Articles by Sam Schaust

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Medtronic Nearing $6B Sale Of Medical Supplies Unit, Sources Say

If the deal closes, it would be a roughly $1 billion step up from what the business was expected to sell for.

April 06, 2017

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Optum Invests $7.5M In Cloud-Based Life Sciences Startup

McKesson and Medidata also took part in the funding round, which was announced last August.

April 05, 2017

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Cardiovascular Systems Receives Approval To Sell Its Flagship Device In Japan

Aside from earning Shonin approval for its Diamondback 360 device, the company also closed the sale of its headquarters, entered a loan agreement and had a shareholder lawsuit dismissed.

April 05, 2017

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Caribou Coffee Owner Cooks Up $7.5B Deal For Panera Bread

Industry trends have led many restaurant chains to consolidate. Last week, the owner of Burger King and Tim Hortons purchased Popeyes Louisiana Kitchen for $1 billion.

April 04, 2017

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Mayo Clinic Square Sells To Chicago-based LaSalle Investment Management

The property has seen a complete transformation since the start of the decade when it sold for $14 million.

April 04, 2017

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Walgreens, Prime Therapeutics Launch Joint Company AllianceRx

The new company will leverage Walgreens’ and Prime’s combined size and allow for AllianceRx to negotiate for cheaper prescription drugs.

April 04, 2017

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How The Legalization Of Gambling On Sports Could Impact MN Companies

For years, the parent company of Minneapolis-based Sportradar US has provided sports statistics to international gambling operators. A change in U.S. law could result in a significant uptick in the data and security services it provides to national companies.

April 03, 2017

The Founder

The Truth Behind The Founder

Ray Kroc/McDonald’s biopic is Twin Cities-centric.

March 30, 2017

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Land O’Lakes Jumps Into Artisan Cheese Market With Vermont Creamery Buy

The purchase will allow Land O’Lakes to take a bigger bite out of the burgeoning natural and specialty cheese market, which had 2015 sales of $17.4 billion in the U.S.

March 30, 2017

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Federal Cartridge Has Cut 172 Jobs This Month

The layoffs and buyouts followed months after the ammunition maker’s agreement to create 50 jobs as part of a state-supported expansion plan.

March 30, 2017

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Boston Scientific To Buy Swiss Heart Device Company For $435M

Symetis SA is known for its ACURATE valve systems that are used to treat high-risk patients suffering from a narrowing aorta, also known as aortic stenosis.

March 30, 2017

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Feds Take Over Whistleblower Case Against UnitedHealth Group

The insurance giant could face a penalty of more than $1 billion.

March 29, 2017

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Inver Grove Heights Chiropractor Indicted On Health Care Fraud Charges

Timothy Guthman allegedly took advantage of a state law that gave reimbursements to medical professionals for providing services to patients who suffered injuries from a car accident.

March 29, 2017

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Solar Jobs Jumped 44 Percent In 2016

Most of those workers are based in the Twin Cities, which is a departure from 2015 when the majority of solar employees worked in Greater Minnesota.

March 28, 2017

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PetVivo, Gel-Del Combine In Reverse Triangular Merger Agreement

The companies originally partnered in 2014 to commercialize a device used to treat osteoarthritis in dogs and horses.

March 28, 2017

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