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225M for pharmacy benefit firms Catalyst Health Solutions of Rockville, which provides pharmacy benefit management services, agreed to acquire for $225 million the pharmacy benefit management subsidiaries of Independence Blue Cross of Philadelphia. The price includes the value of a future tax benefit for Catalyst based on the deal structure, according to a joint statement. The subsidiaries, FutureScripts and FutureScripts Secure, provide services to about 1 million members, managing more than 14 million prescriptions annually. After the deal closes, Catalyst will manage Independence Blue Cross pharmacy benefits under a new 10 year contract. Catalyst will maintain the FutureScripts brand and retain FutureScripts staff. The companies expect to close the acquisition this year. Northrop Grumman closing Hagerstown plant Northrop Grumman is closing its Hagerstown maintenance facility and laying off all of its remaining employees there on Aug. 26, the Los Angeles military contractor said in a statement. Work at the facility has significantly this year. Northrop Grumman laid off 95 Hagerstown workers in May; the company did not say how many will be laid off this month. Work will continue through September, when the company expects to make final delivery of its P 3 aircraft to the Navy. Navy contract and the current lease for the facility expiring in December, there just was not a sound business case for maintaining the facility, said David Tracy, the Hagerstown site director, in the statement. The company said it is trying to place the laid off workers at other Northrop Grumman locations. Chesapeake Renewable awarded $490K grant Chesapeake Renewable Energy of Baltimore recently received a $490,000 grant from the Maryland Energy Administration as part of a $2.8 million investment in the agency Clean Energy Economic Development Initiative. The grant will allow Chesapeake Renewable Energy to lead in the site planning and development of a 5 megawatt solar photovoltaic array project on 200 acres in Somerset County, company officials said in the statement. The solar array is the first phase of a four part green energy project expected to create 200 permanent jobs and 1,000 construction jobs. The first phase of the project will create five permanent jobs and 60 construction jobs, according to Chesapeake officials. Annapolis woman indicted in fraud scheme Winnie Joanne Barefoot, 55, of Annapolis was indicted by a federal grand jury this week on charges of allegedly conducting bank, wire and mail fraud, Social Security fraud and allegedly making false statements to the Social Security Administration, according to a statement from prosecutors. According to the indictment, Barefoot who has gone by multiple aliases used the identity of Olivia JoAnne Morgan and her daughter to engage in fraudulent real estate transactions from December 2005 to August 2009. The indictment seeks a forfeiture of $4.06 million as a result of the alleged fraud schemes. Former credit loan supervisor sentenced Felicia Douglas, 42, of Upper Marlboro was sentenced to 51 months in prison followed by five years of supervised release as part of a plea agreement on charges of bank fraud and aggravated identity theft, according to a statement from federal prosecutors. Messitte to pay restitution of $194,381. According to her plea agreement, Douglas created fraudulent checking and share accounts, loans, lines of credit and credit card accounts in the name of at least five customers at Educational Systems Employees Federal Credit Union, where she worked from January 2001 to November 2005. Pair indicted on mail fraud charges Timothy C. Kany Sr., 49, and Kriste Lynn Ferrell, 38, both of Bel Air, were indicted by a federal grand jury on charges of mail fraud and conspiring to commit mail fraud for an alleged scheme to embezzle $496,409 from their employer, according to a statement from prosecutors. According to the indictment, Kany embezzled money from his employer, K Line America, and Kany and Ferrell conspired to submit false invoices to the company for $225,921. The indictment seeks a total forfeiture of $496,410. Funeral home reopens in Riverdale Park A Riverdale Park funeral home is open for business again after being shut down in May for improperly handling cadavers awaiting cremation. The Chambers Funeral Home and Crematorium reopened July 10 after making facility improvements outlined by the Maryland State Board of Morticians and Funeral Directors.