Acquisition

The University of Maryland Medical System said Wednesday that it expects to complete its acquisition of St. Joseph Medical Center on Dec. 1, nearly a year after the Towson hospital sought a buyer as it looked to recover from the fallout of one of its doctors performing unnecessary cardiac procedures. The new entity, to be called The University of Maryland St. Joseph Medical Center, will take over operations of the 2,000-employee hospital pending final federal regulatory approval.

The man tapped Thursday as the CEO of the newly created University of Maryland St. Joseph Medical Center is known for his work in oncology, but for the last few years has been working toward a career on the administrative side of the hospital business. Radiation oncologist Dr. Mohan Suntha will take over as president and CEO of the Towson hospital Dec. 1, when the University of Maryland Medical System is expected to complete its acquisition of St. Joseph Medical Center from Denver-based Catholic Health Initiatives.

Legg Mason Inc. bounced back from its first loss since 2009 with a profit of $80.8 million in the quarter that ended Sept. 30, the Baltimore-based investment company announced Friday. In the previous quarter, Legg lost $9.5 million, blaming the shortfall on the costs of refinancing debt and launching two new funds. In the July-to-September quarter last year, Legg earned $56.7 million. On a per-share basis, Legg made 60 cents per share in the latest period, up from 39 cents in the same quarter last year.

The Baltimore waterfront's iconic Harborplace is being sold to a New York real estate investment firm that has a reputation for purchasing distinctive retail centers, Mayor Stephanie Rawlings-Blake announced Tuesday. Ashkenazy Acquisition Corp., which is collecting unique commercial landmarks like Faneuil Hall Marketplace in Boston, Union Station in Washington and Rivercenter in San Antonio, purchased the Inner Harbor mall from General Growth Properties, Rawlings-Blake said in a statement.

KEYW Holding Corp., a Hanover-based defense contractor, on Tuesday said it intends to sell 7.4 million shares at a public offering of $11.75 per share in an effort to raise money to pay down debt and to fund a recent corporate acquisition. The company raised its offering from last week, when it said it intended to sell 6.5 million shares. The publicly traded company, which counts the National Security Agency and other Department of Defense agencies as customers, said this month it intended to acquire Poole & Associates Inc., of Annapolis Junction, for $126 million in cash and stock.

GP Strategies Corp., a global business consulting company based in Elkridge, has agreed to buy BlessingWhite, a Princeton, N.J., company that offers employee leadership training, the companies have announced. The roughly $10 million acquisition should be complete within a month, GP Strategies said in a statement Friday. GP Strategies expects the acquisition to add to earnings per share in 2013, the company said. Last year, BlessingWhite had revenue of more than $13 million, GP Strategies said.

KEYW Corp., a Hanover-based defense contractor that offers cybersecurity and counterterrorism solutions to government agencies, said Monday that it will sell 6.5 million shares of stock in a new public offering to raise money to pay down debt and complete a recently announced company acquisition. The publicly traded company said last week that it intended to acquire Poole & Associates Inc., of Annapolis Junction, for $126 million in cash and stock. The company last week also announced the acquisition of Sensage Inc., of Redwood City, Calif., for nearly $35 million in cash and stock.

Old Line Bancshares has reached an agreement to acquire WSB Holdings Inc., the parent of Washington Savings Bank, for about $49 million in cash and stock, the Bowie-based companies announced Monday. WSB, which has $374 million in assets and five branches, will be merged into Old Line Bancshares. Once the acquisition is completed — which is expected to happen in the second quarter of next year — Old Line will have more than $1.2 billion in assets and 24 branches in five Maryland counties, making it the fifth-largest independent commercial bank based in Maryland, the company said.