NewHavenBIZ

New Haven Biz-June 2021

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n e w h a v e n b i z . c o m | J u n e 2 0 2 1 | n e w h a v e n B I Z 3 F r o m T h e E d i t o r s Volume 4 • Number 6 • June 2021 New Haven Biz 900 Chapel Street, New Haven, CT 06510 (203)-937-2148 • www.newhavenbiz.com EDITOR Greg Bordonaro MANAGING EDITOR Michelle Tuccitto Sullo CONTRIBUTING WRITERS Matthew Broderick Christopher Hoffman Melissa Nicefaro Frank Rizzo Joanna Smiley Sean Teehan DESIGN DIRECTOR Mitchell Hayes PRODUCTION DIRECTOR Kira Beaudoin PRESIDENT & PUBLISHER Tom Curtin CHIEF EXECUTIVE OFFICER Peter Stanton CHIEF FINANCIAL OFFICER/CHIEF OPERATING OFFICER Mary Rogers DIGITAL DIRECTOR Jan Holder AUDIENCE DEVELOPMENT DIRECTOR Valerie Clark EDITORIAL DIRECTOR - CT Greg Bordonaro NEW HAVEN BIZ (ISSN 2639-605X), is published twelve times annually, 900 Chapel St., 10th Floor, New Haven, CT 06510. Copyright 2018. All rights reserved. Subscriptions: Annual subscriptions are available for $29.95. To subscribe please email circulation@newhavenbiz.com or contact our circulation team at 203-937-2148 ext. 4 New Haven BIZ accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. A division of: New Haven BIZ is a publication of New England Business Media, LLC. I t has been a turbulent year for the healthcare industry, with its leaders shepherding their respective organizations through a once-in-a-lifetime pandemic. In this issue, we are spotlighting the region's Power 25 leaders in the healthcare sector. ey run the region's largest hospitals as they have cared for thousands of critically-ill COVID patients and non-COVID patients alike. ey helm biotech companies working to find cures for ailments that have plagued mankind — such as cancer, paralysis and Alzheimer's disease — and they are making progress. Some are visionaries who imagine ways to improve health care, and then make it happen. Read on to learn more about these leaders and how they are changing the future of patient care. In our monthly feature on startup companies, you can read about Guilford-based Tesseract Health Inc., which has an eye- imaging diagnostic technology platform. e company says its retinal imaging can be used to diagnose a range of diseases and ailments, from blood pressure to diabetes and heart attack risk. While we are on the topic of health let's talk about beer — non- alcoholic beer that is. Stratford's Athletic Brewing Co. has found a growing niche making a more healthy non-alcoholic beer and recently raised $50 million as it embarks on a major expansion. inking about selling your business? Finding the right buyer is crucial, and many business owners are turning to private equity buyers. is issue tackles the pros and cons, and what owners need to consider when they are looking to move on. Speaking of selling and buying, a story about the Elm City's office market takes a look at the impact the pandemic is having on companies' office space needs. e situation presents both opportunities and challenges for New Haven. Have you ever thought about whether it would be better to let an outside firm handle some of your business' financial operations? Read on to learn more about how outsourcing of work such as accounting and payroll is on the rise, and whether this option might be right for you. We hope you enjoy the June issue. Please send us your feedback and story ideas. n Michelle Tuccitto Sullo, Managing Editor msullo@newhavenbiz.com Greg Bordonaro, Editor gbordonaro@newhavenbiz.com Navigating a turbulent year 4 | Around the Region 5 | By The Numbers 6 | Startups, Technology & Innovation 7 | Corner Office 8 | On the Record | Q&A C o n t e n t s Michelle Tuccitto Sullo T H E L I S T S 26 | Employee-benefits consultants in Greater New Haven 27 | Top 10 NIH grant winners, Greater New Haven newhavenBIZ 28 | Arts & Business 29 | What's the Deal? 30 | C-Suite 31 | Biz Starts 10 | Going Lean More companies outsourcing financial work. 11 | Private Equity CT's aging business owners increasingly turn to private equity buyers. 12 | Tapped In With $50M fundraise, Stratford's Athletic Brewing Co. is taking the non-alcoholic beer industry by storm. 14 | Trading Places Realtors get creative in helping buyers, sellers navigate CT's hot housing market. 16 | Market Uncertainty Opportunities, challenges face New Haven's post-pandemic office market. 20 | POWER 25: Healthcare Meet the Greater New Haven healthcare industry's most powerful movers and shakers. F E A T U R E S D E P A R T M E N T S Greg Bordonaro 10 11 14

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