Westchester and Fairfield Business Journal 123019

Page 1

DECEMBER 30, 2019 VOL. 55, No. 52

westfaironline.com

Nuvance Health CEO Dr. John Murphy.

INSIDE PAGE

11

TOLL TIME

PAGE

16

TV TIME

Merger creates two-state powerhouse in health care BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

I

n selecting our �irst Businessperson of the Year, the Westfair Communications editorial team carefully weighed such factors as presence in and impact upon our region and beyond; potential for further growth; managerial savvy; and reputation. While there were a num-

ber of worthwhile candidates, it is dif�icult to think of someone who has had a greater impact on the regional landscape over the past 12 months than Dr. John Murphy. The longtime Western Connecticut Health Network (WCHN) president and CEO was instrumental in that group’s merger with Health Quest Systems. First announced in 2018 and �inalized in April of this year,

the merger created Nuvance Health, a $2.4 billion, seven-hospital juggernaut that will serve an area with 1.5 million residents across Connecticut and New York and be staffed by more than 12,300 employees. Murphy, whose main of�ice remains at Danbury Hospital, is Nuvance’s CEO. He also is a founding member and serves on the board of the Value Care Alliance (a » JOHN MURPHY

5

MACK-CALI TO SELL ENTIRE SUBURBAN OFFICE PORTFOLIO BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com MACK-CALI REALTY CORP. PLANS TO SELL

its entire suburban of�ice portfolio, totaling approximately 6.6 million square feet of of�ice space, in 2020. After the completion of the suburban portfolio sale, Mack-Cali’s entire holdings will consist of its waterfront Class A of�ice portfolio of approximately 5 million square feet and its multifamily opera-

» MACK-CALI

Evan R. Corsello

Frank J. Gaudio President & CEO

203.302.4375

tions within its Roseland Residential Trust division. Mack-Cali acquired that company in 2012. Based in Jersey City, New Jersey, Mack-Cali has 69 commercial real estate properties in New York totaling approximately 5 million square feet. Those include 1 Water St. in White Plains. In January, MackCali sold the Elmsford Distribution Center for $70.25 million to

Chief Lending Officer

CALL US TODAY

203.302.4003

EXPERT LENDERS  COMMERCIAL & RESIDENTIAL Port Chester – 914.908.5444 500 Westchester Avenue

NMLS # 510513

Cos Cob – 203.629.8400 444 E. Putnam Avenue

Stamford – 203.413.6101 900 Summer Street

4


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.