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Centene to sell its majority stake in home health business

2 years 11 months ago
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…
Diana Barr

Kirkwood residents vote down sales tax increase, tax increases approved in Ladue, Dardenne Prairie

2 years 11 months ago
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…
Sam Clancy, KSDK

Federal grand jury subpoenas sought records from Missouri medical marijuana regulators

2 years 11 months ago

Twice last year a federal grand jury demanded the Missouri Department of Health and Senior Services turn over records pertaining to the medical marijuana program.  The pair of subpoenas, issued by the United States District Court for the Western District of Missouri in September 2020, were redacted by the department at the request of the […]

The post Federal grand jury subpoenas sought records from Missouri medical marijuana regulators appeared first on Missouri Independent.

Jason Hancock

Startup that provides software to improve medical care raises $30M

2 years 11 months ago
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…
Nathan Rubbelke