Minnesota
What's a fair price for University of Minnesota Medical Center?
The proposed deal for the University of Minnesota to buy back its teaching hospital is entering a key phase, with the U and Fairview having hired consultants and exchanged data to determine a reasonable price tag for the sprawling medical center in Minneapolis.
Within the next six weeks, the U and Fairview hope to get close to a consensus on price. If they can, the two sides will move to the next phase of the transaction, which includes a re-write of their complex affiliation agreement, said Myron Frans, senior advisor on the deal to the U’s interim president.
The U and Fairview signed a letter of intent in February to transfer ownership of University of Minnesota Medical Center (UMMC), which the health system acquired in a financial bailout during the 1990s.
Fairview maintains that the sale price must cover the health system’s debt on the facilities, the document notes. The letter also expressed the university’s position that it should not pay more than fair value for the medical center, irrespective of outstanding debt.
“We have to get to some major threshold issues, to make sure we’re on the right track,” Frans said in an interview. “It’s going to be whatever it’s going to be … but our intent would be to do it in less than six weeks.”
He added: “At this point, obviously, we are on track. We don’t have any warning signs.”
Minneapolis-based Fairview Health Services said in a statement: “Everything is on track with the timeline outlined in the [letter of intent].”
The letter of intent came 15 months after Fairview proposed an ill-fated merger with South Dakota-based Sanford Health. U officials opposed the marriage as it would have transferred control of UMMC to an out-of-state entity.
About 70% of physicians practicing in Minnesota trained at the university, where the U hospital is a primary teaching and training venue. Fairview employs about 34,000 people and runs one of the state’s largest health systems.
On Thursday, documents presented to a subcommittee of the U’s board of regents included a timeline with the impending milestone for whether to proceed.
Fairview and the U have each hired consulting firms to help place a value on the hospital, Keith Ghezzi, managing director of Alvarez & Marshal, said during the subcommittee meeting.
“The next major decision point will be after a preliminary valuation has been performed by [each side’s consultant] and we have an opportunity to see how those valuations may align,” Ghezzi said.
As it now stands, the U and Fairview would have a first closing of the transaction by the end of this year, with the U paying Fairview 51% of the negotiated price at that time. Funds for the health system’s remaining stake would be placed in escrow. A second closing, including transfer of the remaining funds, would happen by the end of 2027.
Ghezzi’s firm is one of three consultants the university has hired to work on the proposed acquisition.
“We’re moving forward and we’re thrilled with the expertise the university administration has brought to bear on this,” Janie Mayeron, the board of regents chair, said Thursday after the subcommittee meeting.
Consultants thus have received about half of the data they need from Fairview in order to develop the valuation, Ghezzi said. That’s not a worrisomely small amount, Frans said, noting that it takes time for Fairview to extract financial data on University of Minnesota Medical Center form the health system’s broader financials.
Frans, who earlier this year retired after serving as the U’s senior vice president for finance and operations, is a Fairview board member.
The university wants to own the teaching hospital to control governance and operations, Frans said, including infrastructure investments that could make it easier for patients to receive unique specialty services at UMMC.
“We have a capacity problem — we’re more than full almost every day,” Frans said. “We want to be able to make sure that we provide the access to the people of Minnesota, to that level of care.”
University of Minnesota Medical Center includes a large hospital for adult patients on the East Bank campus as well as a pediatric hospital and inpatient mental health facility near the U’s West Bank campus. Fairview currently owns all three of these facilities.
UMMC also includes a large outpatient surgery and specialty care center on the East Bank campus that’s jointly operated by Fairview and the U in a building that’s owned by the university. The sale would give the U ownership of all four operations.
Minnesota
Lawmakers demand Keith Ellison resign as Minnesota fraud grilling turns brutal
WASHINGTON (TNND) — Rep. Clay Higgins (R-LA) called on Minnesota Attorney General Keith Ellison to resign during the House Oversight Committee’s hearing on the widespread fraud in Minnesota.
Higgins began his line of questioning by referring to Ellison’s open statement.
“Under Minnesota law, my Office has limited jurisdiction over criminal matters. The only kind of criminal case we can prosecute on our own is Medicaid fraud; any other criminal case must be specifically referred to us by county attorneys or the Governor,” Ellison said in his opening statement.
Higgins stated Ellison said that his office only had the authority to investigate Medicaid fraud, to which Ellison nodded his head in response.
But, Higgins pointed out that was incorrect.
“Under your own law, you have authority if the county district attorney asks you to get involved, or if the governor asks you to get involved, then your office can take the lead on any criminal investigation,” Ellison said.
Ellison remained speechless after Higgins asked him if that his statement was correct.
“So you have the authority to lead your state’s effort to respond to this massive fraud at the state level, from within the health care realm, where government money has been stolen at very, very high levels, unprecedented levels, in your state,” Higgins said.
“Are you leading that effort for the state of Minnesota?”
Ellison replied but his response was not picked up by the microphone.
“You’re addressing it,” Higgins asked. “Are you leading it?”
Ellison responded, “we are leading the effort to prosecute Medicaid fraud.”
“I’m not talking about Medicaid fraud,” Higgins yelled.
“Don’t hide behind that. You have the authority to prosecute anything criminally that the governor asked you to. And this thing is big.”
“I’m giving you an opportunity, sir. Are you leading the criminal investigative effort into this massive fraud across the board in the healthcare spectrum, in the state of Minnesota or not,” Higgins continued.
Ellison replied, saying his office was “following the law,” prompting Higgins to interject.
“You are not leading,” Higgins responded. “You’re not leading. I must say, Mr. Chairman, that the Attorney General of Minnesota should resign.”
Minnesota
Maddy Kimbrel Named Minnesota’s 2026 Ms. Hockey Winner
Maddy Kimbrel joined an illustrious group of players as Minnesota’s 2026 Ms. Hockey winner. The award is annually given to the best high school women’s hockey player in the state of Minnesota.
The Holy Family forward scored 37 goals and 57 points this season in only 26 games for her school.
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She was also an assistant captain for Team USA at the 2026 U-18 World Championships winning gold. It was her second time representing USA at the event.
Kimbrel spent four seasons playing for Orono High before moving to Holy Family this season.
The 17-year-old Mound, Minnesota product is headed to the University of Wisconsin next season.
The other four finalists for the award were Alaina Gentz (Centennial/SLP), Jasmine Hovda (Roseau), Lorelai Nelson (Edina), and Mia Miller (Northfield).
Past winners of the award include current PWHL players such as Taylor Heise (2018), Peyton Hemp (2021), Olivia Mobley (2020), Grace Zumwinkle (2017), and Hannah Brandt (2012), and 2024 Hockey Hall of Fame inductee Krissy Wendell-Pohl.
Minnesota
Bemidji declares March as Minnesota Food Share Month; hears Project Graduate report
BEMIDJI — The city of Bemidji declared March as Minnesota Food Share Month in partnership with the
Minnesota FoodShare March Campaign
during a
city council
meeting on Monday. This campaign is the largest grassroots food and fund drive in Minnesota.
“Food insecurity affects thousands of Minnesotans, including residents of Bemidji and the greater Beltrami County area, and access to nutritious food is fundamental to the health and dignity, and well-being of every community member,” the proclamation reads. “Local food shelves depend on the generosity of community donations to meet the growing needs of our neighbors, and every contribution — whether food, funds or time — makes a direct difference in the lives of Bemidji residents.
“The city of Bemidji proudly recognizes the extraordinary contributions of the volunteers, donors and partner organizations whose compassion and dedication ensure that no neighbor goes without, and the city of Bemidji is committed to fostering a compassionate and caring community where all residents are supported and encouraged to look out for one another in times of need.”
Ward 2 Councilor Josh Peterson read the proclamation as Mayor Jorge Prince attended the meeting virtually. Peterson attempted to award the proclamation to a Bemidji Community Food Shelf representative, but no one was available to receive it.
John Eggers,
a former educator, gave a presentation to the council regarding his Project Graduate initiative, which promotes 100% graduation rates within Beltrami County during Monday’s meeting.
“It’s not an easy task to do, but we can do it,” Eggers remarked.
Eggers shared personal efforts to promote a 100% graduation rate within Beltrami County, such as promoting graduation as a teacher at Red Lake High School recently. He hopes to do more work in Red Lake in the future.
Eggers also formed an alliance of local Bemidji businesses to promote Project Graduate. Each business will find a unique way to promote higher graduation rates while working with the alliance. Additionally, Eggers has spent the last several years forming an advocacy program that has now spread to 12 states and five countries worldwide.
He then shared ideas for the council to follow to promote the initiative. This included joining the alliance, displaying posters, “relentlessly” promoting high graduation rates, starting a PSA campaign, adding the initiative to the city’s website or newsletter and signing a proclamation.
He noted that in 2025, the city signed a proclamation and other Beltrami County cities followed suit, meaning Bemidji could once again set the trend to promote higher graduation rates.
Ward 1 Councilor Gwenia Fiskevold Gould asked how the initiative addresses underlying issues that affect
declining graduation rates
within Beltrami County, such as housing instability and food insecurity.
Eggers did not have a direct answer, but noted that graduation often helps young people climb out of bad situations. He believes that all people deal with adversity and that graduation is an important tool to help improve their quality of life.
He also pointed out that graduation rates among white students have remained steady when compared to statewide trends, but that students of color and Indigenous students’ graduation rates are lower than the state average, something that needs to be addressed to help these communities.
Finally, Eggers noted that the initiative’s drop-out prevention hotline was recently discontinued, but that students or parents can reach out to Eggers directly to receive the help needed to stay in school.
Overall, council members thanked Eggers for his Project Graduate presentation. His contact information can be found on his website,
johnrogereggers.com.
The council will next meet at 6 p.m. on Monday, March 16, at City Hall for a regular meeting. Meetings can be viewed on
the city’s website.
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