Worcester Business Journal

April 27, 2015

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www.wbjournal.com April 27, 2015 • Worcester Business Journal 5 Technology (HART) has resigned, replaced on an interim basis by CFO Thomas McNaughton, the company announced. HART, which is develop- ing regenerated organs for transplant that are initially focused on the tra- chea, said David Green, who was CEO, president and board chairman, has stepped aside, although he'll remain on the board. John F. Kennedy, a board member since December 2012, has been named chairman, the company said. HART said it has begun a search for a new president and CEO. MARLB OROUGH — Boston Scientific has aligned itself with a Chinese company that will help the medical device manufacturer reach out to more doctors who remove stones from patients' bile ducts. Boston Scientific (BSX) will also buy an undis- closed stake in the firm, Frankenman Medical Equipment Co., according to a statement from BSX. The agreement will allow both firms to reach more doctors and treat more patients by pro- viding training on less-invasive endo- scopic technologies, along with their clinical and economic benefits, the BSX statement said. Warren Wang, with BSX in China, said more than a million bile duct stone-removal proce- dures are performed each year in that country. "While less invasive endo- scopic procedures can lead to better patient outcomes and reduced … costs, access to these procedures is extremely limited," he said in the statement. HUDSON — Internet security provid- er Corero Network Security is part- nering with a Reston, Va., firm to improve customer defenses against dis- tributed denial-of-service (DDoS) attacks. DDoS attacks seek to over- whelm online services with too much web traffic. A statement from Corero says the integrated approach combines Corero's on-premises technology with Verisign's cloud-based DDoS protec- tion technology, OpenHybrid, to stop some attacks. Together, the architec- ture is designed to detect and respond to a large spectrum of DDoS attacks. NATICK — Convergent Dental, a privately held dental equipment and technology company, has entered into a distribution partnership for its dental laser product, Solea. Dental practitio- ners will be able to buy Solea from Darby Dental Supply, the nation's larg- est all-telesales distributor of dental merchandise, Convergent Dental announced. Solea is a computer-aided micron laser used on hard and soft tis- sues. The product has been approved by the U.S. Food and Drug Administration. L ast month, Convergent announced it had secured $9 million in additional capital to help bring the product to market. FRAMINGHAM — Medical device maker Arch Therapeutics said a REGIONAL BRIEFS >> Continued from previous page REAL DEALS 70 Boston Shrewsbury Charter Realty Inland National 260,000 $97M Apr. 10 Tpk. (White & Development Real Estate City Shopping Ctr.) and Acadia Service Realty Trust 23-31 Natick JLP South Wheeler Lane 13,500 $1.6M Apr. 17 South St. Main Street LLC Realty LLC Hudson and Marlborough Sage Investors Howe's Landing 9 acres* $925,000 Apr.16 Potter streets Inc. Developers LLC 6-8 Chatham Worcester 6-8 Chatham Emengini 36,461 $800,000 Mar. 31 and 29 High Street LLC Educational streets Trust LLC 107-109 Westminster BRV Properties Vincent 11,345 $750,000 Dec. 30 Main St. LLC Properties LLC 240 Lunenburg Fitchburg Northcoast Danus Realty 1,568 $590,000 Apr. 6 St. Realty LLC LLC 30 Lumber St. Hopkinton Bill Knight 30 Lumber 2,664 $510,000 Apr. 16 Inc. Street LLC 409 Shrewsbury Worcester Worcester 409 Shrewsbury 2,000 $235,000 Feb. 18 St. East Side Street LLC Development Corp. Real Deals highlights recent commercial property transactions in Central Massachusetts. Commercial real estate firms that want to submit information on transactions can send it to editorial@wbjournal.com, or fax it to 508-755-8860. SALE ADDRESS CITY/TOWN SELLER BUYER SQ. FEET PRICE DATE SALES Sources: Massachusetts Registry of Deeds, municipal documents and assessors * Land only — Compiled by Sam Bonacci, Worcester Business Journal Staff Writer >> Continued on next page Knowledge + Experience + Trusted Advice. It all adds up. Large enough to serve the needs of most businesses and individuals; small enough to o!er the personal attention you expect and deserve. Greenberg, Rosenblatt, Kull & Bitsoli, PC Certified Public Accountants .BJO4USFFU4VJUFt8PSDFTUFS." twww.grkb.com Recent Commercial and Business Loans include: $1,350,000: Littleton, MA (Manufacturing Facility) $875,000: West Boylston, MA (Multiple Investment Properties) $800,000: Worcester, MA (Multi-Families) $470,000: Worcester, MA (Builder Construction Loan) $1,200,000: Boston, MA (Multi-Family) Member FDIC Member DIF Ayer Devens Groton Littleton Lunenburg Pepperell Shirley www.nmsb.com Mobile We're Lending! Purchasing or Refinancing? Expanding? Buying New Equipment? We listen to your unique lending and business banking needs, allowing you to focus RQ\RXUEXVLQHVV3OHDVHFRQWDFWRQHRIRXUH[SHULHQFHG5HODWLRQVKLS2IÀFHUVWRGD\ VP, Commercial Loan Officer 978-772-8502 Ext. 1121 stephen.sugar@nmsb.com Stephen J. Sugar, Jr. SVP, Senior Lending Officer 978-772-8502 Ext. 1155 ruth.cavanagh@nmsb.com Ruth Cavanagh VP, Commercial Loan Officer 978-772-8502 Ext. 1152 carl.wiley@nmsb.com Carl S. 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