Hartford Business Journal


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2 HARTFORDBUSINESS.COM | September 12, 2022 Biz Briefs We've got businesses covered with services like Positive Pay, which automatically prevents unauthorized transactions from posting to your account. bankatpeoples.com/businessteam We make fraud protection for businesses real simple. Member FDIC/Member DIF American School for the Deaf eyes multimillion-dollar W. Hartford campus expansion The American School for the Deaf is in preliminary discussions to build two new dormitories on its West Hartford campus that would cater to deaf and hard-of-hearing students, as well as those on the autistic spectrum and with emotional and behavioral issues. The state Connecticut Health and Educational Facilities Authority announced at its July 20 meeting that the 206-year-old school was planning to borrow $20 million to build the dormitories. M&T Bank would be the purchaser of the $20 million direct placement offering. The school is a first-time borrower through the authority, which provides not-for-profit institutions access to low-cost debt capital. Jeff Bravin, the school's executive director since 2014, said the estimated $20 million construction of the two dormitories is part of a master plan that covers the next six years. Part of that plan also includes a brand new museum, Bravin said. The American School for the Deaf in West Hartford. WIKIMEDIA COMMONS CVS to purchase Signify Health for $8B CVS Health Corp. has agreed to buy Signify Health, a home health- care services company, in a $8 billion deal. CVS and Signify Health have significant presences in Connecticut. Aetna, based in Hartford, is owned by CVS, and Dallas-based Signify Health has its principal executive office in Norwalk. The acquisition reflects CVS's shift away from retail stores and into health care. The pharmacy chain said last year that it would close roughly 900 stores over three years, according to the New York Times. "Signify Health will play a critical role in advancing our healthcare services strategy and gives us a platform to accelerate our growth in value-based care," CVS Health Presi- dent and CEO Karen S. Lynch said. CVS Health beat out at least two other suitors, Amazon.com Inc. and UnitedHealth Group Inc., which were vying for Signify Health in an auction. Signify Health runs a network of doctors, nurses and physician assis- tants who provide in-home care. New warehouse plan would replace underutilized buildings in Windsor A developer is looking to build a 170,000-square-foot industrial building on Day Hill Road where two underutilized professional buildings now stand. Day Hill Road LLC and Salvatore Campofranco bought two properties at 415 and 425 Day Hill Road from the Real Group II LLC in April 2022 for $1.2 million. The sites contain one vacant property and one mostly vacant building. Agents for the devel- CVS Health CEO Karen Lynch Site plans for a new 170,000-square-foot industrial building planned for Day Hill Road in Windsor. RENDERING | CONTRIBUTED HBJ FILE PHOTO

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