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www.wbjournal.com • Worcester Business Journal • 2 019 Economic Forecast 27 At ROCG – a nationally recognized leader in the business exit/transition field – we have the answers. Our hands-on, best practices approach, ensures our clients implement successful plans to meet their personal lifestyle and legacy objectives, whether it be an outside third-party sale, management buy-out or a next genera- tion family transfer. For more information, our White Paper on Business Transition, recent business exit and value growth articles and upcoming speaking engagements visit http://americas.rocg.com or contact Terry Shepherd at 617-412-4640. We work with business owners to: • re-energize their business model • help them discover what they need to support their long-term goals and financial lifestyle needs • develop a strategic plan to meet their goals • help set milestones to ensure everyone works with the end goal in mind • execute their strategic plan successfully 617-412-4640 • http://americas.rocg.com Where You Finish The Race Depends On Who You Bet On To Start. Rely on ROCG to Help You Maximize Your Business Value. better efficiency played a part in those decisions. In each of those cases, patients were shifted to other nearby services. UMass Memorial made further layoffs in the fall when it eliminated 19 information-technology posi- tions. Others are on the way: UMass has said it will close outpatient psychiatry practices at two loca- tions, the Hahnemann Campus and on Queen Street, by January. A 120-bed psychiatric facility is expected to open that month at 100 Century Drive in Worcester. >> Alternatives, The Bridge announce $82M merger Human services organizations Alternatives Unlimited of Whitinsville and The Bridge of Central Massachusetts in Worcester announced an affiliation creating a combined workforce of more than 1,200 and more than $82 million in funds. Alternatives is known for its psychiatric rehabilita- tion and community-focused approach while The Bridge focuses on providing evidence-based treat- ments and services. The Alternatives site in Whitinsville will remain, but both organizations will be headquartered in Worcester under the same management with Bridge President and CEO Ken Bates leading both organizations in those same roles. Dennis Rice, the for- mer executive director of Alternatives, will stay on as a senior advisor. According to WBJ research, the groups took in a combined $74.5 million revenue in fiscal 2016, with Alternatives leading the way with $44.1 million. Combined assets for that same fiscal year were about $41.5 million. In a statement, Bates said both organizations are fiscally and operationally strong and compliment each other. "This affiliation will enable us to better meet the needs of the individuals and families we serve," he said. In selecting possible partnerships, Alternatives wanted to be sure that its mission and values were upheld, Rice said in a statement. "It became clear that The Bridge and Alternatives will be excellent partners," he said. As CEO and president, Eric Dickson oversees all of UMass Memorial Health Care. W Ken Bates, CEO of the renamed merged entity, Open Sky Community Services