Worcester Business Journal

wbjournal.com | February 20, 2017 | Worcester Business Journal 5 B R I E F S Railers will have mild economic impact Worcester Railers Hockey Club Owner Cliff Rucker has partnered with Worcester restaurant firm Niche Hospitality Group to put a Railers-themed tavern next to the DCU Center and a restaurant and cafe in the Canal District, where Rucker is build- ing a hockey facility for area teams to practice and host their games. When polled, WBJ readers said the hockey developments will stir up activity downtown, but they won't have more than a mild impact. F L A S H P O L L Hologic pays $1.7B for cosmetics company Hologic, a Marlborough women's health product company, is buying Westford medical products firm Cynosure for $1.65 billion cash. The deal, approved by both compa- nies' boards, values Cynosure at $66 a share and is expected to close by April. Hologic said buying Cynosure will allow it to enter the fast-growing medical cosmetic products field, which Hologic said exceeds $2 billion worldwide and will grow at a double-digit rate annually. SeaChange lays off 200+ in restructuring Video technology company SeaChange International has eliminated more than 200 workers as it navigates challenges brought by a fast-changing industry. The Acton firm struggled since last fiscal year, when it totaled about $48 million in losses. In January, it recorded an $8.4-million fourth-quarter loss. CEO Ed Terino said SeaChange laid off more than 200 workers globally with- in the past year, cuts that will save the company more than $30 million. Compared to competitors, SeaChange's revenue per employee was lagging. From more than 700 employees when Terino became CEO in April, there are now less than 500. The Acton headquarters, with engineering and main-office operations, has 200 workers. Terino said the rough patch is caused by industry turmoil in the industry. Continued on next page "Co-marketing with downtown eateries and businesses will help create a day and evening in the city for visitors." COMMENTS: "There are plenty of hockey fans in the Worcester area; if the organization develops and supports ancillary businesses such as merchandising and food and beverages, it will be a net add to Worcester." "Love the addition of the Railers and Rucker's ideas about building community through a multi-faceted approach – sport, retail, restaurant, youth, family. We look forward to supporting these venues!" (855) 460-0574 | healthnewengland.org/worcester SPN2893-0417 Health New England congratulates the 2017 Business Leaders of the Year, and we applaud your dedication to your communities and organizations. We are committed to your continued success. That's why we make it simpler for you to manage your health care so you can focus on what's most important. Where You Lead. Enjoy an evening out at CERES. Have a cocktail or a glass of fine wine from our extensive collection, and top it off with dinner artistically prepared from only the freshest and most exquisite ingredients. For Reservations, Call 508.754.2000, or Book Online through Open Table 363 Plantation Street | Worcester, MA | ceresbistro.com ONLY THE BEST Flavorfully Divine What impact will the Railers have on the Worcester business community? Moderate. The Railers are a significant part of the downtown renaissance. 20% Mild. People will come to downtown for games and shop and dine while in the city. 38% Great. The team and the new rink will turn Worcester into a hockey hub. 24% Little to none. The Sharks and IceCats couldn't make it work and this seems no different. 18%

• Cover