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Business briefcase: Aug.8 , 2014

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Local farmer appointed to

Farm Credit Mid-America Board

Mary Courtney of Bagdad, Kentucky has been appointed to the Farm Credit Mid-America Board of Directors. Her one-year term began July 1.

Courtney raisesburley tobacco, grain, vegetable produce and cattle on more than 600 acres in central Kentucky. Along with her husband, Shane, they co-own Courtney Farms and Lawns of Perfection. She serves on the board of the Shelby County Farm Bureau and is a member of the Shelby County Extension Council.

A graduate of the University of Kentuckywith aBachelor of Sciencein Ag Economics, she started farming full time with her husband in 2008. In 2013, the Courtneys were named Kentucky Farm Bureau’s Outstanding Young Farm Family.

Courtney filled a vacancy left by Dan Flanagan of Campbellsville who is now serving on the AgriBank Board of Directors.

Farm Credit Mid-America is a financial services cooperative serving the credit needs of farmers, agribusinesses and rural residents across Indiana, Ohio, Kentucky and Tennessee for nearly a century. Backed by the strength of nearly 100,000 customer-members and $20 billion in assets, Farm Credit Mid-America employs more than 1,100 staff and provides loans for real estate, operating, equipment, housing and related services such as crop insurance, and vehicle, equipment and building leases. For more information, visit them on the web at www.e-farmcredit.com.

 

Lexmark ups offer for Swedish company

On Tuesday Lexington-based Lexmark International has increased its offer for outstanding shares of ReadSoft, a publicly traded Swedish company it has been trying to purchase since May.

This is the fourth offer the company has made for ReadSoft stock, Business Lexington reported.

ReadSoft operates in 70 countries and has more than 12,000 customers worldwide including BASF, Siemens, Bosch, HSBC, ING, Lego and John Deere. The company has 625 employees and reported revenue of $117 million in 2013.

Tuesday’s offer was for $248 million. Lexmark’s first offer for outstanding stock was $182 million.

Lexmark’s main rival for the purchase has been Hyland UK, which has stepped in to offer more for the outstanding shares of ReadSoft after each Lexmark bid.

 

iHealth Solutions moving

headquarters to Louisville

Another health care company is moving its main operations to Kentucky. Gov. Steve Beshear Wednesday announced iHealth Solutions LLC will establish its headquarters in downtown Louisville, the Kentucky Press News Service reported.

iHealth, which provides technology and other services for medical records, as well as medical billing and claims processing services, plans to create 70 jobs and invest $1.7 million into the project.

“iHealth will make an outstanding addition to the health care landscape in Louisville, which continues to grow,” said Beshear. “We’re thrilled to see 70 new jobs and are always excited to have innovative leaders join the community as a result of a new corporate headquarters.”

iHealth will move its corporate headquarters from Virginia into the Meidinger Tower on South Fourth Street this summer. The company expects the move will help grow its business and generate new clients nationwide.

“Louisville may be situated 738 miles from Wall Street, but it is at the heart of an active hub for health care,” said Venkat Sharma, CEO of iHealth. “We are excited about setting up our headquarters in Louisville and growing the company nationally – offering technology-enabled services to physician practices as well as to hospitals across the United States.”

 

KentuckyOne Health to staff medical tents at PGA

KentuckyOne Health physicians and other staff will provide medical management for the 150,000-plus spectators expected for this weekend’s 96th PGA Championship at Valhalla Golf Club in Louisville. KentuckyOne Health is the parent company of Jewish Hospital Shelbyville.

A study done by the National Weather Service revealed that 28 percent of lightning fatalities occurred on a golf course. In case of thunderstorms, it is crucial that all patrons seek shelter immediately.

In addition to having a forecast of thunderstorms, there is also an air quality alert issued for the area.

Dehydration is another issue of concern. Symptoms of dehydration include thirst, dry or sticky mouth, infrequent or no urination, headache and muscle cramps. If you experience any of these symptoms, increase your fluid intake immediately and seek assistance from one of the three KentuckyOne medical trailers on site at Valhalla.

“While having the PGA Championship in Louisville is incredibly exciting, it’s important that attendees are aware of the risks involved with attending an event of this size,” said Dr. Mario Maya, medical director. “It is our hope that no incidents take place, but if something happens, we’re on-site and ready to help.”

The three trailers will be staffed daily for the duration of the event from 7 a.m. to 8 p.m.

 

Bulliten Board

  • Kroger and the Kentucky State Fair are partnering to offer advance discount fair tickets. Advance discount admission tickets are $8 for adults and $4 for children 3-12 years old and seniors 55 and over. Midway ride tickets are $17 for a strip of 22 tickets. This discount is available until 10 p.m. Wednesday. Discount tickets will also be available at the Kentucky Exposition Center and Kentucky International Convention Center Ticket Offices.

 

Bits & bytes:

  • Average retail gasoline prices in Louisville have risen 10.1 cents in the past week, averaging $3.61 per gallon as of Sunday, according to GasBuddy's daily survey of 644 gas outlets in Louisville. This compares with the national average that has decreased 1.5 cents in the past week to $3.49 per gallon. Including the change in gas prices in Louisville during the past week, prices Sunday were 10.4 cents per gallon lower than the same day one year ago and are 32.1 cents per gallon lower than a month ago. The national average has decreased 16.4 cents per gallon in the last month and stands 12.3 cents per gallon lower than this day one year ago.

 

Briefcase is compiled from press releases and other information submitted to The Sentinel-News. The Kentucky Press News Service contributed to this report. Information and photos may be E-mailed to sharonw@SentinelNews.com. The deadline is noon Wednesday.