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Mayo Clinic

Legislators balk at $500M request from Mayo to aid expansion

Legislators balk at $500M request from Mayo to aid expansion

When Minnesota lawmakers return to the state Capitol on Tuesday to focus on a two-year budget, they will also weigh whether to approve the Mayo Clinic's request for $500 million to support its $3 billion expansion plan. Lawmakers say they want to help the hospital and clinic system grow, but some have concerns about the size of its funding request and the overall financing plan.
by Tom Scheck

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Mayo's Saint Marys Hospital a priority for expansion

Mayo's Saint Marys Hospital a priority for expansion

The Mayo Clinic is pledging to spend $3 billion over the next 20 years to expand in Rochester, and asks that the state of Minnesota contribute half a billion dollars to pay for infrastructure needs associated with that growth. Lawmakers have not decided whether the state should support the plan but a lot of people are talking about how Mayo might continue to expand its footprint in Rochester.
by Elizabeth Baier

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At Mayo, a bonanza of medical records is set to grow even larger

At Mayo, a bonanza of medical records is set to grow even larger

Since 1966, the Mayo Clinic has collected as many medical records as possible in Minnesota's Olmsted County to generate powerful studies that help save lives. The Rochester Epidemiology Project, with nearly 600,000 medical records, has provided groundbreaking information on a variety of conditions. The project is expanding to other counties, which will help researchers broaden its database.
by Lorna Benson

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Maps: City of Rochester expansion plans

How the city of Rochester, Minn., is planning for expansion over the next several years.

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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 vs. Vikings stadium: state aid requests compared

Mayo vs. Vikings stadium: state aid requests compared

The Mayo Clinic's request for taxpayer help to become what it calls a Destination Medical Center is drawing comparisons to the Vikings' bid for a new football stadium.
by Tim Nelson

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