Worcester Business Journal

May 29, 2017

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6 Worcester Business Journal | May 29, 2017 | wbjournal.com B R I E F S UMass Memorial will shuttle patients twice a day to various hospitals, includ- ing Harrington, where they can receive inpatient psychiatric services if UMass Memorial is at full capacity, according to a letter to the Massachusetts Department of Public Health written by a lawyer for the Worcester healthcare network. UMass Memorial plans to close 13 of its 27 inpatient psychiatric beds in its 8 East Unit and convert them for medical/ surgical use on June 1, as scheduled. Mass. unemployment inched up in April The Massachusetts economy added 3,900 jobs in April, as the statewide unemployment rate rose 3.9 percent. The labor force participation rate in Massachusetts, or the number of resi- dents 16 or older who worked or were unemployed and actively looking for work in the last four weeks, moved up slightly, reaching 66.5 percent in April. Since April 2016, that rate has increased by 1.5 percent. The U.S. unemployment rate was 4.4 percent in April, according to the Bureau of Labor Statistics. T H E T I C K E R 62% Percentage of people who hadn't discussed end-of-life care plans with either their healthcare agent or proxy, or their medical provider Source: 2017 Massachusetts Coalition for Serious Illness Care $435 million Source: Boston Scientific The TJX Companies, Inc.'s net income for the first quarter of 2017. $536 million Source: The TJX Companies, Inc. Massachusetts' national ranking for states with the biggest drug problem in the U.S. 9 Source: WalletHub Nichols buys golf course for $200K Nichols College has purchased the Dudley Hill Golf Club and plans to keep it under current management. The $200,000 sale includes the nine- hole golf course, a 3,508-square-foot clubhouse, a light utility building, and two garages: one at 80 Airport Road and one at 10 Dudley-Oxford Road. Members of the public golf course should expect that at minimum, things will remain the same, Nichols said. The club's current operator, Jonathan Hoenig, CEO of Tri-State Golf Club, will continue to operate the facility. The Nichols golf team has practiced and played there for years. Amount, in cash, Boston Scientific paid for Symetis SA, a Swiss structural heart company Every business needs a winning team on their side. As one of the area's leading providers of financial solutions for businesses, The Milford National has the expertise to fit your business with a custom- tailored financing package to help put your plans into action. Here's just some of what we offer: Milford National Bank Commercial Lending Team from left to right; Standing: Steven Carpinella, Gail Colella, Peter Beecher, Fred Odoardi, Darin Foster. Seated: Kristin Carvalho, Shefali Desai Member FDIC Equal Housing Lender SBA Preferred Lender • Commercial Loans • Commercial Mortgages • SBA Loans • Commercial Online Banking (Cash Management) Main Office: 300 East Main Street, Milford, MA 01757 • 508-634-4100 To learn more or to schedule an appointment, call us at 508-634-4100 or visit www.milfordnational.com Continued from previous page Nichols College senior Nick Wage of Holden, who graduated May 6.

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