Mayo Clinic spin-out Tenex Health raises $11.8M

2.6.2012—Tenex Health Inc., a startup that’s commercializing Mayo Clinic technology for treating tendon injuries (and located on the MinnWest Technology Campus, Willmar), has raised $11.8 million in capital.

The company rounded up the funding via a reverse merger with a publicly traded company and a PIPE (private investment in a public entity) deal.

Tenex launched in 2009. It was initially based in Rochester, Minn., but moved its headquarters Lake Forest, Calif., in 2010. But the company has maintained some ties to Minnesota, as it announced plans last summer to produce its device at the MinnWest Technology Campus in Willmar, Minn.

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Legacy funding will showcase Willmar lakes area tourism in 2012

1.31.2012—Kandiyohi County has scored a major tourism coup by recently being named a Minnesota Legacy Weekend Destination for 2012.

Beth Fischer, Executive Director of the Willmar Lakes Area Convention and Visitor’s Bureau, confirmed news that the lake communities of New London, Spicer and Willmar have been selected for the program for the weekend of Aug. 17-19.

“It’s very exciting,” said Fischer. She and community partners had sought the designation through a state grant application. “I’m excited for all of us. We’ll all benefit.” In its second year, the Legacy Weekend Destination program is funded with money from the Legacy Foundation that’s generated from a voter-approved sales tax intended to enhance the state arts, historical and outdoors programs.

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