Business Archives - Page 43 of 47

Montgomery County: Aquilino Cancer Center Receives $1.5M to Support Pioneering Cancer-Care Programs

Published February 21, 2022 at 9:34AM

The Aquilino Cancer Center, part of Adventist HealthCare’s Shady Grove Medical Center, is the first free-standing community cancer center in Montgomery County, MD that houses all patient services under one roof. Within Aquilino, is the Bill Richards Center for Healing, named for William (Bill) Richards, PhD, a world-renowned pioneer in the treatment of the depression and anxiety that frequently accompanies a cancer diagnosis.

On February 2nd, the center announced it received two significant donations totaling $1.5MM to continue its pioneering research and innovative therapies. Long-time supporters of Shady Grove Medical Center, Mike and Amy Aquilino are among the healing center’s most ardent supporters and the force behind naming the center to honor Dr. Richards.

MoCo Resident-Owned Gentleman’s Club in DC Will Be First of Its Kind in the U.S. to Include Sportsbook Inside

By MCS Staff

Published February 20, 2022 at 10:57AM

Elys Game Technology, an interactive gaming and sports betting technology company, earlier this week announced an agreement for The Cloakroom (“Cloakroom”) to operate a sportsbook with located at 476 K St. NW, Washington DC, 20001. The Cloakroom is a gentleman’s club that is co-owned by Montgomery County native and resident Tony Cavasilios. “I’m bringing something to our region that has not been done anywhere. This will be the first Gentleman’s club in the country that will have a sports book inside of it.” said Cavasilios.

The partnership with Cloakroom would represent the Company’s second successful execution of its strategy to offer advanced betting technology through a white label sportsbook solution in restaurant and bar venues. Elys launched its small business strategy in October 2021 with the Grand Central Restaurant and Sportsbook (“Grand Central”) in the Adams Morgan area of Washington, DC. Since then, metrics sequentially for October, November, and December have shown significant growth period-over-period for both Elys and Grand Central.

Germantown: Milestone Business Park Begins Transformation to ‘Milestone Innovation Park’

By MCS Staff

Published February 20, 2022 at 9:45AM

Back in April 2021, Matan Companies announced plans to transform its Milestone Business Park in Germantown into a vibrant and collaborative life sciences destination known as Milestone Innovation Park.

The transformation will include the addition of 532,000 square feet of best-in-class bio-manufacturing and life science research space in three, brand new facilities. Milestone Innovation Park is located at Milestone Center Ct near William B. Gibbs Elementary School and sits along the I-270 Biotech Corridor with prominent visibility on I-270 at Father Hurley Boulevard in Germantown. Once complete Milestone Innovation Park will be one the largest, science-based destinations in the BioHealth region at over 1.2 million square feet.

Germantown’s Amentum Completes $1.9 Billion Acquisition of PAE

By MCS Staff

Published February 17, 2022 at 9:06PM

Earlier this week, Germantown-based Amentum announced the $1.9 billion acquisition of PAE Incorporated (“PAE”), a global leader in delivering innovative mission-critical solutions to the U.S. government and its allies on all seven continents.

Amentum is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy and environment. Headquartered in Germantown, Md., the company employs more than 37,000 people in all 50 states and performs work in 105 foreign countries and territories.

Bond Vet, Urgent Care for Pets, Set to Open Bethesda Location

By MCS Staff

Published February 17, 2022 at 10:08AM | Updated November 2, 2022 at 11:42AM

Bond Vet, a design-forward, tech-enabled brand of veterinary care clinics in New York, will be expanding to the D.C. Metro area with a new location in Bethesda, according to Forbes. It will be taking over a corner location at 7025 Bethesda Row, formerly home to Fitness Resource and a more recent Nook pop-up, where signage has already gone up according to local restaurant owner Wesley Yao.

In October, the company announced a $170 million investment from Warburg Pincus, a leading global growth investor. The funding will be used to expand Bond Vet’s footprint and invest in equipment, training, culture and technology to further improve the clinical experience for veterinarians, pets and pet parents alike. It will also start Bond Vet’s expansion into markets outside of New York, with the upcoming Bethesda location and another new location in the Boston area.

Rockville’s Compost Crew Wins National Organics Diversion Program of the Year Award

By MCS Staff

Published February 16, 2022 at 4:30PM

The US Composting Council recognized a Rockville composting company, Compost Crew, at the USCC’s annual conference in Austin, Texas. At the United States Composting Council achievement awards, the Organics Diversion Program of the Year Award went to Rockville’s Compost Crew.

Ben Parry, Chief Executive Officer, acquired the company in 2018. Compost Crew is based in Rockville, MD and provides collection services throughout the DMV area by supporting community resilience and developing several modular small-scale compost facilities.

Lockheed Martin Terminates $4.4 Billion Agreement to Acquire Aerojet Rocketdyne Following FTC Lawsuit

By MCS Staff

Published February 15, 2022 at 10:10AM

Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

On Sunday, Lockheed Martin Corporation (NYSE: LMT) announced it terminated its agreement to acquire Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD).

Germantown’s Senseonics Announces FDA Approval of the World’s First and Only Long-Term Implantable Glucose Monitoring System

By MCS Staff

Published February 13, 2022 at 1:06PM

Senseonics Holdings, Inc. is a Germantown-based medical technology company focused on the development and manufacturing of glucose monitoring products designed to transform lives in the global diabetes community with differentiated, long-term implantable glucose management technology.

On Friday, the company announced FDA approval of the world’s first and only long-term implantable continuous glucose monitoring system. Per the release, “it now offers patients exceptional accuracy for 6 months.”

CRH Healthcare Acquires 3 Adventist HealthCare Urgent Care Centers; 2 in MoCo

By MCS Staff

Published February 13, 2022 at 12:46PM

CRH Healthcare enters Montgomery County Maryland market in partnership with Adventist HealthCare by acquiring 3 Urgent Care centers

CRH Healthcare, an operator of urgent care centers in Alabama, Florida, Georgia, and Maryland has acquired Adventist HealthCare urgent care centers in Germantown, Rockville, and Laurel, the companies announced in a press release earlier this month.

Germantown’s Amentum Awarded $147 Million Air Force Maintenance and Sustainment Services Contract

By MCS Staff

Published February 10, 2022 at 9:45AM

Amentum is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy and environment. Headquartered in Germantown, Md., the company employs more than 37,000 people in all 50 states and performs work in 105 foreign countries and territories.

Earlier this week, the company announced the U.S. Air Force has awarded DynCorp International LLC, an Amentum subsidiary, a $147 million contract to provide maintenance and sustainment services in support of the U.S. Air Forces in Europe Global Prepositioned Materiel Services program. The contract consists of a base year and eight option years.

Bethesda’s Donohoe Hospitality Services Announces Senior Promotions

By MCS Staff

Published February 9, 2022 at 12:20PM

Bethesda’s Donohoe Hospitality Services is a leading hotel management company dedicated to excellence in service while providing outstanding performance for its owners and partners. Founded in 2005, Donohoe Hospitality Services is a division of Donohoe, an iconic real estate service company established in 1884.

Yesterday, the company announced promotions Cheryl Haughton to vice president, new builds, transitions & major renovations and Michael Golembe to vice president of operations.