Worcester Business Journal

6 Worcester Business Journal • August 17, 2015 www.wbjournal.com Knowledge + Experience + Trusted Advice. It all adds up. Large enough to serve the needs of most businesses and individuals; small enough to offer the personal attention you expect and deserve. Greenberg, Rosenblatt, Kull & Bitsoli, PC Certified Public Accountants 306 Main Street, Suite 400 • Worcester, MA 01608 508.791.0901 • www.grkb.com Systems is set to receive up to $200 mil- lion in financing as part of a joint venture in China. The radiation therapy company announced it will form a joint venture in the world's most populous nation to pro- duce, sell and service proton therapy sys- tems for the Chinese market. The part- nership with HOPU Investments, YuanMing Capital and other Chinese investors, as well as existing investors, will also net the company up to $200 million in the investment agreement. "We see real value in advancing accessibility to this important therapy in China and else- where," Sunny Li, senior managing direc- tor and head of technology investments of HOPU Investments, said in a state- ment. SPENCER — FLEXcon will work with an Illinois manufacturer to provide label and parts finishing to printers and manufacturers, as well as converters, or businesses that combine raw materials, the company announced. FLEXcon, which focuses on adhesive coating and laminating, said it has entered a part- nership with Spartanics, of Rolling Meadows, Ill., to provide the products. Spartanics is a manufacturer of laser- cutting systems and other machinery. The deal with Spartanics will help FLEXcon give its customers another product and grow the customer base, according to Ron Ducharme, a product manager with FLEXcon. Customers, he said, are embracing a new technology of laser die-cutting of labels. Real estate foreclosure petitions in Massachusetts rose in June, jumping 81 percent over last year as mortgage hold- ers push through a backlog of delin- quent loans, according to The Warren Group, the Boston-based real estate data firm. The 16th consecutive month of increased petition filings saw 886 petitions to foreclose, up from 488 dur- ing the same month last year. A total of 5,316 petitions were filed in the first half of the year, compared with 3,264 petitions filed during the same time frame in 2014, a 63-percent increase. Petitions mark the first step in the fore- closure process. "The increases … are likely to continue through the second half of the year," Tim Warren, The Warren Group CEO, said in a state- ment. Pending home sales were sharply up in July across the state compared with a year earlier, the Massachusetts Association of Realtors (MAR) report- ed. MAR's Future Home Sales Indicators report said the number of single-family homes put under agreement last month — 6,315 — was up 37 percent over the 4,604 put under agreement in July 2014. It was the 28th month of year-over-year increases in the last 29 months. The median price of a home in the Bay State also ticked up more than a percent, from $360,000 in July 2014 to $365,000 in July 2015. n REGIONAL BRIEFS Rising home prices: Top 10 towns Single-family home prices in Massachusetts rose 1.6 percent from January through June. Here are the top 10 Central Massachusetts communities that saw the biggest percentage jumps in their median sale price during those six months compared with 2014. (minimum 50 sales) >> Continued from previous page Source: The Warren Group Oxford ....................................... 19.53% Fitchburg .................................. 18.62% Groton ....................................... 17.82% Leominster .............................. 14.65% Athol ........................................... 14.59% Natick ......................................... 13.35% Hudson ........................................ 11.8% Townsend ................................. 11.61% Auburn ...................................... 10.53% Gardner ..................................... 10.37%

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