Hartford Business Journal

January 11, 2021

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Meriden apts. sold for $2.2M A Meriden multifamily property containing 21 apartments has a new owner, following a recent $2.2 million sale between two New York parties, according to records. Hubbard Park Condominiums at 775 W. Main St. sold on Dec. 9 to Hubbard Park Apartments LLC, led by Joanne Shkreli of Mahopac, located 13 miles west of the Danbury border. The seller was 3 NM LLC, led by Tehseen Naqvi of Long Island, which has owned the three-story, 20,158-square-foot development since 2008. UConn Health joins statewide health info exchange A data-sharing platform offered through the Connecticut State Medical Society (CSMS) announced that UConn Health has joined the system. The platform, called CTHealthLink, allows providers to access patient data from hospitals, clinics and practices as patients are cared for in different settings and at home during the COVID-19 pandemic. Yale New Haven Health also joined the network in December. Other participating entities include CVS Health and Minute Clinics, the Veterans Administration, DaVita Health, the Department of Defense, Fresenius Medical Care and Premise Health. Bristol pharmacy property sells for $7.7M A California-based family trust has purchased a Walgreens pharmacy property in downtown Bristol for $7.7 million. According to property records, the Reisman Family Trust and its trustees Jerome and Roselyn Reisman acquired on Dec. 16 the 10,600-square-foot drug store at 25 Main St. and a nearly 1-acre adjacent parking lot at 21 Main St. The seller was Farmington-based developer John Senese, founder of Calco Construction. Walgreens has leased the pharmacy property since it was constructed in 2008. www.HartfordBusiness.com • September 21, 2020 • Hartford Business Journal 3 $283.6B Connecticut's gross domestic product in the third quarter of 2020, which was up nearly 33% from the second quarter, demonstrating signs of a strong economic recovery amid the COVID-19 pandemic. $15B The money set aside in the recently passed federal stimulus bill for arts venues, providing a much-needed fi nancial lifeline for Greater Hartford and Connecticut theaters, which have been largely forced to stay closed during the pandemic. 63.5% The percentage of United Van Lines' Connecticut customers who moved out of state in 2020, giving Connecticut the fourth- highest outbound migration rate in the country, according to the moving company. $100M The cost savings that have been pledged as a result of the recently completed merger between Massachusetts health insurers Tufts Health Plan and Harvard Pilgrim Health Care, which operates in Connecticut and has a base in downtown Hartford. BIZ BRIEFS Harvard Pilgrim and Tufts fi nalize merger, promise cost savings ReSET announces 16 local companies for 2021 Impact Accelerator The merger between Harvard Pilgrim Health Care and Tufts Health Plan was fi nalized on Jan. 1, creating one of the nation's largest nonprofi t insurers. The two Boston-based insurers received all necessary regulatory approvals and announced the fi nalized merger Jan. 4. While the new combined organization will be based in Boston, Harvard Pilgrim writes health insurance in Connecticut and has operations in downtown Hartford. The new insurer — which has yet to be named — will cover 2.4 million members and pledges $100 million in savings through "administrative synergies." Harvard Pilgrim entered the Connecticut market in the summer of 2014 and had 28,072 people enrolled in HMO and indemnity plans in 2019, according to state insurance department data, up slightly from the 26,276 enrolled in 2018. Hartford nonprofi t reSET, which works with local socially-conscious BY THE NUMBERS startups in its Parkville offi ces, announced a new cohort of 16 Connecticut companies for its 2021 Impact Accelerator. The companies selected will go through a three-month program at reSET, where they will work to elevate their businesses through peer feedback, mentorship, and one-on- one guidance from reSET, according to the nonprofi t. Executive Director Sara Bodley said reSET is the only Connecticut accelerator that specifi cally focuses on local entrepreneurs whose companies have a socially benefi cial mission. "All of the companies that come through reSET are looking to make a real impact in their communities through business," Bodley said. "The past year has proven how times of crisis can bring about needed innovations and, in this case, new ways of doing business." At the end of the three-month program entrepreneurs will participate in reSET's Venture Showcase, where they will present updated business plans and a vision for growth in front of an audience that will include investors. The local foodie-favorite restaurant will continue takeout services and by-reservation outdoor dining in closed, heated greenhouses, Anderson said via Facebook post. Anderson added that January is typically the eatery's slowest month, anyway. "For that reason, coupled with lowered customer confi dence in restaurants right now, we've decided to close our indoor dining," Anderson said. "We also have some exciting changes coming to Millwrights as we return to normalcy in the spring!" Tong joins dishwasher fi ght after active year challenging Trump rules Connecticut Attorney General William Tong started 2021 much in the same way he spent 2020 ‒ partnering with other states to challenge rulings from the Trump administration. Tong on Jan. 4 joined a coalition of 15 attorneys general and the city of New York in fi ling a lawsuit challenging a recent move by the Department of Energy to weaken energy effi ciency standards for home dishwashers. Trump ‒ who made effi ciency rules for dishwashers, showers and other appliances a campaign issue ‒ had pushed for regulations exempting most home dishwashers from standards. The change was made offi cial in late October. Tong and his fellow AGs argue that the new rule violates several federal laws. CT Children's receives NIH award to research COVID-19 complications in children he National Institutes of Health awarded a research grant to Connecticut Children's hospital to study risk factors for COVID-19 complications in children. Connecticut Children's is one of eight entities nationwide to receive NIH grants for research projects focused on identifying children at high risk for Multisystem Infl ammatory Syndrome, a rare but severe after-effect of COVID-19. NIH will pay up to $20 million to the eight research projects over two years, it said. Cigna wraps $6.3B sale of life and disability division Bloomfi eld-based health insurer Cigna said it has completed the $6.3 billion sale of its group life, accident and disability insurance unit to buyer New York Life. The deal, which transfers approximately 3,000 employees and more than 9 million customers to New York Life, wrapped just over one year after it was fi rst announced. The former Cigna unit will now be called New York Life Group Benefi t Solutions. PHOTO CONTRIBUTED | COSTAR 25 Main St., Bristol

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