February 29th, 2012

Mayo will spend $3.5B in capital improvements

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The Mayo Clinic reported a robust uptick in earnings and plans to spend billions on capital projects over the next five years, reported the St. Paul Pioneer Press. The Rochester, Minn.-based healthcare and research giant, which operates in five states, reported revenues of just under $8.5 billion in 2011, up about 7 percent from the $7.94 billion reported in 2010. It hired 2,000 new employees, a workforce increase of about 4 percent.

Fierce HealthFinance, by Ron Shinkman, 02/28/2012

Tags: Finanical, Mayo Clinic Rochester, spending on capital projects, St. Paul Pioneer Press

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