Worcester Business Journal

www.wbjournal.com August 3, 2015 • Worcester Business Journal 5 Christopher Provo, RFC, CRPC ® • President 385 South St., Shrewsbury, MA 01545 508.842.0539 Office • 508.842.0571 Fax Chris@ProvoFinancial.com • www.ProvoFinancial.com Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Provo Wealth Management Group, a registered investment advisor. Provo Wealth Management Group and Provo Financial Services, Inc. are separate entities from LPL Financial. Awards W o r ce s t e r B us i n e s s J o u r n a l 2015 B E S T O F B U S I N E S S W o r ce s t e r B us i n e s s J o u r n a l Provo Financial Services, Inc. voted Best of Business in Financial Planning/ Investment Services in central Massachusetts based on The Worcester Business Journal online polling. WI-08314-0612 Tracking #1-097898 Life may be short, but it's never too late to live it your way. I can help you build an investment strategy that works toward your long-term goals, helping you to retire confidently on your terms. Call today for more information or to schedule a visit. YOUR LIFE, YOUR WAY. RETIRE CONFIDENTLY. Provo Financial Services, Inc. Christopher Provo, RFC, CRPC® President 385 South St. Shrewsbury, MA 01545 508.842.0539 Office 508.842.0571 Fax Chris@ProvoFinancial.com www.ProvoFinancial.com Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Provo Wealth Management Group, a registered investment advisor. Provo Wealth Management Group and Provo Financial Services, Inc. are separate entities from LPL Financial. Language Bank Interpretation and translation services for the medical, legal, academic and fi nancial communities Our services include: • In-person interpretation • Over-the-phone interpretation • Written translation services • 24/7 emergency assistance • Self-service scheduling and billing Language Bank 11 Shattuck Street Worcester, MA 01605 Language Bank 340 Granite Street 3rd Floor Manchester, NH 03102 thelanguagebank.org Call us toll-free: 1.844.579.0610 Or email us: info@thelanguagebank.org Language Bank has a training center that uses rigorous preparatory courses. LB Make Good Ad_4.3x6.indd 1 7/9/15 6:10 PM nurses had been staffing levels, with the nurses arguing that the limit of six patients to one nurse at the time was too high. The new contract reduces that limit to five. WORCESTER — Worcester Polytechnic Institute will offer an interdisciplinary doctoral program in data science starting in the fall, a year after it launched a master's program in the growing field of study. A statement from WPI said the new program will be the first in the United States. It draws on the expertise of WPI faculty in business, computer science and mathematics, and is designed to meet a "growing demand for highly trained scientists with trans-disciplinary tech- nical and scientific expertise who can solve problems at the cutting edge of big-data analytics," the statement read. WORCESTER — The head of the Worcester Regional Transit Authority is retiring after 40 years of public service, and is being replaced on an interim basis by the transit system's assistant administrator, the WRTA announced. Stephen O'Neil announced his retirement to the WRTA's advisory board, the agency said in a statement. The assistant administrator, Tom Coyne, will take over as interim admin- istrator as of Aug. 7, the statement read. The statement cited several accomplishments by O'Neil during his eight years in the role, notably seven consecutive years of a balanced budget, elimination of debt, increased rider- ship and construction of a $14-million, state-of-the-art hub next to Union Station. MARLB OROUGH — Boston Scientific saw its operational revenue and profits rise in the second quarter. The results were at the upper end of the company's guidance range. Operational revenue grew 6 percent, to $1.84 billion during the quarter, which ended June 30. But for its reporting with the U.S. Securities and Exchange Commission, revenue declined 2 percent, which the statement attributed to foreign curren- cy fluctuations. Boston Scientific had expected revenue of between $1.8 and $1.85 billion. WORCESTER – Fallon Health will cut 45 jobs as the health insurance provid- er shuts down its Fallon Total Care program this September. A spokes- woman for Fallon confirmed that it had informed state labor officials in a filing that it would cut 45 jobs. The exact number of jobs that will be lost will not be known until the program officially ends, as the company works to find other positions for affected employees, spokeswoman Carrie Wattu said. "We're providing additional sup- port for those employees who need help transitioning to other internal and external positions," she said. Fallon announced in June that it would end REGIONAL BRIEFS >> Continued from previous page REAL DEALS 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. Source: Middlesex Registry of Deeds, Town of Natick Assessor's Department ADDRESS: 104 Worcester St., Natick AREA: 10,858 sq. ft. SALE PRICE: $2.8 million SELLER: Antonio Ferreira and Howard Greenburg BUYER: 104 Natick Realty LLC Total Care, which has served members eligible for both Medicaid and Medicare since October 2013. WORCESTER — The YMCA of Central Massachusetts will make improve- ments at five branches, using money from the state's finance and develop- ment agency, MassDevelopment. e agency issued the YMCA a tax-exempt bond of $22.7 million for the work, the two organizations said. e plans in- clude the following: a 14,000-square- foot aquatic center at the Boroughs Family branch in Westborough; a 2,000-square-foot splash pad play area at the Greendale Family Branch in Worcester, and a 3,000-square-foot amphitheater and septic system up- grade at Camp Lowe in Lancaster. e projects are expected to create 26 jobs and support 47 construction jobs. Connecticut-based United Bank, which has seven branches in Central Massachusetts, reported record earn- ings in its second quarter, helped by a 19-percent jump in commercial lend- ing and an increase in home loans. United's parent, United Financial Bancorp, brought its second-quarter net income back into the black amid skyrocketing second-quarter demand for its home and business loans. For the three months ended June 30, United — formerly Rockville Bank — said it netted $13.3 million, or 27 cents a share. n — Compiled by Sam Bonacci, Worcester Business Journal Staff Writer Located three miles from the Natick Mall, this retail store location contains such businesses as Motherhood and Maternity. The property and building were last assessed at $2.14 million.

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