Business

Athenahealth Lays Off 100s of Workers, Closes Satellite Offices

By |

Watertown’s biggest employer and owner of the Arsenal on the Charles complex had big layoffs Thursday and closed offices in other locations. The Boston Business Journal reported that the company laid off 400 people, including some at the Watertown headquarters, and closed offices in San Francisco and Princeton, N.J. The Boston Globe put the layoffs at 500, or 9 percent of the overall workforce. Athenahealth had about 2,300 employees in Watertown. “We do not take the decision to reduce our workforce lightly, but these are necessary changes to enable athenahealth to succeed over the long-term,” the company said in a statement. The job cuts come at the same time that Athenahealth has teamed with the town and the state on a multi-million dollar project based on adding jobs at its Watertown headquarters.

Business

Vote for Your Favorite Non-Profit in the Watertown Savings Customer Choice Awards

By |

Watertown Savings Bank (WSB) CEO Ron Dean is pleased to announce that voting is open in the Bank’s 22nd Annual Customer Choice Awards. Through this program $75,000 is distributed among local non-profits according to how bank customers vote. “The Bank is extremely proud of the Customer Choice Awards because of how many
organizations are helped,” Dean said. “Our employees look forward to the awards night each year, to learn about all of the good work being done in our communities.”

How do the Customer Choice Awards work: Anyone with a Watertown Savings Bank account may vote. Customers may vote only once for their favorite local, non-profit organization.

Business

Members of Watertown’s Most Unique Baseball League Visit Mt. Auburn Hospital

By |

Members of the Watertown Challengers League made a recent stop at Mount Auburn Hospital in Cambridge to thank the hospital and CEO Jeanette Clough for their important sponsorship, the hospital announced. The Watertown Challengers League is a division of Little League Baseball that gives youth ages 7-19 with special needs the opportunity to have fun and be a part of a team. Participation is free to each player and includes a uniform, jacket, trophies and an annual banquet thanks to local sponsors. The team is run by Eric Manning (of Watertown), VP of the Watertown Challenger League and his wife Brenda Manning (of Watertown), board member at large and manager of the Watertown Challenger League. The Mannings joined the league five years ago as volunteer coaches aiding their son, Brian Manning (of Watertown) who has cerebral palsy.

Business

Community Partners Talk About Tufts Health Plan in Company’s Annual Report

By |

This year Tufts Health Plan Foundation took a new approach to the annual report, sharing community voices to represent our work for 2016, the company announced in a press release. The audio annual report, Making Our Communities Great Places to Grow Up and Grow Old, released today, highlights collaborations and initiatives supported by the Foundation to advance the age-friendly movement across the region. “Listening is critical in our role as community partner and investor,” said Thomas O’Neill III, chair of the Foundation board of directors. “It informs how we engage, promote health and connect to the communities we serve.”

As part of its practice, the Foundation collaborates with and engages older adults, civic leaders and nonprofit organizations in Massachusetts, New Hampshire and Rhode Island to support communities that work for people of all ages. “We are living longer, and opportunities to create vibrant cities and towns that are great places to grow up and grow old must be advanced,” said Nora Moreno Cargie, Foundation president and vice president, corporate citizenship atTufts Health Plan.

Real Estate

$1.3 Million Colonial Revival Among This Week’s Watertown Open Houses

By |

Dozens of open houses to visit around Watertown this week. $548,900 – 3 Repton Place Unit 3108, 6 room, 2 bed, 2 bath mid-rise, Open Houses: Saturday 12-2 Sunday 12-2

$825,000 – 12 Rose Ave. Unit 12. 6 room, 3 bed, 2 bath townhouse, Open Houses: Saturday 11-2 Sunday 1-3

$825,000 – 37 Hillcrest Cir., 2 unit, 10 total room, 4 total bedroom 2 family, Open Houses: Saturday 12-2 Sunday 12-2

$449,900 – 39 Morton St. Unit 39, 7 room, 2 bed, 1.5 bath 2/3 family, Open Houses: Saturday 12-2 Sunday 12-2

$305,000 – 106 Mount Auburn St.

Business

Tufts Health Plan HQ Receives Superior Energy Performance Designation

By |

Tufts Health Plan’s Watertown office buildings have received the top designation for superior energy performance from the U.S. Environmental Protection Agency, the company announced. “We’re honored to earn the ENERGY STAR for superior energy performance. It is a testament to our outstanding staff who work tirelessly to reduce our energy footprint,” said Ronald Reppucci, Vice President of Real Estate and Support Services at Tufts Health Plan. “Saving energy is just one of the ways we show our community we care, as we do what we can to support the environment.”

This is the 12th consecutive year the office at 705 Mount Auburn Street has received the distinction, and the second year in a row the office at 64 Grove Street has received this distinction. Mount Auburn received a score of 91, while Grove received a 93.

Real Estate

A Cape, Two Town Houses and a Condo Sold This Week in Watertown

By |

See the two homes that sold this week in Watertown. $325,000 – 8 Riverside St. Unit 1-1, 3 room, 1 bedroom, 1 full bathroom, Low-Rise condo/townhouse

$565,000 – 204 Acton St., 8 room, 4 bedroom, 3 full bathroom, Cape single-family home

Sponsored by:

$801,000 – 97 Edenfield Ave Unit 97, 7 room, 3 bedroom, 4 full & 1 half bathroom, Townhouse condo/townhouse

$602,500 – 160 Cypress St. Unit 160, 6 room, 3 bedroom, 2 full & 1 half bathroom, Townhouse condo/townhouse