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Recent Articles from Rich Griset
New Hampton Roads bank raises $20M
Integrity Bank for Business, a new bank forming in Virginia Beach, has received signed subscription agreements for stock purchases totaling $20.285 million, it announced Tuesday. By Jan. 15, Integrity had received subscription agreements of $19.935 million by the closing date of the first phase of its stock offering; additional agreements of $350,000 were pending on […]
Preferred Systems Solutions names new CEO
Reston-based federal contractor Preferred Systems Solutions has promoted Babs Doherty to be its president and CEO. Doherty led Eagle Ray Technologies Group for 18 years as its president and CEO before joining PSS in March 2020 through its acquisition of Eagle Ray, an information technology management company that she established. Formerly a senior vice president […]
Del. Torian elected chair of Virginia Minority Business Commission
Del. Luke Torian has been elected chair of the newly organized Virginia Minority Business Commission at its inaugural meeting on Thursday. The commission was created by the 2020-2022 biennial state budget to promote growth and competitiveness of minority-owned businesses in Virginia and evaluate best practices to expand minority business ownership. “This commission’s objectives will be [&h[...]
Liberty University sues state over tuition assistance cut for online students
Liberty University, the large, private nonprofit Christian school in Lynchburg, has filed a lawsuit against Gov. Ralph Northam and the director of the State Council of Higher Education for Virginia (SCHEV), alleging that amendments to the 2020 state budget “wrongly exclude Virginia students who access higher education through online content” from receiving the Virginia Tuition […]
Stockholders approve CarLotz merger
CarLotz Inc., the Chesterfield County-based consignment dealer of used cars, announced Friday that stockholders had given it the requisite approval to complete a proposed merger with Miami-based special purpose acquisition company Acamar Partners Acquisition Corp. that is expected to close on Jan. 22. The merger is still subject to satisfaction of other conditions, including approval […]
UVA Health names new chief strategy officer
UVA Health has named Jason Lineen as its new chief strategy officer, following a national search. Lineen, an executive with more than two decades of health care strategy experience, will join UVA Health on Jan. 18. In that role, he will provide executive counsel and leadership for UVA Health’s strategic planning efforts, service line expansion […]
Reston-based Comscore secures investments for stock deal
Reston-based media-measurement and analytics company Comscore Inc. announced Thursday that Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP are each making a cash investment in exchange for shares of convertible preferred stock. Proceeds from the investment will be used by Comscore to retire existing [...]
Virginia sees record daily COVID-19 rises
Just after surpassing more than 5,000 coronavirus-related deaths, Virginia hit its highest daily average of new COVID-19 cases for the third day in a row. As of Monday, the state’s seven-day average of new cases stands at a record high of 4,480. On Saturday, Jan. 2, the average was 4,168; on Sunday, Jan. 3, the […]
500K Virginians enrolled in Medicaid since 2019 expansion
The Virginia Department of Medical Assistance Services (DMAS) has announced that more than 500,000 Virginians have enrolled in health coverage since expanded Medicaid eligibility rules took effect in January 2019. Virginia was the only state in nation to experience a reduction in its uninsured rate between 2018 and 2019, the first year of the expanded […]
Virginia has administered 50K+ COVID-19 vaccine doses so far
Having received 285,000 COVID-19 vaccine doses from two manufacturers, Virginia has distributed more than 54,000 doses in the past two weeks. Nationally, there’s been frustration with the vaccine rollout, which has been slower than expected. The Trump administration had pledged that 20 million doses of the vaccine would be administered across the country by the […]
