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Peter Stanton | CEO, pstanton@nebusinessmedia.com Tom Curtin | President, ext. 124, tcurtin@hartfordbusiness.com Editorial Greg Bordonaro | Editor, ext. 139 gbordonaro@hartfordbusiness.com Drew Larson | Web Editor, ext. 121 alarson@hartfordbusiness.com Beat: Energy Michael Puffer | Staff Writer, ext. 145 mpuffer@hartfordbusiness.com Beats: Real Estate, Economic Development, Banking & Finance Hanna Snyder Gambini | Staff Writer hgambini@hartfordbusiness.com Beats: Economic Development, Arts, Culture & Tourism David Krechevsky | Staff Writer, ext. 702 davidk@hartfordbusiness.com Beats: Health Care, Bioscience Stephanie R. Meagher | Research Director Heide Martin | Research Assistant Steve Laschever | Photographer Business Tom Curtin | Publisher, ext. 124, tcurtin@hartfordbusiness.com Jessica M. Quinn | Associate Publisher, ext. 137 jquinn@hartfordbusiness.com Emily Paskind | Senior Accounts Manager, ext. 133, epaskind@hartfordbusiness.com Donna Hogan | Senior Accounts Manager, ext. 101, dhogan@hartfordbusiness.com Tracy Rodwill | Human Resources Manager trodwill@nebusinessmedia.com Production Bartosz Zinowko | Production Director, ext. 147 bzinowko@hartfordbusiness.com Biz Briefs Quinnipiac University President Olian announces plans to step down The CVS at 150 Washington St. in Hartford will be partially converted into an Oak Street Health clinic, pending project approval. PHOTO | COSTAR Trinity Health Of New England's sign outside St. Francis Hospital in Hartford. PHOTO | JOSEPH DRISCOLL Trinity Health, UnitedHealthcare reach new multiyear agreement Trinity Health Of New England (THONE) announced it has reached a new multiyear agreement with UnitedHealthcare. Terms of the deal, which is effective as of Aug. 19, were not disclosed. It came 50 days after the previous contract expired on June 30, and ends months of contentious negotiations. The new agreement covers THONE's hospitals in Connecticut as well as Trinity Health Of New England Medical Group. THONE's Connecticut hospitals include St. Francis Medical Center and Mount Sinai Rehabilitation in Hartford; St. Mary's in Water- bury; and Johnson Memorial in Stafford Springs. The previous contract expired at midnight June 30. A spokesman for UnitedHealthcare said in May that approximately 27,000 members overall had received services from a Trinity Health Of New England provider or facility in the past 12 months. In a statement emailed to Hartford Business Journal after the previous contract expired, Trinity Health said "a cooling off period" would continue to provide in-net- work access to all of its hospitals for those insured with United- Healthcare through Aug. 31. During the negotiations, both organizations posted messages on their websites attacking the other, with each claiming they were keeping their customers' best interests in mind. CVS-owned national primary care practice eyes first CT locations CVS Health made a splash last year when it spent $10.6 billion to acquire Chicago-based Oak Street Health, deepening its foothold in primary care. Oak Street Health, which focuses on Medicare patients, said at the time of the deal it employed approximately 600 primary care providers in 169 medical centers across 21 states. But it didn't have any Connecticut locations. That's about to change. Q uinnipiac University Pres- ident Judy Olian announced that she will step down from her role at the end of the 2024-25 academic year, after seven years on the job. Olian joined Quinnipiac in 2018 as the school's ninth presi- dent. She steered the univer- sity through the COVID-19 pandemic, helped launch numerous new degree and certificate programs, and oversaw construction of the Recreation and Well- ness Center and develop- ment of the South Quad, which features several new buildings, including a business school and recently opened 415-bed residence hall known as The Grove. Quinnipiac said its board of trustees will conduct a national search for Olian's successor over the coming months. Judy Olian CVS by the end of this year said it plans to open three Oak Street Health centers within existing pharmacy locations in New Haven, Waterbury and Bridgeport. CVS has also submitted plans to the Hartford Planning and Zoning Commission to partially convert its Hartford pharmacy at 150 Wash- ington St., into an Oak Street Health clinic that will include 16 exam rooms and a central nurse care station. New Haven quantum-computing startup completes $60M capital raise New Haven's Quantum Circuits Inc., a Yale University-based quantum computing startup, said it has secured a final Series B investment round of more than $60 million. The funding will provide additional capital support as the company prepares to commercialize its quantum systems. Quantum computing utilizes "qubits" or quantum bits, which are the basic units of information in quantum computing. They operate differently than traditional computer bits, allowing quantum computers to solve certain problems at exponential measures and speeds. Quantum Circuits is developing its technology based on a proprietary approach to error correction, which is a key ingredient for effective quantum computers. A quantum computer is susceptible to interference from various outside sources, known as "noise," including things like the earth's magnetic field and Wi-Fi signals. When qubits are exposed to that noise, it impacts their quality and "leads to errors that result in incorrect answers" in computing, according to Ray Smets, who was named president and CEO of the company in February. The latest fundraising round follows other successful capital raises that have occurred since Smets joined the company. The investment was led by ARCH Venture Partners, F-Prime Capital, Sequoia Capital and Hither Creek Ventures. Hartford's historic Butterworth Hall among 5 new coworking locations opening in CT One of the world's largest coworking space operators announced that it will open five new Connecticut locations over the next 12 months, including one in the historic Butterworth Hall in the West End of Hartford. International Workplace Group (IWG) plans to open new coworking spaces in Stamford, Bloomfield, Shelton, Hartford and Old Saybrook, under its brands Regus and HQ, as hybrid working becomes a reality for more workers. The Hartford location will open Ray Smets is the president and CEO of Quantum Circuits. HBJ PHOTO | STEVE LASCHEVER