Smart Choice MRI, which is based in Chicago but has roots and dozens of employees in the Milwaukee area, raised an undisclosed amount of financing from Aurora, CO-based UCHealth, according to a BizTimes Mediareport. Smart Choice operates a chain of imaging centers that charge patients a flat rate of $600 or less for scans. The company currently has 17 locations in Wisconsin, Illinois, and Minnesota, and reportedly plans to expand to more states, including Colorado, in coming years. UCHealth is one of at least three hospital systems that have invested in Smart Choice; others include Appleton, WI-based ThedaCare and Naperville, IL-based Edward-Elmhurst Health.

Reached by phone, CEO Rick Anderson said Smart Choice moved its corporate headquarters to Chicago from Mequon, WI, in February. Thirty-five of the company’s 189 employees are based in Mequon, he said, making it Smart Choice’s largest office. Anderson said one reason his company decided to relocate to Chicago was that most investors and others around the country who do business with Smart Choice can get to Chicago by taking a single flight. Anderson said he’s still based in the Milwaukee area, but travels to Chicago frequently.

—Earlier this summer, a group that included the director of the University of Wisconsin-Madison’s Carbone Cancer Center and a UW-Madison engineering professor met with executives of Foxconn and discussed the prospect of the Taiwan-based electronics assembler building a healthcare-focused facility in the Madison area, the Wisconsin State Journal reported. The Foxconn facility, if it ends up getting built, could be a research center or device manufacturing plant, the newspaper reported, citing an anonymous source. In July, Foxconn announced plans to invest $10 billion to build a manufacturing facility in Southeastern Wisconsin. There have since been multiple reports that the company is also considering building facilities in other parts of the state.

Read the full story here.