Company Notebook

WNEC, Big Y Create Wellness Center
SPRINGFIELD — Big Y Foods Inc. and Western New England College School of Pharmacy have partnered to create a faculty pharmacist-run, patient-centered Consultation and Wellness Center at 300 Cooley St. The facility is one of the largest pharmacy consultation and wellness centers in the region and the first to be located in a supermarket. Patients are able to make an appointment with a pharmacist who will work with the individual and their physician to optimize their care. A grand-opening ceremony was staged Sept. 10. Services offered include education and training programs, blood-glucose evaluations, individualized patient care plans, and medication review. The creators of the center note that the services are needed now more than ever given the aging population and the increasing strain on the state’s health care system. Kam Capoccia, clinical associate professor at the School of Pharmacy, will supervise the center. Capoccia notes that collaborative practice models in other states have already demonstrated the ability to improve the health of their patients and save the health care system millions of dollars. Capoccia added that among the goals of the center’s creators are to decrease visits to the emergency room and the number of hospital readmissions by collaborating with physicians on patient care. For more information on the center, call (413) 782-4606 or (413) 796-2000.

Comcast Donates Supplies to Springfield Students
SPRINGFIELD — Comcast recently donated more than 500 backpacks stuffed with classroom essentials to city students from the Martin Luther King Jr. Family Services Afterschool Program, in partnership with Cradles to Crayons, a nonprofit organization dedicated to giving children in need the basic essentials they need to be ready to learn. Comcast and Cradles to Crayons also presented the site with a playground bag filled with essentials including bats, balls, and Frisbees.

NewAlliance, First Niagara Create Top-25 U.S. Bank
BUFFALO, N.Y. — The boards of directors of First Niagara Financial Group Inc. and New Haven, Conn.-based NewAlliance Bancshares Inc. recently announced that the companies entered into a merger agreement, valued on a fixed exchange ratio of 1.10 shares of First Niagara stock for each NewAlliance share. The merger of NewAlliance into First Niagara will be a cash-and-stock transaction creating a top-25 U.S. bank, by assets. The combined bank will have more than $29 billion in assets, including more than $14 billion in loans, as well as $18 billion in deposits. NewAlliance’s 88 branches serve eight counties from Greenwich, Conn., to Springfield. Currently, First Niagara serves communities across Upstate New York, Western Penn. including Pittsburgh, and Eastern Penn. from the Philadelphia suburbs to Allentown. NewAlliance’s Church Street headquarters in New Haven, Conn., is slated to become First Niagara’s New England Regional Market Center.

Law Firm Receives Award
SPRINGFIELD — Skoler, Abbott & Presser, P.C., has been selected for the 2010 Best of Worcester Award in the local business category by the U.S. Commerce Assoc. (USCA). The firm has offices in Springfield, Worcester, and Meriden, Conn. The USCA Best of Local Business award program recognizes local businesses throughout the country. Each year, the USCA identifies companies it believes have achieved exceptional marketing success in their local community and business category. Various sources of information were gathered and analyzed to choose the winners in each category. Winners are determined based on both the information gathered internally by the USCA and data provided by third parties.

MMWEC Upgrades Energy Conservation Web Site
LUDLOW — The Massachusetts Municipal Wholesale Electric Co. (MMWEC) recently introduced a redesigned Web site for its Home Energy Loss Prevention Services (HELPS) program. HELPS provides energy education, home-energy audits, assistance with home-energy improvements, and ENERGY STAR appliance rebates to municipal utility customers. In addition, HELPS provides customers with a gauge of their home’s solar energy potential as a standard part of every audit, with turnkey services for solar-system installation available through the program. HELPS is the residential component of MMWEC’s energy-conservation and efficiency services, which also include programs for commercial, industrial, and institutional customer classes. The redesigned Web site is located at www.munihelps.org.

MassMutual: Plan Participants Stable
SPRINGFIELD — MassMutual’s Retirement Services Division has released data for the quarter ended June 30 indicating that participants in retirement plans administered by MassMutual showed no signs of panic despite the decline in the S&P 500 index, with 96% of participants either maintaining or increasing their savings rates. This behavior helps explain why, despite the stock market’s sharp decline for the second quarter with the S&P 500 index losing 11.4%, MassMutual’s average participant account balance declined by only 3.26%, beating the S&P 500 index by 8.14%, according to E. Heather Smiley, chief marketing officer for MassMutual’s Retirement Services Division. Smiley noted that the “substantially better” performance for participant accounts is primarily attributable to the benefits of continued ongoing deposits by participants and an increased percentage of assets allocated to stable value and bond investments. Male participants fared slightly better than females for the quarter (–2.7% compared to –5.5%) primarily as a result of the impact of higher average deferral rates. The percentage of participant assets in equity investments declined from 41.1% to 38.4% during the quarter, with stable value increasing from 26.3% to 28.4%, and investment in bonds increasing from 7.6% to 8.6%. The percentage in asset-allocation investments (target date and target risk) was relatively unchanged. MassMutual’s data covers approximately 1 million participants across more than 6,000 plans.

TD Charitable Foundation Boosts Museum Programs
SPRINGFIELD — The Springfield Museums recently received a $10,000 grant from TD Bank through the TD Charitable Foundation for its Weekend Family Fun series of educational programs. Family programs highlight holidays, special exhibitions, cultures from around the world, and topics including dinosaurs and Dr. Seuss. Each program includes a performance, hands-on demonstrations, science activities, and craft workshops. TD Bank, through its foundation, provides financial assistance for a variety of cultural and community events. Holly Smith-Bové, president of the Springfield Museums, noted that, without support from TD Bank, these popular programs would not be possible.

Bolduc’s Apparel Under New Ownership
AGAWAM — Bolduc’s Apparel, a sports and custom-apparel company, was purchased in August by the firm’s former vice president and general manager, Todd M. Adelson of Longmeadow. The firm specializes in custom business, corporate, and leisure apparel, as well as school-spirit wear and promotional products. Bolduc’s employs more than 20 full-time employees, many of whom have been with the company for 15 or more years. Adelson noted that he is looking forward to continuing the firm’s steady growth through daily attention to customer satisfaction and the quality of the locally produced custom products.

Firm Acquires ADNET Technologies Inc.
SPRINGFIELD — Kostin, Ruffkess and Co., LLC recently acquired ADNET Technologies Inc. of Farmington, Conn., according to Richard V. Kretz, managing member of the local firm. ADNET is an information-technology firm that specializes in developing and implementing IT solutions for its clients, with measurable returns on investment. With the addition of the new members from ADNET, Kretz noted that the firm can better serve clients with an expansive set of resources “unlike any other accounting, business-consulting, or information-technology company in the region.” Kostin, Ruffkess and Co. also has Connecticut offices in Farmington and New London.

Friendly’s Adds Another Express Restaurant
WILBRAHAM — Friendly’s Express, a unit of Friendly’s new fast-casual concept, will open in Methuen on Sept. 28. The newest Friendly’s Express, located at the Loop at 90 Pleasant Valley St., will offer a fast, fun way for people on-the-go to get the food they crave. The short service time will make Friendly’s Express perfect for quick office lunch breaks, and easy for moms running errands with their children. While guests will place orders at the counter, food will be delivered to each guest’s table. When guests are ready for ice cream, they can place a numbered tag on the edge of their table, and a food runner will bring them their desserts. The 2,338-square-foot restaurant seats 60 and includes additional seating on the patio for seasonal outdoor dining. The Friendly’s Express design incorporates the signature Friendly’s red elements throughout, along with bright tiles and custom pop-art of Friendly’s ice-cream creations. The restaurant features a limited menu of Friendly’s favorites, including SuperMelt sandwiches, Friendly’s Big Beef burgers, salads, Fribbles, kids’ meals, and, of course, ice cream desserts.