Economy

For this rural Massachusetts area, the hospital’s closure will mean extended ER wait times at neighboring hospitals already pushing capacity, quadrupled ambulance turnaround times, and ultimately, the potential collapse of a healthcare system already spread thin.

Marlborough-based IPG Photonics Corp., a global laser manufacturing company founded in a Moscow basement laboratory in 1990, has sold its remaining assets in Russia, citing the impact of ongoing sanctions related to the country’s invasion of Ukraine.

Pelmeds, a Waltham-based closed-door pharmacy specializing in medication management and delivery with a location in Fitchburg, has acquired the Brockton-based pharmacy Apothecare.  

Robert Paulhus, president and CEO of Clinton Savings Bank, is planning to retire from his position of 16-years come March 31.  

Spectrum Health Systems in Worcester, one of the largest human services nonprofits in Central Massachusetts, has promoted long-time Kristin Nolan as its new chief operating officer.

The fatal incident drew a wide variety of first responders to the scene, including multiple local fire departments, the Massachusetts State Police, and officials from the U.S. Department of Labor Mine Safety and Health Administration. 

SALMON Health and Retirement has named Susan Dooley as the Milford senior care provider’s new chief marketing officer.

Grafton-based Homefield Credit Union has named returning employee Sarah Miller as the financial institution’s new senior vice president and chief lending officer.

Unemployment rates in Central Massachusetts’ metro areas in July reached their highest points in a year and had steep year-over-year increases.

July brought another month of high home prices to Central Massachusetts.