Rochester

Private Investment Doubled in the DMC District in Rochester, Minnesota Exceeding a Quarter Billion Dollars in 2018

(Rochester, MINN) March 21, 2019 – The Destination Medical Center Corporation (DMCC) today announced that private investment in the Destination Medical Center (DMC) district totaled $262 million in 2018, a 100 percent increase over 2017. The 2018 private investment will release approximately $13.5 million in state public infrastructure funding. Since 2013, DMC has generated more […]

In The Know — March 11, 2019

New App Designed To Help Patients Report Health Outcomes Wins Top Prize from AHRQ Medical device tax repeal bill reintroduced in U.S. Senate Ping Yeh, StemoniX CEO, talks growth after $14M round – Minneapolis / St. Paul Business Journal Medtronic Keeps DES Market Hot with New Indication FemPulse Appoints Dr. Robert Kieval as Chief Scientific […]

Regional Capital Investment Fund Hits $2 Million Goal

Rochester, MN (August 21, 2018) – After one year, since its official launch, the Southeast Minnesota Capital Fund LLC (Fund) has reached its $2,000,000 funding goal and closed its fifth investment in Rochester-based Ambient Clinical Analytics. “For our community, having an active new business fund is very important because we are helping attract and retain […]

Medical Alley Companies Raise $234 Million in First Half of 2018

Medical Alley companies had a strong start to 2018, buoyed by new investments in biotech. 45 companies raised $234 million in the first half of the year. In addition to positive investment flow, exits continued at a strong pace with multiple acquisitions and one initial public offering (IPO). These exits will recycle capital into the […]

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