New Brighton-based Medtox sold to competitor in North Carolina

Laboratory Corporation of America has agreed to acquire Medtox Scientific, Inc. for $241 million. The deal is expected to close in the third quarter and still must be approved by shareholders. Medtox distributes illegal-substance tests to hospitals, companies and treatment centers.
Author:
Updated:
Original:

Laboratory Corporation of America has agreed to acquire Medtox Scientific, Inc. for $241 million. The deal is expected to close in the third quarter and still must be approved by shareholders. Medtox distributes illegal-substance tests to hospitals, companies and treatment centers.

Next Up

Mayor Brad Wiersum

'Please, please, please get vaccinated,' Minnetonka mayor pleads

This comes as the local state of emergency officially ends.

YouTube - Jeopardy screengrab minneapolis

Can you answer all the Minneapolis questions from this week's 'Jeopardy?'

KARE personalities including Randy Shaver and Rena Sarigianopoulos presented the clues.

Pexels - woman shop mask covid CROP

35 counties, including most of Twin Cities, now COVID hotspots

The CDC recommends everyone wear a mask in public, indoor places in these counties.

covid, coronavirus

CDC document: Delta variant as contagious as chickenpox

Vaccines remain very effective at preventing severe illness from the delta variant, however.

Flickr - smoke McGregor minnesota wildfire July 29 2021 - Lorie Shaull

'Unprecedented': The wildfire smoke isn't going anywhere this weekend

The air quality alert that was supposed to end Friday is now in effect into early next week.

Alexis Saborit

Charges: Woman killed in horrific Shakopee attack was trying to leave suspect

The shocking incident happened at an intersection Wednesday afternoon.

3M Open, Tony Finau

Multiple injuries after pickup crashes into shuttle bus at 3M Open

Blaine police listed 25 people as being involved in the collision.

Screen Shot 2020-06-15 at 7.11.05 AM

Teen arrested in connection to recent St. Cloud shootings

The shootings, which occurred on Tuesday and Wednesday, did not result in injury or property damage.

Related

Bloomington-based software firm sold

New Jersey-based Verisk Analytics has agreed to acquire Aspect Loss Prevention for $8 million. The Twin Cities-based software company helps companies prevent employee theft.

Minn.-based Woodbury Financial Services acquired by AIG

Oakdale-based independent broker-dealer Woodbury Financial Services has agreed to be purchased by New York-based insurance giant American International Group, Inc. (AIG). Woodbury Financial, a subsidiary of The Hartford Hartford Financial Services Group, Inc., will now become a part of AIG subsidiary Advisor Group.

Edina-based Nash Finch buys 18 supermarkets

The food distributor is acquiring 18 No Frills Supermarkets in Nebraska and Iowa. The deal is expected to be complete in the third quarter.

Dehumidifiers recalled after causing house fire in New Brighton

The models are sold under the Goldstar and Comfort-Aire names and are made my LG Electronics. The dehumidifiers that are believed to be responsible for more than $1 million in property damage, including damage to a New Brighton home.

Boston Scientific acquires Plymouth-based BridgePoint

Massachusetts-based Boston Scientific is buying medical startup BridgePoint Medical Inc., the Star Tribune reports. The small privately held firm has developed an innovative system to clear coronary arteries without bypass surgery. Terms of the deal were not disclosed.

Berkshire offers to buy Bloomington-based ResCap mortgages

Warren Buffett's Berkshire Hathaway Inc. is eyeing a $374 billion mortgage-servicing portfolio of Residential Capital LLC. The bankrupt lending unit, a subsidiary of government-owned Ally Financial, filed for Chapter 11 protection in May. Dow Jones News Wires reports Minnesota-based ResCap already has a proposed agreement to sell the mortgage unit to NationStar Mortgage Holdings Inc. Berkshire says it will match the $2.4 billion bid, but offer a lower breakup fee.