Hartford Business Journal

HARTFORDBUSINESS.COM | AUGUST 5, 2024 19 The Simon Konover Co. of West Hartford announced that it has hired Kelly (DeMatteo) Kilham as senior vice pres- ident of Konover Residential Corp. In this position, Kilham will lead the operations, marketing and financial perfor- mance of KRC's growing portfolio of over 6,500 residential units. She brings over 20 years of expe- rience in all aspects of residential property management and opera- tions. Most recently, Kilham was a vice president at Trio Properties and she is the immediate past president of the Connecticut Apartment Asso- ciation's board of directors. The Connecticut Main Street Center, which promotes downtown vibrancy in cities and towns, has added three new members to its board of directors: Lisa Scails, Elizabeth Esposito and Yvonne Zhao. Scails is the exec- utive director of the Cultural Alliance of Western Connecticut; Esposito is a commu- nity and government relations specialist at United Illuminating, an Avangrid Co.; Zhao is the director of small business initiatives and support for the city of Hartford. pers (PwC) since 2011. Keefe has served as an APRN in palliative care at St. Francis Hospital and Medical Center since 2001, and as section chief and lead of APRN palliative care services at St. Francis Hospital and Medical Center Trinity Health Of New England since 2020. The American Savings Foundation, a New Britain-based independent charitable foundation, recently announced the election of four new members to its board of direc- tors: Melvin J. Kelley IV, James O'Rourke, Christopher Porcher and Joyce Ribeiro. Kelley is an associate professor of law and business at North- eastern University. O'Rourke has served as the CEO at the Greater Waterbury YMCA for 15 years. Porcher is vice president of oper- ations at Community Mental Health Affili- ates. Ribeiro is a senior commercial finance manager at Stanley Black & Decker. The Central Connecticut Chambers of Commerce recently welcomed three new directors to its board. They are: Ryan Carrier, Carrier Companies LLC; Sean O'Brien, Mott Corp.; and Tony Parenti, NVSN IT. New Haven clinical-stage oncology biotech company Cybrexa Ther- apeutics announced that John Maraganore has been hired as a strategic advisor to the executive leadership team. In this role, Maraganore will provide strategic guidance and leverage his experience in the biotech industry to support the advancement of Cybrexa's peptide drug conju- gate, into Phase 2 ovarian cancer clinical trials. Maraganore served as the founding CEO and a director of Alnylam Pharmaceuticals from 2002 to 2021, where he spearheaded the company's growth from early-stage RNA interfer- ence research to the global approval and commercialization of their first four RNAi therapeutics. Under his leadership, Alnylam's market capitalization value reached $25 billion. New Haven biotech company Arvinas Inc. has named Andrew Saik its new chief financial officer and treasurer. Saik has more than 20 years of biopharma finance experience, most recently serving as chief financial officer at Intercept Pharmaceuticals Inc. While at Intercept, he led the effort to recapitalize the balance sheet by selling the international division for $450 million, and then repurchasing $390 million in convert- ible debt with a combination of cash and stock. Prior to Intercept Pharmaceuticals, Saik was CFO of Vyne Therapeutics Inc. He replaces Sean Cassidy, who left Arvinas in February. The American Heart Association of Connecticut recently announced a new board chair and members. Francine LoRusso — senior vice president, operations and executive director for Heart and Vascular Services, Transplantation Center, Medicine and Radiology Services at Yale New Haven Health — will serve a two-year term as chair of the Connecticut board of directors. There are also six new board members, including: Mark Brevard, director of multicultural commu- nity outreach, NE Donor Services; Katy Carrillo, IT director, Stanley Black & Decker; Dr. Rachel Forman, stroke neurologist, Yale New Haven Hospital; Lou Gianquinto, president, Anthem Blue Cross Blue Shield Connecticut; Ayanna Walker, associate dean, College of Health and Human Services, Southern Connecticut State University; and Wheatley Wentzel, senior vice pres- ident, Heart and Vascular Institute, Hartford HealthCare. The University of St. Joseph has three new members of its board of trustees: Vivian Chow, Keith J. Hubert and Sue Keefe. Chow is a retired vice president of human resources at Travelers Cos., and a former vice president of HR and corporate affairs at the Hartford Courant. Hubert has been managing partner of the Hartford office of PricewaterhouseCoo- Yvonne Zhao Melvin Kelley James O'Rourke Chris Porcher Joyce Ribeiro Kelly (DeMatteo) Kilham Amid growth spurt, Wallingford's Aware Recovery Care raises $1.5M By Greg Bordonaro gbordonaro@hartfordbusiness.com W allingford-based in-home addiction treatment provider Aware Recovery Care announced it has raised $1.5 million from Connecticut Innovations, the state's quasi-public venture capital investor. Aware Recovery, founded in 2011 by Stephen Randazzo, said the new funding will help expand its services to more patients, and lead to greater collaboration with state govern- ment entities, accountable care organizations, physician groups and self-insured employers. This isn't Aware Recovery's first capital raise. In 2021, it announced it raised "significant growth invest- ment" from New York City-based private equity firm Health Enter- prise Partners. Terms of that deal weren't disclosed. Aware Recovery's in-home addic- tion treatment program bucks treatment norms in both environment and length. A team of providers — including peer coaches, therapists, nurses and others — works with patients in their homes and on their schedule, over an average of seven months, but treatment could go as long as a year, said Aware Recovery CEO Brian Holzer. Treatment starts with intensive daily meetings and then slowly tapers off as clients build the confidence and support systems they need to function on their own. The company has seen significant growth since its founding. It now operates in 11 states and employs around 600 people, including 150 in Connecticut. About 80 to 90 jobs are corporate positions, while the rest are largely direct-care employees who go to patients' homes, including certified recovery advocates or peer coaches, and licensed clinicians like nurses, physicians and social workers. Holzer said in each market the company operates in, it negotiates a bundled payment arrangement with commercial insurers, which agree to pay the company a set price for its services. That's in contrast to the traditional fee-for-service model used in health care. Patients access Aware Recovery's treatment program through their employer-issued health plan. Anthem was the first insurer to support the Brian Holzer company's business model in 2016, which led to significant growth. Anthem now has bundled payment deals with Aware Recovery in eight states, Holzer said. "This is really the only example, to our knowledge, of a true concierge model of care that's available through employer-sponsored insur- ance coverage," Holzer said. Holzer, who is a medical doctor, took over as Aware Recovery's CEO in 2022, replacing founder Randazzo, who now chairs the company's board. Aware Recovery also announced two new additions to its senior leadership team. Roy Sase- naraine has been named chief operating officer, and Kara Gaylord is senior vice president of business development. Movers & Shakers Vivian Chow Keith J. Hubert

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