Good morning, MBA readers,
Gov. Mike Parson has created a new task force to make recommendations on a potential waiver for Missouri under the Affordable Care Act, which would allow the state to deviate from certain federal guidelines for Medicaid coverage. A couple of high-dollar acquisitions have taken place on both sides of the state. And a bottling company has plans to create 50 new jobs in Kansas City. Read on for the full rundown.
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Missouri asks FEMA to expand disaster declaration
The State Emergency Management Agency has asked FEMA to extend the July 9 disaster declaration for 21 additional counties. Missouri had initially asked for federal aid in 41 counties but was only authorized for aid in 20 counties. (KSDK).
Parson creates task force on ACA waiver
Gov. Mike Parson signed an executive order creating a task force that will brainstorm and recommend a potential waiver for Missouri under the Affordable Care Act. The task force has until next February to complete its recommendations. (Associated Press)
Insurance giant acquires KC-area company
Integrity Marketing Group, a distributor of life and health insurance products, has acquired American Senior Benefits for an undisclosed sum. American Senior Benefits is based in Olathe, Kansas, and specializes in the senior insurance market. (Kansas City Business Journal)
St. Louis printing business sells to Texas firm
Flesh Co., one of the largest printing companies in St. Louis, and its direct mail subsidiary Impressions Direct were acquired by Ennis, a printing business based in Texas. Flesh reported $31.1 million in sales for its last fiscal year. (St. Louis Business Journal)
Bottled water maker to expand to KC
California-based Niagara Bottling plans to open a production facility in Kansas City, creating about 50 new jobs in the area. The company will also invest $68 million to build the 420,000-square-foot manufacturing plant. (Kansas City Business Journal)
Former tech employee sentenced in $1.9 million embezzlement case
Leaman George Crews III was sentenced to three years in federal prison for embezzling $1.9 million from Rolla-based Brewer Science while serving as director of information systems for the company. (St. Louis Post-Dispatch)
Annual population change in Missouri has been steady since the start of the decade, according to estimates released late last month. Statewide growth has hovered between a low of 0.23% and a high of 0.35%, although changes in population have not been evenly distributed by region.
That’s how much the Missouri University of Science and Technology made in patent royalties income for the fiscal year ended June 30, a 32% jump from the previous year. The record annual haul brings the university’s total royalty earnings to over $5 million.
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VeriShip, a parcel shipping intelligence firm in Kansas City, has hired Bunch, a veteran finance executive, as its new CEO, the Kansas City Business Journal reports. As former CEO of The Mutual Fund Store, an investment advisory in Overland Park, Kansas, Bunch led the company through a $560 million merger with Financial Engines in 2015. VeriShip, which has over 100 employees, works with businesses to reduce the costs of shipping with parcel carriers.
It’s been a pleasure doing business with you this morning.