Worcester Business Journal

wbjournal.com | October 14, 2019 | Worcester Business Journal 7 There is essential, life-saving work going on right here in Worcester. Your organization should be a part of it. Making our community stronger. Making our community healthier. Making a difference. 11th Annual - Friday, Dec. 6, 2019 You can become a sponsor TODAY. (Tables are filling up fast!) www.umassmed.edu/winterball Equity firm buys majority of Gardner biotech Gardner biomanufacturer New England Peptide has received a majority recapitalization from Wellesley private equity firm Ampersand Capital Partners, as the company sets its sights on contin- ued expansion. New England Peptide designs and manufactures peptide and antibody solu- tions for drug, vaccine and diagnostic development organizations worldwide. e investment will be used to support the company's worldwide growth. e amount of Ampersand's invest- ment was not disclosed. Solar firm opening Sturbridge office Nexamp, a Boston solar and energy storage company, is opening its third Massachusetts office in Sturbridge. e office will have 15 employees in 2,100 square feet of space at 67 Hall Road, giving Nexamp closer proximity to project sites in Western Massachusetts and New York. e company has nearly three dozen community solar sites in Central Massachusetts, including a roof- top system at Worcester Academy and projects nearing completion in Charlton, Oakham and Westminster. Its other loca- tions are in Boston and Haverhill. Main Street Bank appoints new CFO Main Street Bank in Marlborough has named Paul Musgrove as its new CFO. Musgrove joins the 13-branch mu- tual savings bank from Residential Mortgage Services in Portland, Maine, where he was also the CFO. Main Street Bank was created by the 2017 merger of Marlborough Savings Bank and North Middlesex Savings Bank. e bank has $1.03 billion in assets. Massachusetts cites progress in treating opioid- exposed newborns e rate of newborns exposed to opioids in Massachusetts has soared in recent years, along with an epidemic killing as much as 2,000 people in the state annually. While prenatal exposure to opioids due to the mother's use has become a costly part of addressing the opioid epi- demic, the Massachusetts Health Policy Commission said in an October report a Paul Musgrove, CFO, Main Street Bank Real Deal highlights a recent commercial property transaction in Central Massachusetts. Commercial real estate firms wanting to submit information on recent transactions can send it to editorial@wbjournal.com. ADDRESS: 51 Harvard St., Worcester SALE PRICE: $1.1 million SELLER: Whitcomb Hall LLC of Worcester, an entity register to Karin Branscombe, the CEO of insurance firm Quaker Special Risk BUYER: Dmitry Zhivotovsky, a Worcester land- lord who owns several properties, including the Worcester Market The 1879 historic building called The Whitcomb Mansion was originally the home of George Whitcomb, one of the city's leading businessmen and founder of the Bay State Envelope Co. Zhivotovsky is considering using it for office space or housing for college students. Source: Worcester County Registry of Deeds, Massachusetts Secretary of the Commonwealth program started in 2016 has been effec- tive in reducing hospital stays for infants and the need for pharmacologic therapy. e commission launched a $3-mil- lion intervention program including a range of measures to improve care for newborns affected by drug exposure or withdrawal. Hospitals focused on non-pharmacologic therapy, which avoids the use of medication, through an emphasis on breastfeeding, skin-to-skin contact and sustained maternal presence with the infant. A more standardized assessment of infant withdrawals has optimized cases when therapy using medication was necessary. e program has shown so far to be working, the commission said, citing a 53% reduction in median hospital stay length for infants, from 17 days to eight. e number of infants requiring care in a neonatal intensive care unit fell 23%. UMass Memorial Medical Center in Worcester participated in the program. R E A L D E A L W

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