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MSLGROUP Boston REAL ESTATE NEW WEST END RESIDENTIAL PROJECT DESIGN SUBMITTED 7 SPECIAL SECTION American City Business Journals - Not for commercial use A BIGGER BITE AT THE APPLE BAY STATE COMPANIES ARE DOING MUCH MORE TO KEEP THEIR EMPLOYEES HEALTHY 13 PICTURE THIS Gardner Museum investments drop The Isabella Stewart Gardner Museum saw a steep six-month revenue decline after a drop in its investment portfolio. CRAIG M. DOUGLAS, 3 CAMPUS REPORT CARD Colleges partner to cap pricing GENE THERAPY’S Two state universities and two community colleges seek to cap four- year costs at $30K. MARY MOORE, 4 BREAKOUT MOMENT The DNA-based therapeutic approach has returned to the forefront of biotech, with local companies leading the way BY DON SEIFFERT, 10 STARTUPS NEW ‘STARTUP CZAR’ AIMS TO HELP ENTREPRENEURS 6 PUBLIC RELATIONS FIRMS IN MASS. 21 BOSTON Breaking news online BUSINESS JOURNAL r BostonBusinessJournal.com March 13, 2015 Vol. 35, No. 6, $6.00 On smartphones and tablets 160 Federal Street BostonBusinessJournal.com/apps 12th Floor Boston, MA 02110 Daily email updates L BostonBusinessJournal.com/email 2 BOSTON BUSINESS JOURNAL READERS GUIDE R NEWSMAKERS R COMING UP ABC MNO WOMEN UP Aveo Oncology ................... 5 MacCormack, Jean ........... 25 Babson College ............... 14 Macrolide .......................... 5 R March 20: IP Law Firms Biogen Idec ..................... 14 Massachusetts Hospital Association .................. 18 R March 27: Robotics Cos./Mobile Blue Cross Blue Shield of Technology Cos. Mass. ........................... 14 Massachusetts Life Science Center ........................... 5 R April 3: Foreign-Owned Companies Borislow Insurance .......... 18 Massachusetts Office of R April 10: Largest VC Deals in Mass. Boston Medical Center........ 5 Consumer Affairs and Business Relations ........ 22 R April 17: Toughest Golf Courses Boston Scientific ................ 5 Matuson Consulting ......... 31 Boston Red Sox .................. 8 Want to be on The List? Email Sean McFadden Matuson, Roberta ............ 31 at [email protected] to request a Brigham and Women’s Cancer Center ........................... 5 Mintz Levin Cohn Ferris survey. Glovsky and Popeo PC .. 24 British Medical Journal ....... 5 Mount Auburn Hospital .... 14 Bunnell, Craig .................... 5 Movement Mortgage ....... 14 Cambridge Health Alliance 14 Museum of Modern Art ....... 5 American City Business Journals - Not for commercial use Cambridge Trust ................ 9 DIGITAL AND SOCIAL MEDIA Nelson Mullins Riley & Chapman, John C. ........... 22 Scarborough LLP ............ 9 R Twitter: Follow us @BostonBizNews Cheng, Seng .................... 10 NFP Corporate Services .... 14 R Find us on: Facebook, LinkedIn and Google+ CounterTack Inc. .............. 30 O’Donoghue, Breege ......... 7 R Cubist Pharmaceuticals ...... 5 Morning Edition: An email digest of top O’Toole, Larry .................. 16 stories from local, regional and national OMAM ............................. 18 sources. DEF R Afternoon Edition: Afternoon roundup of Dana-Farber Cancer PQR Institute ......................... 5 the day’s stories. Paul, Steve ..................... 10 R Davis, Michael A. ............. 30 Digital Edition: Print subscribers can access Potpourri Group ............... 17 a digital replica of the weekly print edition. Definitive Healthcare ......... 5 Primark ............................. 7 R Newsletters: TechFlash, BioFlash, Edmundson, Philip J. ....... 17 Commercial Real Estate, Startups & Venture Edward M. Kennedy Institute STU Capital. for the U.S. Senate ........ 25 Sargent, Joanne ............... 18 EMC Corp. ....................... 14 Sheahan, Denis .................. 9 NEWS TIPS Equity Residential .............. 7 A former social worker, labor lawyer and House member, Karen Spilka, who Contact reporters directly, or send news tips Shield, Brian ...................... 8 Frazer Capital & Co. ............ 7 was elected to the state Senate in 2004, recently spoke with the BBJ about to managing editor Craig Douglas at Southcoast Health ........... 14 Freeman, Michelle............ 18 her legislative priorities and other career and personal interests. [email protected]. State Street Corp. ............ 14 GHI Third Rock Ventures ......... 10 Gentle Giant Moving Co. ... 16 Tufts Health Plan ............ 14 Genzyme Corp. ................ 10 University of Massachusetts R CONTACT US Dartmouth ..................... 3 Geraghty, Jim .................. 10 EVENTS Granite Telecommunications VWXYZ LLC ............................. 14 The Boston Business Journal hosts Vertex Pharmaceuticals ...... 7 Hanchate, Amresh .............. 5 networking, award and education Virgin Pulse ..................... 17 events throughout the year. View the Hannigan, Brendan............. 8 schedule and register for events at Voyager ........................... 10 HealthEdge........................ 5 BostonBusinessJournal.com/event. Walsh, Martin J. ................ 7 Hines .............................. 14 R March 24: Book of Lists Gala. Webster First Federal ......... 9 Hewlett-Packard ............. 14 Wellesley College ............ 14 IBM Corp. .......................... 8 THANK YOU SUBSCRIBE William Gallagher Associates .................... 17 for making the Subscribe, make changes to your sub- JKL scription or get help accessing the digital Winchester Country Club . 17 K&L Gates LLP ................... 9 2015 Go Red For Women edition by contacting Michelle Laczkoski The Wyss Institute.............. 5 Kane, Bill ........................... 7 at 617-316-3207 or email at mlaczkoski@ Luncheon and Educational Forums bizjournals.com. You can also subscribe Kronos Inc. ..................... 14 at BostonBusinessJournal.com/sub- Larose, Cynthia ................ 24 a tremendous success. scribe. Together we are saving Lives! ADVERTISE R CORRECTIONS For advertising information, rates, editorial calendar and production Fair and accurate coverage is at the heart of our mission. specifications, go to: www. We will promptly print corrections of substantive errors. If you believe incorrect or unfair information has appeared in the bizjournalsmediakit.com/boston or Boston Business Journal, please contact Managing Editor contact Angela Canale Craig Douglas at [email protected] at [email protected] or call 617-316-3212 BOSTON BUSINESS JOURNAL (ISSN 0746-4975) is published weekly with a special issue in January by the Boston Business Journal Inc., The Landmark, 160 Federal St., Boston, MA 02110-1700, (617) 330-1000. Copyright REPRINTS Boston Business Journal Inc., ©2015. All rights reserved. Capitalize on positive news and grow your SUBSCRIPTIONS are $110 per year, $209, 2 years; city goes red sponsor business. Get the word out with reprints, $220, 3 years. Periodicals postage paid at Boston, MA. e-prints and commemorative plaques. POSTMASTER: Send address changes to Boston Business Call Michelle Laczkoski at 617-316-3207 Journal, The Landmark, 160 Federal St., Boston, MA or go to bit.ly/reprintservices for the 02110-1700. Phone: (617) 330-1000, Georgann Bruski fax: News (617) 330-1016, Systems Vice President, authorized provider of reprint products. Advertising (617) 330-1015, Steward Health Care System Online: BostonBusinessJournal.com Chair, 2015 Go Red For Women Luncheon educational forum sponsors media sponsors media sponsors Boston Business Journal is a publication of: American City Business Journals, 120 W. Morehead St., Charlotte, N.C. 28202 CBS Radio Boston Whitney Shaw, CEO; Ray Shaw, Chairman (1989-2009) MARCH 13, 2015 3 UP FRONT HEALTHY QUARTER The Isabella Stewart Gardner Museum reported a steep decline in investment income at the end of 2014. Below, the Children’s Hospital art museum’s recently opened wing. reports strong growth in patient, research revenue Boston Children’s Hospital said R BY THE NUMBERS its first-quarter revenue jumped by 9 percent on a year-over- Children’s Hospital year basis due to strong growth first quarter highlights in patient revenue and research- related contracts. The Boston-based care pro- $357.8 vider said net-patient revenue for the three-month period that million American City Business Journals - Not for commercialended Dec. 31 use was $261.3 mil- Total revenue reported in the three-month span. Roughly 74 lion, up roughly 8 percent from COURTESY PHOTO/JESS MELANSON percent of that amount comes the $242.4 million booked in the from net-patient revenue. LOTS OF RED year-earlier span. The hospital said research grants and con- tracts spiked 15 percent to $48.6 $150.7 million. Gardner museum “There is nothing specific that million we did different in fiscal 2015 Total salaries and benefits paid to drive that volume. It’s been by Children’s in the quarter. That number was up roughly $10 a general thrust towards high ended 2014 on million on a year-over-year basis. complexity care,” said Doug Vanderslice, chief financial offi- cer for Children’s. (-$3.14) investment down note Children’s officials said the patient-related revenue increas- million The Isabella Stewart Gardner Museum reported es stemmed from cardiology (a Net loss on Children’s investment a steep year-over-year decline in revenue dur- PORTRAIT OF A 12 percent increase in cases), portfolio, including unrealized ing the six-month span that ended Dec. 31 as the oncology (up 20 percent), and “paper losses,” for the quarter. TOUGH SIX MONTHS In 2013’s corresponding period, renowned art gallery’s investment portfolio took neurosciences (up 6 percent) in the care provider booked
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