Week in review
TUESDAY
Coeur d’Alene-based Nighthawk Radiology Holdings paid $62.5 million in cash for two Minnesota firms, both divisions of St. Paul Radiology. One provides business services for radiology offices and the other is an after-hours emergency radiology company.
“A Spokane office of Florida-based Lincare Inc. is planning a move to the Riverwalk office complex at 1007 E. Trent Ave. The medical equipment supplier will occupy the 13,000-square-foot upper floor of the project, which is being redeveloped.
WEDNESDAY
Ryland “Skip” Davis will leave his post as top executive of Providence Health Care, the organization which includes Sacred Heart Medical Center, Holy Family Hospital and other regional operations, to head up a new division created by Providence’s parent company. As head of Providence Strategic Ventures, Davis will expand Providence’s operations and look for new moneymaking opportunities for the hospital system.
“A 56,500-square-foot Ashley Furniture HomeStore is planned on 3.7 acres of land in the Liberty Lake Corporate Park, just west of The Home Depot. The store will be independently operated by a partnership that includes a Missoula, Mont., couple who own five other Northwest stores. The partners are also looking for space to house a distribution center and plan a second Spokane-area store.
THURSDAY
The U.S. attorney’s office is investigating 21 Eastern Washington farmers suspected of cheating a federal program that pays for good conservation practices. The farmers have had to pay the federal agency more than $500,000 in reimbursements and costs. Federal authorities now are investigating whether the farmers committed crimes.
“The Kalispel Tribe of Indians plans to expand the Northern Quest Casino in Airway Heights, possibly to include a hotel, enlarged casino, theater and added convention and meeting space. The project will create an estimated 500 construction jobs and 420 permanent jobs. A groundbreaking ceremony is scheduled for 10 a.m. Monday at the casino.
“GaitherCapital, a San Francisco Bay Area private equity firm, has purchased Spokane Valley-based Robotic Process Systems Inc., which develops and produces soldering equipment for the circuit board manufacturing and assembly industry. The 22-person company will be renamed RPS Automation LLC, but will remain local.
FRIDAY
The owners of the Best Western Peppertree Inns in the Spokane area plan to build a new Best Western at Third Avenue and Division Street. The hotel would replace St. John’s Lutheran Church, which plans to build a new worship center in Latah Valley. Stained-glass windows, pews and beams will be saved for the new church.