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Sanford, U of M End Pursuit of Fairview Takeover

Sanford, U of M End Pursuit of Fairview Takeover

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.

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Many Questions Raised About Fairview/Sanford Merger

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.

Justice Dept. OK’s Ecolab’s $2.3B Champion Purchase

A deal reached between Ecolab and the U.S. Department of Justice requires Ecolab to sell Champion’s chemical-management services for deep-water oil and gas wells in the U.S. Gulf of Mexico—which comprise about 3 percent of its business.

Twin Citians Feel Safest in Poll of Major Cities

A Gallup poll found that 80 percent of adults living in the Minneapolis-St. Paul metro area feel safe walking alone at night; by contrast, 72 percent of residents in all 50 of the major metro areas studied reported feeling secure while taking a late night stroll.
HCMC Cancels Plans for $53M Minnetonka Clinic

HCMC Cancels Plans for $53M Minnetonka Clinic

The county hospital said that a reevaluation of its business plan, the projected growth in patient numbers, and the needs of the western suburbs were factors in its decision not to proceed with previously announced plans for the facility.

Petters Receiver Seeks More Bonus Money From Exec

Michael O’Shaughnessy allegedly received $670,000 in fees and bonuses from convicted Ponzi schemer Tom Petters, and court-appointed receiver Doug Kelley is trying to recover it so that it can be used to help repay victims of Petters’ fraud scheme.

MN Health Plan Profits Drop in 2012

An uptick in spending on medical claims among the state’s seven largest health insurers contributed to their smallest combined operating margin since 2008.
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