Wednesday, October 23, 2024 | Baltimore, MD
Baltimore, MD
70°
Sunny
FOLLOW US:

Business

Medifast opens Harford County distribution facility

Medifast, the global health and wellness company based in Owings Mills, has expanded its presence in the state with a new distribution facility in Harford County. The company recently opened a new distribution facility in Havre de Grace where it plans to employ up to 300 people. Located at 2000 Rock Glenn Blvd., the space is open and fully-operational, with the company actively interviewing and recruiting for its new job openings.

Consolidation hits Maryland’s employee benefits administrators industry

A number of high-profile employee benefits administrators were acquired in 2021, significantly changing the industry’s landscape in Maryland for 2022. Confidio, PSA Insurance & Financial Services and Employee One Benefit Solutions LLC were all purchased by out-of-state firms last year, in line with a nationwide trend. The industry saw significantly more mergers and acquisitions in 2021 compared to 2020, according to a report from Otis Partners, a Chicago investment bank specializing in the insurance industry.

Business newspaper pages
Local newsrooms strained by budget-slashing financial firms

Newspaper industry in state of decline: not exactly a stop-the-presses headline. For two decades now — owing largely to the loss of advertising revenue to Facebook and Google — fewer and fewer Americans get their news, comics and sports from all those gazettes and tribunes and journals. But that doesn’t tell the whole story. There’s an additional threat: hedge funds and other financial firms that now own nearly a third of the daily papers in America. And these new owners are often committed not to headlines and deadlines, but to bottom lines.

Read More: CBS News
AbsoluteCare moving HQ from Baltimore to Columbia’s Little Patuxent Square

A national health care company that left Atlanta for Baltimore eight years ago is moving its headquarters once again. This time around, the new location is a little closer. AbsoluteCare is heading out of Midtown Baltimore to Downtown Columbia. It is leasing a nearly 13,000-square-foot office in Little Patuxent Square at 10175 Little Patuxent Parkway.

In growing National Harbor, eyes are once again set on a future Metro station

The master plan for National Harbor includes houses, hotels, restaurants, an outlet mall and resorts that have largely come to fruition since it opened 14 years ago in the middle of a recession. The Metro station in that blueprint has taken a divergent path. Developers included the station at a time when the transit agency was on stronger footing, hoping a rail connection to the Washington region would boost the fledgling waterfront community. National Harbor has shown it can grow without Metro, but its continued desire for a station will probably be settled during a process beginning in weeks.

Canton restaurant and three Baltimore-area chefs named James Beard Award semifinalists

The James Beard Awards are back — and three Baltimore chefs and a Chinese restaurant have been named semifinalists. Canton’s NiHao was named in the category of “best new restaurant,” while one of its founders, Peter Chang, was a semifinalist in the Outstanding Chef category for his work at his eponymous restaurants in Maryland and Virginia. A new branch of Peter Chang is set to open in Columbia this fall.

Read More: Baltimore Sun
Illinois physical therapy company closes deal to buy Towson-based Pivot Health Solutions

A fast-growing Illinois physical therapy company closed its deal to buy Towson’s Pivot Health Solutions — a physical and occupational therapy chain with more than 250 locations — for an undisclosed sum. Athletico Physical Therapy disclosed it had finalized the deal, first announced in December, to acquire Pivot on Wednesday. The combined company will have nearly 8,000 employees and more than 900 locations across 25 states and Washington, D.C.

Maryland Food Bank Receives $115,000 through Bank of America COVID-19 Employee Booster Initiative

Bank of America today announced a $115,000 donation – the equivalent of 230,000 meals – to the Maryland Food Bank (MFB) to address food insecurity in the region. An estimated two million Marylanders faced hunger in 2021, according to MFB’s Maryland’s Hunger Map analysis. As the pandemic continues, hunger relief organizations in Maryland and across the country are facing ongoing challenges such as increased demand for their services and rising food prices.

Read More: The AFRO
green and white vintage truck
Bank of America provides Baltimore nonprofit, The Lazarus Rite, $150K Grant

Bank of America says it remains committed to strengthening the communities it serves and one way the financial institution does that is through supporting local workforce development and education initiatives. With $150,000 in grant funding from Bank of America, The Lazarus Rite can now expand efforts to meet workforce needs in the region through job readiness and skill certification, providing stable employment for formerly incarcerated individuals and helping to reduce recidivism.

AFN: How the Social Media Revolution is Influencing the Original Influencers

Social media is moving at a rapid speed and companies are expected to be responsible in different ways than ever before. As a CEO, it’s important to establish what kind of company you want to have and how you will respond to crises. Public Affairs experts Gordon Bronson, Colm O’Comartun, and Damian O’Doherty spoke with Advantage Foundry Network, LLC (AFN) for a CEO Roundtable discussion on public affairs, social media and crisis management.

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.