Thursday, September 13, 2012

Daily Business Update

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Daily Business Update


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Thu. Sep. 13, 2012

Blu Homes raises nearly $60m

Blu Homes, a company that specializes in building homes that are “green” and environmentally friendly, said it has completed its first institutional round of investment, totaling nearly $60 million. Blu Homes has offices in Waltham and San Francisco. Institutional investment is being led by the Skagen Group, which is based in the Netherlands. With initial private funding, investment in Blu Homes now totals nearly $69 million, the company said.

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JetBlue to add nonstop service between Boston and Charleston, S.C.

JetBlue Airways is adding nonstop service between Boston and Charleston, S.C., beginning Feb. 28. The carrier will make one flight a day between Logan International Airport and Charleston International Airport; JetBlue is also adding twice-daily flights between New York and Charleston.

Athenahealth to buy Healthcare Data Services

Athenahealth Inc., a Watertown company that provides on-demand billing, practice management, and electronic health record services to hospitals and doctors groups, has agreed to buy Healthcare Data Services LLC as a way a way to strengthen its ability to support health care organizations to manage risk-based payment models, and align care coordination with patient population needs. An athenahealth press release did not include financial details of the transaction, other than to say the deal is expected to close in October. Founded in 2004 in Boston, Healthcare Data Services, or HDS, provides health care data analysis.

Century 21: Could more New England Patriots victories translate into higher home prices?

As most residents know, Eastern Massachusetts has comparatively high home prices. Could the success of the New England Patriots be one reason why? Maybe so. According to a new, seemingly tongue-in-cheek Century 21 study, there can often be a correlation between a city’s real estate market and the fortunes of its NFL team. Data Point One: Four of the five cities with teams that went from a losing record in 2010 to a winning record in 2011 saw average home sales prices increase between 2010 and 2011.

iWalk raises $17m in Series D financing

iWalk Inc., a Bedford company that uses innovations in bionics to help people with lower-limb loss gain more mobility, said Thursday that it has closed a private Series D equity financing round of $17 million. The financing was led by new investor Gilde Healthcare Partners. Existing investors, including WFD Ventures, General Catalyst Partners, and Sigma Partners, also participated in the round. iWalk was founded in 2006 by Dr. Hugh Herr, director of the Biomechatronics Group at the MIT Media Lab.

Margulies Perruzzi completes design project for Pioneer Investments at 60 State St.

Margulies Perruzzi Architects said it has completed the design of 100,000 square feet of office space in Boston for Pioneer Investments, a global investment management firm. Margulies Perruzzi updated the office design of five floors at Pioneer’s Boston office 60 State St., including a complete redesign of the 16th floor. The project included a major reconfiguration of Pioneer’s IT/mission critical spaces and the addition of a conference center featuring a suite of conference rooms with a large breakout area.

Manufacturing poised for promising future, Northeastern University study says

After decades of losing factory and assembly line jobs, manufacturing is poised for a promising future in Massachusetts, thanks to corporate investments in cutting-edge technologies and skilled workers who are churning out high-end products faster and cheaper than ever here, a new study says. Employment in the sector has stabilized since the last recession and production is at its highest level in a decade, according to the study from Northeastern University released Thursday.

FDA approves Genzyme Corp.’s pill for treating multiple sclerosis

Federal regulators Wednesday night gave Genzyme Corp. the go-ahead to sell a new pill to treat multiple sclerosis in the United States. The favorable ruling for the Cambridge biotechnology company’s therapy, called Aubagio, marks the Food and Drug Administration’s first approval of a Genzyme drug since French pharmaceutical giant Sanofi SA bought it for $20.1 billion in 2010. Under its new corporate parent, Genzyme has mounted an effort to enter the lucrative market for multiple sclerosis drugs.

Liberty Mutual expanding into Ecuador through two acquisitions

Boston insurance company Liberty Mutual announced plans Wednesday to expand into Ecuador, its 28th country, through two new acquisitions in the South American nation. The property and casualty insurance giant said it agreed to buy Panamericana de Seguros del Ecuador S.A. and Cervantes S.A. Compania de Seguros y Reaseguros -- both of which are based in Ecuador’s capital of Quito -- for an undisclosed amount.

TD Bank gears up for grand opening of Weymouth branch

TD Bank, the fourth-largest retail bank in Massachusetts, said it has scheduled a Saturday grand opening for a branch in Weymouth. The branch at 754 Main St. will be TD Bank’s 154th branch in Massachusetts. Matt Brady, a banker with 30 years of experience, is the store manager for the Weymouth location. With executive offices in Maine and New Jersey, TD Bank operates branches from Maine to Florida.

Panera offers $10k award for the most creative new sandwich

Bakery cafe chain Panera Bread is holding a contest to see who can devise the most creative new sandwich. The winner will take home $10,000 cash, $500 worth of Panera gift cards, and free Panera Bread bagels for a year. Added bonus: The winner’s sandwich will be added to the menu for a limited time at participating Panera Bread bakery-cafes throughout the United States.

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