Business Archives - Page 29 of 47

Gaithersburg’s Adventist HealthCare and Howard University Faculty Practice Plan Form Management Agreement

Published April 7, 2023 at 7:20AM

Gaithersburg’s Adventist HealthCare and Howard University announced that they have signed a Management Services Agreement, effective April 1, 2023, in which Adventist HealthCare will support and manage all practice operations at the Howard University Faculty Practice Plan (the “Faculty Practice Plan”). The Faculty Practice Plan is the employed physician practice of Howard University that supports the medical school, hospital and the community. Offering multiple specialties, the practice is closely connected to the College of Medicine and the hospital as well as provides the community with access to needed medical services.

Per Adventist HealthCare: Under the Management Services Agreement, Adventist HealthCare will bring in a new leadership team that will work closely with the Faculty Practice Plan, physicians and leaders at the university. The importance of a strong physician network to support the growing needs of the community is integral to the shared commitment of both organizations to provide culturally sensitive, patient-centered health and wellness services to all, including high-risk and underserved communities.

Shady Grove Medical Center Heart Care Team Earns Highest Recognition from American College of Cardiology

By MCS Staff

Published April 6, 2023 at 7:20PM

Adventist HealthCare Shady Grove Medical Center has been awarded The American College of Cardiology’s (ACC) ultimate national recognition for demonstrated commitment to comprehensive, high-quality cardiovascular care. Shady Grove Medical Center has earned the HeartCARE Center National Distinction of Excellence based on accreditation criteria and through its ongoing performance registry reporting. The National Distinction of Excellence is the highest recognition a hospital can receive from the ACC. This designation demonstrates an elite status and highlights an outstanding commitment to quality for cardiac patients, providers and stakeholders.

Per Adventist Healthcare: Shady Grove earned the ACC HeartCARE Center designation by meeting a set of criteria, including participating in at least two ACC Accreditation Services programs, targeted quality improvement campaigns and the National Cardiovascular Data Registry. The registry empowers healthcare providers to consistently treat heart attack patients according to the most current, up-to-date guidelines. “The entire cardiovascular team at Shady Grove Medical Center is to be congratulated on this award,” said Dennis Reed, Director of Imaging and Cardiovascular Services. “We are the only Center in Maryland to earn this recognition, and it recognizes the quality of cardiovascular care at Shady Grove as well as our commitment to ongoing quality improvement from time of arrival through acute treatment and post-discharge care.”

MoCo Native’s LavaBox Impresses Judges on Shark Tank

By MCS Staff

Published April 4, 2023 at 6:51PM

Josh Thurmond, a 1994 graduate of Quince Orchard High School and Gaithersburg native, is the inventor of LavaBox Portable Campfire– a new style of portable fire pit that’s built in a military-style ammunition can and was “created to combat climate change and reduce wildfires.” LavaBox has made waves, or fires, since its inception in late 2020, and LavaBox joined fellow Montgomery County businesses that have made it into the tank in recent months (Collars & Co. was featured in November, OoogieBear was featured in September, and ShredSkinz was featured in December) when Thurmond brought LavaBox into the tank on Friday, March 31st at 8pm.

Thurmond was looking for $200,000 for 10% equity in his company. He shared that the Lavabox comes in three sizes, with the most popular being the smaller version which retails for $195 (and costs just over $25 per unit to produce). The larger varieties cost more to produce, but also come with a higher price range. He expects to reach over $1 million in gross revenue sales by the end of this year- numbers that impressed all the sharks. Thurmond explained that most sales come directly from word of mouth, and that he wants tp get into big box stores. Mr. Wonderful Kevin O’Leary was impressed enough to offer the $200,000 for 10% equity that he was looking for. Daymond John made an offer, wanting 20% equity, but was more interested in licensing the LavaBox instead. Lori Greiner then jumped in with an offer of $200,000 for 12.5% equity, but also wants a royalty of .75 cents per unit sold until she gets $200,000 back. Her 12.5% equity would remain the entire time if the deal is accepted. considers his options and chooses to accept Lori’s offer. After considering all offers, Thurmond went with Lori Grenier’s offer.

Quince Orchard Alumnus Brings ‘LavaBox’ to Shark Tank on Friday Night

By MCS Staff

Published March 29, 2023 at 8:27AM

Josh Thurmond, a 1994 graduate of Quince Orchard High School and Gaithersburg native, is the inventor of LavaBox Portable Campfire– a new style of portable fire pit that’s built in a military-style ammunition can and was “created to combat climate change and reduce wildfires.” LavaBox has made waves, or fires, since its inception in late 2020, and now Thurmond will take it into the Shark Tank on Friday, March 31st at 8pm.

In addition to being the inventor of LavaBox, Thurmond is also the “Chief Eruption Officer” and in charge of making sure every LavaBox gets out the door to you. Per the LavaBox website, “When he is not making LavaBoxes, he develops outdoor adventure programs for people with disabilities at the National Sports Center for the Disabled. He also volunteers for Team River Runner and sits on the Board for the Colorado Whitewater Association. Needless to say, if you are looking for him, he is probably surfing on his SUP or doing enders on a sweet eddyline.”

“Shark Tank” for Students: MCPS Business Pitch Challenge Takes Place Friday, March 24

By MCS Staff

Published March 23, 2023 at 5:28PM

• Northwood

• Paint Branch

Lauren Hobart, President and CEO of DICK’S Sporting Goods and Grant Reid, former President and CEO of Mars, Inc. Elected to Bethesda’s Marriott Board of Directors

By MCS Staff

Published March 17, 2023 at 2:19PM

The board of directors of Bethesda-based Marriott International, Inc. (NASDAQ: MAR) today announced the election of Lauren R. Hobart, President and Chief Executive Officer of DICK’S Sporting Goods, and Grant F. Reid, former President and Chief Executive Officer of Mars, Incorporated, as independent directors of the company, effective March 15, 2023. Both are expected to be included in the company’s slate of nominees for election at its upcoming 2023 annual meeting of stockholders.

Rockville’s Compost Crew Doubles Food Waste Diverted in 2022

By MCS Staff

Published March 1, 2023 at 8:04AM

Rockville’s Compost Crew Inc., the largest food scrap recycling company in the Mid-Atlantic, has had announced record year of growth. According to a recent press release, the company more than doubled the amount of food waste collected in 2021 to over 15 million pounds.

Per the press release: The state of Maryland’s new law requiring large food waste generators to divert their food scraps has helped to drive over 50% growth in the number of commercial customers serviced, including apartment buildings, hotels, hospitals, grocery stores and schools. New commercial customers last year include Whole Foods Market, Hungry Harvest and the Maryland Zoo. Compost Crew also experienced significant growth with existing customers like MedStar Health and the George Washington University.

Amentum Announces Relocation of Headquarters From Germantown to Fairfax County

By MCS Staff

Published February 27, 2023 at 9:31PM

Today, Virginia Governor Glenn Youngkin announced that Amentum Services, Inc., a leading provider of engineering and advanced solutions and services to the U.S. government, allies, and commercial companies, will invest $495,000 to relocate its headquarters from Germantown, Maryland (20501 Seneca Meadows Parkway #300) to Fairfax County. In 2022, the company acquired PAE Incorporated, another leading government services contractor, and will consolidate its integrated operation at Amentum’s office at 4800 Westfields Boulevard in Chantilly. Virginia successfully competed with Maryland for the project, which will create 157 new jobs.

Per the announcement: “Fairfax County offers the location, access to decision-makers, and talent pipeline that global providers like Amentum are seeking, and we are proud to welcome the company’s leadership and operations team to Virginia,” said Governor Glenn Youngkin. “Amentum joins the ranks of the Commonwealth’s diversified ecosystem of more than 800 corporate headquarters across a broad cross-section of industries.”

White Oak Bowling Lanes to Reopen

By Patrick Herron

Published February 27, 2023 at 5:01PM

White Oak Bowling Lanes at 11207 New Hampshire Ave, which opened in 1959, has announced plans to reopen after the business closed due to flooding and a subsequent dispute with the building’s landlord back in September 2021. The bowling alley is hoping to be opened by September 1, 2023 and will have new lanes, approaches, and pin decks. White Oak Bowling Lanes released the following message on February 27:

Rockville-Based Shuttle Pharmaceuticals Signs on To Add More Lab Space in Gaithersburg

By MCS Staff

Published February 27, 2023 at 8:04AM

Rockville’s Shuttle Pharmaceuticals Holdings, Inc., a discovery and development stage specialty pharmaceutical company located at 1 Research Ct and focused on improving the outcomes of cancer patients treated with radiation therapy (RT), announced it has entered an agreement to lease new laboratory and office space, commencing in June 2023, to complement the development of the Company’s lead drug candidates and accelerate broader diagnostic capabilities on predictive biomarkers. The new laboratory space, located in Gaithersburg, Maryland, is located within the Maryland Biotech Corridor.

Per the press release: Shuttle Pharma’s platform of sensitizers offers a pipeline of product candidates designed to address the urgent clinical need for new radiation sensitizer agents. The Company’s pipeline includes Ropidoxuridine, its lead clinical sensitizer drug candidate, to sensitize rapidly growing cancer cells and selective histone deacetylase inhibitors to sensitize cancer cells and stimulate the immune system. In addition, the Company has also pursued research related to the development of human cell cultures for health disparities studies and predictive biomarkers of radiation late effects through awards received from the National Institutes of Health’s National Cancer Institute for Phase I and II Small Business Innovation Research contracts.

Rockville’s Camber Creek Raises over $100 million for Opportunity Fund I for Investment in Real Estate Technology

By MCS Staff

Published February 22, 2023 at 8:17AM

Rockville-based Camber Creek, a global financial platform focused on driving innovation in the real estate industry that’s located at 5410 Edson Lane, announced that it exceeded its target for Opportunity Fund I with capital commitments of over $100 million. In 2022, Camber Creek closed its fourth core venture fund, which it oversubscribed with $325 million in capital commitments. The Opportunity Fund, whose Limited Partners include existing and new institutional and strategic investors, gives the firm an opportunity to retain its pro rata on earlier investments as well as invest in opportunities unique to the current market environment.

Per the press release: Camber Creek now has over 300 strategic Limited Partners representing leading global real estate owners, operators, and service providers. Camber Creek invests in leading proptech companies, including Arcadia, Bilt Rewards, Curbio, Flex, HappyCo, Measurbl, Notarize, and VTS.