Rochester phone app firm evolves into $925 million heart monitor maker
The story of how a group of southeastern Minnesota software developers ended up creating one of the top remote cardiac monitor devices in the world starts with Rochester’s mix of cutting-edge technology and innovative health care. 5:30 am, Feb. 20, 2021 ×
Preventice co-founders, from left, Scott Burrichter, Jon Otterstatter and Greg Wobig Tuesday, Feb. 16, 2021, in Rochester. Preventice is being acquired by Boston Scientific. (Joe Ahlquist / jahlquist@postbulletin.com)
In 2007, four men sitting around a table in Rochester hammered out a rough idea to start a smartphone app firm. Their plans later morphed into a remote heart monitor manufacturer purchased by Boston Scientific for $925 million in cash in January.
April 10
Mayo Clinic is not just faced with an enormous health crisis. Now, there is an economic crisis, too very likely the biggest such challenge Mayo has faced since the Great Depression.
Income has plummeted as Mayo has turned its attention from regular business to the worldwide COVID-19 pandemic. Today, the clinic is rolling out a plan of spending reductions, including payroll cuts, that will directly affect about one-third of Mayo s70,000 employees across all of its sites, including Mayo Clinic Health System sites and the campuses in Rochester, Florida and Arizona.
The plan is designed to bring down a $3 billion loss that financial projections show would occur by year-end without any adjustments, and to do it without lowering the quality of care, research and education Mayo provides. No layoffs are planned.