Investors back Inofile, Core Concepts
Two Boise companies recently notified the Securities and Exchange Commission that they’ve raised money from investors. Inofile, a technology company specializing in electronic medical records, raised $2 million out of an original offering of $6.5 million. Clothing company Core Concepts reported that it raised $371,195 out of an original offering of $402,200.
Officials with both companies declined to comment on their funding, including who funded the companies or what the new capital will be used for. Core Concepts founder Noah Bryan did say his company is planning to continue to grow.
In the SEC notices, Inofile said they offered equity for the $2 million, while Core Concepts offered equity, preferred stock and options for other securities.
Lawsuit contends S. Idaho company bilked Medicaid
State and federal officials have filed a civil lawsuit against a south-central Idaho home meal delivery service contending the company overbilled Medicaid nearly $900,000.
KTVB-TV reports the civil lawsuit filed Jan. 6 in U.S. District Court in Boise contends Robert and Mariann Griffith doing business as Homestyle Direct LLC knowingly submitted false claims for meals.
The lawsuit says the company based in Kimberly sent meals to unoccupied homes and to 67 individuals who had died
The lawsuit contends Homestyle Direct from January 2007 to February 2011 overbilled Medicaid by about $888,000.
The lawsuit seeks triple damages and penalties under the False Claims act.
Homestyle Direct officials didn’t return a call from The Associated Press Jan. 10.
The Associated Press
Colorado property firm to manage Boise apartments
Boise’s Lake Harbor apartments will be managed by a Colorado property management firm.
Griffis/Blessing Inc will manage The Landing at Lake Harbor multi-family units off State Street. Three hundred units in the complex, which range from one to two bedrooms, sit next to Silver Lake and several smaller ponds around the property. The property will be managed by Assistant District Manager Crystal White, with day-to-day operations handled by property manager Brooke Barrett.
Headquartered in Colorado Springs, Griffis/Blessings manages around four million square feet of commercial space 6,000 apartment units in Colorado and now, Idaho. The firm was founded in 1985 with an additional office in Denver.
House panel delays debate of tax rules for gays
A House panel delayed discussion of new rules forbidding same-sex couples legally married elsewhere from filing joint Idaho income tax returns.
House Revenue and Taxation Committee Chairman Gary Collins said numerous people wanted to testify, so he put it off until Jan. 14.
According to temporary State Tax Commission rules, same-sex Idaho couples legally married elsewhere must recalculate federal taxes as singles before filing state taxes.
This change — and the potential it will require gay married couples to do more paperwork and pay more than opposite-sex couples — is one foundation of a constitutional challenge filed in federal court last year seeking to topple Idaho’s 2006 gay-marriage ban.
Monica Hopkins, ACLU of Idaho director, estimates hundreds of Idaho couples married in 14 states that allow gay unions will be affected.
The Associated Press
H&W unsure of dimensions of the ‘woodwork effect’
Department of Health and Welfare director Dick Armstrong isn’t certain just how many of the estimated 35,000 Idaho residents who are eligible for government-funded Medicaid health care but so far haven’t signed up will be added to the program’s rolls this year.
Armstrong spoke to the Joint Finance Appropriations budget committee Jan. 13 about the so-called “woodwork effect.”
That’s the term applied to Medicaid-eligible people now likely to sign up, following enactment of President Barack Obama’s 2010 health care overhaul that requires nearly everybody to have coverage.
They’re coming out of the “woodwork,” hence the term.
Gov. C.L. “Butch” Otter aims to set aside $5 million — in addition to a federal match expected to be roughly $14 million — pay for Medicaid coverage for people being added to the system.
The Associated Press