Hartford Business Journal

September 7, 2015

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www.HartfordBusiness.com September 7, 2015 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 9/14 Focus: Health Care ■ The List: Skilled Nursing Facilities ■ Nonprofit Profile: Universal Health Care Foundation CALENDAR FRIDAY, SEPT. 11 Doing Business with the Federal Government and the State of Connecticut The Entrepreneurial Center at the University of Hartford will host a Sept. 11 seminar that informs businesses how they can apply for and win state and federal contracts. The seminar, which runs from 9:30 a.m. to 12:30 p.m. at 1265 Asylum Ave., Hartford, will discuss where businesses need to be registered in order to do business with the state and federal government. Attendees will also be able to review websites for locating federal bids over $25,000 and the state's bid portal where state and municipal bids are found. Officials will also discuss state and federal set-aside programs. The seminar is free to attend. For more information contact: Shelli McMillen, 860.768.5681, entrectr@hartford.edu. 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 . REAL ESTATE Waterford Hotel Group pays $17M for Windsor hotel The owner of several downtown Hartford hotels has acquired Hyatt House in Windsor for $17 million. Waterford Hotel Group, which owns Marriott Downtown Hartford, Hilton Hartford and Residence Inn by Marriott Hartford, said the 132-room Hyatt House is among five hotels it has added this year to its portfolio, which now numbers 28 properties in seven states. The Hyatt House sale closed on Aug. 12, according to town assessor records. The seller was Philadelphia-based Pra Develop- ment & Management Corp. Waterford said it also acquired a Courtyard by Marriott in Shel- ton, a SpringHill Suites by Marriott and a Residence Inn by Marriott in Milford. Online assessor databases in Shelton and Milford don't yet reflect the sales. Earlier this year, Waterford acquired a DoubleTree in Arkansas. Farmington apartments sell for $7.5M Farmington's Centennial Inn Apartments complex has traded hands for $7.5 million, brokers say. The 56-unit Spring Lane apartment complex, which was close to 100 percent occupancy, has been purchased by Mystic Proper- ties Management. The facility was originally built in 1987 as a 112 all-suites ex- tended stay hotel. In 2010, 56 of the units were converted to full-time apartments, while the remaining 56 units stayed under extended stay use. Centennial Inns Inc. was the seller. Hartford's Chozick Realty Inc. arranged the sale. BANKING & FINANCE SS&C buys Boston firm Windsor financial software services provider SS&C Technolo- gies Holdings announced it has acquired Boston investor-commu- nications firm Varden Technologies. SS&C will add Varden's 31 employees and more than 100 clients, including mutual funds, wealth management firms and fund admin- istrators all who have assets ranging from $50 million to $300 billion. Financial terms of the Varden acquisition were not disclosed. BIOSCIENCE Alexion to sell enzyme replacement therapy in Europe Cheshire drug maker Alexion Pharmaceuticals said it has been given clearance to begin selling its long-term enzyme replace- ment therapy drug, Kanuma, in Europe. The European Commission (EC) has approved Kanuma, which will be the first treatment in the European Union for patients with LAL-D, a genetic and progressive ultra-rare metabolic disease in which patients suffer multi-organ damage and premature death. Alexion said it expects to begin serving patients in Germany in October and is looking to expand distribution to other major Euro- pean countries. The approval applies to all 28 EU member states as well as Iceland, Norway, and Lichtenstein. H ealth insurance is the most important benefit you offer and it's a big part of your budget. You need an insurance program that not only meets the needs of your employees but also helps you control costs. CBIA Health Connections — the most successful private insurance exchange for small business — is the solution. With Health Connections you simply set your contribution level then let your employees choose a plan from Aetna, ConnectiCare, Harvard Pilgrim, or UnitedHealthcare. From medical and dental plans to life, disability and vision options, there's something for everyone with CBIA Health Connections. Contact your agent for a quote or call 860.244.1900. Who do small businesses choose for health insurance? Richard P. Ramondetta President Alloy Specialties, Inc. Manchester CBIA Health Connections allows me to offer my employees a valuable benefits package while helping to control our medical benefits budget. Hyatt House hotel in Windsor. P H O T O | C O N T R I B U T E D

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