Hartford Business Journal

www.HartfordBusiness.com • January 8, 2018 • Hartford Business Journal 5 million, depending on achievement of certain milestones. Before the acquisition was completed, Cox told the Hartford Business Journal the deal was the culmination of long-term and recent efforts to establish the firm's products in the global market, and that she was eager to retain an active role at the company. The company's eggless flu vaccine Flublok, the only vaccine of its type to be authorized by the U.S. Food and Drug Administration, was approved in 2013, and by 2016, had become available in prefilled syringes. Atlanta construction distributor to buy W. Hartford supplier for $380M Atlanta contracting distributor HD Supply Holdings Inc. said it plans to purchase West Hartford's A.H. Harris Construction Supplies for $380 million. Founded in 1916, A. H. Harris generated about $380 million in annual sales over the last 12 months, HD Supply said. Kim Corwin is CEO. The Connecticut company, which distributes building products and equipment to the heavy and highway, commercial, industrial and residential construction markets, has more than 600 employees and 50 locations in 12 states in the Northeast and mid-Atlantic. HD Supply has 220 locations in North America and more than 4,800 employees, the company said. The deal is expected to close in HD Supply's first fiscal quarter of 2018. XL Center happy hour aims to whet appetites for hockey The XL Center is introducing a new "hockey happy hour" to drive more fans to games. Spectra Venue Management and Spectra Food Services & Hospitality, which operates the venue's Comcast Coliseum Club Restaurant, said starting Jan. 2 it will provide $2 domestic beers and $5 appetizers to ticketed fans who arrive before the puck drops at all Hartford Wolf Pack and UConn hockey games. The happy hour will begin two hours before all hockey games and end as each game starts. The restaurant is on the 200 suite level, which can be accessed using the Trumbull Street entrance. The Comcast Coliseum Club is the XL Center's largest premium seating area with a private entrance and full-service bar. East Hartford apartments fetch $8M East Hartford's 120-unit Turtle Creek Apartments has sold for $8 million, or $66,000 per unit, brokers say. New York investor Up Realty LLC purchased the property at 8 Turtle Lane, adjacent to Martin Park, from Turtle Creek Realty, according to exclusive broker Chozick Realty in Hartford. Built in 1968, Turtle Creek's units are a mix of two studios, 34 one-bedroom and 84 two- bedroom units. Amenities include an indoor pool with Jacuzzi; indoor track; miniature golf course; and a full commercial kitchen. CT housing permits higher in Nov. Connecticut communities issued more housing permits in November than a year earlier, but its count was well below the previous month's tally, fresh data shows. The 104 municipalities tracked by the U.S. Census Bureau issued 324 permits for new single- and multifamily dwellings in November vs. 209 issued the same month in 2016, the state Department of Economic and Community Development said. Those same communities granted 507 housing permits in October. Through the first 11 months of 2017, 3,522 permits were issued vs. 3,905 issued the same period in 2016, DECD said. Healthcare Cabinet lays out drug cost strategies The state's Healthcare Cabinet has issued a draft list of legislative and other priorities aimed at tackling rising prescription drug costs, which affect government, consumers and companies alike. The government-industry group, which advises Gov. Dannel P. Malloy and Lt. Gov. Nancy Wyman (who chairs the cabinet) on healthcare reform and system development, said it wants to better understand drug price trends and find ways for the state to reduce its pharmaceutical spending. Among its recommendations is to require pharmacy benefit managers to disclose more information about their price calculations and require the Insurance Department to collect additional information from insurers during the annual rate filing process to glean what effect drug prices have on rising premiums. They also want to mandate that consumers' drug coinsurance and deductible amounts be based on the net price after rebates, instead of the price before rebates. Kaiser Health News reported recently that consumers rarely benefit from rebates. There's an art to accounting. Yes, it is a precise and analytical profession. But there is also a great satisfaction for us in moving a large complex problem to a logical, elegant solution. We think this makes us a little different. Our clients tell us it makes us better. Federman, Lally & Remis – Not Your Typical Bean Counters. Complexity re-envisioned. 231 Farmington Avenue, Farmington, CT 06032 | 860-678-7100 | www.flrcpa.com FLR25_Origami_HBJ_HalfPg.indd 1 12/7/16 9:31 AM The XL Center's Coliseum Club is offering a happy hour to lure patrons. PHOTO | HBJ FILE

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