Direct investment firm PennSpring Capital has made an initial investment in a New Jersey-based soil and groundwater remediation company it says will help the company expand services to more industries.

Lancaster-based investment firm PennSpring Capital’s newest partner brings more than a decade of experience in financial reporting services and strong technology expertise, the company announced this week.

Noticing a lack of access to capital for midstate entrepreneurs, the founder of a York-based investment firm looks to build a path for investors to support businesses in the region.

Following a successful turnaround on its first two businesses in the region, Lancaster-based investment firm PennSpring Capital looks to continue its focus on midstate investments with a new acquisition.

PA Clinical Network, a Harrisburg-based organization consisting of independent physicians, signed a value-based contract with Geisinger Health Plan. Geisinger is the fifth a regional health insurer to partner with PA Clinical Network and its 150 independent physicians, the two groups announced on Tuesday.

Capital BlueCross will be offering advanced payments to independent health care providers in their network who have seen at least a 40% loss in payments from a loss in patients due to the COVID-19 pandemic.

Three days into his time as acting CEO at Capital BlueCross, Todd Shamash was promoted to the company’s top leadership role as its permanent president and CEO.

Capital BlueCross CEO and President Gary St. Hilaire will leave the Harrisburg-based insurer next month after guiding it through years of growth to become a major presence in the midstate’s competitive insurance market.

The possibility of an upcoming recession has been a hotly debated topic as economists try to pinpoint when the country’s robust economy could take a downturn, but consumer confidence in the market could point to another year in the green.

Three Pennsylvania gastroenterology practices became one to stay competitive without joining under a hospital system.