Ingram's October 2022

I N T H E N E W S

Tidbits of Business News from Around the Region

Major Home Project Emerges Drake Development is rolling out Wild Horse, an ambitious project at 179th Street and Switzer Road, where it plans to build 418 homes. Early this month, the City Council approved the 82-home first phase of construction covering 33 acres of a project that will eventually span roughly 187 acres. Goodyear Tire and Rubber Co., one of the Topeka area’s largest employers, has announced plans to invest $125 million in the modernization of its tire production facility there, a project with an estimated economic impact of $480 million by 2033. The plant, which opened in 1945, will see 40 new jobs added to a work force of 1,600. Stormont Vail-CMH Align Stormont Vail Health and Children’s Mercy Kansas City, which already collaborate on pediatric health-care SHAWNEE COUNTY Goodyear Modernizing

panies, has struck a deal to acquire Rx Savings Solutions of Overland Park for $600 million upfront and potentially as much as $875 million. Michael Rae founded the sof tware company for pharmaceutical comparison shopping in 2012 and, in just a decade, amassed a following of 17 million members— individual consumers, employers, and health insurers. Ferrellgas Back on Track For the first time since 2015, and thanks in large part to a Chapter 11 reorganization, publicly owned Ferrell gas Partners has posted a profitable year. The national propane-services firm generated a net of $148.86 million in its recently-closed 2022 fiscal year, a sharp reversal from the $69.1 million loss posted for 2021. The company hit a wall with the 2015 purchase of Bridger Logistics for $837.5 million, taking a considerable loss when it sold most of Bridger’s assets for $92 million in 2018.

services, are taking that to a new level with Chi ldren’s Mercy Topeka at Stormont Vail Health, slated to open this month. Children’s Mercy’s services will include cardiology, endocrinology and neurology, with additional telemedicine and specialty clinics still being planned. The two organizations have worked on joint projects since 2018. WYANDOTTE COUNTY KU Health System Adds Olathe Officials from the University of Kansas Health System and Olathe Health agreed earlier this month to the biggest health care merger in the Kansas City market in nearly 20 years. Leaders of the two institutions have signed a Letter of Intent to merge, pending a due-diligence review. If the deal proceeds, officials say there will be little immediate change apparent to patients. It’s the biggest health-care market in Kansas City shift since HCA acquired Health Midwest’s hospitals and clinics for $1.13 billion in 2003.

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I n g r a m ’ s

October 2022

Ingrams.com