Hartford Business Journal

HARTFORDBUSINESS.COM | SEPTEMBER 8, 2025 3 BIZ BRIE FS Hartford Mayor Arunan Arulampalam at a recent press conference. HBJ Photo | Greg Bordonaro Wheeler's Bristol location at 1 Hope St. Photo | CoStar Earlier this year, Mohegan Sun announced that it was exploring options to sell the Connecticut Sun, which it has owned since 2003. The team currently plays its home games at the 10,000- seat Mohegan Sun Arena in Montville. Arulampalam said the team should stay in Connecticut and play its games in Hartford. A Boston-based group and several Connecticut investors have proffered competing eight-figure bids for the team, but according to recent reports, the WNBA — which has final say over the deal — prefers to move the team elsewhere. New Jersey building supplier expands into CT with $1.75M property purchase New Jersey-based building mate- rials supplier Bargain Moulding is expanding into Connecticut after an affiliated company purchased a nearly 92,000-square-foot industrial complex in Windham for $1.75 million. Bargain Moulding CEO Tim Haas said the new site will allow Bargain Moulding to import materials in bulk and better serve contractors and homeowners across Connecticut, Massachusetts and Rhode Island. The complex, at 730 Windham Road, will serve as a storage and distribu- tion hub and include a showroom. Bargain Moulding, founded 40 years ago, previously operated from two Long Island locations totaling 25,000 square feet. The Windham facility offers nearly four times the space at what Haas described as a fraction of Long Island's costs. The company expects to employ up to nine people initially, with plans to grow its Connecticut workforce to about 30. Hartford-based CareCentrix to operate as standalone company under new private equity owner New York private equity firm Syca- more Partners completed its acquisi- tion of Walgreens Boots Alliance and has spun off Hartford-based home healthcare coordination company CareCentrix as a standalone business. CareCentrix now operates as an independent company and will return to its ownership structure prior to Walgreens' acquisition in 2022, the company said. Sycamore has acquired Walgreens in partnership with Stefano Pessina and his family — who were previous stakeholders in CareCentrix. CareCentrix will maintain its current leadership structure, with Steve Horowitz continuing as CEO. CareCentrix, which has been head- quartered in downtown Hartford at 20 Church St., serves over 16 million members through a network of more than 6,000 provider locations across the United States. The nearly 30-year-old company focuses on coordinating complex home care services for health plans, helping to reduce hospital read- missions and emergency department visits while managing costs. Amid funding uncertainty, CT community health centers weigh merger Two Connecticut community health centers are exploring a merger. Community Health & Wellness Center — which operates clinics in Torrington, Winsted and North Canaan — and Wheeler Health — which serves patients in Bristol, Hartford, New Britain, Plainville and Waterbury — have signed a letter of intent to evaluate combining into one network. Both are federally qualified health centers, or FQHCs. Leaders from the organizations said the potential combination would allow them to broaden primary and specialty care, strengthen operations and better respond to rising demand for services, particularly in rural areas. The potential combination comes as federally qualified health centers face funding uncertainty. Such care providers rely heavily on federal grants and Medicaid reimburse- ments, which face funding cuts under the Trump administration. In Connecticut, officials say patient demand has grown faster than funding, especially in underserved and rural regions. Wheeler Health is the much larger organization, reporting $98.5 million in revenue in fiscal 2024. Community Health & Wellness reported $13.6 million in revenue in fiscal 2023. Customized Commercial Financing Made Simple You have a vision for where your business can go, and your business bank should play an active role in that journey. Whether it's a small step or a giant leap forward, our commercial bankers will part - ner with you to tailor a solution that meets your needs. It's that Simple. Contact Dan or David today. Daniel Bishop F I R S T V I C E P R E S I D E N T C O M M E R C I A L B A N K I N G d b i s h o p @ b a n k a t p e o p l e s . c o m David Ference F I R S T V I C E P R E S I D E N T C O M M E R C I A L B A N K I N G d f e r e n c e @ b a n k a t p e o p l e s . c o m Learn More Member FDIC bankatpeoples.com/business

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