Fairview has owned and run the university’s Minneapolis teaching hospitals since 1997, with a condition that would require Fairview to make academic support payments to the university if it hit certain financial benchmarks.
Fairview didn’t meet the targets before 2012 and so hasn’t made such payments until a $5 million payout to the school last year. Now, the health system is negotiating between $7 million and $10 million per year, or more if its profit margins are higher than anticipated, according to the report.
The board of regents will review the terms of the proposed five- to 10-year agreement on Friday.
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