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Graybar acquires West Coast distributor of industrial controls
Centene to sell its majority stake in home health business
Centene Corp., the Clayton-based managed health care provider, said Wednesday it has agreed to sell its majority stake in U.S. Medical Management LLC.
The buyers are Rubicon Founders; Valtruis, a portfolio company of Welsh, Carson, Anderson & Stowe (WCAS); Oak HC/FT; and HLM Venture Partners. Terms of the deal weren't disclosed.
Centene, which said it will keep a minority stake in the business, bought Troy, Michigan-based USMM in December 2013 for about $200 million.
USMM is a management services…
Kirkwood residents vote down sales tax increase, tax increases approved in Ladue, Dardenne Prairie
Two tax increases passed and another failed during Tuesday's municipal elections in the St. Louis area.
Voters in Dardenne Prairie approved a sales tax increase and voters in Ladue approved a property tax increase. In Kirkwood, however, voters shot down a sales tax increase.
The added tax revenue will go toward road repairs in Dardenne Prairie and toward public safety in Ladue. The Kirkwood increase would have gone toward road repairs.
The tax increase in Ladue will be a 30-cent increase on each…
Startup that provides software to improve medical care raises $30M
St. Louis-based PierianDx, which has developed genomics software aimed at helping health care groups improve medical care, plans to pursue expansion after raising $30 million in financing.
New York-based health care investment firm OrbiMed led the startup’s funding round, which includes equity investment and a term loan facility. Other investors in the deal include Health Catalyst Capital, Research Triangle Institute, Inova Health Systems, ATW Partners and SJF Ventures,
PierianDx said the financing…
Stifel and Jimmy Kimmel team up as big names on a college football bowl game
A year after opening for takeaway, celebrated Grove restaurant will offer in-person dining (PHOTOS)
Appeals court denies Rams' bid to move relocation trial from St. Louis
Lessie Bates Davis Neighborhood House agrees to $100K settlement to end federal probe
2 St. Louis credit unions to merge, close 2 offices
Anheuser-Busch, other St. Louis businesses warn of dire consequences if gas pipeline shuttered
Nonprofit that boosts startups launches center to focus on 'rural health innovation'
As construction costs spike, St. Louis firms buy early, stockpile supplies and prepare for it to get worse
Olin Corp. launches $1B stock buyback program
Olin Corp., the Clayton-based manufacturer and distributor of chemicals and ammunition, said Monday that its board approved a new $1 billion share repurchase program to increase the value of its stock.
The new 2021 Share Repurchase Program calls for the company to buy back shares of Olin's common stock periodically, on the open market or in privately negotiated transactions. The program has no time limit, and purchases depend on factors including Olin's market price and general market and economic…
St. Louis Board of Aldermen releases first draft of ward redistricting
The St. Louis Board of Aldermen unveiled the first draft of a new district map, another step in reducing the number of aldermen in the city from 28 to 14.
Over the next two months, the Legislation Committee of the Board of Aldermen will hold public meetings to create a new, 14-ward map based on the 2020 Census. In order to make sure the changes are drawn in an equitable and legal way, the board is asking for public input at those meetings.
The process, according to the city's website, is as follows:…
St. Louis says more than 75% of city employees fully vaccinated, including police and fire departments
More than 75% of St. Louis city employees are fully vaccinated against Covid-19, according to a press release from the mayor's office Monday.
The press release from Mayor Tishaura Jones' office said the data was collected by the city's health department and included civil service employees, the St. Louis Metropolitan Police Department and the St. Louis Fire Department.
According to the press release, 76.4% of civil service employees are vaccinated, 78% of the police department is vaccinated and…
Metal coating company expands Granite City manufacturing site due to higher steel demand
How Saint Louis University's new entrepreneurship center director plans to boost the program
St. Louis-based distiller plans $4M expansion at its Kentucky operations
A growing St. Louis-based distiller is planning a $4 million expansion in Bardstown, Kentucky.
Lux Row Distillers, owned by St. Louis-based Luxco Inc., is expanding its 18,000-square-foot facility on 1 Lux Row in Bardstown. It will allow for 24-hour-a-day operation and help boost annual production by 75%, according to a news release. The company makes Ezra Brooks, Rebel, Daviess County, David Nicholson and Blood Oath bourbon brands.
The completed project will have 10-barrel warehouses at capacity…