February 25th, 2013

Mayo Clinic sees drop in earnings, endowment increase

By Logan Lafferty

Mayo Clinic saw earnings from patient care and investments drop 35 percent last year, as its endowment topped $2 billion and clinic assets grew to $11 billion…Some said the clinic's financial success is an argument against the legislation. "States should reserve their economic development resources to address what are politely called 'market imperfections' -- places or people or companies who need help and aren't getting it," said Greg LeRoy, executive director of Good Jobs First, a Washington, D.C.-based.

Similar Coverage: Post Bulletin, MinnPost, Star Tribune

 

Pioneer Press by Christopher Snowbeck

Tags: clinic assets, earnings drop, economic development, endowment, Finanical, Good Jobs First, Government Relations, Greg LeRoy, Pioneer Press

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