Mayo announces $515 million revenue gain, expanding Saint Marys - KTTC Rochester, Austin, Mason City News, Weather and Sports

By Chris conte

Mayo announces $515 million revenue gain, expanding Saint Marys

ROCHESTER, Minn. (KTTC) -- Mayo Clinic announced Thursday that the organization saw their revenue increase nearly 4.7 percent in 2010, after bringing in nearly $515 million.

The clinic also announced it will be expanding both the Austin Medical Center and Saint Marys Hospital in the coming years.  Officials say Saint Marys will grow by close to 10,400 square feet, a renovation that will cost close to $26 million.

When asked if an increase of revenue might benefit patients, Mayo President and CEO Dr. John Noseworthy said, "We will try and avoid increasing our fees to patients, which is a big step for us."

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