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Fairview would contribute $90M to U of M's med school

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Over the next decade, Fairview Health Services would pay $90 million to the University of Minnesota's medical school under a deal being considered by the University of Minnesota Board of Regents, the Pioneer Press reports.

"Academic support to the medical school will be $7 million dollars annually for the first two years, $8 million dollars annually for the second two years, and $10 million dollars annually in the following six years," according to documents released earlier this month, the newspaper reports.

The regents are scheduled to vote on the proposal this week.

Minneapolis-based Fairview has owned and operated the U of M's teaching hospital since 1997.

Earlier this year, the University of Minnesota offered to acquire Fairview's assets, when South Dakota-based Sanford Health was considering a possible partnership with Fairview. Negotiations broke down in April after the merger talks became public.

Minnesota Attorney General Lori Swanson and lawmakers raised concerns about the U of M medical center being controlled by entities outside of the state.

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