Issue link: https://nebusinessmedia.uberflip.com/i/539611
www.HartfordBusiness.com July 13, 2015 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 5/20: 40 under Forty CALENDAR WEDNESDAY JULY, 22 Technology in Health Care Panel Discussion The Connecticut Health Council will host a panel discussion on healthcare technology July, 22 at the Yale School of Management, 165 Whitney Ave., New Haven. The discussion will talk about health technology and its impact on biotechnology, privacy protection and big data management. The event, which runs from 8 a.m. to 9:30 a.m., will feature keynote speaker Dr. Harlan M. Krumholz, a professor at the Yale School of Medicine and director of Yale-New Haven Hospital Center for Outcomes Research and Evaluation. There will also be a roundtable discussion with: Dr. Tej Anand, chief technology officer, CareCentrix; Daniel Barchi, chief information officer, Yale New Haven Health System; and Michelle Wilcox DeBarge, partner, healthcare practice, Wiggin and Dana LLP. Bruce Carlson, president and CEO of the Connecticut Technology Council, will moderate the panel. Cost to attend is: $25 for members; $50 for nonmembers. For more information or to register go to: https://metrohartfordalliancectassoc. wliinc34.com//events. F O R A C O M P L E T E L I S T O F G R E A T E R H A R T F O R D B U S I N E S S E V E N T S , G O T O W W W . H A R T F O R D B U S I N E S S . C O M A N D C L I C K O N ' C A L E N D A R . ' A L L C A L E N D A R I T E M S M U S T B E S U B M I T T E D E L E C T R O N I C A L L Y V I A O U R W E B S I T E , H A R T F O R D B U S I N E S S . C O M . ECONOMIC DEVELOPMENT & CONSTRUCTION With last $8M in hand, Capewell is set Redevelopment of the long-dormant Capewell Horsenail Fac- tory site into 72 affordable and market-rate apartments and about 6,000 square feet of office-retail space in Hartford's South End finally has crossed its last financial hurdle, authorities say. Hartford nonprofit developer The Corporation For Independent Living (CIL) says construction will commence later in July, follow- ing final remediation of contaminated soil and flooring inside the site at 70 Popieluszko Court, at the corner of Charter Oak Avenue. A July 22 groundbreaking ceremony will take place at 11 a.m. at the site, CIL CEO Kent Schwendy said. Completion is set for late 2016. The $26.1 million Capewell project obtained its final financing piece, an $8 million mortgage from the InsurBanc arm of Farming- ton's Connecticut Community Bank, Schwendy said. The financing includes a $5 million loan from the Capital Re- gion Development Authority; $9.2 million in state and federal tax credits; and a $4.5 million bridge construction loan from TD Bank. Subcontractor BriCo Environmental Services LLC is overseeing environmental cleanup of the site. Architect is Hartford's Crosskey & Associates. CIL will serve as its own general contractor for Capewell's makeover. BANKING & FINANCE SS&C completes $2.6B purchase of Cali firm Windsor financial software provider SS&C Technologies last week said it completed its $2.6 billion acquisition of California investment software developer Advent Software Inc. Advent has more than 4,300 customers including hedge funds, prime brokers and wealth management firms and generated rev- enues of $397 million in 2014. The acquisition moved forward after the U.S. Department of Justice in June ended the waiting period against the buyout over antitrust concerns. SS&C financed the acquisition and repaid Advent's debt with a combination of credit financing, $400 million in new stock offer- ings and $500 million from the issuance of new notes. Comm. Economic Dev. Fund names new CEO The Community Economic Development Fund has named a new leader to replace longtime President and CEO Donna Werten- bach, who announced her retirement in May. James S. Bzdyra will take over as president and CEO of CEDF, which is a Meriden-based community lending institution. Bzdyra has deep experience in commercial banking and leader- ship positions in Connecticut. He worked for 18 years at what is now known as First Niagara Bank, most recently as senior vice presi- dent, market executive, managing the commercial and industrial banking function for Connecticut. He also served on CEDF's board for 14 years including as board president for eight years. Wertenbach was CEDF's CEO for the past 17 years, and led the organization through a period of unprecedented growth, expand- ing the number of investors from six to 23, adding hundreds of borrowers to its roster of clients and adding resources and pro- grams for the community. Wertenbach has agreed to assist in the transition until Febru- ary 2016. Dr. Harlan M. Krumholz Financial audits are technically complex and labor intensive. Our firm has a dedicated group of professionals who only work in the audit and accounting area. For them, this is not a sideline, it's their sole business. This is important because if we are obsessed with the details of your financial audit, then you won't have to give it a second thought. Federman, Lally & Remis – Not Your Typical Bean Counters. Healthy obsession. 231 Farmington Avenue, Farmington, CT 06032 | 860-678-7100 | www.flrcpa.com FLR021_Mountain_HBJ_4711.indd 1 4/8/11 10:45 AM Tim Sullivan, the state's brownfield redevelopment point-person, says using state money to leverage private capital for revitalization projects like South End Hartford's Capewell Horsenail Factory behind him is the ideal. P H O T O | H B J F I L E