A new report suggests that the economic upturn either hasn't produced jobs that would offer employer-based insurance or coverage gains associated with new jobs have been offset by coverage losses at other companies.
Health Care + Med Tech
Eden Prairie-based Osprey Medical hopes to raise approximately $21.2 million through an initial public offering launched Thursday and expects to start trading on the Australian Securities Exchange by mid-April.
The Rochester-based clinic has been granted $2.5 million to find out if a compound derived from snake venom can be useful to heart attack patients.
O'Neal Hampton, a former Biggest Loser contestant who shed 170 pounds, is launching a foundation in Bloomington to spread the gospel of healthy lifestyles by connecting obese people with experienced nutritionists, among other services.
Bill Hawkins, who served as CEO of Medtronic from 2007 to 2011, has been tapped as the chairman of a new public-private partnership that aims to establish a regulatory science center in Minnesota.
UnitedHealthcare has agreed to acquire two Florida based companies-deals that will add about 85,000 Medicare Advantage members and 12,200 Medicaid members from across Florida to the company's fold, along with eight primary care centers in the state.
The grant comes at a time when an important deadline is looming; by January 1, 2013, each state must demonstrate that its own health insurance exchange will work.
G&K expects its CEO, who is taking a temporary medical leave, to "recover fully within four to six weeks" and "completely resume his normal duties upon his return."
Allina Hospitals & Clinics will soon be known as Allina Health, a name that reflects its focus on keeping patients healthy and out of the hospital.
According to MedCity News, the promising St. Louis Park-based company was marketing its technology to drug companies and had inked licensing deals with pharma giants like Novartis.
A new agreement reportedly calls for medical device companies to pay $595 million in fees over five years, and for the FDA to add more than 200 people to its approval processes-which industry representatives have criticized as being too slow.
Interrad Medical's catheter securing system attracts $10 million in funding.
Minnesota's health care start-ups led their Midwestern neighbors in attracting venture capital by raising $223.2 million last year, according to a report by Cleveland-based BioEnterprise.
Kenneth Burdick will take the helm in mid-February; he most recently served as senior vice president of Coventry Health Care and CEO of its Medicaid and behavioral health businesses; but Burdick reportedly spent 14 years at Minnetonka-based UnitedHealth Group.
The Minnetonka-based company said it is partnering with three companies that offer health related mobile technologies-CareSpeak Communications, Fitbit, and Lose It!
Chuck Runyon's new book acknowledges that "working out may suck," but it cites alternatives like heart disease, diabetes, and less sex as much worse.
Prime Therapeutics plans to add 300 information technology and business analyst jobs as it expands into the former home of Buffets, Inc., in Eagan.
An expanding client roster has helped RedBrick Health boost the number of people who receive its health and wellness services by 100 percent during the past six months.