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October Biz in Brief

October Biz in Brief
...From the Pages of South Jersey Biz...

Tabula Rasa Healthcare of Moorestown has been approved to acquire a $40 million facility in Bridge Bank, Calif. Tabula Rasa employs almost 200 people and according to their recent 10(k) filing made $94.1 million in revenue in 2016.

The Camden County Municipal Utilities Authority (CCMUA) has begun a partnership with the Covanta Camden Energy Recovery Center (CCERC). The agreement will have the CCMUA give the CCERC one million gallons of water each day to cool the plant. In exchange, the recovery center will provide electricity to help power the CCMUA.

Invincible City Farms, run by Camden native Fredric Byarm, is aiming to bring more food to Camden to counter the problem of food shortages in the city. The goal is to have a farm and market for people to buy food from up and running in 2019.

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American Family Care, a health company based out of Alabama, will be opening an AFC urgent care center in Pennsauken in December. The site will be located on Route 130 were Jan’s Electronics formerly operated.

Local bank Liberty Bell Bank will go forward with merging with Delmar Bancorp. The merger will be a chance to break into the South Jersey/Philadelphia area for the company, as Delmar Bancorp is based out of Maryland.

Walmart and the Walmart Foundation made a $50,000 donation to the Food Bank of South Jersey. They also contributed to several other charities in the state, donating a total of $420,000.

The Horizon Foundation of NJ donated almost $1 million to various nonprofits in the New Jersey area. Among the nonprofits to receive donations were The Perkins Center of the Arts in Moorestown and Urban Promise Ministries in Camden. The group donated $20,000 and $40,000, respectively to these nonprofit organizations.

Ludwig Financial Group of South Jersey has announced the beginning of a charity program aimed at benefiting local charities. The first charity the group chose to support was Operation Warm.

The New Jersey Business & Industry Association has started the BIG SHOT campaign, a contest among startups that will award $15,000 and 48 hours of consultation with certain NJBIA members. The deadline to submit a video is Nov. 30.

Hampshire Communications announced the sale of the Towne Square Shopping Center in Mount Laurel. The 88,265- square-foot shopping center is in a location where residents make on average over $100,000 a year.

Investors Bank announced the creation of a New Jersey Devils checking account. The account includes benefits such as an exclusive New Jersey Devils debit card, as well as a chance to win tickets to Devils games whenever they use their account/debit card.

Horizon Blue Cross Blue Shield has announced a program that hopes to educate New Jersey residents on the best choice of health care plan for them. The program will include an online ad campaign about enrollment and town hall events to help with the enrollment process, among other things.

Marlton-based company Continuum Health has added Adfinitas Health to their list of clients. As Adfinitas’ revenue management cycle partner, Continuum will ensure Adfinitas receives payments in an efficient manner from the 50-plus medical centers it assists.

Voorhees-based company Comar has purchased ProPlas, a company specializing in mold making and assembly. The acquisition gives Comar the 40,000-square-foot facility ProPlas owned, pushing the total amount of manufacturing and assembly facilities Comar owns across the country to seven.

In September, Inspira Health Network of Vineland opened the first senior emergency department in the Delaware Valley. The new department includes its own entrance, waiting room and 11 patient bays with staff specifically trained in senior care.

Published (and copyrighted) in South Jersey Biz, Volume 7, Issue 10 (October, 2017). 

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Author: Stephen Huff

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