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Good morning. The Covid-19 pandemic has taken a heavy toll on restaurants. While the outlook improved at the start of the summer, it appears to be growing dim again. More than half of Pennsylvania restaurant operators, or 56%, said they faced worse business conditions in September than they did three months ago, according to a survey by the National Restaurant Association. Only 8% said conditions improved. At least the government will be open.
 
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Officials cut the ribbon on Sept. 22 for Penn State Health's newest hospital (photo/submitted).


Opening day for region's newest hospital



Employees will start their day at 6 a.m. this morning and be ready to greet patients four hours later at the newest hospital in Central Pennsylvania
Penn State Health gave tours of its new hospital at a ribbon-cutting last week ahead of today's scheduled opening (photo/submitted).

 

Why is this happening: Penn State Health has been on a growth spurt since it forged an alliance in 2017 with Pittsburgh-based insurer Highmark. Since then, the Dauphin County-based health system has emerged as the chief competitor in the Harrisburg region for Pittsburgh-based UPMC.
  • In addition to its new hospital in Hampden Township, Penn State Health purchased Holy Spirit Medical Center from Geisinger.
  • The health system also is building a hospital in East Hempfield Township, Lancaster County.

What's next: Penn State Health has been making plans to erect a medical office building at the Hampden hospital site and to enlarge the hospital itself.
  • However, the timing of any construction will be driven by demand, McKenna said yesterday in an interview. He did not specify a timeline.
  • For now, McKenna is focused on getting everything right in the days ahead.
  • "I just want patients who come here, and their families, to have the right experience that we've been really working hard to create," he said.
  • The hospital employs 300 people to start but the staff is expected to grow to 900 over the next three years.
 


Quick takes




WHO'S HIRING: Saxton & Stump. The Lancaster-based law firm has hired Jennifer Galloway as a senior counsel for its trusts and estates team. Galloway was a founding partner of York-based law firm Kearney Galloway Graybill, which now goes by Kearney Graybill. She will work out of Saxton & Stump's Lancaster office but has office space available in York County, according to Saxton & Stump spokesperson Chrissy Graham. 
  • "Jennifer has deep ties to the York Community, which will allow us to expand our footprint in the York community," Graham wrote in an email.
  • Saxton & Stump employs 67 attorneys overall and recently added an office in South Carolina.
 


WHO'S REVISING UPWARD: Bank of Bird-in-Hand. The Lancaster County bank is raising its goal for a stock offering that began last month. The bank hit its initial goal of $15 million as of Sept. 23 and now says it hopes to reach $25 million, according to a press release. The offering price is $23 per share.
  • The new target was approved by the bank's board. 
  • The additional capital is expected to help the bank make bigger loans and support growth, including new branches.

The background: Founded in 2013, Bank of Bird-in-Hand had assets of $698 million as of Aug. 31, up from $580.2 million at the end of 2020. 
  • The bank made a profit of $1.3 million in the second quarter of 2021, up from $1.1 million for the same period in 2020, according to the Federal Deposit Insurance Corp. 
 


WHAT'S NOT HAPPENING: An expansion of overtime pay in Pennsylvania. Under rules developed by the Wolf administration, the state had been scheduled to expand the number of people eligible for overtime pay. But Gov. Tom Wolf axed the rules as part of a budget deal in June. The rules would have raised the salary threshold for determining overtime eligibility as of this Sunday, Oct. 3.
The background: Former President Barack Obama proposed doubling the salary threshold to nearly $47,500 per year. But legal challenges derailed the increase.
  • Former President Donald Trump enacted a smaller hike to about $35,568 per year.
  • The proposed Pennsylvania rules would have stepped up the threshold to $45,500 per year by late 2022. The new cap would have affected an estimated 82,000 workers.
  
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Compiled and written by Joel Berg

 
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