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State’s top health official: Passport lawsuit has ‘small likelihood of success’
Passport Health Plan’s lawsuit against the state has a “small likelihood of success” and even if the state changed how it distributes Medicaid dollars, the Louisville-based nonprofit still would lose...
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Schnatter to resign from Papa John’s board in settlement
Papa John’s International has agreed to a settlement with its founder, John H. Schnatter, who will resign from the board after he and the company find a mutually acceptable independent director,...
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Turning Point Brand shares spike on Q4 report
Shares of Louisville-based Turning Point Brands spiked 15 percent Tuesday morning after the company reported record net sales and record gross profit in the fourth quarter. Sales, at $94.3 million,...
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Passport Health Plan’s 2018 losses much higher than projected
As Passport Health Plan’s future hangs in the balance, the nonprofit disclosed in a new report that it lost $122 million last year, or about twice as much as it previously projected. In a financial...
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Gov. Bevin meets with state, local leaders to discuss Passport’s future; more...
Gov. Matt Bevin and top members of his administration met with state legislators and Louisville stakeholders Tuesday afternoon to discuss the future of embattled Passport Health Plan, which may face...
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Brown-Forman shares fall nearly 6 percent as tariffs curb Q3 sales
Shares of Brown-Forman fell nearly 6 percent Wednesday morning after the distiller reported lower-than-expected sales that were dragged down by tariffs. Third-quarter net sales, at $904 million, rose 3...
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BrightSpring, PharMerica, KKR complete health care deal
A complex health care deal involving two acquisitions and four businesses, including the Louisville-based home health services provider BrightSpring and the pharmacy services provider PharMerica, has...
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Passport CEO: Despite deep cost cuts, nonprofit ‘facing extinction’
The drastic cuts Passport Health Plan implemented a week ago have reduced its shortfall by about 42 percent, but it is still hemorrhaging about $1.25 million a week. CEO Mark Carter said that while...
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UofL mum on who wants to help buy Jewish Hospital
A key deadline in the University of Louisville’s search for a partner to acquire Jewish Hospital and other local health care facilities has passed, but the university won’t say who has expressed...
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Soccer club owner: Stadium site garnering interest from entertainment...
Louisville City FC co-owner Mike Mountjoy said the Butchertown soccer stadium site could see more entertainment venues than originally expected — and eventually host a women’s team, too. Club owners...
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Economist: Labor market to get even tighter this year
Solid economic growth and an even tighter labor market this year will continue to put upward pressure on wages and benefits, a Federal Reserve Bank economist said. Kevin Kliesen, business economist and...
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Humana CEO: Medicare-for-All is ‘a great opportunity’
Humana CEO Bruce Broussard said he views Medicare-for-All as a potentially enormous opportunity for the health insurance industry and patients. But he warned that how such a system would work — and who...
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Papa John’s launches foundation dedicated to ‘equality, fairness’
Papa John’s has launched a foundation focused on “equality, fairness, respect and opportunity for all.” The move comes after the company has struggled with slumping sales, nourished by racially charged...
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Passport Health may learn Monday whether it can survive long-term
As Passport Health Plan’s fate hangs in the balance, it may learn as early as Monday whether the state will change the way it distributes Medicaid dollars beginning April 1. The state’s top health...
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Ford adds platforms, pits at Kentucky Truck Plant to boost capacity
Rising demand for its big SUVs has prompted Ford Motor Co. to increase capacity at Kentucky Truck Plant by adding work platforms and pits that enable workers to simultaneously access various parts of...
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Baptist Health forms alliance with clinic operator
Louisville-based Baptist Health has entered into an alliance with a health clinic operator to bring non-emergency medical services closer to employers. Baptist will support its partner, BluMine Health,...
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Passport ‘evaluating’ state’s new Medicaid disbursement rate proposal
Passport Health Plan leaders met with state officials Tuesday to get a draft of new Medicaid disbursement rates that are to take effect April 1 and could determine whether the embattled nonprofit can...
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Passport: New Medicaid rates higher than expected
Passport Health Plan said the state’s new proposed Medicaid disbursement rates for April 1 are higher than it expected — but could not yet say whether the increase is enough to avert insolvency. “We...
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Local startup gets funds, exposure through West Coast accelerator
Louisville startup WeatherCheck is getting funds, exposure and expertise from the San Francisco Bay area-based seed accelerator Y Combinator. The Silicon Valley company provides early-stage companies...
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Shaq joins Papa John’s board; to sign advertising deal worth $8.25M
Former NBA star Shaquille O’Neal has joined the Papa John’s board of directors and plans to sign a three-year deal to appear in advertisements for the Louisville-based pizza chain for $8.25 million....
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