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wbjournal.com | August 20, 2018 | Worcester Business Journal 7 MassDevelopment loans $1.45M for Pepperell plan e redevelopment of a 190,000-square-foot Pepperell industrial building got another big boost from MassDevelopment, which has supple- mented its original $2.25-million loan with another $1.45 million. e project, Pepperell Place, includes the redevelopment of a formerly vacant industrial building into a business center. Lexvest Chapel, LLC, an affiliate of Shirley-based Lexvest Group, is the recipient of the funds. Boston Scientific laying off 85 in Burlington Boston Scientific has alerted the state it plans to lay off 85 workers at a site in Burlington later this year. Boston Sci- entific said the job cuts will be effective from late September through December. SHINE appoints new executive director from YOU Worcester mental health nonprofit e SHINE Initiative has picked Fred Kailin as its new executive director. Kaelin will take over in mid-September and will replace Paul Richard, who is retiring at the end of the year. Kaelin was chief development officer at the Worces- ter behavioral health agency YOU, Inc. Fallon Health hits new membership high Fallon Health of Worcester hit a new high of more than 277,000 members in the second quarter, a period in which it also reported a $2.8 million net profit. e health insurer saw a spike in revenue of 27 percent over the same period last year, with revenue hitting $422 million in the quarter ending June 30. Fallon's member- ship rose by more than 50,000, or more than 20 per- cent, from the same period last year. UMass: Marijuana could help stomach problems Researchers at UMass Medical School may have found a link between mar- ijuana use and relief of inflammatory bowel disease. New research released by the medical school has shown endo- cannabinoids help control and prevent intestinal inflammation in mice. e findings are the first to explain why some marijuana users have report- ed beneficial effects from cannabis use on conditions like ulcerative colitis and Crohn's disease. Santander Bank congratulates Alvara Gjylapi, recognized as one of the Worcester Business Journal's 40 under Forty. © 2018 Santander Bank, N.A. All rights reserved. Santander, Santander Bank and the Flame logo are trademarks of Banco Santander, S.A. or its subsidiaries in the United States or other countries. All other trademarks are the property of their respective owners. 214101 08/03/2018 Personal and exceptional. SANTANDERBANK.COM Richard Burke, CEO & president, Fallon Health FINANCIAL FREEDOM NEVER GOES OUT OF STYLE Worcester-area residents have been entrusting Bartholomew & Company to guide their financial lives since 1994. As one of the region's premier wealth management firms, we offer time-honored investment strategies to address every element of your financial picture. For a personalized plan to help you achieve your vision for today and the future, partner with the experts who are right in your own community. Call us for a complimentary consultation at 508.753.8807, or visit www.bartandco.com. 370 MAIN STREET, SUITE 1000, WORCESTER, MA 01608 | 508.753.8807 Securities and advisory services offered through Commonwealth Financial Network ® , Member FINRA/SIPC, a Registered Investment Adviser. W