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Published: Friday, May 19, 2017 @ 2:44 PM
Updated: Friday, May 19, 2017 @ 2:44 PM
LIBERTY TWP. — The Christ Hospital Health Network will bring a family birthing center to its medical center under construction in Liberty Twp., adding yet another Butler County option for expecting mothers.
Christ Hospital broke ground on The Christ Hospital Medical Center-Liberty Township in October 2015. It is slated to open in early 2018.
The Cincinnati-based health network’s birthing center joins other maternity options in the Butler and Warren County medical building boom.
West Chester Hospital opened its maternity unit in 2015; Atrium Medical Center in Middletown recently unveiled its $1 million investment in a natural childbirth center; and Mercy Health-Fairfield Hospital’s Family Birthing Center completed a $6 million renovation to mark the 20th anniversary of its birthing center.
“Butler County is one of the fastest growing counties in the state,” said Kendall Herold, spokeswoman for The Christ Hospital Health Network. “Part of the The Christ Hospital mission is to provide high-quality, convenient services close to where our consumers live. This service will help fill a need for the families in the area to be cared for by the most preferred doctors in the region.”
The new medical center will create approximately 300 new jobs, including nursing, imaging, and entry level opportunities. Hiring is scheduled to start in late summer.
More than 30 of those 300 jobs will be in the new birthing center, which will include nine labor, delivery, recovery, post-partum and nursing rooms, four private special care nursery rooms, and two dedicated cesarean section birthing rooms, Herold said.
Nine women’s health physicians will also be practicing at the birthing center.
“Whether you are a new mom, or have had children before, the Family Birthing Center at The Christ Hospital Medical Center-Liberty Township is dedicated to providing the finest patient experiences for one of the most important moments of life,” said Dr. Robert Stephens, executive director of women’s health services at The Christ Hospital Health Network.
The plan for the center was developed and refined as part of the health network’s strategic plan in 2013, Herold said.
“This is our first off-campus ob/gyn unit in the network,” she said. “We believe the (labor, delivery, recovery, post-partum) model will meet the patient experience our patients expect and have received for more than 127 years.
The new medical center will be home to the only cesarean section birth viewing room in the region, allowing families to be in the room with the mother during a planned cesarean section birth with prior permission from the physician.
The birthing center will also offer natural childbirth amenities, including hydrotherapy and extra-large showers with seats in patient rooms. Inpatient and outpatient lactation services are also offered.
Published: Thursday, April 26, 2018 @ 2:11 PM
— Ford Motor Co. is basically a truck company — or it soon will be.
In its first quarter 2018 earnings announcement Wednesday, Ford said that by the year 2020, almost “90 percent of the Ford portfolio in North America will be trucks, utilities and commercial vehicles.”
“Given declining consumer demand and product profitability, the company will not invest in next generations of traditional Ford sedans for North America,” the automaker said. “Over the next few years, the Ford car portfolio in North America will transition to two vehicles — the best-selling Mustang and the all-new Focus Active crossover coming out next year.”
Ford also said it is exploring “new ‘white space’ vehicle” designs that combine car and utility characteristics such as “higher ride height, space and versatility.”
“We are committed to taking the appropriate actions to drive profitable growth and maximize the returns of our business over the long term,” said Jim Hackett, Ford president and chief executive.
Ford has a transmission plant in Sharonville, a plant that has about 1,660 workers.
The plant, which has said it is hiring, makes the transmission for the F-Series Super Duty truck and gear sets for additional models, as well as production for a new transmission family and additional gear sets for other vehicles.
The plant is less that three miles south of Butler County’s border with Hamilton County.
A Ford spokeswoman Thursday said she could not offer any details on how specific plants -- other than our assembly plants -- will be affected by the change.
Michelle Krebs, an executive analyst with Autotrader, said Daimler Chrysler made a similar move at least two years ago -- “and has been very successful doing so.”
Ford isn’t the first and won’t be the last domestic automaker to concentrate on trucks and SUVs, she said.
“I think General Motors will probably be pruning its line in a while,” Krebs said.
This kind of move feels permanent, she said. “I think it’s pretty much a structural change.”
Today’s SUVs get far better fuel economy then they did in earlier iterations, and Ford is adding hybrid options to its volume models, even the F-150, Krebs said.
Those moves may shield the automakers somewhat if gas prices continue to rise.
Fuyao Glass America, which has more than 2,000 employees in Moraine, supplies auto glass sets for the Ford F-150 truck. Jeff Liu, Fuyao Glass America president, said Thursday he did not expect Ford’s announcement to harm or cut production at the company’s West Stroop Road plant.
Ford had a good first quarter, saying its revenue was up seven percent year over year. Net income of $1.7 billion represents a nine percent increase year over year, “more than explained by a lower tax rate,” Ford said.
Published: Thursday, April 26, 2018 @ 12:47 PM
— After an unsuccessful bid to partner with another mall owner to buy Elder-Beerman, Washington Prime posted mostly positive first quarter earnings.
Net income for the first quarter of 2018 was $14 million, or $0.07 per diluted share, compared to $9.3 million, or $0.05 per diluted share, a year ago. The year-over-year increase in net income was primarily attributable to an increase of $8.2 million in net gains related to the sale of restaurant outparcels to an affiliate of Four Corners Property Trust.
Washington Prime owns both the Mall at Fairfield Commons in Beavercreek and the Dayton Mall.
Washington Prime addressed how it plans to combat the after effects of the liquidation of all Elder-Beerman and Bon-Ton Inc. stores, which make up a hefty portion of WP-owned anchor stores. The company feels “pretty good about addressing these stores in a comprehensive fashion sooner rather than later,” said CEO and director Lou Conforti.
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“Since 2015, WPG has completed, commenced or approved 15 department store repositionings ranging between $5 million and $20 million. Most importantly, such projects reflect an average sales volume increase of between two and three times. The liquidation of Bon-Ton Stores was expected, we planned for it and we are currently vetting several wholesale solutions for the 16 stores in our portfolio,” Conforti said.
Tenant driven redevelopment remains one of the company’s “most intriguing value propositions.” Redevelopment efforts include 34 projects currently underway ranging between $1 million and $60 million, with an average estimated project yield of 10 percent, which does not include the derivative impact of the benefit to adjacent space.
Some of these projects include adding breweries and candy stores to Washington Prime malls. Total leasing volume for the core portfolio totaled 1.1 million square feet in the first quarter of 2018. Lifestyle tenancy, which includes food, beverage, entertainment and fitness, accounted for 44 percent of total new leasing activity during the first quarter.
Andrew Feinblatt of Cincinnati-based OnSite Retail Group, said replacing an anchor tenant like Elder-Beerman is difficult. Square footage alone is an issue — as most retailers aren’t looking for massive boxes to lease out right now. Even Target is shifting to more small-format stores.
Still, Feinblatt said he doesn’t think it’s a hopeless situation for local shopping centers. Retailers, especially discount ones like At Home and T.J.Maxx, are still expanding in large spaces. Malls are “being proactive,” trying to bring in more food, drink and entertainment options at their centers, he said.
“It’s about evolution, creativity, it’s an opportunity to get creative to find a solution that appeals to today’s consumer,” he said.
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Published: Thursday, April 26, 2018 @ 2:24 PM
The new CareSource building under construction in downtown Dayton will be named after retiring CEO Pamela Morris.
The new six-story building will be named the Pamela Morris Center to honor the legacy of the founding chief executive at the nonprofit insurer.
Morris is retiring in May from her role as leader of the first mandatory Medicaid managed care program in Ohio.
Originally called Dayton Area Health Plan, the insurance company has grown to $8.9 billion in revenue last year and a workforce of 4,000. About 2,800 of those employees are in Dayton, where CareSource is headquartered.
“As founder of CareSource and CEO for nearly 30 years, Pamela Morris has made a lasting difference in the lives of our members, our employees and the Dayton community,” stated Kevin Brown, board chair at CareSource Management Group. “The Pamela Morris Center will inspire Daytonians for decades to come by reminding them of what is possible when you follow your passion.”
Pamela Morris Center, at the corner of First Street and Jefferson Street, will hold 800 employees when complete in the spring of 2019.
CareSource has nearly 2 million policy holders in Ohio, Kentucky, Indiana, West Virginia and Georgia. While it primarily manages Medicaid plans, the insurer also managed Medicare plans and sells health insurance on the Affordable Care Act marketplace.
Published: Thursday, April 26, 2018 @ 9:56 AM
— There will be two local hearings next month on a Dayton Power & Light requested rate increase.
The Public Utilities Commission of Ohio (PUCO) has scheduled public hearings on the rate increase request — at 1 p.m. May 8, at the Dayton Municipal Building, 101 W. Third St., and then at 6 p.m. May 10, also at the municipal building.
The public will be able to testify at these hearings. The rate case affects some 459,000 residential electricity consumers in the Dayton area.
The Office of the Ohio Consumers Counsel (OCC) has asked the PUCO to have DP&L and other Ohio utilities to offset or reduce their rates in light of the last year’s federal corporate income tax cuts.
In November 2015, DP&L filed a rate case asking the PUCO to allow increases in DP&L’s electric distribution rates to its customers.
DP&L proposed to collect $65.8 million more from consumers for electric distribution service — service that includes poles, wires, meters and other distribution infrastructure and equipment — than it does each year today.
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A typical DP&L residential consumer using 1,000 kilowatt-hours of electricity would pay about $4.07 more per month, or about $50 per year, under DP&L’s proposal, according to the OCC.
PUCO staff, in March, proposed an annual increase for DP&L of between $23.2 and $28.1 million.
Earlier this month, the OCC raised its own objections, recommending a rate decrease for consumers. The office recommended that DP&L collect $560,000 less from consumers than is today being collected annually, citing the recent federal corporate income tax cut.
The PUCO has a hearing scheduled in Columbus for May 14, to hear testimony on the federal tax question.