Author Archives: AZ Business Magazine

AZ Business Magazine

About AZ Business Magazine

Over the past two-and-a-half decades, Arizona Business Magazine has grown to encompass not just Arizona Business Magazine, but also a whole host of other publications and signature events. Arizona Business Magazine is the state’s leading monthly business publication. Published by AZ Big Media, the magazine covers a wide-range of topics focusing on the Arizona business scene, and is aimed at high-level corporate executives and business owners.

celebrity-fight-night

Fight Night Auction Includes Trip to Space

Celebrity Fight Night, one of the nation’s most impactful charity events, with XCOR Aerospace, announced today a new space flight experience onboard the XCOR® Lynx® to be auctioned off live, Saturday, April 12 at Celebrity Fight Night XX. This package, along with other items up for auction that night, will help raise money for charity at the milestone 20th anniversary Celebrity Fight Night event at the JW Marriott Desert Ridge Resort & Spa in Phoenix.

This exclusive package includes space flight training at Air Combat USA of Fullerton, California, a space suit fitting and an actual space flight experience onboard the XCOR Lynx, a two-seat spacecraft. XCOR Chief Test Pilot and former NASA Space Shuttle Commander Colonel Rick Searfoss will then pilot two separate missions onboard Lynx, one with the auction winner and one with John Corbett, to the edge of space.

The package also includes a pre-flight physical exam as part of the auction winner’s training, a video of the training day experience, a demonstration of a Lynx launch, two first class tickets to Los Angeles and deluxe hotel accommodations.

The XCOR Lynx flight will depart from a runway at the Mojave Air and Space Port north of Los Angeles, rocketing up to 200,000 feet in five minutes to suborbital space. Lynx will then go through several minutes of weightlessness and gently glide home, for a total time of about 35 minutes of flight.

Actor and country musician John Corbett is well-known for his role as Seth Holt in NBC’s hit dramedy Parenthood, and his self-titled debut country album, which climbed to number 42 on Billboard’s Country Albums chart.

“As an artist, I never for a second dreamed that I could make a living making music. And as a child who was inspired by the Apollo program, I would never have dreamed that the experience of space would be so close at hand–until Celebrity Fight Night connected me with XCOR. To be standing at the threshold of an actual space flight is almost more than I can imagine.”

Colonel Searfoss is both XCOR’s Chief Test Pilot and one of only 100 individuals to actually have commanded a Space Shuttle mission (STS-90). Over his career he has logged 939 hours in space, with 6,000 hours flying more than 79 types of aircraft.

Colonel Searfoss stated that XCOR Lynx is “all of the experiences I had flying the Shuttle, all those phases of flight: the boost, the weightlessness.” But the best part, he added, “is the fact that you’re up in a pilot seat, with me, as opposed to being in the back like a passenger on an airliner. It’s really a ‘Right Stuff’ experience. And I couldn’t be more excited to share the opportunity for this experience with John and Celebrity Fight Night.”

Celebrity Fight Night executive director Sean Currie added that CFN, “now in its twentieth year, could not be more excited to offer this once-in-a-lifetime package with XCOR and Colonel Searfoss. This is truly the experience of a lifetime and we are honored that John Corbett is the explorer who will take part in that journey.”

“Because XCOR Lynx is what Commander Searfoss calls a ‘Right Stuff’ experience, it is important to us to work with a celebrity who is not only moved by the idea of a Lynx flight, but also truly gets the vision of space exploration,” said XCOR representative Greg Claxton. “And all of this could not be for a better cause.”

Celebrity Fight Night’s luxury live auction items are one of the most anticipated aspects of the action-packed evening. The coveted auction items are once-in-a-lifetime experiences that cannot be bought or found elsewhere. The items often go for hundreds of thousands of dollars, helping Celebrity Fight Night contribute a significant amount of dollars to the Muhammad Ali Parkinson Center at Barrow Neurological Institute and other charities. Other auction items and packages previously announced include: dinner with Billy Crystal and Robert De Niro; dinner with Reba McEntire in her Beverly Hills home; backstage dinner with Michael Bublé, a summer weekend with the Kennedys in Cape Cod; an all-inclusive getaway at a private lodge in British Columbia; a west coast trip on the Patron Tequila Express 1927 Vintage Rail Car; a four night stay with Richard Branson on his private British Virgin Islands Necker Island, for a Leadership Gathering, and more.

Joining Muhammad Ali for this special anniversary milestone will be memorable performances from Michael Bublé, The Band Perry and Kenny Rogers. During the gala, Bublé, entertainment icon Robert De Niro as well as philanthropist John Paul DeJoria will be honored with Muhammad Ali Celebrity Fight Night Awards. Billy Crystal will make a special introduction for De Niro; and Bobby Kennedy, Jr. will introduce DeJoria.

Over the past 19 years, Celebrity Fight Night has raised $87 million for the Muhammad Ali Parkinson Center and other charities.

Individual tickets range from $1,500 to $10,000 each and tables of 10 are priced from $15,000 to $100,000 each. For reservations, please call (602) 956-1121.

Celebrity Fight Night XX sponsors include USA Today Sports, Patrón, GoDaddy, PRO EM, XCOR Aerospace, ETIHAD Airlines and M Group Scenic Studios.

health

Mesa-based NextCare Expands in Oklahoma

Access Medical Centers of Oklahoma – a brand of Mesa-based NextCare Holdings, Inc., one of the nation’s leading providers of urgent care medicine and occupational medical services – announces the opening of a new center in the Oklahoma City metro area. This new clinic brings the total number of network locations throughout Oklahoma to 16.

“We are excited to be part of Moore’s close-knit community, and offer residents the highest standard for quality and service within the urgent care industry,” said John Julian, CEO of NextCare Holdings. “Access Medical Centers offer a well-connected network of urgent care clinics in Oklahoma. We are honored to provide exceptional health care to communities throughout the state.”

This new location also builds upon the alliance between Access Medical Centers and Integris Health. The two entities have formed an affiliation to ensure patients have a complete continuum of care.
Says Bruce Lawrence, President and CEO for INTEGRIS Health, “The Access Medical Centers urgent care affiliation offers a gateway to INTEGRIS quality care within metro Oklahoma City. This new location helps us better serve the needs of people in the community.”

The Moore clinic is open seven days a week from 8 a.m. to 8 p.m., Monday through Friday, and 8 a.m. to 8 p.m. Saturday and Sunday. The clinic accepts most insurance plans, including SoonerCare, Blue Cross and Blue Shield, United Health Care, Medicare, Workers Compensation, and many others.

NextCare has an aggressive growth plan in new and existing markets, having opened 27 new clinics across the U.S. in 2013 alone. For more information, visit www.NextCare.com or call 888-381-4858.

satellite

Aerospace forum coming to Greenberg Traurig

Members of Arizona’s business community are invited to the April meeting of the Arizona Aerospace & Defense Forum for an in-depth review of the benefits, risks, and challenges involving negotiating and performing an international agreements including compliance with myriad governmental laws and regulations throughout the world.

Greenberg Traurig, along with law firm Snell & Wilmer, partnered to expand the A&D Forum to Arizona last year. Each month, the A&D Forum alternates from meetings in Phoenix and Tucson.

The group’s next networking and educational session is Tuesday, April 8 from 7 to 9 a.m. at Greenberg Traurig’s Phoenix office at 24th Street and Camelback. The discussion will be led by Brett Johnson, co-chair of the international industry group and government relations group and a partner at Snell & Wilmer. Topics to be discussed include maximizing international supply chains, risks, benefits and challenges related to international law and the aerospace and defense industry.

WHAT: The Next Frontier: Maximizing A&D Foreign Market Opportunities through Understanding International Agreements

WHERE: Greenberg Traurig, 2375 E. Camelback Rd., #700, Phoenix, AZ 85016

WHEN: Tuesday, April 8, 2014; 7 – 7:30 a.m.: Registration/Continental Breakfast/Networking; 7:30 – 9 a.m.: Meeting

COST: A&D Forum Member: Free, Non-member: $40

RSVP: To register click here

SPEAKER: Brett Johnson is a partner and Co-Chair of International Industry Group and Government Relations Group with Snell & Wilmer, L.L.P. His practice includes international transactions and compliance, export, government contracting and health care matters, including professional liability defense and commercial litigation. Brett regularly represents parties and witnesses involved with governmental investigations, including export control, False Claims Act, Foreign Corrupt Practices Act, and government procurement compliance laws and regulations. He has experience handling internal investigations and compliance audits for clients on a wide range of matters. Brett also provides training to businesses and governmental agencies concerning compliance matters and the drafting of related corporate policies and international agreements.

google-glass-macro

Google Glass Revolutionizes Practice of Law

Fennemore Craig, a leading Mountain West regional law firm, is changing the way lawyers interact with clients by lending them Google Glass. With the use of Google Glass, firsthand, live-action experiences are shared in real time between clients and Fennemore Craig attorneys, creating new mechanisms to convey evidence to juries, judges and mediators.

The pilot program, called “Glass Action,” was launched in January 2014 when Fennemore Craig personal injury attorneys James Goodnow and Marc Lamber equipped several business and personal injury clients with the new Google Glass technology, not currently available to the public.

Double-amputee Gary Verrazono is one of those clients and has been using the firm-provided Google Glass for the past three months. Verrazono lost his right arm and leg in a tragic accident in 2012 while working at a racetrack. Google Glass is a game changer for Verrazano, allowing him to share the challenges of his daily life with his Fennemore Craig attorneys, Goodnow and Lamber. He can stream his life as it unfolds, send a text or email, record video, teleconference with his attorneys and photograph, exchange and distribute legal documents — all with a simple voice command or blink of an eye.

“Before I had the glasses, it could take me days to get documents to my attorneys because of the physical challenges I face,” says Verrazono, who lives in Las Vegas but works with the firm’s Phoenix-based counsel. “Now, with just one device, I can communicate easily through various multimedia platforms.”

“It’s the experience of the client unfiltered,” says Goodnow. “Jurors will now be able to see the nuances of a victim’s daily challenges firsthand.”

Having access to his case documents anytime and anywhere is another benefit Verrazono appreciates through Google Glass. “My lawyers are able to talk me through what I am reading while I am reading it, which helps me better understand what’s going on with my case.”

“The legal process is often intimidating for clients,” explains Lamber. “This technology gets us the information instantly, lightening the burden on the client and allowing for more frequent communication. Knowing more about our clients helps us build the strongest case possible.”

When Verrazono struggles to wash his dishes with one hand or to move a grocery cart through the store while pushing his wheelchair, the technology streams those first-person accounts directly to Fennemore Craig attorneys or pushes them to the cloud for later retrieval. Lamber and Goodnow can then use the material in court or other legal proceedings.

“Glass Action” comes on the heels of the firm’s innovative use of the Apple iPad, which Lamber and Goodnow used to elevate client communication and invent new workflow processes for the firm. Their novel use of the iPad caught the attention of Apple, which profiled them in a case study.

Lamber believes that Fennemore Craig has just scratched the surface of what Google Glass can do for its practice. The firm is now testing the technology with expert witnesses and in mock trials. “We can put Google Glass on jurors during trial simulations to see what’s catching their attention,” says Lamber.

Goodnow and Lamber have been widely recognized by the media for their use of technology. The ABA Journal named the attorneys to its list of “America’s Techiest Lawyers.”

ethics

Waste Management Honored for Ethics

Waste Management, a leading environmental solutions for North America, has been recognized by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, as a 2014 World’s Most Ethical Company®.

This is the seventh time that Waste Management has been honored with this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. World’s Most Ethical Company honorees understand the correlation between ethics, reputation and daily interactions with their brand and that the award belongs as much to their associates as it does to them. Waste Management is one of only two companies in the Environmental Services industry honored this year.

“This recognition reflects our most fundamental commitment to keeping the environment—and our people and our neighbors—safe,” said David Steiner, chief executive officer and president of Waste Management. “As an industry leader, we continue to develop strategies to extract value from waste stream to minimize our environmental impact, while at the same time demonstrating a culture where safety and ethics are core beliefs.”

“The entire community of World’s Most Ethical Companies believe that customers, employees, investors and regulators place a high premium on trust and that ethics and good governance are key in earning it,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “Waste Management joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Waste Management for this extraordinary achievement.”

The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ framework. The Ethics Quotient framework has been developed over years of effort to provide a means to assess an organization’s performance in an objective, consistent and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. The Ethics Quotient framework and methodology was determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.

Scores are generated in five key categories: ethics and compliance program (25%), reputation, leadership and innovation (20%), governance (10%), corporate citizenship and responsibility (25%) and culture of ethics (20%).

“Waste Management is proud of this designation which recognizes our company’s efforts in transforming the waste industry to focus on environmental solutions,” said Scott Bradley, Four Corners Area vice president of Waste Management. “We are proud of our employees who help strengthen our reputation as an industry leader.”

The full list of the 2014 World’s Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.

87665813

$1.8 million in grants available to women

The U.S. Department of Labor today announced the availability of approximately $1.8 million in grants through the Women in Apprenticeship and Nontraditional Occupations program, an initiative designed to recruit, train and retain women in high-skill occupations, such as advanced manufacturing, transportation, energy, construction and information technology.

“Helping women get the job skills they need to move up the ladder of opportunity is a top priority for the Labor Department,” said U.S. Secretary of Labor Thomas E. Perez. “These grants will remove barriers for women entering nontraditional fields. Having half of our population underrepresented in the high-skill, high-paying jobs of the future isn’t good for the economic prosperity of our country.”

Approximately four grants will be awarded to community development organizations to create Regional Multi-State Technical Assistance Resource Centers. The centers will support women entering into nontraditional occupations. Services will include:

· The development of connections with pre-apprenticeship programs to prepare women for Registered Apprenticeship programs;

· Orientations on creating a successful environment for women in apprenticeship; and

· Support in the form of child care, transportation, support groups and other efforts to remove barriers to women succeeding in these industries.

Eligible applicants include community-based organizations capable of establishing technical assistance resources for Registered Apprenticeship programs to assist women to enter nontraditional occupations. The grants are jointly administered by the department’s Women’s Bureau and its Office of Apprenticeship.

The solicitation for grant applications will be available at http://www.grants.gov/. For information on the Department of Labor’s range of employment and training programs, visit http://www.doleta.gov/.

Lyle Tweet - Regional Geotechnical Manager

LMT Engineering joins forces with Speedie & Associates

Speedie & Associates, Inc. is joining forces in Tucson with LMT Engineering. LMT is a firm that has specialized in geotechnical engineering, primarily in the Southern Arizona Market, for many years. LMT was headed by Lyle Tweet PE. who now joins Speedie as Regional Geotechnical Manager. Prior to forming LMT approximately 10 years ago, Lyle had an outstanding career working for large established geotechnical firms within the state, culminating in his position as the Tucson Branch Manager for Terracon. His long-standing reputation as a Geotechnical Engineer, particularly within the Tucson market – along with his widely-recognized abilities – will greatly strengthen Speedie & Associates Southern Arizona visibility.

As Regional Geotechnical Manager for Speedie, Lyle’s primary role will be focused on developing new client relationships primarily in the Southern Arizona market – as well as providing geotechnical engineering leadership within the Tucson branch office. Justin Manchester will continue to provide his excellent leadership as overall Tucson Branch Manager.

Speedie & Associates is joined by another LMT associate, Ken Karaba RG. Ken joined LMT in 2008 as its Principal Geologist. Prior to that he was the Tucson Branch Manager for GRC Consultants, a full service geotechnical and environmental consulting firm headquartered in San Francisco. Of his 35 years of experience in the fields of geotechnical engineering, CMT, and environmental consulting in the western US, the last 30 have been in Southern Arizona. Similar to Lyle, Ken will bring both his outstanding local reputation and strong technical abilities in the geotechnical field to Speedie & Associates. As a Geotechnical Project Manager working out of the Tucson office, Ken will be primarily providing Southern Arizona-based geotechnical and environmental support to the firm.

clear energy systems coming to tempe

SRP Elections Fill 46 Seats

Voters in Salt River Project elections Tuesday elected new officers and filled 22 seats on the board and council of the Salt River Project Agricultural Improvement and Power District and new officers and 20 seats on the board and council of the Salt River Valley Water Users’ Association – SRP’s collective governing bodies.

Results from Tuesday’s election become official after a canvass by the SRP boards at their next meetings on Monday, April 7. The newly elected officials will take office May 5 and 6. The terms of SRP president, vice president, board and council seats are all four years.

In unofficial results posted this morning, SRP President David Rousseau of Phoenix and Vice President John R. “Randy” Hoopes of Chandler were re-elected to their second four-year terms. Both candidates were unopposed.

In other unofficial results in which Board incumbents faced challengers, John “Jack” M. White Jr. of Phoenix was re-elected over Ray Arvizu of Phoenix for Seats 6 in both the District and Association; incumbent William W. “Bill” Arnett of Mesa held off challenger Connie Wilhelm of Phoenix for District at-large Seat 12; and incumbent Wendy L. Marshall of Phoenix defeated John Hulburd of Phoenix for District at-large Seat 14.

In contested board seats in which there was no incumbent seeking re-election, Mark V. Pace of Gilbert won Seats 10 in both the District and Association; defeating Mark J. Andersen of Gilbert in the unofficial results. Pace will succeed the retiring Dwayne Dobson on the Board.

In non-contested board seats, incumbent Paul Rovey of Peoria won Seats 2 and Deborah S. Hendrickson of Tempe won Seats 8 in both the District and Association.

In non-contested board seats in which there was no incumbent seeking re-election, Leslie C. Williams of Phoenix won Seats 4 in both the District and Association.

In contested Council races, unofficial winners were Jacqueline “Jacque” L. Miller, Nicholas J. Vanderwey and Robert W. Warren for Seats 6; and Dave B. Lamoreaux, William P. Schrader Jr. and William “Billy” P. Schrader III for Seats 10.

Also elected to Council seats were Jerry Geiger, Kimberly Owens and Bill Sheely for Seats 2; Garvey M. Biggers, M. Brandon Brooks and Michael G. Rakow for District 4; Christopher J. Dobson, Mark L. Farmer and Mark C. Pedersen for Seats 8.

Elected to Council seats were Geiger, Owens and Sheely for Seats 2; Biggers, Brooks and Rakow for Seats 4; and Dobson, Farmer and Pedersen for Seats 8.

SRP is locally regulated by officials elected from within the Salt River Reservoir District boundaries. The Association and District boards establish policy, approve annual budgets, and set prices and fees. Councils for both Association and District amend and enact bylaws, and make appointments to vacant board, council and vice president seats. Traditionally, candidates seek identical positions in each organization.

To be eligible to vote, District and Association electors must be the owner of qualified land, or an individual who has been appointed by the trustee(s) to vote qualified land held in a qualifying trust as of Dec. 22, 2013. In addition, District electors must be a qualified, registered Arizona voter and reside within the state of Arizona. Association electors must also be at least 18 years of age.

All Association positions and all but the four District at-large board positions (Seats 11, 12, 13 and 14) are elected on an acreage-based voting system. The four District at-large board members are elected on a one-vote-per-landowner basis.

SRP is the largest provider of water and power to the greater Phoenix metropolitan area.

homes

Taylor Morrison in Joint Venture to Acquire Marblehead

Taylor Morrison Home Corporation announced that it has formed a joint venture with its two largest shareholders, funds managed by Oaktree Capital Management, L.P. and TPG to acquire and develop Marblehead, a prestigious coastal residential development in San Clemente, California. Marblehead consists of 195.5 coastal acres and can accommodate over 300 luxury home sites.

The joint venture partners have entered into a purchase and sale agreement for the Marblehead site with LV Marblehead, a subsidiary owned by Lehman Brothers Holdings Inc. The acquisition of the site, which is subject to customary closing conditions, is expected to occur in April 2014. Home construction in the community is expected to begin in 2015.

A subsidiary of Taylor Morrison and affiliates of Oaktree and TPG will each be capital partners in the joint venture. In addition, Taylor Morrison is the partner responsible for land development and homebuilding on the Marblehead site.

“Marblehead is a truly unique site and one of the last undeveloped tracts of coastal land in California. It presents a tremendous opportunity that will deepen our land inventory of exceptional sites and further our standard of building high-quality homes in premier locations across North America,” said Sheryl Palmer, President and CEO of Taylor Morrison. “For Taylor Morrison, this venture reflects our objectives of strategically utilizing our strong balance sheet, selectively investing in our land portfolio to meet future demand and providing continued returns for our shareholders.”

“Taylor Morrison is excited to partner with long-time investors Oaktree and TPG on such an important and landmark endeavor like Marblehead. Oaktree and TPG’s continued investment in Taylor Morrison showcases their confidence in our long-term vision, and we are delighted to further expand our relationship through this joint venture,” Palmer concluded.

Jason Keller of Oaktree stated, “Oaktree is always looking for premier real estate opportunities with first class partners. Our long-standing relationship with TPG and our belief that Taylor Morrison is the right developer and builder to execute on this remarkable site, makes this the perfect fit.”

Jamie Sholem of TPG Real Estate stated, “This transaction highlights Taylor Morrison’s ability to execute quality investments while leveraging existing relationships. TPG is fortunate to have great partners in Oaktree and Taylor Morrison, and we look forward to the development of this truly unique coastal California site.”

Headquartered in Scottsdale, Taylor Morrison Home Corporation operates in the U.S. under the Taylor Morrison and Darling Homes brands and in Canada under the Monarch brand. Taylor Morrison is a builder and developer of single-family detached and attached homes, serving a wide array of customers including first-time, move-up, luxury and active adult customers. Taylor Morrison divisions operate in Arizona, California, Colorado, Florida and Texas. Darling Homes serves move-up and luxury homebuyers in Texas. Monarch, Canada’s oldest homebuilder, builds homes for first-time and move-up buyers in Toronto and Ottawa as well as high rise condominiums in Toronto.

semiconductor

ON Semiconductor Acquires Truesense Imaging

ON Semiconductor signed a definitive agreement to acquire Truesense Imaging, Inc., a provider of high-performance image sensor devices addressing a wide range of industrial end-markets including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. The acquisition of Truesense Imaging strongly complements ON Semiconductor’s image-sensor business by vastly expanding its technology portfolio and adding more than 200 new customers. Under the terms of the agreement, ON Semiconductor will pay approximately $92 million in cash to acquire Truesense Imaging, subject to customary adjustments at closing. The acquisition will be funded by available cash on ON Semiconductor’s balance sheet.

“The pending acquisition of Truesense Imaging is a step towards our stated strategic goal of expanding our presence in select segments of the industrial end-market,” said Keith Jackson, president and CEO of ON Semiconductor. “With the acquisition of Truesense, we will augment our abilities to deliver a broad range of high-performance image sensors to the industrial end-market and at the same time significantly expand our customer footprint. I am excited about the growth opportunities the combination of the two companies presents in the high-performance imaging market.”

“ON Semiconductor is an ideal strategic fit for Truesense as we share a common vision for expanding the capabilities of high-performance sensors used in the world’s most demanding imaging applications,” said Chris McNiffe, CEO of Truesense Imaging, Inc. “This combination enables us to leverage our technology base and four decades of imaging expertise with ON Semiconductor’s R&D, manufacturing and global logistics infrastructure. We are very excited to join the ON Semiconductor organization and to enable new growth opportunities for both our customers and our employees.”

ON Semiconductor expects the acquisition to be immediately accretive to earnings and margins, excluding any non-recurring acquisition related charges and amortization of acquired intangibles. Based on unaudited results, Truesense Imaging’s revenue for 2013 was approximately $79 million with gross and operating margins of approximately 44 percent and 23 percent, respectively. Truesense Imaging will be incorporated in ON Semiconductor’s Application Products Group (APG) business group. The transaction has been approved by ON Semiconductor’s and Truesense Imaging’s boards of directors (or authorized committees thereof) and is anticipated to close before the end of the second quarter of 2014, subject to required regulatory approvals and customary closing conditions.

bioscience

Arizona Biomedical Corridor advances

Phoenix Mayor Greg Stanton and the City Council today approved the Phoenix Industrial Development Authority to issue up to $180 million in revenue bonds to finance Mayo Clinic’s new proton beam radiation therapy center.

The Council also approved a two-year extension of its agreement with ASU and Mayo Clinic to continue collaborative planning efforts to develop the Arizona Biomedical Corridor in northeast Phoenix.

The Mayo Clinic Cancer Center, the corridor’s anchor, will be the only center in the Southwest to provide proton beam radiation, a technology that precisely delivers radiation to a tumor while protecting surrounding healthy tissue and organs. The 165,000-square-foot underground facility will help Mayo medical teams treat about 2,000 patients, including children, each year beginning in spring 2016.

“Mayo Clinic’s newly consolidated cancer center is exciting for our community because it helps to deliver top-notch care to our residents and contributes to the innovation-based economy we need,” said Stanton.

“I am thrilled we are taking the next step in our partnership with ASU and Mayo Clinic on the Biomedical Corridor in District 2,” said Vice Mayor Jim Waring. “This project will be a great economic driver for the city and the state, and only enhance Phoenix’s image as an international destination for medical care.”

“Arizona cancer patients will no longer have to travel far to receive proton beam therapy,” said Wyatt Decker, M.D., chief executive officer of Mayo Clinic in Arizona. “Proton beam therapy, with fewer side effects and greater precision, is particularly beneficial for children and younger patients. We’re pleased to be offering this important treatment soon in the fight against cancer, right here in our community.”

Stanton also announced that the Arizona State Land Department has accepted the application by KUD International, a private developer, to play a key role in developing biomedical and advanced technology research on the site. As a result, the department plans to auction 225 acres of land within the proposed corridor by the end of this year.

alzheimers

Flinn Awards $2M to Banner Alzheimer’s Institute

Banner Alzheimer’s Foundation, the philanthropic resource for Phoenix-based Banner Alzheimer’s Institute (BAI), part of the nonprofit Banner Health, received $2 million in grant funding from the Flinn Foundation, a privately endowed, philanthropic grantmaking organization in Arizona.

Aligning with the Flinn Foundation’s mission to advance biosciences in the state, the grant is an investment in BAI’s groundbreaking Alzheimer’s prevention research. Specifically, the funds will support activities related to the Alzheimer’s Prevention Initiative. A global Alzheimer’s prevention research endeavor spearheaded by scientists and physicians at BAI, the Alzheimer’s Prevention Initiative has been described by the director of the National Institutes of Health as a “cornerstone in the national plan to address Alzheimer’s disease.”

“The Flinn Foundation is an invaluable part of the fabric of Arizona’s philanthropic community, investing in organizations and programs with a track record for advancing research, civic leadership, and arts and culture in our state,” noted Andy Kramer Petersen, president and CEO of Banner Alzheimer’s Foundation. “We are honored that they recognize the tremendous potential of the Alzheimer’s Prevention Initiative and value the work being done at BAI.”

The $2 million grant to BAI is the latest in a decades-long philanthropic relationship between the Flinn Foundation and Banner Health. Prior funding supported an array of community outreach and pediatric health care programs, the most notable being Banner School-Based Health Centers, a program delivering primary health care services to children and adolescents throughout the greater Phoenix area who lack health insurance and access to regular care.

To learn more about BAI, the Alzheimer’s Prevention Initiative, and corresponding local and global research efforts, visit www.BannerAlz.org. For more information about giving opportunities, please call Banner Alzheimer’s Foundation at (602) 747-4483 (GIVE).

energy supply - AZ Business Magazine May/June 2012

Report Shows Changing Arizona Energy Mix

Arizona Public Service today released its official forecast of how Arizona will meet its growing energy needs over the next 15 years. The report, called an “Integrated Resource Plan,” takes a big-picture look at Arizona’s energy future that helps APS and other stakeholders plan responsibly. The forecast identified three major trends shaping Arizona’s energy future:

* Arizona’s energy mix will be cleaner. The report predicts that energy from renewable sources will double by 2029. The fastest-growing segment within the renewable category is expected to be rooftop solar, which should triple over the same period. Savings from energy efficiency measures, which are intended to reduce customer demand, are also expected to triple by 2029.

* Natural gas will be the new energy source of choice. Because renewable energy can’t supply customers with steady, predictable energy around the clock, Arizona will need more generation from natural gas, which can start and ramp up quickly, and can provide energy reliably day or night. Over the next 15 years, natural gas is projected to surpass coal and nuclear as the largest source of electricity generation for APS customers. APS still will maintain a diverse, balanced resource portfolio to provide customers with affordable electricity, and manage exposure to fuel price volatility.

* Advanced technology will change the electricity grid. In the next 15 years, APS customers will have more choices about their energy use – smart appliances, plug-in electric vehicles, rooftop solar panels and even the possibility of battery storage. To enable these choices while ensuring safe and reliable electricity, APS is modernizing its electricity grid, making it more dynamic and flexible.

“Arizona’s energy future is bright,” said Tammy McLeod, Vice President of Resource Management for APS. “When we look into the future, we see Arizona’s growing energy needs being met with resources that are increasingly clean, diverse and innovative.”

The report paints an optimistic picture of Arizona’s economic growth. It projects that the state’s energy needs will grow 52 percent in the next 15 years. The requirement for peak demand is predicted to hit nearly 13,000 megawatts by 2029, up 60 percent from today’s peak requirement of 8,124 megawatts. Peak demand measures the amount of electricity being used when energy use is at its highest point.

The projected growth of renewable energy, combined with other actions including the recent closure of three coal-fired units at the APS-operated Four Corners Power Plant, is predicted to make the overall APS energy mix cleaner and more efficient. The report anticipates that in 2029, the APS generation portfolio will produce 14 percent less carbon dioxide and use 24 percent less water per megawatt-hour of electricity generated.

The report also envisions the need for flexible generation and a modern electricity grid. In the past, the electricity grid was like a one-way street. Electricity was generated at large, centralized power plants and delivered to customers at the flip of a switch. Today, power generation is becoming more complex and, in the case of renewable energy, unpredictable and variable based on the weather.

To ensure a steady and reliable energy supply, the report anticipates that utilities like APS will need more generating plants that can respond quickly to changes in customer demand and renewable output. For example, when cloud cover suddenly decreases production from solar sources, APS customers will need smaller, quick-starting generation that can respond within minutes to changing conditions. Power plants fueled with natural gas are better at “ramping,” as it is called, than generating sources such as nuclear and coal.

Along with a more flexible energy mix, Arizona will also need a more flexible, modern electricity grid. APS plans to invest $170 million in modern grid technology over the next five years, in addition to routine grid maintenance and upgrades. This includes installing more than 5,000 advanced devices across the electricity grid that will help APS workers keep it safe and reliable.

APS files its Integrated Resource Plan with the Arizona Corporation Commission every two years, forecasting how it will meet customers’ energy needs over a 15-year planning period.

APS, Arizona’s largest and longest-serving electric utility, serves nearly 1.2 million customers in 11 of the state’s 15 counties. With headquarters in Phoenix, APS is the largest subsidiary of Pinnacle West Capital Corporation (NYSE: PNW).

phoenix

University of Phoenix names new president

University of Phoenix announced that the institution’s board of trustees has named Timothy P. Slottow as the new president of the University.

Slottow’s distinguished career spans 30 years at public and private organizations throughout the U.S. He currently serves as executive vice president and chief financial officer at the University of Michigan, where he is responsible for operations and finance. Since 1998, Slottow’s work at the University of Michigan—one of the nation’s largest public universities—has helped the institution fulfill its academic mission and strategy on behalf of 61,000 students and 44,000 faculty and staff. He will assume office at University of Phoenix on June 20, 2014.

“Tim Slottow’s leadership at the University of Michigan amplifies what he has done throughout his accomplished career: delivering measurable results to public and private organizations as they embrace the principle of continuous advancement and transition to reach ambitious goals,” said Merrilee Lewis Engel, Ph.D., Chair of the University of Phoenix board of trustees.

“After a comprehensive national search, we are honored to have Tim Slottow join us from one of the world’s most respected higher education institutions,” said Gregory W. Cappelli, member of the University of Phoenix board of trustees, and CEO of Apollo Education Group, Inc. “Tim shares our commitment to the mission of University of Phoenix, and to delivering a quality education that helps students achieve academic and personal success to meet their individual and professional goals. I am confident that his focus on connecting students’ talents, skills, and educational achievement to employers’ ever-increasing human capital needs will help differentiate University of Phoenix and deliver genuine value to its students.”

“For decades, University of Phoenix has pioneered change throughout U.S. higher education, and I am honored to lead this groundbreaking and innovative university through its latest and most significant transformation,” said Slottow. “I am committed to furthering the University’s important work to deliver high quality, career-relevant educational programs that help all students achieve—and exceed—their professional goals.”

In his current position at the University of Michigan, Slottow supervises and is responsible for the university’s $6.3 billion annual operating revenues and more than $16 billion in financial and physical assets.

“Tim Slottow has played an integral role in the University’s growth and financial stability throughout the recession, ensuring the University of Michigan’s academic excellence as he worked in partnership with our academic and university leaders,” said University of Michigan president Mary Sue Coleman.

Prior to his work at the University of Michigan, Slottow oversaw strategic business planning and finance at Amtrak in Washington, D.C.; served as director of policy and planning for the City of Seattle; and was a manager at Accenture (formerly Andersen Consulting). He earned a master’s degree in business administration from University of Washington and a bachelor’s degree from University of California, Berkeley.

As the seventh University of Phoenix president, Slottow succeeds Bill Pepicello, Ph.D., who began his tenure at the University in 1995 and announced his intention to retire in September 2013.

Steve Sanghi, president and CEO of Microchip.

Microchip Completes Acquisition of Supertex

Microchip Technology Incorporated and Supertex, Inc. announced that Microchip has completed its previously announced acquisition of Supertex following approval of the transaction by Supertex shareholders at Supertex’s special meeting of shareholders held today.

Approximately 98.4% of the Supertex shares that voted were voted in favor of the merger in which Supertex shareholders will receive $33.00 per share in cash. Overall, approximately 87.7% of the total outstanding Supertex shares were voted. Therefore, approximately 86.43% of the total outstanding Supertex shares were voted in favor of the acquisition transaction.

“We are very pleased to have completed our acquisition of Supertex,” said Steve Sanghi, President and CEO of Microchip. “I welcome the Supertex employees into the Microchip family and look forward to building a combined organization that will bring the capabilities of both organizations to bear in the marketplace.”

As a result of the completion of the transaction, trading in Supertex common stock on the NASDAQ will cease effective after the close of market today.

Microchip will share more information regarding the Supertex transaction during its Q4 and FY2014 financial results conference call scheduled for Tuesday, May 6, 2014.

Entrepreneurs

Zanes Wins National RADICAL Entrepreneur Award

Leading Southern Arizona injury law firm Zanes Law announced that non-attorney co-founder Claudia Zanes has won the Doreen Rainey RADICAL Entrepreneur Award, for being “bold and courageous enough to depart from the usual, expected or ordinary to take charge of her professional and personal lives.” Zanes was given the award March 23 at the 6th annual Get Radical women’s business conference in Reston, Va., just outside of Washington D.C.

“It was incredible to hear I was a finalist and to experience the conference. I met so many inspiring women it was beyond humbling, but to win? That was amazing and completely unexpected,” said Zanes.

Keynote speakers included Doreen Rainey, conference founder, and world-class athlete, wellness expert and daughter of the legendary Muhammad Ali, Laila Ali. The conference theme, “Heart of a Champion,” echoed throughout keynote speeches – as well as Zanes’ off-the-cuff speech to more than 300 women who attended the conference about her humble upbringing and rise to success.

“To hear the stories of Doreen Rainey, Laila Ali and all of the other women was inspiring,” Zanes said. “They talked about what it takes to make it, how they’ve overcome many struggles and how they have lived the ‘RADICAL’ life of a modern businesswoman. I could relate to all of them. I’m in a male-dominated industry and I spend most of my time doing business with men. It was eye-opening to hear the viewpoints of other women, as well as their experiences and it’s something I’ll never forget.”

Claudia Zanes’ marketing knowledge, business management and deep community ties have been absolutely essential to growing Zanes Law. In only 11 years, the firm has come to the forefront of Arizona’s competitive legal market, growing from a single-attorney, three-staff firm to five offices and more than 40 employees.

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HCLA 2014: Lifetime Achievement

Linda Hunt, Dignity Health CEO

Linda Hunt, Dignity Health CEO

WINNER

Linda Hunt
Dignity Health

Hunt, who has served as the leader of Dignity Health in Arizona since 2012, has taken a leadership role to advance healthcare and the biosciences for the people of Arizona. She has worked diligently with legislators, business leaders, educators, scientists and community organizations in order to identify, formulate, and support policies that will give Arizonans better healthcare and raise the bar of knowledge.

 


HCLA 2014 Winners & Finalists

AZ Business Magazine March/April 2014

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HCLA 2014: Researcher of the year

WINNER

Venkatesh G. Ramaiah
Arizona Heart Hospital

Ramaiah, the medical director and director of vascular and endovascular research, successfully created the “un balloon,” which is used to remodel thoracic endografts without the wind sock effect. This products was able to be marketed and sold.


David Jacofsky
CORE Institute

Switching between his doctor’s coat and his suit coat, Jacofsky balances medical and business tasks. He is a nationally recognized expert in joint reconstruction and replacement, traumatology and oncology. He has expanded his organization to care for 43,000 new patients and plans to hire hundreds of new staff members

Glen Weiss
CTCA

Instead of pursuing a traditional academic research career, Weiss changed courses in order to broaden his focus to early drug development for lung cancer, thoracic cancer, skin cancer and rare cancers. He completed numerous clinical trials with investigational agents and helped contribute the approval of three drugs to the FDA.


HCLA 2014 Winners & Finalists

AZ Business Magazine March/April 2014

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HCLA 2014: Physician of the Year

WINNER

Jimmy Chow
IASIS Healthcare

Chow improved the field of orthopedics by helping to design and teach a hybrid technique of a minimally invasive total hip replacement where the surgeon builds a new hip from inside the body. This surgery results in no post-operative limitations and many patients are discharged within 24 hours. Chow is one of 10 surgeons in the world to perform his surgery.


FINALISTS

Karen Corallo Chaney
Magellan Health Services

Chaney provides clinical oversight for adults with mental illness. She initiated the Arizona Programmatic Suicide Deterrent System and the pilot, Driving Suicides to Zero, which utilizes screens, risk assessments, and interventions. No suicides were reported from the pilot and suicides by members of the behavioral health system has decreased by nearly 50 percent.

David Notrica
Phoenix Children’s Hospital

As the trauma medical director for PCH, Notrica helped create the only Level I Pediatric Trauma Center in Arizona for the evaluation, stabilization, treatment and care of children who have experienced a trauma. The program has expanded to treat 2,500 patients, making it one of the busiest pediatric trauma centers in the nation.


HCLA 2014 Winners & Finalists

AZ Business Magazine March/April 2014

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HCLA 2014: Medical Research Company of the Year

WINNER

Banner Alzheimer’s Institute

BAI has undergone a major prevention trial to evaluate a treatment in cognitively healthy older adults at the highest known genetic risk for developing Alzheimer’s disease at older ages. The study is part of the Alzheimer’s Prevention Initiative API, an international collaboration led by BAI to accelerate the evaluation of promising but unproven prevention therapies.


FINALISTS

Banner MD Anderson

Banner MD Anderson spent the year fundraising and innovating for cancer patient treatment. It raised money for a $20 million goal to help with treatments and tests including stem cell transplants, lung cancer screenings, breast cancer drugs manufactured in Arizona, scorpion venom treatments and more.

UA Cancer Center

The UA Cancer Center used the Basic-Clinical Partnerships Research Grant program to support collaborative translational research pilot projects that are led by both a scientist and a clinician. This will fund six teams of investigators on topics including breast cancer, ovarian cancer, brain cancer, myeloma bone disease and lymphoma.


HCLA 2014 Winners & Finalists

AZ Business Magazine March/April 2014

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HCLA 2014: Medical Company of the Year

WINNER

Ventana

Ventana is driving personalized healthcare through the development of “companion diagnostics” to identify patients most likely to respond favorably to specific therapies. Ventana has worked is currently engaged in more that 150 collaborative projects to develop and commercialize companion diagnostics globally.


Medtronic

Medtronic announced and launched several products and studies in 2013. Some of the announcements include the first human implant of the world’s smallest, minimally invasive cardiac pacemaker and FDA approval to enroll the first U.S. renal denervation clinical study for patients with moderate uncontrolled hypertension.

W.L. Gore and Associates

W. L. Gore and Associates expanded FDA approval for its Viabahn endoprosthesis, which is a treatment of stenosis and thrombotic occlusions related to synthetic vascular access grafts. They also enrolled their first patient in a clinical trial of their Excluder iliac branch device that treats patients with common iliac artery aneurysms.


HCLA 2014 Winners & Finalists

AZ Business Magazine March/April 2014

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HCLA 2014: Medical Center or Hospital

WINNER

Scottsdale Healthcare

As a nonprofit, Scottsdale Healthcare not only employs 6,500 staff members, but also is comprised of 1,400 volunteers who donate more than 155,000 hours of service each year. They are the largest employer in the City of Scottsdale and is known for its innovative medical technology, research and patient care.


FINALISTS

Banner Good Samaritan Medical Center

Banner Good Samaritan Medical Center was named to the Becker’s Hospital Review list of 100 Hospitals with Great Heart Programs. The Cavanagh Heart Center is recognized as a leading provider of cardiac services and vascular research. The Medical Center was also home to the 100th set of quadruplets born at their facilities.

Cancer Treatment Centers of America

CTCA provides whole-person care for cancer patients that includes supportive therapies, naturopathic medicine, nutritional support and mind-body, chiropractic and spiritual care. They operate under the Mother Standard and every patient receives individualized care from a team of doctors that follows them through their journey.

St. Joseph’s Medical Center

St. Joseph’s Medical Center received Chest Pain Center Accreditation, which is an international acknowledgement that the hospital has a high level of expertise in treating patients with heart attack symptoms. They have also made great strides in diagnosing and curing Hepatitis C and even did Arizona’s first breathing lung transplantation.

St. Luke’s Medical Center

Providing care for the Valley for more than a century, St. Luke’s has expanded from a 20-bed facility focused on tuberculosis to a 200-bed center that encompasses an inpatient/outpatient hospital, medical office buildings, behavioral health center and acclaimed burn center.


HCLA 2014 Winners & Finalists

AZ Business Magazine March/April 2014

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HCLA 2014: Legal Advocate

WINNER

Kristen Rosati
Polsinelli 

As an attorney dedicated to the healthcare industry, especially to healthcare privacy, health information exchange and clinical research, Rosati has written 12 books, 30 articles and made 200 presentations on healthcare topics. She also helped establish two nonprofits in Arizona that support health information exchange and health information technology.


FINALISTS

Richard Mallery
Snell and Wilmer 

As the founding pro-bono chair and CEO of the International Genomics Consortium, Mallery was the driving force bringing the IGC and TGen) to Phoenix. In addition, he was the founding chair of the Molecular Profiling Institute, which was purchased in January 2008 by Caris Diagnostics of Dallas. He now serves on the board of Caris Diagnostics.

Martin L. Shultz
Brownstein Hyatt Farber Schreck

Shultz led the 100-member Steering Committee that in 2002 launched Arizona’s Bioscience Roadmap, the state’s long-term strategy to advance its bioscience sector. Over 10 years, the Roadmap helped Arizona bioscience jobs increase by 45 percent and the number of bioscience establishments in Arizona rose 31 percent.


HCLA 2014 Winners & Finalists

AZ Business Magazine March/April 2014

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HCLA 2014: Insurance Provider

WINNER

Blue Cross Blue Shield of Arizona

Marking its 75th anniversary in Arizona, BCBSAZ is committed to improving the quality of life for all Arizonans. The company focuses on providing the best value in health insurance as well as outside programs targeted to children and their families to help reduce childhood obesity.


FINALISTS

Health Net of Arizona

Health Net of Arizona has been serving Arizonans since 1981 and has been Ranking Arizona’s No. 1 HMO for nine years in a row. Health Net of Arizona, together with Health Net Life Insurance Company, offer healthcare plans and specialty services including coverage for vision, dental, life insurance, chiropractic and alternative medicine.

UnitedHealthcare of Arizona

UnitedHealthcare serves more than 1.45 million Arizonans and is dedicated to helping people live healthier lives. It works to help simplify the healthcare experience, sustain relationships with care providers, empower consumers and improve affordability for consumers, employers and the larger healthcare system.


HCLA 2014 Winners & Finalists

AZ Business Magazine March/April 2014