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Missouri Minute: Greitens faces criminal investigation; DST Systems sold for $5.4 billion

Here are today’s top business headlines from across Missouri:

Greitens faces criminal inquiry, calls for resignation after blackmail allegations

St. Louis Circuit Attorney Kim Gardner will launch a criminal investigation into accusations engulfing Gov. Eric Greitens, she announced Thursday afternoon. Greitens’ acknowledgment Wednesday of an extramarital affair — and denial of possible blackmail— shook the GOP-controlled state capital on Thursday. While GOP legislative leaders limited their statements to expressions of concern and requests that Greitens be honest about what happened, a bipartisan chorus of senators called on Attorney General Josh Hawley, a Republican, to investigate. Read more

DST Systems agrees to $5.4 billion buyout offer from rival

Kansas City-based DST Systems, with 4,000 area employees, announced Thursday it has agreed to a buyout by a Connecticut-based rival that values DST at $5.4 billion, including debt. SS&C Technologies Holdings will pay $84 a share for DST, which provides data processing and other business services to companies in the financial services and health care sectors. Read more

Lawsuit targets Centene’s narrow approach to ACA plans

Centene Corp. rushed to fill the void when many bigger insurers gave up on the Affordable Care Act, but a lawsuit alleges that the fast-growing insurer’s coverage is less robust than advertised. The Clayton-based company misled customers about the number of doctors covered under its health plans, offering individuals who bought ACA coverage skimpier insurance than they signed up for, according to the federal suit filed in Washington state on Thursday. Read more

Missouri Chamber helps small businesses band together under one health plan

Tired of the price of health insurance, some small businesses in Missouri are coming together under a new health plan offered by the Missouri Chamber of Commerce and Industry. After requests by member businesses, the chamber decided to explore the option of starting a type of plan that would allow its members to join together to form a pool, like a large employer, with the hope of reducing costs. More than 150 small businesses have joined, representing more than 1,500 employees, the chamber said. Read more

Children’s Mercy announces $150 million in gifts to build KC research tower

The vision for a new Children’s Mercy tower on the Kansas City skyline will become a reality thanks to a fundraising haul led by two charitable foundations. On Thursday, the Hall Family Foundation and the Sunderland Foundation announced a combined donation of $150 million to launch construction and recruitment for a $200 million tower at the hospital. Read more

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