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Read today's Business News
First major Chinese medical delegation visits Minnesota
May 12, 2008: BLOOMINGTON -- (via press release) -- HealthPartners Institute for Medical Education is hosting the first major medical delegation of Chinese physicians ever to visit Minnesota. During their three-month stay, the physicians will observe hospital and clinic-based patient care, learn about health plan and hospital administration and observe clinical research methodology.
“We’re honored that the Chongqing Bureau of Health recognizes the quality of work we do at HealthPartners, so much so, that they’ve sent nine of their top physician leaders to study our model of care over the next few months,” said Dr. Carl Patow, executive director of HealthPartners Institute for Medical Education. “I’m certain we will learn as much from them as they will from us.”
The program is designed to promote the spread of best practices in patient care, medical education and research internationally. It also seeks to collect innovative ideas in healthcare and disease prevention and facilitate worldwide networking among medical experts.
“HealthPartners integrated care model and reputation for quality provide a great learning opportunity for the Chinese medical community,” said Zhou Jiying, MD, PhD, chief physician of neurology at Chongqing University of Medical Sciences. “My colleagues and I are excited to not only learn, but contribute our knowledge to improve healthcare and benefit the global medical community.”
Cantina #1 to open at Mall of America
May 12, 2008: BLOOMINGTON -- (via press release) -- Cantina #1, the first restaurant to bear Corona branding in the United States, is set to open its second location at the Mall of America this summer. Opening on the Mall’s fourth floor, Cantina #1 will occupy 13,000 square feet in the former Fat Tuesday’s and Knuckleheads locations overlooking Nickelodeon Universe and is part of the Mall’s fourth floor revitalization.
“Mall of America is the perfect location to expand our restaurant concept,” said Roberto Lubbert, COO of Cantina #1. “Millions of people from all over the world visit the Mall every year and we believe we’re bringing an entertainment and restaurant concept that will keep Minnesotans and tourists coming back year in and year out.”
The first Cantina #1 opened in Kansas City, Kan., in January 2008. De Mexico Al Mundo, Cantina #1’s parent company, plans to open approximately 30 locations in the next five to six years.
“We are thrilled to have Cantina #1 come to Mall of America,” said Maureen Bausch, Executive Vice President of Mall of America. “For many years the fourth floor was a premier entertainment and dining destination for Minnesotans and tourists alike, and we believe Cantina #1 is the perfect partner to help bring the energy back to our fourth floor.”
Center for Diagnostic Imaging appoints new board member
May 12, 2008: MINNEAPOLIS--(BUSINESS WIRE)--Center for Diagnostic Imaging (CDI), a national outpatient imaging company, is pleased to announce the appointment of Mr. Timothy Heady to its Board of Directors.
“We are excited to add such a qualified healthcare executive to the CDI Board,” states Bob Baumgartner, Center for Diagnostic Imaging CEO. “Tim’s healthcare experience will further strengthen the Board and add an additional, independent viewpoint to help shape the future direction of CDI.”
Mr. Heady brings over 25 years of healthcare industry expertise. He is currently the Chief Executive Officer of UnitedHealth Pharmaceutical Solutions, a business unit of Twin Cities based UnitedHealthcare, that provides pharmacy benefits and management for employers, commercial and government, representing more than 16 million individuals and $10 billion in prescription drug spending annually.
John Hogan joins Norwest Mezzanine Partners
May 12, 2008: MINNEAPOLIS--(BUSINESS WIRE)-- Norwest Mezzanine Partners (NMP), a leading middle market mezzanine investor, is pleased to announce that it has expanded its investment team with the addition of John Hogan as Partner. Hogan joins NMP from Piper Jaffray & Co., where he focused on establishing and developing relationships with private equity firms as Managing Director and Head of the Financial Sponsors Group. Current NMP investment professionals include Carter Balfour, Partner; Shani Graber, Principal; and Neal Sette, Associate.
Since its inception in 2000, NMP has focused on sourcing investment opportunities exclusively from private equity sponsors. Collectively, Hogan’s breadth of middle market financial sponsor relationships, industry and transaction experience, as well as an early career in the credit markets, strongly complement NMP’s investment team and overall strategy.
Timothy DeVries, NMP Managing General Partner, stated, “NMP strives to be sponsor-friendly and to provide value-added debt solutions. John’s credit background, his successful career of building the financial sponsor coverage group at Piper Jaffray, as well as his broad investment banking transaction experience, give him a well-rounded perspective on the market that he’ll bring to NMP. John fits the NMP mold, and we are excited to have him on board.”
With a growing investment team, a revival of the mezzanine market, and a new fund on the horizon, NMP is moving ahead with strong momentum. Wells Fargo, the fund’s major limited partner, granted approval for NMP III, a $500 million fund that will close this year. NMP currently has $650 million in capital under management. Norwest Equity Partners (NEP), NMP’s affiliated private equity fund, also received approval from Wells Fargo for $1.2 billion for its next fund, NEP IX.
Lampert joins Pohlad family of companies
May 9, 2008: MINNEAPOLIS –- (via press release) -- Pamela Lampert has joined the Pohlad family of companies as senior vice president of human resources and communications. Her appointment is effective immediately.
Most recently, she served as vice president of planning and organizational development at Rimage Corporation in Minneapolis.
In her new role, Lampert will serve as the strategic leader of human resources, organizational development and communications for Pohlad-owned businesses, including Marquette Financial Companies (MFC), a $3.1 billion financial services company. Lampert will provide leadership for human resource and communications activities, including strategic human resource development, executive recruitment, competitive compensation management, payroll and benefits.
“Pam brings to us great insights and talents, along with a strong values-based approach to leadership, that will enhance our organization’s ability to grow, develop our people, and strengthen our management processes,” said Bert Colianni, MFC chief executive officer and Pohlad family executive.
“This is a wonderful opportunity for me to work with an organization I’ve long admired, based on the quality of its people and business practices,” said Lampert.
She brings nearly 30 years of human resources experience to the Pohlad organization, including eight years operating her own human resources consulting practice and serving in various human resource leadership roles for several high tech organizations.
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Mini Master of Business Communication
May 12, 2008: For professionals who want to improve their business communication strategies and practices, you can learn how to become a better communicator in today’s business world with the Mini Master of Business Communication. It takes a broad approach to business communication, teaching you a full range of communication functions to address your organization’s goals. Entrepreneurs, business owners, new product developers, and product managers will find topics in this program useful.
Learn how to effectively meet challenges and accelerate your organization’s growth with the Mini Master of Marketing Management. The program is being offered Monday – Friday, June 2 – 6, at Terrence Murphy Hall, University of St. Thomas Minneapolis Campus, 1000 LaSalle Avenue. For more information or to register: Contact the Center for Business Excellence at
(651) 962-4600 or visit http://www.stthomas.edu/execed (keyword: marketing).
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