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6 Hartford Business Journal • April 3, 2017 www.HartfordBusiness.com TOP STORY Hartford hospitals report better year in fiscal 2016 Most of Connecticut's 28 acute-care hospitals finished in the black last fiscal year, including Hartford Hospital and St. Francis Hospital and Medical Center, which beat results from a year earlier, according to financial data recently released by the state Office of Health Care Access. Hartford Hospital reported a total surplus of $76.2 million for the fiscal year ended Sept. 30, 2016, up from a $54.3 million surplus in the year-ago period. Its total margin was 6.4 percent. St. Francis reported a $12.3 million surplus in fiscal 2016, reversing a $17 million loss in fiscal 2015. Its total margin was 1.59 percent. Five hospitals lost money: Windham, $13 million; Waterbury, $16.5 million; Sharon, $13.7 million; Bristol, $1.9 million; and Hungerford, $4.8 million. Connecticut Children's reported a surplus of $30.5 million, up from $28.1 million in fiscal 2015. The state operated John Dempsey Hospital at UConn re- ported a surplus of $285.8 million. Its nonoperating revenue of $281.5 million resulted from state appropriations and transfers from UConn Health, according to OHCA. CT: Online retailers must remit sales taxes The Connecticut tax collector's latest reminder to online and out- of-state retailers about their responsibility for collecting and remit- ting sales taxes on consumer purchases also comes with a threat to pursue violators who cheat it out of nearly $70 million annually in unremitted sales tax. State Department of Revenue Services (DRS) Commissioner Kevin Sullivan says Connecticut is stepping up efforts to collect sales taxes not paid by online and other out-of-state retailers with large sales vol- umes in the state. State law already requires out-of-state retailers with a substantial economic presence in the state to collect and remit sales tax. If not, Sullivan said DRS is authorized to require disclosure of untaxed sales and pursue collection. Siemens grants $315M in manufacturing software to CT colleges Siemens, a technology company based in Germany, has provided $315 million worth of state-of-the-art manufacturing and product de- sign software to Connecticut State Colleges and Universities (CSCU). To start, CSCU students in the Advanced Manufacturing Technology Centers at four community colleges across the state — Three Rivers, Manchester, Asnuntuck and Gateway — will have access to the prod- uct lifecycle management software in their classrooms. The software is being incorporated into day-to-day student coursework and projects related to computer-aided-design, engineering simulation, industrial design, digital manufacturing and manufacturing management. The use of the software will expand to all of the state's 12 commu- nity colleges over the next 18 months. Report: CT needs to incentivize growing defense workforce Incentivizing training and retention of workers in Connecticut's de- fense industry are just two of the steps recommended to help the state maintain a competitive edge, according to a new policy brief. With Electric Boat in Groton and Pratt & Whitney in East Hartford each projecting the need to hire thousands of workers in the years ahead, the need to groom and support the incoming workforce is great, writes Loren Dealy Mahler, senior fellow for the Connecticut Institute for the 21st Century, a pro-growth policy think tank. The industry's workforce is "aging into retirement faster than the current pipeline of workers can fill the gap," the report states, strain- ing training programs used to produce new workers or keep workers' skills current. To combat this, Connecticut should expand training programs or in- troduce new ones; provide more industry input as it does so; expand the workforce applicant pool; and create incentives for retaining ex- pertise from those in the industry who are retiring, Dealy Mahler says. Alexion appoints biopharma veteran Hantson CEO Alexion Pharmaceuticals Inc. has ap- pointed a bioscience industry veteran, who was most recently president and CEO of blood-disorder drugmaker Baxalta, as its new chief executive officer. Ludwig N. Hantson will take over Alexion's top job immediately, following the sudden departure in December of its former CEO, David Hallal, who quit for personal reasons. He succeeds David R. Brennan, who has served as interim CEO since Hallal's departure. Press, Herald parent to acquire Chronicle The parent of the Bristol Press and New Britain Herald is acquiring the Chronicle in Willimantic. A new company, Chronicle Media LLC, will own and operate the Chronicle and its commercial publishing operation. Terms have not been disclosed, but the transaction is expected to close May 1, the papers reported. Michael E. Schroeder, editor and publisher of the Press and Herald, is taking over for Patrice Crosbie, president and publisher of The Chronicle Printing Company, who will no longer be involved, except in the transition, they said. WEEK IN REVIEW HBJ Evening of Fine Wines, 1/2 page color ad (10 x 6.875 inches) Insertion dates: February and March 2017 Presenting Sponsor: United Bank Foundation Connecticut Special thanks to the SBM Charitable Foundation, Inc., McKaba, LLC/Richard T. Cartwright and Media Partner Hartford Business Journal Adam J. Jeamel Eastern Connecticut Regional President, Head of Corporate Communications, United Bank Christopher Prosperi Chef and Co-Owner, Metro Bis WNPR's Faith Middleton of The Faith Middleton FOOD Schmooze® Honorary Chair Guest Emcees Tickets Now Available! Join Us in Celebrating Our 25th Year of Friday, April 28, 2017 7 p.m. to 11 p.m. Manchester Community College Enjoy delicious hors d´oeuvres prepared by MCC Culinary Arts students; tasting tables featuring beers, wines and spirits from local businesses; live and silent auctions; and dancing to live music by the Latanya Farrell Band. Proceeds support scholarships, student services and academic programs. $85 per person; $75 each for groups of 6 or more Black tie preferred To order tickets, go to www.MCCgiving.org For information, call 860-512-2922 or email wines@manchestercc.edu Ludwig N. Hantson Hartford Hospital saw a $22 million gain in its fiscal 2016 bottom line. P H O T O | H B J F I L E