Medical device manufacturer Grove Instruments Inc. of Worcester has closed a $3.3 million offering of preferred stock that it says will help fund clinical testing of a new device.
About a year-and-a-half ago, executives at Chicago-based Toyoda Machinery USA determined it was time to make their entrance into New England, a region home to a healthy population of machine shops that historically had access to Toyoda's high-end machines through distributors. The point of entry would be a tech center and showroom.
Four Central Massachusetts firms have been named winners of economic impact awards, given annually by MassEcon, a nonprofit that helps promote business growth in the commonwealth.
New Jersey-based Quest Diagnostics announced it has acquired ConVerge Diagnostic Services, LLC, which operates full-services medical laboratories throughout New England. This is the fourth purchase for Quest this year and its second in Massachusetts.