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.

HCLA_2014_Logo

HCLA 2014: Healthcare Advocate

WINNER

Dr. John Chen
Maricopa Integrated Health System

Serving the community’s most vulnerable residents, Chen has helped thousands of patients within the Maricopa Integrated Health System. He sees patients who are in urgent need of treatment because of their lack of dental insurance or location in third world countries. He promotes dental care and hygiene to help prevent serious diseases.


FINALISTS

Dr. Randy Christensen
Crews ‘n’ Healthcare

With Crews’n Healthcare, Christensen has helped and advocated for homeless adolescents. He has succeeded in reducing ER visits by 50 percent, increasing the connection of youths and behavioral health case managers by 41 percent, increasing patients screened for STV, HIV and hepatitis by 85 percent and growing the program to care for more than 6,500 patients.

Gerri Hether
Orchard Medical Consulting

Providing great care as a nurse case manager for people injured on the job, Hether receives the most challenging patients with the most complex injuries. She has one of the highest success rates of returning injured workers to productivity and optimal health in the state.


HCLA 2014 Winners & Finalists

AZ Business Magazine March/April 2014

defense

ON Semiconductor Earns DoD Accreditation

ON Semiconductor, driving energy efficient innovations, has been granted “Trusted Design” status for its Pocatello, Idaho, facility through the U.S. Department of Defense (DoD) Defense MicroElectronics Activity (DMEA) accreditation program. The design accreditation adds to the company’s “Trusted Foundry” and “Trusted Broker” accreditations, making ON Semiconductor one of only a select few Trusted Foundry providers to also offer trusted application specific integrated circuit (ASIC) design resources.

The accreditation program is part of the DoD’s strategy to ensure that electronic components used in U.S. military and national security applications are trustworthy and secure. Certification is required and becoming more crucial as offshore migration of all sectors of the microelectronics industry increases and demand for high-performance ASICs from military and national security agencies continues to expand.

The new Trusted Design accreditation enables ON Semiconductor to own the process flow from design right through to wafer fabrication. The company’s project engineering teams in Idaho can now focus on customer designs without third party intervention, accelerating design cycle times for complex ASICs and achieving valuable reductions in overall project costs. Under the Trusted Design accreditation, ON Semiconductor is able to support its 110 nanometer (nm), 180 nm, 0.35 um and 0.5 um standard cell digital designs at its Pocatello, Idaho, facility, which features 40,000 square feet of manufacturing clean room manufacturing space, and at its Gresham, Oregon, facility that has more than 100,000 square feet of clean room space.

“Achieving Trusted Design accreditation underlines the extremely high quality and security of our technical expertise, facilities, processes and products,” said Vince Hopkin, vice president, Military/Aerospace, Digital, Custom Foundry, IPD and Image Sensor products at ON Semiconductor. “Along with the company’s previously awarded Trusted Foundry and Trusted Broker accreditations, the Trusted Design status enables ON Semiconductor to further improve our services to customers and achieve enhanced efficiencies that help reduce overall costs and time-to-market for new designs.”

health,informatics

GlobalMed Joins Alliance for Connected Care

Representatives of member companies unanimously approved GlobalMed® for membership in the Alliance for Connected Care, a 501(c)(6) organization, on March 20th. Former U.S. Senate Majority Leaders Tom Daschle and Trent Lott and former senior Senator John Breaux officially launched the Alliance in February. Members are leading health care and technology companies from across the healthcare spectrum, representing insurers, retail pharmacies, telehealth platform providers, telecommunications companies and health care entrepreneurs.

The goal of the Alliance is to create a regulatory environment in which every medical provider in America is permitted to deliver safe, high quality care using telehealth technology at his or her discretion, and be compensated at a consistent rate, regardless of care delivery location or technological delivery method.

“Healthcare is at a critical juncture,” said GlobalMed CEO Joel E. Barthelemy. “I believe we all want a healthcare system that utilizes proven, secure technologies in the delivery of care to minimize unwanted outcomes and high costs.”

Medical licenses vary by state, and some prohibit physicians from treating patients or prescribing medicine without an in-person visit. The Alliance believes it can achieve its goal of improving access to health care through legislation that removes geographic and site limitations and enables patients to communicate with their providers, regardless of location. It also wants to ensure the appropriate reimbursement of providers for connected care.

“The Alliance for Connected Care is spot on,” Barthelemy noted. “These are the disincentives that have discouraged the widespread use of technologies for remote care that other countries around the world have already embraced.”

mobile-mini-and-pods-containers

Mobile Mini Completes Pair of Acquisitions

Mobile Mini, Inc. announced it has completed the purchase of the assets and operations of two portable storage providers located in North Dakota and North Carolina. Financial terms of the transactions were not disclosed.

“These acquisitions align with our growth strategy in geographic areas of opportunity where we can acquire high utilization rental assets on favorable terms,” said Erik Olsson, Mobile Mini President and Chief Executive Officer. “The expansion of our fleet in both North Dakota and North Carolina provides strategic opportunities by increasing access and availability for new and existing customers in these regions. We find the oil & gas driven market in North Dakota to be attractive and the newly acquired North Carolina units are over 95% utilized, both of which should provide consistent long-term returns.”

The two newly acquired businesses have a combined fleet of over 1,200 units which consists predominately of portable storage containers. Mobile Mini will not add any employees from either acquired business.

Olsson continued, “We are executing on our growth strategy by focusing on both organic growth along with strategic acquisitions and believe this will continue to add long term value for our shareholders.”

law

Jaburg Wilk Expands Healthcare Practice

Jaburg Wilk announced that Douglas O. Guffey joined the firm as a Partner to expand the healthcare law practice area.

Guffey has over thirty years of legal experience representing doctors and healthcare facilities. He served twelve years as the Executive Director of a management services organization supporting physician-owned medical groups and treatment centers.

In earlier years, Guffey worked his way from associate to equity partner in a large law firm representing commercial banks and Fortune 500 companies, and served as a senior contract law advisor in the U.S. Army Judge Advocate General’s Corps where he earned a U.S. Army Meritorious Service Medal.

“Doug not only expands JW’s healthcare expertise, but his extensive experience in real estate and business transactions provides additional “bench strength” for our transactional clients,” said Managing Partner Gary Jaburg.

Guffey received his J.D. from Harvard Law School, his M.B.A. from Harvard Business School and his B.S. summa cum laude from Arizona State University.

Guffey is an AV Preeminent,” rated attorney, the highest rating in legal ability and ethical standards from Martindale-Hubbell.

dan-von-hoff

TGen expert honored for cancer research

Dr. Daniel D. Von Hoff, who has been instrumental in developing numerous new cancer treatments, is among this year’s recipients of the Award of Excellence from the Hope Funds for Cancer Research.

Dr. Von Hoff, M.D., FACP, who is Physician-In-Chief and Distinguished Professor at the Translational Genomics Research Institute (TGen), and Chief Scientific Officer for Scottsdale Healthcare’s Virginia G. Piper Cancer Center Clinical Trials, will receive the 2014 Hope Funds Award of Excellence in Medicine.

The Hope Funds for Cancer Research is dedicated to advancing innovative research for the most difficult-to-treat cancers.

Dr. Von Hoff is being recognized for his work over the past decade in the clinical development of many new cancer treatments. He was nominated by past recipients, and selected by the Hope Funds Board of Trustees.

His accomplishments will be celebrated April 24 at the 2014 Award of Excellence Gala at The Metropolitan Museum of Art in New York. The gala provides support for programmatic activities and raises funds for postdoctoral fellowships in cancer research.

Dr. Von Hoff is a medical oncologist and oncology drug developer whose major interest is in the development of new anticancer agents. His clinical research is conducted at Virginia G. Piper Cancer Center Clinical Trials at Scottsdale Healthcare, a partnership between Scottsdale Healthcare and TGen in Scottsdale, Ariz.

Among the other five recipients of the 2014 Hope Funds Award is Nobel Prize Laureate Dr. James D. Watson, best known as the co-discoverer in 1953 of the double-helix structure of DNA, a scientific turning point in the understanding of life. Dr. Watson is receiving a special Award of Excellence for Extraordinary Achievement. Other recipients of this year’s Award of Excellence are: Dr. Tyler Jacks for Basic Science; Dr. Charles L. Sawyers for Clinical Development; and Dr. Jan Vilcek for Advocacy.

“With the occasion to celebrate the greatest living scientist of the 20th Century (Watson) along with this year’s Honorees, plus our past Honorees, this will be a gathering of many of the greatest minds in the field of cancer research,” Dr. Malcolm A.S. Moore, Chairman of the Board of Trustees for the Hope Funds for Cancer Research, said in a press release.

At the gala, Hope Funds will present its Awards of Excellence in recognition of outstanding achievements in the fields of basic research, drug development, medicine, patient support and philanthropy.

“This event, a white tie dinner set in the shadow of an ancient Egyptian temple, will highlight a remarkable group of scientists who are making a radical difference in cancer research. It is truly an extraordinary experience,” Bill Rueckert, Honorary co-chair of the 2014 Gala said in a press release.

Dr. Von Hoff and his colleagues have conducted early clinical investigations of many new cancer agents, including: gemcitabine, docetaxel, paclitaxel, topotecan, irinotecan, fludarabine, mitoxantrone, dexrazoxane, nab-paclitaxel, vismodegib, and others. These treatments are helping many patients with breast, ovarian, prostate, colon, leukemia, advanced basil cell and pancreatic cancers.

“I am truly honored to be included in the company of such distinguished physicians and scientists whose work has been furthered by the Hope Funds for Cancer Research,” said Dr. Von Hoff. “This recognition not only celebrates past accomplishments, but also is a reflection of the advances we are making right now for the benefit of our patients.”

He and his colleagues are concentrating on the development of molecularly targeted therapies for individual patients with cancer. His other major accomplishment is the development of two specific treatments, which have improved the survival for patients with advanced pancreatic cancer.

Dr. Von Hoff also is Professor of Medicine at both Mayo Clinic Scottsdale and the University of Arizona College of Medicine; and Chief Scientific Officer at US Oncology.

Dr. Von Hoff graduated cum laude from Carroll University, and received his M.D. from Columbia University College of Physicians and Surgeons. He completed his internship and residency in internal medicine at the University of California, San Francisco, then completed a medical oncology fellowship at the National Cancer Institute. Dr. Von Hoff served a six-year term on President Bush’s National Cancer Advisory Board (2004-10).

He is a Fellow and past President of the American Association for Cancer Research (AACR), the world’s largest cancer research organization; a Fellow of the American College of Physicians; and a member and past board member of the American Society of Clinical Oncology (ASCO). Dr. Von Hoff is a founder of ILEX™ Oncology, Inc. (acquired by Genzyme after Ilex had 2 agents, alemtuzumab and clofarabine approved by the FDA for patients with leukemia). He received ASCO’s 2010 David A. Karnofsky Memorial Award for his outstanding contributions to cancer research leading to significant improvement in patient care.

cybercrime

U. of Phoenix offers Cybersecurity Scholarships

University of Phoenix, a subsidiary of Apollo Education Group, Inc., and the (ISC)2® Foundation, today announced they are offering nine full-tuition scholarships. (ISC)2 Foundation is the non-profit charitable trust for (ISC)² that aims to empower students, teachers and the general public to secure their online lives with community cyber security education and awareness. The scholarships will provide education opportunities for individuals interested in entering or furthering their information security careers.

Each scholarship recipient will have the opportunity to complete an undergraduate or master’s degree program at University of Phoenix and will receive a voucher from (ISC)² to take either the SSCP® or CISSP® certification exam within one year of graduation.

(ISC)² and University of Phoenix are both working to advance the skills of information technology and security professionals to address the growing skills gaps in these fields. The collaboration will also be reflected in curriculum that meets the needs of today’s information security economy.

The (ISC)² sixth annual Global Information Security Workforce Study (GISWS) revealed that the lack of skilled and qualified information security professionals is negatively affecting both companies and consumers and causing a global economic ripple effect. In fact, more than half (56 percent) of survey respondents indicated that the staffing shortage is significantly impacting their organizations. Security concerns indicated by respondents included brand damage, breaches of laws and regulations, service downtime, customer privacy violations, and customer identity and corporate intellectual property theft.

“Educating cybersecurity professionals should be one of the top global priorities,” said Julie Peeler, director, (ISC)2 Foundation. “The profound staffing and skills shortages in this industry put organizations’ reputations and customer data at risk. We are proud to collaborate with University of Phoenix to offer these scholarships and provide learning and career opportunities to the next generation of information security professionals.”

“University of Phoenix is committed to providing degree programs and curriculum that reflect real industry needs,” said Dr. Tim Welsh, senior vice president for Industry Strategy at Apollo Education Group. “There is a clear demand for information security professionals and the University is pleased to collaborate with (ISC)², a globally renowned leader in the information security field, to directly align our education programs with industry staffing needs.”

Applications for the University of Phoenix/(ISC)² Cybersecurity Scholarships are currently being accepted. The deadline to apply is June 3, 2014. Each scholarship recipient will have the opportunity to complete an undergraduate or master’s degree program at University of Phoenix and can choose to attend a local University of Phoenix campus or online. (ISC)² will also provide recipients with a voucher to take either the SSCP or CISSP certification exam within one year of graduation. The exam voucher will be provided to the awarded recipients upon proof of graduation in an area of study with an emphasis on cybersecurity and/or information assurance. For scholarship terms and conditions or to learn more about the scholarship, visit www.phoenix.edu/isc2scholar.

To learn more about University of Phoenix efforts to better equip the workforce through innovative corporate alliances, learning tools and educational programs, visit phoenix.edu/industry.

satellite

Orbital Begins Building 81 Satellites in Gilbert

Orbital Sciences Corporation, one of the world’s leading space technology companies, announced that it has started production of 81 satellites for the Iridium NEXT program as part of a contract between Orbital and Iridium’s prime contractor, French-Italian aerospace company Thales Alenia Space. Orbital will complete the assembly, integration, test and launch support phases for this second-generation global communications satellite constellation at its satellite manufacturing facility in Gilbert, AZ. The commencement of production also signifies the opening of a Foreign Trade Zone (FTZ) at the Gilbert facility, which allows Orbital to reduce program costs by importing foreign-sourced hardware from Thales Alenia Space.

“Ten years ago, this factory was created with large scale production in mind,” said Jason Yocum, Orbital’s Senior Program Director for the Iridium NEXT production program. “Today, at the Gilbert facility, we produce cutting-edge satellites that are executed with the highest degree of excellence and professionalism. As always, we appreciate the support we have received from the Town of Gilbert as we begin to use this unique facility for its intended purpose – as an international high-rate satellite production factory.”

Orbital worked closely with the Town of Gilbert to develop the new FTZ, enabling the company to develop a highly efficient satellite production line. Orbital will integrate a total of 81 satellites for the constellation, including 66 low-Earth orbit operational satellites, six in-orbit spares, and nine ground-backup spacecraft, over the next three years. Orbital’s responsibilities also include ground support equipment, primary and hosted payload integration, shipment and launch integration services.

“We thank Orbital for their partnership and cooperation in creating Gilbert’s first Foreign Trade Zone,” said John Lewis, Mayor of Gilbert, AZ. “It takes a tremendous amount of effort to prepare for a project of this magnitude and we are excited for this international effort to be happening here in Gilbert.”

Scheduled to begin launching in 2015, Iridium NEXT will fully replace Iridium’s current satellite constellation of 66 cross-linked low-Earth orbit (LEO) satellites that cover 100 percent of the globe. It will dramatically enhance Iridium’s ability to meet the rapidly-expanding demand for truly global mobile communications on land, at sea and in the skies.

“Over the past three years, our teams have been working diligently to produce the best-designed satellite and to validate that design in preparation for production,” said Scott Smith, Chief Operating Officer, Iridium Communications Inc. “Team members from all over the world have been working together to challenge the processes, build hardware for validation testing and work to make this process as efficient as possible. All of this hard work has paid off and we look forward to a steady production of high quality satellites for our new network from this facility.”

airport

Sky Harbor Honored at World Airport Awards

The SkyTrax’s World Airport Awards, a global benchmark of airport excellence, recently named Phoenix Sky Harbor International Airport as one of the World’s Best Airports serving 40-50 million passengers in 2014. Phoenix Sky Harbor ranked seventh in the world and joins the ranks of other international airports such as Incheon International Airport in South Korea and Kuala Lumpur International Airport in Malaysia.

These awards were presented at the Passenger Terminal Expo 2014 in Barcelona, Spain. The annual World Airport Awards are one of the most respected honors in the industry. Honorees are selected by customers in the largest, annual independent global airport customer satisfaction survey. The survey asks customers from more than 160 countries to rank 410 airports based on 39 key indicators such as ease of check-in, terminal comfort and cleanliness, choice of shopping and dining options, and friendliness of airport staff.

“We are honored that Phoenix Sky Harbor International Airport, America’s Friendliest Airport, was named one of the World’s Best,” said Acting Aviation Director Tamie Fisher. “We take pride offering our travelers world-class customer service and access to the services they desire to make their travel experience seamless and enjoyable.”

bmx

Gilbert Will Host USA BMX Open House

Representatives from the Town of Gilbert will host a second open house on April 8, from 6pm-8pm, at the Council Chambers at Town Hall, to discuss the potential partnership with USA BMX to develop a new facility in Gilbert. This open house will address the details of a potential agreement to go before Council for approval at a later date.

Gilbert has been selected by USA BMX as the preferred location for their new facility. The facility will include a covered BMX arena, training facilities, BMX Hall of Fame and Museum, Bike Park and the USA BMX Headquarters.

Officials from the Town of Gilbert will provide detailed presentations to address questions regarding cost, funding, traffic, location, economic impact, and other matters, followed by a question and answer session and table discussions.

“This partnership will enhance Gilbert’s tourism and economic development efforts,” says Economic Development Director Dan Henderson. “The project’s potential location will provide greater opportunities for visitors to spend their dollars here in Gilbert.”

“This project is consistent with the Parks Master Plan which clearly outlines regional partnerships and park amenities that attract other amenities,” says Parks and Recreation Director Rod Buchanan.

Deal, WEB

Free Workshop for Business Leaders

Business owners interested in selling their business is the April topic at Enterprise University’s educational learning program on Thursday, April 10 at the Phoenix Country Club.

Enterprise University, a free program offered by Enterprise Bank & Trust, will feature partner James D. Colyer of True North Companies to discuss “Options for Selling a Business and How Private Equity Can Help.”

The morning workshop includes continental breakfast and will review the various exit strategies, the best way to prepare for a sale and explore how private equity can be a catalyst to ensuring a successful transition.

Enterprise University provides free educational seminars on a variety of relevant topics for business owners and their leadership taught by experts in a variety of fields including advertising, marketing, business continuity, financial planning and more.

WHAT: Free course for business leaders on “Options for Selling a Business and How Private Equity Can Help”

WHERE: Phoenix Country Club, 2901 N. 7th St. Phoenix, Ariz. 85014

WHEN: Thursday, April 10, 2014
7:30 a.m. – 8 a.m.: Registration/Continental Breakfast/Networking
8 a.m. – 9:30 a.m.: Workshop

COST: Free to business leaders. Registration is required.

RSVP: Visit www.enterprisebank.com/eu to register

SPEAKER: James D. Colyer is a partner at True North Companies and is responsible for deal origination, underwriting, deal execution and portfolio management activities. He has been a professional investor for more than 13 years and has worked on the buying and selling sides of deals involving aerospace and defense, consumer products and other industries.

For questions on Enterprise University, call Kay Erb at 800-396-8141, ext.13203.

baseball

Goodyear Ballpark named best in Cactus League

After a long, fierce and competitive battle of the spring training ballparks, the results are in and it’s official.

Goodyear Ballpark – the spring training home of Major League Baseball’s Cincinnati Reds and Cleveland Indians, has been voted as best place to see a spring training game in the Cactus League in USA Today’s 10Best Reader’s Choice Travel Poll.

Overall, Goodyear Ballpark – the crown jewel of the city which has been gaining notice on a national level also finished second nationally among Arizona and Florida spring training ballparks in the poll spearheaded by the newspaper’s longtime baseball writers Bob Nightengale and Paul White.

Goodyear Ballpark, which was completed in 2009 and seats 10,311, also recently was named the top “must see” spring training facility by National Public Radio’s Pittsburgh station’s travel reporter Elaine Labalme who traveled to spring training ballparks in both Arizona and Florida.

“This is quite an honor for Goodyear Ballpark,” Goodyear Mayor Georgia Lord said of USA Today’s 10Best poll. “We’re proud to be recognized as the No. 1 ballpark in the Cactus League, and thank the fans for voting us there.”

This year marked the first year of the Best Spring Training Facility category in USA Today’s 10Best Reader’s Choice Travel Poll, an annual contest in the largest newspaper in the United States. Readers and fans were allowed to vote once a day for a month – from Feb. 24 to March 24.

Goodyear was edged out by Charlotte Sports Park in Port Charlotte, Fla. – the spring training home of the Tampa Bay Rays. Salt River Fields, the spring training home of the Arizona Diamondbacks and the Colorado Rockies located on the Salt River Pima-Maricopa Indian community, finished third.

“They told us we ran a great campaign,” said Debbie Diveney, business-operations supervisor of Goodyear Ballpark. “We tried to have fun with it – we even had fans voting live with us at the games – beginning with Goodyear Mayor Georgia Lord’s urging the fans to vote during our opening weekend festivities on Feb. 28 – right up to the very end. It was a valiant effort on our part. Thanks to all the fans who participated. Wait ‘til next year.”

housing.prices

Bill aims to create new housing-loan structure

The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans.

Representative Maxine Waters of California outlined a measure that challenges the more conservative approach of the panel’s chairman. Texas Republican Jeb Hensarling’s proposal would sharply reduce the government’s role in housing finance.

The counterproposal is unlikely to gain broad support in the Republican-led House.

“Fannie Mae and Freddie Mac’s return to profitability and repayment of taxpayer dollars has led some to rightly speculate whether (they) need any reform at all,” Waters said in a statement. “I am hopeful that this legislation will continue to move the conversation on housing finance reform forward.”

The House bill maintains a clear government role is needed to sustain the popular 30-year, fixed-rate mortgage. The framework takes a similar approach to bipartisan measures already introduced in the Senate.

The most significant piece of housing finance legislation was introduced earlier this month by the Democratic chairman of the Senate Banking Committee, Tim Johnson, and the panel’s top Republican, Mike Crapo.

Fannie Mae and Freddie Mac, the two leading sources of U.S. mortgage funds, were seized by the government during the financial crisis in 2008 and propped up with $187.5 billion in taxpayer funds to keep them solvent.

By the end of March the companies will have sent the Treasury $202.9 billion in dividends.

Fannie and Freddie ensure the mortgage market stays liquid by buying loans from lenders and repackaging them as securities that they sell to investors with a guarantee.

The House plan written by Waters includes a government guarantee for home loans and creates a lender-owned cooperative that will issue mortgage-backed securities eligible to receive federal insurance. This structure would replace Fannie and Freddie, which would be liquidated over a five-year period.

It creates an explicit government guarantee, paid for by the industry and used to capitalize an insurance fund that is tapped in times of financial crisis.

The plan also would give small banks direct access to the financing for their home loans and ensure they are not shut out by larger competitors. It provides sources of funding for affordable housing.

With midterm elections approaching in November, House and Senate lawmakers are expected to turn to the campaign trail within a few months, leaving little time to deal with the complex issue of revamping the U.S. housing finance system.

Steve Sanghi - Microchip Technology

Microchip Introduces Low-Power Controllers

Microchip Technology Inc. (NASDAQ: MCHP), a leading provider of microcontroller, mixed-signal, analog and Flash-IP solutions, today announced a new family of projected-capacitive touch controllers—the MTCH6102 with industry-leading low-power performance. These turnkey projected-capacitive controllers make it easy for designers to add contemporary touch and gesture interface designs to cost-sensitive applications.

This MTCH6102 facilitates design integration of capacitive scanning for touchscreens and touchpads including 11 single-finger gestures to swipe, scroll or double tap. The MTCH6102 enables flexible, scalable solutions to support PCB, ITO or FPC sensors up to 15 channels. It supports cover lenses up to 3 mm plastic and 5 mm glass and configurable sleep/idle frame rates to optimize for most power budgets with active mode as low as 12 µA. Microchip offers its free Configuration Utility to allow designers to make fast customizations. Microchip also provides designers with the firmware library for further optimization and control if needed.

The MTCH6102 family serves a wide range of applications in the consumer-electronic (e.g., remote controls, gaming devices, wearable devices such as headphones, watches, fitness wristbands, and track pads), and automotive markets (e.g., automotive interior controls and control panels), among others.

“Microchip’s turnkey, low-cost controller offers the lowest power projected-capacitive touch solution in the industry to maximize battery life in cost-sensitive applications,” said Fanie Duvenhage, director of Microchip’s Human-Machine Interface Division. “The MTCH6102 provides developers with a flexible touch-sensing solution for smaller touch areas to optimize common constraints of size, power and cost that are critical to applications such as wearable devices, remote controls, gaming devices and track pads.”

Power Outage Map

UNS Shareholders Approve Acquisition by Fortis

Shareholders of UNS Energy Corporation voted overwhelmingly today to approve the proposed acquisition of the company by a subsidiary of Fortis Inc.

The votes were tabulated at today’s special meeting for shareholders at UNS Energy’s Corporate Headquarters in Tucson. Approximately 97 percent of the ballots cast supported the company’s acquisition by Fortis, the largest investor-owned gas and electric distribution utility company in Canada.

“Today’s vote is a positive step toward a new partnership that will provide benefits for shareholders, customers, employees and the communities we serve. Joining Fortis will provide additional financial strength to help us maintain safe, reliable service throughout Arizona,” said Board Chair and CEO Paul J. Bonavia.

The merger agreement provides that Fortis will acquire all of the outstanding common stock of UNS Energy for $60.25 per share in cash. The $4.3 billion transaction, which includes the assumption of approximately $1.8 billion in debt, would provide additional capital and new resources for UNS Energy’s subsidiaries, including Tucson Electric Power (TEP) and UniSource Energy Services (UES). Both companies will remain headquartered in Tucson under local control with current management and staffing levels and no planned changes to existing operations or rates.

Joining the Fortis family of companies would improve UNS Energy’s access to capital to fund the ongoing diversification of its generating fleet as well as investment in other infrastructure improvements. Upon closing, Fortis will inject $200 million of equity into UNS Energy.

The merger is subject to the approval of regulators, including the Arizona Corporation Commission and the Federal Energy Regulatory Commission; the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; and the satisfaction of customary closing conditions. UNS Energy anticipates the transaction will be finalized by the end of 2014.

college graduates

6 Tips for Managing Student Loans, College Expenses

It’s the time of year when high school seniors are finalizing plans for college. In addition to choosing a major and deciding where to live, it’s important for parents and students to discuss how to manage college expenses, especially since the Chronicle of Higher Education reports 60 percent of students borrow money to pay for school.

“For many students, college marks the beginning of financial independence, but this presents a real problem when it comes to student loans,” said Mike Sullivan, chief education officer for Take Charge America, a national non-profit agency offering student loan counseling. “It’s critical to teach students how to stretch their loan dollars and avoid money mistakes that can have painful consequences for years or even decades to come.”

Sullivan offers six tips for managing student loans and college expenses:

1. Create a Budget: It’s the broken record of financial tips, but that’s because it works. Students and their parents should make a budget accounting for all incoming funds and outgoing expenses to determine how much money they need to borrow. It’s also important for students to revisit the budget regularly and modify as needed.

2. Spend Your Money Wisely: Many students use student loans for living expenses, but the money is best used to cover tuition, books and other necessities. Students who save up for college or seek employment to cover day-to-day expenses will amass significantly lower debt.

3. Understand Your Repayment: Students are more likely to stick to a budget when they understand what it will take to repay their loans. Direct students to online loan calculators that estimate monthly loan payments based on future salaries.

4. Use Government Loans: Students who must borrow money for college should use Federal Stafford loans, currently available at 3.86 percent interest for undergraduates, rather than pricier private loans.

5. Set a Debt Maximum: Students are advised never to borrow more than $8,000 for an associate’s degree or $20,000 for an undergraduate degree. With this debt ceiling in mind, students may want to consider state universities and community colleges rather than higher-priced private schools.

6. Don’t Rush into Debt Consolidation: While debt consolidation may seem like an attractive solution for repaying debt, seek out professional advice on whether this option is right for you. Another alternative may be better for your unique situation.

For more student loan tips, visit Take Charge America or StudentLoanCoach.org.

brain

Abrazo Announces Cutting-Edge Neuroscience Center

Abrazo Health announced that Phoenix Baptist Hospital is now home to a new state-of-the-art Neuroscience expansion. The new suite will include all the latest equipment, including a Biplane Neuroangiography System. The Biplane Neuroangiography technology will allow surgeons to deliver potentially life – saving care to patients with speed and accuracy by providing enhanced visualizations of the brain and spine, treatment that reduces the risk of additional problems and will also expedite recovery.

This latest move by Phoenix Baptist Hospital adds to an already banner year, further advancing the care patients in need of neurological care. Earlier this year, the hospital was once again honored with the American Heart Association/American Stroke Association’s Get With The Guidelines® – Stroke Gold Plus Quality Achievement Award. The hospital has also earned honors of being placed on the Target Stroke: Honor Roll for a second year in recognition for their commitment to turning patient guidelines into lifelines.

Right now in the U.S., stroke is the fourth leading cause o f death among adults, and someone suffers from a stroke in this country every forty seconds, making need for such a technologically advanced center even greater. Dan Jones, CEO of Phoenix Baptist Hospital says, “This new neurosciences care suite is just further proof of our commitment to the best in quality care for the patients here in the valley and across the southwest. Stroke patients, head injury patients and spine injury patients will have access to the latest in technology and trained physicians here at Phoenix Baptist and our entire staff couldn’t be more excited to be bringing this all to the community.”

Entrepreneurs

$100K Micro-lending Fund Supports Entrepreneurs

CPLC Préstamos CDFI, LLC (a Chicanos Por La Causa, Inc. subsidiary), committed to building stronger communities by providing small business access to capital, in partnership with local valley leaders, have created the Community Investment Fund – a group project of Valley Leadership’s Class 35, to support entrepreneurs looking to start-up or expand their business in the Phoenix metropolitan area.

“We are very excited to give local entrepreneurs, who do not qualify for traditional financing, an opportunity to improve the health of our community and contribute to Arizona’s economy,” said Brigitte Dayton, Member of VL 35. “Our Valley Leadership, Class 35 group is proud to partner with a long-standing community organization such as Chicanos Por La Causa on this project. We all feel the emphasis on targeting organizations or individuals who demonstrate a focus on improving the health of our community and/or contributing to the growth of the economy, through the potential for job creation, fills a unique role in local micro-lending.”

“Any current or aspiring entrepreneur who wishes to establish or grow a business, but who due to size, assets, and stage of development cannot seek capital from more traditional sources, is encouraged to apply for a loan today,” said Jose Martinez, President of CPLC Préstamos. “These loans range from $20,000 to $25,000 depending on the applicant, business plan and distinctiveness of the entrepreneurial idea.”

Top qualified applicants will compete in a business “Pitch Day” event where they will have the opportunity to pitch their business concept and funding needs to a panel on May 23, 2014. The panel will select 3-5 businesses for loan approval. Additionally, the business with the best presentation will win a $2,500 cash prize.

Interested candidates can apply at www.prestamosloans.org up until Friday, April 25, 2014. Applicants will be notified of loan approval the same day of their presentation, May 23, 2014.

Polsinelli Named Children’s Law Center Firm of the Year

The Children’s Law Center has named Polsinelli as its 2013 Law Firm of the Year in recognition of the exceptional pro bono service undertaken by Polsinelli attorneys over the past year. The firm was selected for its volunteer efforts in connection with the Minor Guardianship Program that assists vulnerable children whose parents are not able or willing to care for them.

“We are honored that the Children’s Law Center has selected Polsinelli as its Law Firm of the Year,” said Troy Froderman, chair of the firm’s Pro Bono Committee. “Our firm is deeply committed to providing legal support to those who would otherwise not be able to access it. As attorneys we have an obligation to give back to our communities in ways that ensure that all people are able to secure and preserve their rights under the law.”

The Children’s Law Center was established in 1998 by the Volunteer Lawyers Program (VLP) and co-sponsored by the Maricopa County Bar Association and Community Legal Services. Its goal is to address the unmet legal needs of children. Over 120 attorneys from firms throughout the Valley volunteer each year to fill gaps in legal assistance for children of diverse ethnic, racial and economic backgrounds. Current programs include Free Advice Clinics for Teens, the Court Advisor Project, the Minor Guardianship Project, the Guardianship Clinic, Teens at Work, the Adoption Project and Medical Legal Partnership.

“We are so grateful for the time and legal talent that Polsinelli’s attorneys have given so freely to the public through the Guardianship Program” said Roni Tropper, Esq., Children’s Law Center Program Coordinator. “They saw the tremendous need and offered to step in and take responsibility for all of the cases at one of our two guardianship clinic locations held monthly in English and quarterly in Spanish. They have been doing that now for three years.”

Tony Merrill, a shareholder at Polsinelli, spearheads the firm’s involvement in the Guardianship Program. “Volunteering to assist family members so that they can become legal guardians and thereby access health care for the children, enroll them in school or obtain other much needed services is very rewarding.” said Merrill.

bacon

Local salt company launches new bacon products

Local salt purveyors Aaron and Liz Eckburg have been busy. These two serial entrepreneurs have parlayed their love of pork products and salt and have launched a new line of bacon aptly named, “Bring Home the Bacon” this month at the Gilbert and Fountain Hills Farmers’ Markets, and are working to bring it to local grocery store shelves in the very near future.

“There’s a hole in the market for locally made, artisan bacon and we are filling it,” said Co-Owner of go lb. salt, Aaron Eckburg. “This is heritage bred pork with no hormones or antibiotics. It’s one of the highest quality bacons that will be on the market in the United States today.”

The bacon will launch in four initial flavors offered in thick-cut, convenient, half-pound packages. These bacons for every occasion are: Applewood Maple, Savory Herb, Chocolate and Black Truffle. Applewood Maple, Savory Herb and Chocolate are $11 and Black Truffle is priced at $17.

“As far as we can tell, we have created the world’s only black truffle bacon and we’re excited to share our premium proteins with bacon lovers everywhere,” said Aaron Eckburg.

Bring Home The Bacon is premium, dry cured bacon and it boasts 35-50% less sodium than most brands.

“We’ll soon offer the bacon for sale on our website with earth-friendly, insulated packaging that is entirely biodegradable,” added Eckburg.

Bring Home the Bacon’s whimsical packaging showcases their newly appointed mascot “Pigsley” a friendly cartoon piglet who debunks bacon myths and touts the product as the “best bacon you’ll ever eat.”

Go lb. salt has offered various home curing kits on their website that teaches home cooks how to dry age beef, make their own bacon or corned beef.

“It was a natural progression from our kits to making actual bacon to sell around the state and nation. We’re passionate about pork,” said Eckburg.

energy supply - AZ Business Magazine May/June 2012

First Solar Outlines 2014 Financial Goals

First Solar, Inc. announced full-year 2014 guidance as well as summary financial targets through 2016.

For 2014, First Solar expects net sales of $3.7 to $4.0 billion. Consolidated gross margin is expected to be between 16 and 18 percent. Diluted earnings per share is expected to be between $2.20 and $2.60, and consolidated operating income is expected to be between $270 and $320 million. The Company expects to generate between $250 to $450 million of operating cash flow and plans for approximately $300 to $350 million in capital expenditures in 2014.

First Solar’s Chief Financial Officer, Mark Widmar provided the guidance and outlook during the company’s 2014 Analyst Day event held today in New York. Additionally, company executives discussed First Solar’s strategic goals and technology advances. A replay of the webcast and presentation materials can be accessed by visiting http://investor.firstsolar.com/events.cfm.

health,informatics

Stat Doctors gets $3.5M investment

QuadMed, a nationally recognized provider of onsite, near site and shared site employer-sponsored health and wellness solutions, has entered into a strategic partnership with Stat Health Services, provider of Scottsdale-based Stat Doctors™ eHealth solution, to provide 24/7 telemedicine access for patients with minor acute healthcare needs. Under the agreement, QuadMed purchased a minority ownership interest in the company.

QuadMed’s partnership with Stat Health Services, a pioneer in virtual house call services, provides employers with an additional healthcare solution proven to dramatically reduce the cost of claims and create positive health outcomes. Through Stat Doctors, minor acute care needs are handled online by on-call emergency medicine providers. Patients receive personal treatment from the convenience of their computer or mobile device without needing to travel to a hospital emergency room or an urgent care center, avoiding waiting times and substantial expenses.

“QuadMed continues to lead the evolution of healthcare at this transformative time in the healthcare industry,” said Joel Quadracci, Chairman, President & CEO of Quad/Graphics, QuadMed’s parent company. “Stat Doctors is an innovative approach to acute healthcare delivery that complements QuadMed’s continuum of healthcare solutions focused on improving the quality of patient care and outcomes while reducing overall costs. This investment expands healthcare management solutions for employers who, like us, want to keep employees and their dependents healthy and productive.”

The QuadMed/Stat Health Services partnership signifies a pivotal shift in healthcare delivery, according to Dr. Alan Roga, M.D., Founder and Chief Executive Officer of Stat Health Services. “Stat Doctors is helping QuadMed replicate the traditional doctor-patient experience anytime, anywhere,” he said. “We are very excited to collaborate with QuadMed, which shares our vision for improving access to quality care in a convenient and cost-effective manner.”

Stat Doctors offers patients a network of the nation’s top emergency medicine specialists through its partnership with Emergency Medicine Physicians (EMP), a network of highly qualified emergency medical providers dedicated to delivering exceptional care. “We are excited to partner with QuadMed through Stat Doctors in the transformation of healthcare by providing highest quality care in a convenient, low-cost alternative to the current options,” said Dominic Bagnoli, M.D., Chief Executive Officer of EMP.

“As a pioneer in the use of telemedicine through our Corporate Health Suites solution, we have discovered that it’s not just the technology that’s important, but also the physician network,” said Tim Dickman, President of QuadMed. “The doctor-patient relationship is key to providing effective care and positive outcomes. Stat Doctors facilitates this important relationship using state-of-the-art telemedicine.”

For more information about how QuadMed and Stat Doctors are innovating healthcare delivery, visit www.quadmedical.com and www.statdoctors.com.

ethics

Avnet Named World’s Most Ethical Company

Avnet, Inc., a leading global technology distributor, announced today that it 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 Avnet’s first year being 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 employees as it does to them. Avnet is one of only five companies in the electronics industry honored this year.

“As a global organization entrusted by the world’s leading technology companies to service a broad base of customers around the world, ethics and integrity are core to Avnet’s success,” said Rick Hamada, chief executive officer of Avnet, Inc. “Integrity is not just included in Avnet’s core values, it is our number one core value. This recognition from the Ethisphere Institute validates what our employees around the world demonstrate every day—that integrity matters and is a critical part of what makes Avnet a truly premier global business partner, employer and industry leader.”

Avnet continues to invest in many initiatives to enhance and expand its compliance, ethics, governance, sustainability, and community outreach programs. The company was recognized in part due to the effectiveness and influence of its compliance and ethics functions throughout the organization.

“We have one compliance standard for the company—full legal compliance and uncompromised business ethics,” said Harvey Woodford, chief ethics and compliance officer, Avnet, Inc. “Avnet’s inclusion on the list of the World’s Most Ethical Companies reflects our global team’s commitment to ethical business practices around the world.”

“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. “Avnet joins an exclusive community committed to driving performance through leading business practices. We congratulate everyone at Avnet 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%).

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