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Valeant’s woes could prompt sale of B&L
Part of Bausch & Lomb Inc.—or the entire business—soon could be on the block again. After hedge fund manager William Ackman’s declaration two weeks ago that divesting a portion of the eye care company could help solve problems faced by Bausch & Lomb parent Valeant Pharmaceuticals International Inc., a sale of some or all of […]
$10.2M project on track: Three more buildings coming to Village Gate
A $10.2 million expansion project at Village Gate on North Goodman Street should be ready for tenants this fall. Village Gate developer Gary Stern said the project is progressing on schedule. “It’s really coming together,” he said. Plans call for three mixed-use buildings, totaling 52,000 square feet, at the rear of the 14-acre site. One […]
Personalized medicine creates opportunity
Call it a case of unintended consequences. Hailed in medical circles as a cutting-edge innovation that will vastly improve the prospects of critically ill patients, personalized medicine also has created a new bottleneck in the pipeline for developing the drugs those patients might need. Enter Patient Identification Platform Inc., a Victor-based health information technology company […]
JCC aims to complete expansion in ’16
The $15 million renovation and expansion project at the Jewish Community Center of Greater Rochester Inc. in Brighton should be wrapped up by year-end, with parts of the project slated for completion sooner. The center has raised nearly $14 million toward its fundraising goal for the project, with sponsorship opportunities still available, officials said. The […]
Costello leaves legacy of hard work, success
The professional success Anthony Costello enjoyed was no fluke, his longtime friend and business colleague Thomas Bonadio says. “No one was going to outwork Anthony,” said Bonadio, the CEO and managing partner of the Bonadio Group, of his friend and client of more than 25 years. That strong work ethic led to a successful career […]
Millions at stake in case
For years, Steuben County developer David Fleet’s Cornerstone Homes Inc. was a force in Southern Tier low-income housing. “We were the largest, and we are still the largest single-family home supplier of housing to the working poor. We don’t call Section 8, Section 8 calls us. We don’t call social services, social services calls us. […]
What brain drain?
Danielle Raymo, 30, moved back to the area to start the Rochester Brainery LLC. (Photo by Kimberly McKinzie) It is widely believed that Rochester faces a brain drain—the loss of educated workers to other cities. Not so fast, some experts say. They point to Rochester being the frontrunner in percentage growth of the millennial population, […]
Growth drives changes: Buckingham moves ahead on major developments
Management changes announced this week at Buckingham Properties LLC have been made to help position the firm for growth, company leaders said. The Rochester-based developer has more than $300 million worth of projects in the works and is ready to move forward on two of its developments: Alexander Park North in the city and Winfield […]
Golisano sues decorating firm over yacht work
Paychex Inc. chairman and founder Thomas Golisano is suing a local decorating firm for what he claims are $400,000 in overcharges for work done on his luxury yacht, the Laurel. A philanthropist whose donations helped build the UR Medicine children’s hospital that bears his name as well as a Florida children’s hospital, Golisano last week […]
Kodak Alaris eyes moments
At its essence, a Kodak Moment means a memory that will never be forgotten, captured by a picture. Kodak Alaris Inc. has taken that premise and modernized it, creating the Kodak Moments App—a mobile app that gives users a chance to not only take a photo but create a story around the significant moment. Kodak […]
Lawsuit targets state’s reform of Medicaid
Lawyers for the Rochester-based Empire Justice Center and the National Health Law Program Inc. have filed a class-action lawsuit challenging a cornerstone of the state’s multibillion dollar Medicaid reform. Filed last week in U.S. District Court in Rochester, the lawsuit criticizes the state’s drive to shift much of New York’s long-term care from high-co[...]
Sound designs
Rochester Lyric Opera Inc. has hired the New York City theater design firm Fisher Dachs Associates Inc. to consult on a $6 million renovation of the Lyric Theatre. The move is aimed at improving the design plan that has been in progress for nearly a year. “We’ve lived in it now. It’s been a great […]
