Spokane Journal of Business

In The News

February 16, 2017

February 9 / Dental residency program, clinics planned 

Providence Health Care, CHAS Health, and the Spokane District Dental Society said they are working together to establish a dental residency program here and to develop two new dental clinics, one near Providence Holy Family Hospital and one in Providence Sacred Heart Medical Center. The organizations say the clinics could provide dental care to nearly 12,000 low-income adults in Spokane County. 

 

February 9 / Deaconess garners stroke designation

Deaconess Hospital said the Washington state Department of Health has named it as a Level-I Stroke Center. The designation means that Deaconess is able to provide the highest level of around-the-clock care for stroke patients. The hospital previously had been a Level-II Stroke Center. 

 

February 9 / Smoke-free guidelines endorsed

Spokane Regional Health District said its Board of Health has passed guidelines and recommendations for smoke-free policies specific to worksites and housing in Spokane County. The effort is intended to support employers and property managers who adopt policies aimed at curbing secondhand smoke exposure.

 

February 8 / Clearwater Paper’s earnings decline

Clearwater Paper Corp., of Spokane, reported fourth-quarter net income of $9.3 million, or 56 cents a diluted share, compared with income of $11.6 million, or 65 cents a share, in the 2015 fourth quarter. For all of 2016, Clearwater reported earnings of $49.6 million, or $2.90 a share, down from $56 million, or $2.97 a share, in 2015.

 

February 7 / Red Lion inks more franchisees

Red Lion Hotels Corp., of Spokane, said it signed three franchise agreements last month and had eight hotel openings in its franchise network. Last year, the company signed 87 new franchise agreements and had 68 hotel openings in its network.

 

February 7 / Valley’s Careful Cleaners sold

Thompson Laundry Co. owners Denny and Kelli Thompson said they have bought Careful Cleaners, at 1014 N. Pines, in Spokane Valley. Thompson Laundry currently operates three other laundry facilities in the Spokane area, though it plans to close Deer Park Cleaners and transfer those operations to Careful Cleaners. Doug Vestal, longtime owner of Careful Cleaners, is retiring.

 

February 6 / Gallatin Public Affairs, D.C. firm to partner

Gallatin Public Affairs, the Portland-based public relations agency that operates a Spokane office, said it has entered into a partnership with FP1 Strategies, of Washington, D.C. Through the partnership, the companies plan to offer a range of digital services to support public affairs, government relations, communications, and business marketing campaigns.

 

February 1 / Apartment rents here rise

San Francisco-based Apartment List said in its February report that median rents in Spokane were up 4.8 percent over a year earlier and down 1.8 percent from the previous month. Nationwide, the company said, rents have plateaued since last May.

 

January 31 / Potlatch’s net rises for Q4, falls for year

Potlatch Corp., of Spokane, reported fourth-quarter net income of $14.4 million, or 35 cents a diluted share, up sharply from $3.5 million, or 9 cents a share, in the 2015 fourth quarter. For all of 2016, however, the company’s earnings were down substantially, at $10.9 million, or 27 cents a share, compared with $31.7 million, or 77 cents a share, in 2015. 

 

January 31 / Key Tronic’s earnings dip slightly

Key Tronic Corp., the Spokane Valley-based provider of electronic manufacturing services, reported net income of $1.5 million, or 14 cents a diluted share, for its fiscal year 2017 second quarter ended Dec. 31. That was down slightly from net income of $1.7 million, or 17 cents a share, in the year-earlier period. The company said, however, that it has captured some new business that should begin generating revenue before the current fiscal year ends.

 

January 30 / Itron inks contract with New Mexico utility

Itron Inc., the Liberty Lake-based maker of automated meter-reading technology, said Public Service Co. of New Mexico has selected Itron to modernize the utility’s electric distribution system. The company serves more than 500,000 residential and commercial customers in New Mexico.