Boston Business Journal

Massachusetts cannabis board launches search for new leader

The Cannabis Control Commission has launched a national search for its next executive director. The role has been officially vacant since Dec. 4, following months of turmoil at the CCC in the latter half of 2023. Watch NBC10 Boston news...

No deal: Tripadvisor stock plunges after sale or merger is ruled out for now

Three months ago, Needham-based travel metasearch company Tripadvisor formed a special M&A committee to evaluate potential suitors. On Wednesday, the committee announced its conclusion: "At this time, there is no transaction with a third party that is in the...

Massachusetts-based IRobot names new, permanent ‘turnaround’ CEO

iRobot Corp. has found its new leader, about three months after its longtime chief executive and co-founder Colin Angle left his role in the wake of the collapse of the Amazon merger. The Bedford-based Roomba maker said Tuesday that Gary...

What’s next in the Steward Health Care bankruptcy?

Steward Health Care filed for Chapter 11 bankruptcy protection on Monday. Here’s what’s next in the Dallas-based, for-profit hospital system’s proceedings, and how Massachusetts officials are expected to respond. In a letter to Steward employees from chairman and CEO Ralph...

Cambridge startup nabs big pharma deal worth up to $1.8M after ‘reset’

Torben Straight Nissen took over the reins of Repertoire Immune Medicines at the tail end of 2022, at a time when the Cambridge company was in need of a reset. Nissen's arrival coincided with Repertoire’s decision to scrap its two...

Northeastern helps a new crop of healthcare startups in Maine

Ten new healthcare tech startups are taking part in Northeastern University's Roux Institute, with a year-long residency program that promises mentorship for the startups and innovation for Maine’s economy. The Roux Institute, based in Portland Maine, is working with the state to bring entrepreneurs into...

The first apartments at Suffolk Downs can now be rented

The HYM Investment Group and its partners have kicked off pre-leasing at Amaya, the first building scheduled to open at their massive Suffolk Downs redevelopment in Revere and East Boston. The first residents won’t move in until June, but prospective...

Mass General Gets OK to Add Nearly 100 Beds

Massachusetts General Hospital won state approval Wednesday to add 94 beds. The Massachusetts Public Health Council unanimously voted to allow for the expansion. The proposal had previously been shot down in 2022 over concerns about rising healthcare costs. In January, the Business...

Massachusetts cannabis equity businesses get state money after years of waiting

Cannabis social equity businesses are finally set to see an infusion of state money after years of waiting. The Healey-Driscoll administration announced Tuesday that 50 grants, ranging from $20,000 to $50,000, have been distributed to Massachusetts cannabis businesses through the Cannabis...

Largest office-to-housing proposal downtown wins BPDA approval

The Boston Planning and Development Agency board on Thursday approved the largest office-to-residential conversion to date in the city’s program to incentivize the creation of more housing downtown and in surrounding neighborhoods. KS Partners got the go-ahead to convert the...
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