Morning minutes: July 29

 

Carondelet Health has agreed to sell St. Joseph Medical Center (above) and St. Mary's Medical Center. | Courtesy of St. Joseph Medical Center
Carondelet Health has agreed to sell St. Joseph Medical Center (above) and St. Mary’s Medical Center. | Courtesy of St. Joseph Medical Center

Here are today’s top headlines from across Missouri:

Prime Healthcare buying two Kansas City hospitals 

Carondelet Health, owner of St. Joseph Medical Center in Kansas City and St. Mary’s Medical Center in Blue Springs, signed a letter of intent to sell the hospitals to Prime Healthcare Services Inc. Carondelet, a part of Ascension Health, a Catholic health care system, had been trying to sell the two hospitals and some of its related facilities for at least two years.

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St. Louis chamber establishes venture capital sidecar fund 

Having said for years that St. Louis has a shortage of venture capital, the St. Louis Regional Chamber has set aside $700,000 to start a so-called sidecar fund, which wouldn’t select companies itself but would invest alongside other venture capitalists who make deals in St. Louis. The group hopes, with the help of other investors, to launch a fund of between $10 million and $15 million.

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Ameren excessive earnings case may hinge on audit 

Ameren Missouri’s first reduction in electricity rates after years of increases may hinge on whether the Missouri Public Service Commission thinks it can make a determination without a full-blown audit that could take months.

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Post Holdings planning more acquisitions 

Post Holdings Inc., which has acquired several food companies recently, said it closed on a $350 million private offering to fund more acquisitions. The Brentwood-based company announced the offering of senior notes in July 2013.

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Columbia nonprofit uses tech training to help people with autism find work 

As parents of young adults with autism, Becky Llorens and Teri Walden of Columbia saw the strengths exhibited by individuals on the autism spectrum. They also saw a lack of post-secondary education options for their sons. So Llorens and Walden launched EnCircle Technologies, a nonprofit that aims to help individuals on the autism spectrum develop marketable skills.

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