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Author: Joel Berg

Banking/Finance

PA Court OKs tax refund over location issue

In a case that could have far-reaching implications for corporate taxpayers, the state’s highest court has awarded a $2.1 million tax refund to a Pennsylvania-based arm of Johnson & Johnson.Reached last week, the decision hinged on what sounds like a simple question: Whether the company owed taxes in Pennsylvania based on services produced in this state […]

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Banking/Finance

Camp Hill bank to merge with Delmarva peer

Camp Hill-based LinkBancorp has struck a deal that will extend its footprint into Delaware, Maryland, New Jersey and Virginia.The bank said yesterday it has agreed to a “merger of equals” with Partners Bancorp, a Salisbury, Maryland-based bank with a long history in the Delmarva region. The all-stock deal is valued at $167.8 million, according to a press release. […]

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Real Estate

Harrisburg federal building sold again

The Harrisburg federal building has changed hands after all.Global Ocean Investments, which bought the 11-story building about a year ago for $10.01 million, has sold it for $13.13 million, according to Dauphin County deed records.The buyer is 1422 Route 179 Florida Realty LLC., whose leader affirmed plans to convert the office tower at 228 Walnut St. into apartments.“It’s […]

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Health Care

Lanco practice eyes growth in telemedicine

A Lancaster County medical practice is bellying up to the browser bar.US Digestive Health at Lancaster is rolling out a telemedicine service that could become a template for sister practices in its gastroenterology network, known as US Digestive Health.  The service builds on the network’s experience with telemedicine during the pandemic and its growing acceptance among both patients and providers, […]

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Health Care

Can new fees fix EMS finances?

Many ambulance companies have opted for mergers and consolidations to offset the crushing financial pressures they face.In northwest Lancaster County, local leaders have come up with another option. They are proposing a regional authority that would levy fees on property owners to support an ambulance service. “There’s pushback on the fees,” acknowledged Marc Hershey, president […]

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Construction

Flagger Force sells stake to investment firm

With spending on bridges and highways expected to ramp up, a Florida-based investment firm has bought into Flagger Force, a Hummelstown-based company whose crews can be found directing traffic around work sites.Blue Sea Capital said yesterday it had invested in Flagger Force as part of a strategic partnership to support the company’s growth. Terms of the deal were […]

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Health Care

Highmark hit by data breach

A phishing attack in December exposed personal information on about 300,000 members of Highmark insurance plans, including about 96,000 members in Pennsylvania.The Pittsburgh-based insurer disclosed the breach last week in a notice to the office of the Maine attorney general. In a statement, Highmark said it “immediately responded” to the incident and launched an investigation. So far, […]

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Economy

Podcast: The business of sports and recreation

The pandemic had a disparate effect on sports and recreation in York County.People flocked to golf courses and hiking trails, both perceived as relatively safe spaces.But some sports were forced to cancel entire seasons. That was the case for the York Revolution baseball team, which had to come up with creative ways to keep revenue […]

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Banking/Finance

PennSpring scoops up STEM camp operator

A Lancaster-based private equity firm is taking a third shot at the youth-enrichment market, a space where it has found success in the past.PennSpring Capital has acquired Emagination Tech Camps, which has been rebranded as Emagination STEM Camps, according to Lou Castelli, PennSpring’s managing partner. The previous owner was a private investor who bought the company during the […]

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