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 […]
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 […]
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. […]
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 […]
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, […]
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 […]
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 […]
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 […]
Tired of waiting for that professional license? If it takes too long, Gov. Josh Shapiro wants to give you your money back, a pledge outlined in an executive order he signed on Jan. 31. First, state agencies have to figure out what is “too long.” The order directs state agencies to catalog all the licenses, certificates and […]
York County has lost two of its most prominent business and philanthropic leaders. Brothers Jonathan and Timothy Kinsley died Monday while on a skiing trip in British Columbia. Jonathan, 59, was an executive with York-based Kinsley Enterprises, which oversees the Kinsley family’s business assets, including Kinsley Construction. Timothy, 57, was president of Kinsley Properties, a real estate development […]
A shareholder of Centric Financial is seeking to block the Harrisburg-area bank’s planned merger into a western Pennsylvania bank. In a class-action lawsuit filed this month in Cumberland County court, shareholder Charles Reinhardt claims the $144 million deal undervalues Centric, which is based in Lower Paxton Township, Dauphin County. The lawsuit also takes aim at other terms of […]
An expanding Philadelphia university is taking over Lancaster County-basedPennsylvania College of Health Sciences. The Lancaster-area school, which has nearly 2,000 students, has agreed to become part of Saint Joseph’s University, the second acquisition for the Philly school. The merger, expected to close in January 2024, is designed to create more opportunities for students at Pennsylvania College […]
A Lancaster-area home-care company has purchased the corporate headquarters of Drayer Physical Therapy Institute in Swatara Township, Dauphin County. Druk Homecare Services, a home-care provider based in East Hempfield Township, paid $1.7 million for the 20,812 square-foot office building at 8205 Presidents Drive, according to county deed records. Druk plans to relocate to the second floor of the […]
Construction on $15 million affordable-housing project in Lancaster city is pulling closer to the starting bell. The developer, a Lancaster-based real estate investment fund called OZFund Inc., has landed a low-interest $1.8 million loan to help cover the costs of stormwater remediation and a “green roof” for the project, which is slated for 800 S. Queen St. […]
A State College bank is making its first play in the capital region, where it hopes to drum up home and business loans. Centre 1st Bank has hired Bob Rader, a longtime capital-area banker, to head up a new loan office at 1017 Mumma Road in Wormleysburg. Rader, who lives in Mechanicsburg, is president of the […]
Business leaders may be wondering where they will find the skilled people they need to keep their companies running and growing in the years ahead. This edition of the YCEA podcast, produced in partnership with biznewsPA, offers perspective from those in the trenches of training. It features Pedro Rivera, president of Thaddeus Stevens College of […]
Inch & Co., a York-based construction and real estate company, has purchased Regents’ Glen Country Club in Spring Garden Township, York County. According to county deed records, Inch affiliate RG Golf Course LLC paid nearly $2.3 million for the property, which includes the course, the clubhouse and an event venue called Box Hill Mansion. The seller was The Greens at Regents […]
Thanks to a recent court ruling, the commonwealth of Pennsylvania could be on the hook for more than $100 million in tax refunds to businesses. The ruling came in a case that arose over provisions outlining how companies can use past losses to lower their tax bills. Some corporate taxpayers have claimed, successfully, that provisions […]