settlement with Prudential that pertains to unclaimed death benefits.
Health Care + Med Tech
The Edina hospital hopes to raise $15 million by the end of 2014 to help fund the $39 million expansion of its emergency center.
The company said its Antimicrobial Fruit and Vegetable Treatment product can kill 99.9 percent of salmonella, listeria, and E. coli found in produce wash water.
The agreement, which the University of Minnesota’s board of regents will vote on Friday, aims to enhance the relationship between Fairview Health Services, the U of M, and University of Minnesota Physicians, while also improving patient care, education, and research.
Amid an insider-trading probe, federal prosecutors reportedly subpoenaed Cardiovascular Systems; there have been no allegations of wrongdoing.
The buyer, Haemonetics Corporation, will pay up to $17 million more later on in conjunction with additional FDA approvals and sales related to St. Paul-based Hemerus Medical’s SOLX system.
Anytime Fitness co-founder Chuck Runyon says the chain is just the beginning.
Shirley Weis is credited with transforming Mayo Clinic during her tenure as chief administrative officer, a role in which she oversees virtually all of the organization’s business operations.
While Mayo Clinic’s request for expansion funding is being considered at the Capitol, 38 percent of Minnesota business leaders said in a recent poll that they support state funding for the project.
Sanford Health’s CEO said the company has a policy of “only going where we are invited,” and the University of Minnesota and Fairview have opted to strengthen their existing relationship rather than pursue a new one involving an ownership transfer.
A day after Attorney General Lori Swanson pressed for information at a hearing at the state Capitol, state lawmakers reportedly introduced bills that would place a moratorium on the sale of University of Minnesota hospitals to an out-of-state company.
David Kaysen, president and CEO of Minnetonka-based Uroplasty, stepped down from his roles on April 5.
An uptick in spending on medical claims among the state’s seven largest health insurers contributed to their smallest combined operating margin since 2008.
Medica will use payment technology designed by a local tech company to provide its members discounts on healthy food from a variety of local grocery stores.
Fairview Health Services is in discussions about being taken over by South Dakota-based Sanford Health; Attorney General Lori Swanson has concerns and is holding public hearings on the issue.
Commercials feature three real-life “before” people talking to their “after.”
One in five Minnesotans is expected to use the new online marketplace, called MNsure, according to the governor’s office, but some groups are concerned about its control and financing structure.
Some of the company’s products that are used in catheterization procedures have been recalled because of a potential for air leakage, which could lead to an obstructed artery and result in serious injury or death.