High interest rates hampered mergers and acquisitions for much of 2024, as did uncertainty over the outcome of the presidential election.Nonetheless, Central Pennsylvania saw plenty
If there’s no fix by this summer, flawed power market rules threaten to saddle Pennsylvania homes and businesses with billions of dollars in extra costs for electricity, according to a regulatory complaint lodged this week by Gov. Josh Shapiro.The complaint, filed with federal energy regulators, seeks to change certain rules governing the cost of power […]
Is it fraud or a failing business?That was one of the questions hanging over a court hearing held yesterday morning to consider contempt charges against Paramount Management Group, a Lancaster-based ATM network being sued by its investors.The investors want Paramount held in contempt for its alleged failure to abide by a court order issued earlier this month.Under […]
After the disruption of the Covid-19 pandemic, the job market is returning to normal for manufacturers in Central Pennsylvania, according to a recent survey by their regional trade association.However, manufacturers face an uncertain year ahead as they absorb the potential for new tariffs promised by President-elect Donald Trump.Depending on how they are applied, tariffs could […]
Sam Wetherill has been named chief pharmacy officer at Penn State Health effective Dec. 30. It is a new position for the regional health system based in Dauphin County.Wetherill worked previously at Omnicare, a long-term care provider in King of Prussia, and at ChristianaCare, a health system based in Delaware. Wetherill is also a U.S. Army veteran […]
Earlier this year, leaders at Lancaster-based Finanta Credit Union put together a five-year growth plan.Thanks to a $15 million gift from a familiar benefactor, the plan is likely to move much faster.Finanta was one of 199 organizations nationwide to receive donations this year from MacKenzie Scott, the ex-wife of Amazon CEO Jeff Bezos and a growing philanthropic force.In 2020, […]
Pittsburgh-based health system UPMC has forged long-term renewals for 724,096 square feet of medical office and clinical space spanning eight buildings in Central Pennsylvania.The landlord is National Healthcare Properties, a real estate investment trust.The lease renewal was facilitated by Lemoyne-based NAI CIR, which did not disclose the specific properties involved.“This transaction not only reinforces the […]
Amy Spellman has been named development director of the Cultural Alliance of York County effective January 2025.Spellman comes to the Cultural Alliance with nearly 15 years of development and leadership experience for organizations in Lancaster, Millersville, Philadelphia and New York City. She was previously director of fundraising and community partnership at HDC MidAtlantic, a Lancaster-based […]
Elizabeth Ritter has been named president of UPMC Carlisle. She had been interim president of the Cumberland County hospital since September following the departure of former president Jarrod Johnson. Ritter, who has worked at UPMC since 2013, has been president of UPMC Harrisburg, UPMC Community Osteopathic and UPMC West Shore since July. She was previously COO […]
Deborah Bowman, Scott Henry Ashley Hershey have been named principals at regional accounting and advisory firm Brown Plus effective Jan. 1.Bowman has been the firm’s COO/CFO and will now be COO/principal. She has more than 35 years of experience, including 12 at Brown Plus. Based in the firm’s Camp Hill office, she supervises administrative, HR, marketing, […]
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