Worcester Business Journal

www.wbjournal.com July 18, 2016 • Worcester Business Journal 5 REAL DEAL Real Deal 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. Source: Greater Boston Commercial Properties — Compiled by Sam Bonacci, Worcester Business Journal digital editor At the time of sale, the property was 100-percent leased to 73 tenants occupying 75 units. ADDRESS: 20 Lake St., Hopedale AREA: 19,800 square feet SALE PRICE: $850,000 SELLER: Farruco Holdings, LLC BUYER: Hopedale Properties, LLC and First American Realty Inc. REGIONAL BRIEFS 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 Looking for a host offering Four Diamond hospitality in a central, convenient location? Well... Offering space for 5 to 300 guests, world-class cuisine and Central Massachusett's only AAA Four Diamond approval rating, we host exceptional meetings and dinners of all sizes. Let's meet. 363 PLANTATION ST • WORCESTER • 508.754.5789 • BEECHWOODHOTEL.COM Precision Coating launching Costa Rica plant Hudson's Precision Coating is estab- lishing its first manufacturing operations outside the U.S. with a new 14,000-square- foot plant in Costa Rica that will be up and running by the end of the month. "Costa Rica presented the best combi- nation of operating cost, workforce tal- ent, and logistical advantages as we con- sidered our options to establish a low- cost manufacturing facility for our rap- idly growing company," Robert DeAngelis, president of Precision Coating Co. Inc. According to PCCI, with an increas- ing amount of medical device products being produced in Costa Rica, the coun- try has become a hub for medical device, biotech, and health care companies. The new plant will allow PCCI to run highly automated processes, according to a release from the company, and will result in approximately 30 Costa Rican jobs. The new plant will produce PCCI's fluoropolymer coatings that are used in the medical device field. Saint V's, UMass Memorial most profitable in early 2016 All but two acute care hospitals in Central Massachusetts reported year- over-year profits for the first three months of 2016, according to a report from a state agency. According to June data from the Massachusetts Center for Health Information and Analysis, Saint Vincent Hospital -- a teaching hospital -- posted a year-over-year profit of $15.9 million, the largest of any Central Massachusetts hospital. Saint Vincent also reported net assets of $402.2 million. UMass Memorial Medical Center, the only academic medical center in Central Massachusetts, posted the area's second largest profit of $14.1 million, with net assets of $278 million. Overall, the state's six academic medical centers made up its least profitable cohort. The remaining hospitals in Central Massachusetts are classified as commu- nity-disproportionate share hospitals, with the exception of MetroWest Medical Center, which is classified as a commu- nity hospital. • Harrington Hospital, $6.9 million gain, $64.4 million in net assets; • UMass Memorial - HealthAlliance Hospital, $3.1 million gain, $159 million in assets; • UMass Memorial - Marlborough Hospital, $2.5 million gain, $34.7 million in net assets; • Heywood Hospital, $2.1 million gain, $53.4 million in net assets; • Nashoba Valley Medical Center, $0.6 million gain, $3.2 million in net assets; • Athol Memorial Hospital, $0.5 mil- lion loss, $2.2 million in net assets; • UMass Memorial - Clinton Hospital, $0.8 million loss, $16.3 million in net assets. The region's lone community hospital without a DSH distinction, MetroWest Medical Center, reported a profit of $5.8 million and -$57.4 million in net assets. Man pleads guilty to cyber attack against former employer A former employee of Northborough's Baesis, Inc. has plead guilty to hacking into and damaging the networks of his former employer and three clients, caus- ing damage of more than $130,000. Kamlesh Patel, 40, pleaded guilty to two counts to causing damage without authorization to Internet-connected computers and to one count of using means of identification to commit the offense, according to a release from the Office of United States Attorney Carmen M. Ortiz. His sentencing is Sept. 28. Patel worked as a senior network engineer at Northborough-based Baesis Inc., a company that offered network maintenance and security services to its clients and has since been acquired by RKL eSolutions. After Baesis terminated Patel, he used a colleague's network cre- dentials to access Baesis's computer net- work in October of 2010, deleting the company's image server and then in January of 2011 when he accessed Baesis' network and that of the firm's clients. As a result, according to Ortiz's office, the victim companies temporarily lost use of their networks, including internet and e-mail access. Patel's victims incurred $137,896 in damages. He has agreed to pay this amount in restitution in connection with his plea. Patel faces up to 25 years in prison and $750,000 in fines, although sentences are typically less than the max- imum penalty, according to Ortiz. n

• Cover