Central Mass In Review
Devens
Workers injured at BMS project in Devens
Four workers were injured in the collapse of a staging wall at the site of a $1 billion construction project in Devens. Three of the injured workers at the new Bristol-Myers Squibb facility were taken to Nashoba Valley Medical Center in Ayer and one was med-flighted to Beth Israel Hospital in Boston. Devens Fire Chief Tom Garrity says the workers fell between 22 and 28 feet to the ground.
Fitchburg
Help for Fitchburg entrepreneurs
If you're thinking of starting a small business in Fitchburg, your life just got a little bit easier. The Pioneer Institute, a Boston-based public policy group, released a guide to government regulations affecting small businesses in the city. "Navigating Through Regulations and Licensing Requirements," provides a step-by-step guide to negotiating local, state and federal regulations for the owners of more than 20 kinds of small businesses. It also includes a list of resources for starting or expanding a business. Fitchburg Savings Bank and the Shelby Cullom Davis Foundation provided funding for the report.
Franklin
Ben Franklin opens new branch in Watertown
Franklin-based Benjamin Franklin Bank opened its newest branch in Watertown. With the opening, which included a two-day grand opening celebration, the bank also unveiled a new slogan, "banking at the speed of life." The Watertown branch brings Franklin's roster to 11 locations throughout the MetroWest area.
Hudson
AIS partners with investment group
Hudson-based AIS Inc. announced a partnership with Boston-based Audax Group, an investor in mid-market. AIS is a manufacturer of office systems furniture. The company said its senior management team will stay in place with the Audax investment. Bruce Platzman, CEO and co-founder said the deal will allow AIS to "further expand product offerings, enhance marketing initiatives and invest behind manufacturing and sales support in the field."
Leominster
HealthAlliance brings MAK online
HealthAlliance Hospital in Leominster said it was one of only 5 percent of hospitals in the country to implement the Medication Administration Check patient safety system. The system, which is known as MAK, uses bar coding to match patients with the correct times for drug administration, medical documents and transactions. The system adds information to electronic records, varifies medication doses and identifies potential adverse drug interactions. The system has been implemented department by department at HealthAlliance, an affiliate of UMass Memorial Health Care, and the hospital expects full implementation by the end of March.
Marlborough
Cytyc approves Hologic merger
In the next step of their ongoing merger process, stockholders of Marlborough-based Cytyc Corp. today approved the company's merger with Hologic Inc. of Bedford, following yesterday's approval by Hologic stockholders. More than 76 percent of the outstanding shares of Cytyc were voted in favor of the transaction. At the close of the transaction Cytyc stockholders received about one half a share of Hologic common stock and $16.50 cash for each Cytyc share they own, for a total consideration of $6.2 billion.
Sepaton joins green data center club
Sepaton Inc., a Marlborough-based data protection and security firm, said it had joined the Green Grid, a nonprofit consortium of IT companies that wants to reduce power consumption in data centers. Sepaton is in the data "de-duplication" business, which is aimed at reducing the dependence on tape for data back-up. The company and others say it's possible to back up more data on fewer disks, which would cut down on the amount of electricity used in data centers.
Maynard
Coull begins work on new NOAA complex
Maynard contractor and construction management firm J.M. Coull has begun work on the northeast regional marine fisheries office of the National Oceanic and Atmospheric Administration in Gloucester. The 97,000-square-foot, two-building complex will house office suites and fisheries operations including statistics, habitat conservation and restoration and protected resources departments. The project also includes a fisheries museum, laboratories and seafood inspection areas. Coull expects the project to be completed by the end of May 2008.
Natick
Boston Scientific will ax 2,300 jobs
Natick-based Boston Scientific finally acknowledged a badly kept secret, officially announcing plans to terminate approximately 2,300 jobs worldwide, beginning this month and continuing through the end of next year. The workforce reduction represents approximately 13 percent of the company's 18,000 employees, the company said, and is part of a larger effort by the ailing medical device maker to reduce expenses and increase shareholder value. Eligible employes will be offered severance packages and outplacement services, in addition to "other appropriate assistance and support," according to a statement from the company.
Vision Sciences To Relocate 30 Natick Employees
Approximately 30 Natick employees of Orangeburg, N.Y.-based medical device firm Vision Sciences Inc. will be forced to choose between relocating to New York or accepting a yet-to-be-determined severance package as the company consolidates it operations and closes its Natick facility in the next year. Yoav M. Cohen, chief financial officer of Vision Sciences, said the company was trying its best to persuade all of its Natick employees to relocate to New York.
Worcester
Gateway Park secures Mello's RXi
The company co-founded by Nobel Prize Winner Craig Mello announced that it signed a 20-month lease at Worcester Polytechnic's Gateway Park. The company - RXi Pharmaceuticals - also has the option to become the lead tenant of a future 100,000-square-foot building planned for construction at Gateway Park.
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