Hartford Business Journal

September 16, 2019 — Connecticut's Healthiest Employers

Issue link: https://nebusinessmedia.uberflip.com/i/1165191

Contents of this Issue

Navigation

Page 4 of 27

www.HartfordBusiness.com • September 16, 2019 • Hartford Business Journal 5 Joe Zwiebel | Publisher, ext. 132, jzwiebel@HartfordBusiness.com Donna Collins | Associate Publisher, ext. 121, dcollins@HartfordBusiness.com Greg Bordonaro | Editor, ext. 139, gbordonaro@HartfordBusiness.com Peter Stanton | CEO, pstanton@nebusinessmedia.com Joseph Zwiebel | President, ext. 132, jzwiebel@HartfordBusiness.com Mary Rogers | COO/CFO, mrogers@nebusinessmedia.com SUBSCRIPTIONS: Annual subscriptions are $84.95. To subscribe, visit HartfordBusiness.com, email hartfordbusiness@cambeywest.com, or call (845) 267-3008. ADVERTISING: For advertising information, please call (860) 236-9998.Please address all correspondence to: Hartford Business Journal, 15 Lewis Street, Suite 200, Hart ford CT 06103. NEWS DEPARTMENT: If you have a news item: Call us at (860) 236-9998, fax us at (860) 570-2493, or e-mail us at news@HartfordBusiness.com. Hartford Business Journal accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. Hartford Business Journal (ISSN 1083-5245) is published weekly, 49x per year - including two special issues in November and December — by new England Business Media, LLC, 15 Lewis Street, Suite 200, Hartford, CT 06103. Periodicals postage paid at Hartford, CT and at additional entry points. Tel: (860) 236-9998 • Fax (860) 570-2493 Copyright 2019. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O. Box 330, Congers, NY 10920-9894 www.copyright.com HartfordBusiness.com (860) 236-9998 Health plans that work for your employees and your budget. If your current health plan isn't the best fit, take a closer look at Oxford — the health plan provider of choice for 1 out of 3 Connecticut small businesses.* We're talking plans with a 35-year history of cost savings, robust local and national provider networks, results-oriented wellness programs and a simpler online experience. Small business health plans from Oxford. Now, we're talking. uhc.com/LetsTalkOxfordCT or talk to your broker. Now, we're talking. *Based on an analysis of 2018 MLR data of Connecticut insurers. Online doctor visits are not an insurance product, health care provider or a health plan. Unless otherwise required, benefits are available only when services are delivered through a designated online network provider. Online doctor visits are not intended to address emergency or life-threatening medical conditions and should not be used in those circumstances. Services may not be available at all times or in all locations. Oxford insurance products are underwritten by Oxford Health Insurance, Inc. Oxford HMO products are underwritten by Oxford Health Plans (CT), Inc. 9637730.0 9/19 ©2019 Oxford Health Plans LLC. All rights reserved. 19-12865-A 45,328 small group members. * Industry leader. Pharmacy transparency. Digital enrollment. 35 years in CT. Cost- control strategies. Network solutions. Online doctor visits. New ways to save. Hartford campus began moving in Aug. 1, said Peter Christian, director of development and acquisitions for Greenwich-based HB Nitkin Group, the project's developer. Christian said 60 percent of the units have been leased and 40 percent are currently occupied. The complex includes a mix of studio, one- bedroom and two-bedroom apartments, and has 11,000 square feet of street-level retail and commercial space. No retail tenants have been signed there, Christian said. Monthly rents range from $1,225 to $1,990, plus parking. Pharmaceutical distributor McKesson to vacate Farmington location; 150 jobs lost After reducing its footprint in Connecticut in recent years, pharmaceutical giant McKesson Corp. plans to close one of its last remaining locations in the state. A company spokesman confirmed the maker of medical supplies will move its operations from an office building at 1690 New Britain Ave., operated by subsidiary Moore Medical LLC, to other McKesson locations across the U.S. before June 2020. The consolidation will leave almost 150 people without jobs. McKesson in recent years has moved its Southington and Rocky Hill operations out of Connecticut to other U.S. locations. A transportation facility in North Haven is its last remaining footprint in Connecticut, the spokesman said. The distributor, which relocated its headquarters from San Francisco to Irving, Texas this year, has also been sued by New Britain, Wallingford, New Haven and other municipalities for its alleged influence fueling the opioid epidemic by inflating drug prices and lacking oversight of opioid shipments. In 2010, McKesson agreed to a $15 million settlement with the state of Connecticut for artificially inflating drug costs for over 400 brand-name drugs. Berlin's Space Electronics sold Space Electronics LLC, a closely held Berlin engineer-maker of digital measurement tools, has been sold, advisers say. Space Electronics' equity owners, Benford Capital Partners LLC of Chicago and Coppermine Capital LLC, of Concord, Mass., sold the company to a third equity firm, L Squared Capital, of Newport Beach, Calif. Space Electronics, housed at 81 Fuller Way, makes precision measurement instruments for analyzing the mass properties of components, equipment and machinery, and for electronic test solutions. The company says that its instruments were used to design and test ejection seats and other components for the F-22 and F-35 jetfighters. The 81 Arch St. apartments bordering Front Street. PHOTO | CONTRIBUTED

Articles in this issue

Links on this page

Archives of this issue

view archives of Hartford Business Journal - September 16, 2019 — Connecticut's Healthiest Employers