A group of investors, comprised of entrepreneur Dr. Scott Rifkin, Anne Arundel Health System and LifeBridge Health, said Monday it has formally agreed to acquire insurer Evergreen Health. This move will allow Evergreen to stay afloat and operational in the Maryland insurance marketplace. The company has been working to finalize a deal and transition to for-profit status since October, to avoid collapse as a nonprofit. The company was one of 23 health cooperatives originally established under the…
from http://www.bizjournals.com/baltimore/news/2017/05/01/investors-in-evergreen-acquisition-deal-include.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/160194617147
Months shy of its 40th anniversary, the House of Ruth has purchased a two-story building in Charles Village to expand its services. The domestic violence nonprofit that has a shelter in Northeast Baltimore purchased a building at 2521 N. Charles St. last week for $1.4 million. The structure is a 16,000-square-foot brick building that was once a Baltimore Healthy Start program location and will be converted into a community center for the House of Ruth’s Training Institute. Those programs will help…
Ocean City Brewing Co. co-founder Joshua Shores has been sentenced to five years in prison after pleading guilty to a $2.5 million wire fraud charge resulting from selling counterfeit sports memorabilia. The sentencing came down April 27 in the U.S. District Court in Harrisburg, Pa. Shores, 44, pled guilty to the charge in February and negotiated a plea deal with the U.S. Attorney’s Office. The court case wraps up as Ocean City Brewing looks to double its number of tap house restaurants this year…
The Maryland entrepreneur who created his own toy industry category with a roll of tape is hitting the accelerator on the business. Andy Musliner, founder and CEO of Crofton-based InRoad Toys and creator of its flagship product, PlayTape, let investors look under the hood — and, evidently, impressed them. His company has closed its Series A funding round, led by North Carolina-based Shurtape Technologies LLC, the tape-manufacturing giant behind Duck Tape and other widely used consumer brands. The…
Happy Monday, and to the start of May The warm weather will continue with partly sunny skies and temperatures reaching the low 80s. Here are eight things to know. • U.S. Rep. John Delaney won a gubernatorial straw poll held in the westernmost part of his Maryland district Saturday during an annual summit of the state’s Democratic Party at Rocky Gap. Baltimore County Executive Kevin Kamenetz was second, followed by former NAACP President Benjamin Jealous. [Washington Post] • The Sun profiles…
Alex Bullington was watching a basketball game when he got the idea for a new social media app. “I was watching the Warriors play and I thought ‘How cool would it be if fans could vote on what shoes Steph Curry was going to wear before a game?’” Bullington said. “And that’s kind of where Arbit started. We started working on it in fall 2015.” Baltimore-based Arbit is a social media platform that allows users to answer questions posed by friends, celebrities, athletes and brands. Through side-by-side…
There’s no shortage of new housing coming online near the city’s waterfront. From the 394 units at 414 Light St., to 289 units at a Beatty Development-led apartment building in Harbor Point, the apartment pipeline near the Inner Harbor is robust. But Jeff Kayce isn’t worried. Kayce, senior vice president of Bozzuto Development Co., is confident his company’s projects will lease without a hitch, specifically the soon-to-be-opened Anthem House building in Locust Point. On this week’s episode of the…
