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www.HartfordBusiness.com October 17, 2016 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 10/24 Focus: CT Family Business Awards ■ The List: CT Family Business Awards ■ Nonprofit Profile: CT State Medical Society CALENDAR THURSDAY, OCT. 20 IT Summit The Connecticut Technology Council is hosting its annual IT Summit Oct. 20, featuring keynote speaker Eash Sundaram, the executive vice president of innovation and chief information officer at JetBlue Airways. The event runs from 8:30 a.m. to 4:30 p.m. at the Trumbull Marriott at 180 Hawley Lane. There will be various panel discussions on topics ranging from big data, biomodal IT and cloud innovation and opportunity, to responding to a data breach and how to attract IT talent. Cost to attend ranges from $85 to $105. For more information or to register go to: http://www.ct.org/signature- event/it-summit/. 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 . GOVERNMENT, POLITICS & LAW OFA: MGM casino impact on CT revenues likely to increase Connecticut could lose as much as $68.3 million a year in reve- nue starting in fiscal 2019, once the MGM Springfield casino opens, according to an estimate from the state's Office of Fiscal Analysis. OFA revenue analyst Christopher Wetzel recently reported the projection, basing it on the April 29, 2016 consensus revenue forecast and the projected opening of the Massachusetts casino in the fall of 2018. In the spring of 2015, the Massachusetts casino was expected to cost Connecticut $63.5 million in lost tax revenue in fiscal year 2018, according to the OFA at the time. In mid-September, the Mashantucket Pequot and Mohegan tribes reopened their request for proposals to build a third Con- necticut casino site with a new deadline of Oct. 15. MMCT, the Mohegan-Mashantucket Pequot joint venture, is authorized by the legislature to seek a site to fend off MGM's competition. HEALTH CARE Aetna, Merck collaborate on healthy outcome goals Hartford insurer Aetna has entered into a value-based agree- ment with pharmaceutical company Merck for two type-2 diabe- tes medications, Januvia and Janumet. Merck also becomes the first healthcare company to partici- pate in AetnaCare, a personalized health and wellness initiative that provides members information, tools and support to take a proactive role in managing their own health. The two companies have entered into a value-based contract that supports their objectives in helping adult patients with ap- propriate treatment access for type-2 diabetes. Under the pact, Merck's rebates on Januvia and Janumet will be based in part on those products' contributions to helping Aetna's commercial mem- bers with type-2 diabetes achieve or maintain treatment objectives. Separately, the two companies are collaborating on AetnaCare, an approach that uses predictive analytics to identify target popu- lations and proactively curate various health and wellness ser- vices as they are available to each member. The aim is to support treatment adherence and reinforce healthy lifestyle behaviors. Nursing-home operator files for bankruptcy again A wave of bankruptcies in the state's nursing-home industry continues, following a Ch. 11 reorganization petition recently filed by Spectrum Healthcare and its four area facilities. Spectrum, which operates facilities in Hartford, Manchester, Derby and Torrington, filed its bankruptcy petition in Hartford fed- eral court, according to court records. It's the second time the Vernon-based company has filed for Ch. 11 since 2012. The parent company and its four affiliates reported a combined $12.6 million in assets, primarily cash. Each also reported liabili- ties ranging from $1 million to $10 million. Spectrum emerged from its previous bankruptcy in 2013. Eash Sundaram CBIA Health Connections – Connecticut's leading small business insurance program – offers you the best combination of value, service, and choice in a single program. It's easy to administer and backed by industry-leading customer service. Medical plans from ConnectiCare and Harvard Pilgrim Group and voluntary dental, life, disability, and vision options Employee wellness program One bill; one number to call for personal service Join the thousands of Connecticut small businesses who choose CBIA Health Connections. Contact your agent for a quote or visit cbia.com. Why do Connecticut small businesses choose CBIA Health Connections for insurance? cbia.com/insurance | 860.244.1900 Savings, Simplicity, and Service A shot of a roulette table at Mohegan Sun. P H O T O | C O N T R I B U T E D