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Mayo Clinic

House Taxes chair has strong reservations about Mayo Clinic plan

House Taxes chair has strong reservations about Mayo Clinic plan

The chair of a key legislative committee says supporters of a plan that relies on more than $500 million to help the Mayo Clinic expand in Rochester should go back to the drawing table. In a hearing Tuesday, House Taxes Committee chair Ann Lenczewski said she has deep concerns about the plan's financing.
by Tom Scheck

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How does Mayo stack up against its competitors?

How does Mayo stack up against its competitors?

Minnesota's Mayo Clinic wants to secure its position as a leader in the health care industry, and has proposed a $5 billion expansion plan to accomplish that goal. But Mayo faces competition from several well-funded global medical centers, and that's part of the reason the clinic says it needs to build for the future.
by Elizabeth Baier

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Mayo reports solid 2012 despite income drop

Mayo reports solid 2012 despite income drop

Rochester-based Mayo Clinic reports a large decline in its bottom line last year, but officials are still calling the results a solid financial performance. Clinic officials say the drop in income was by design, but is also due in part to a large payment to its pension plan.
by Elizabeth Baier

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Mayo, a financial powerhouse, is poised to propel expansion

Mayo, a financial powerhouse, is poised to propel expansion

Mayo Clinic wants to invest billions of dollars of its own money in a project aimed at bolstering the medical center's position as a world destination for health care. The clinic is now trying to line up state subsidies and private investors to round out financing for what would be a grand expansion. But does Mayo itself have the money needed to pull off such a huge project?
by Martin Moylan

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Mayo's expansion may create jobs, but how many?

Mayo's expansion may create jobs, but how many?

The Mayo Clinic said its planned expansion will create about 35,000 jobs in Minnesota; 10,000 to 15,000 of those jobs would involve direct employment at Mayo. Some experts are skeptical of the job projections.
by Annie Baxter

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Some DFL lawmakers say Mayo Clinic finance plan is a bad idea

Some DFL lawmakers say Mayo Clinic finance plan is a bad idea

Some state lawmakers say questions the wisdom of financing public improvements around the Mayo Clinic's proposed expansion in Rochester. The health care provider announced a plan this week for investments totaling more than $5 billion over the next two decades that rely on about a half a billion dollars in taxpayer money. Even Gov. Mark Dayton expressed concern about the precedent it would set, but he said he doesn't want Minnesota to lose the clinic's headquarters.
by Tom Scheck

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