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The deal, announced in a Monday press release, seeks to accelerate Waters’ expansion into high-growth markets and deliver cost and revenue synergies.
The offering came as part of Avidia Bank’s efforts to go public, which it began in March with a filing to the U.S. Securities and Exchange Commission.
In an effort to enhance access to quality care, UMass Memorial Health in Worcester will merge its Marlborough Hospital with the system’s flagship UMass Memorial Medical Center.
A Westborough firm operating four nursing homes in Massachusetts has purchased a 135-bed facility in Milford for $6.75 million.
Public health regulators approved the merger of UMass Memorial Medical Center (UMMMC) and Marlborough Hospital on Wednesday, with the licensing overhaul deepening an existing affiliation that's expected to improve patient care and reduce operating…
Ameresco, a Framingham-based energy solutions company, is partnering with Juneau Hydropower Inc.
New low-cost academic housing will be coming to Framingham State University as the school has received $6.6 million to renovate an underutilized residence hall into apartment.
After months of negotiations, including those with an anonymous, unsolicited third party, Marlborough-based biotech firm Akoya Biosciences has officially been acquired by Quanterix.
Ursprung has been part of the Dean College faculty since 2016 and most recently served as interim assistant dean.
A Northborough-based construction company and its president have been fined $744,224 for allegedly violating a number of employee rights laws impacting 101 workers.
When City of Worcester and Worcester Red Sox officials announced in 2018 the plan to construct the Polar Park baseball stadium in the Canal District, a key part of the economic development effort was a partnership with Boston developer Madison Properties to redevelop five properties around the ballpark into residences, hotels, and office buildings, with openings scheduled to begin in 2021 when the stadium opened.
All five of those Madison projects are significantly behind schedule and only one has come to fruition -- the high-end 228-apartment complex The Revington -- although the Canal District has seen other non-Madison developments come online, including The Cove and District 120 apartment complexes. All developments in Central Massachusetts have faced headwinds since the start of the COVID-19 pandemic, including trouble obtaining affordable financing, shortage of materials and labor, and downturns in the commercial real estate and life sciences industries.
The slow development of the Madison properties was the main reason cited by City officials for why the City's plan to not use general taxpayer funds to pay for the $160-million Polar Park has failed. Members of the City Council have gone as far as to call for one key Madison property to perhaps be seized by eminent domain to make way for a new developer.
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Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
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