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Banking & Finance

Avidia Bank completes $192M offering in effort to go public on New York Stock Exchange

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.

UMass Memorial Health to merge two of its hospitals

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.

Westborough firm purchases Milford nursing facility for $6.8M

A Westborough firm operating four nursing homes in Massachusetts has purchased a 135-bed facility in Milford for $6.75 million. 

Marlborough Hospital to merge with UMass Memorial Medical Center

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 costs.
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Bill would eliminate driver’s license suspensions or revocations for unpaid debts

"For people living paycheck to paycheck, this policy turns poverty into a crime," Diana Williams, legislative policy counsel for the Committee for Public Counsel Services, said. "When someone loses their licenses due to unpaid debt, they face an impossible choice: stop driving and risk losing their job and ability to get around, or keep driving and risk arrest. A civil fine can quickly spiral into a criminal record."

FSU receives $7M from millionaires tax to create affordable housing for students, faculty

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.

Akoya Biosciences completes $20M acquisition by Billerica biotech firm

After months of negotiations, including those with an anonymous, unsolicited third party, Marlborough-based biotech firm Akoya Biosciences has officially been acquired by Quanterix.

Mass. business confidence remained pessimistic in June amid tariffs, Big Beautiful Bill concerns

Business confidence in Massachusetts inched upward in June, yet remained in pessimistic territory for the fourth month in a row.
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Northborough construction firm fined $744K over wage laws, misclassification of workers

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. 

Healey signs state’s $60.9B annual budget

Gov. Maura Healey approved a $60.9 billion annual budget and rolled out a companion proposal designed to empower her administration with greater cost-cutting power.
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