Norwalk-based TransEngen Inc. raised $2.5 million in venture capital, as it develops software to process financial transactions in health care.
Previously known as TriHealix, TransEngen was founded by Gregory Morris who previously was a senior executive in Chicago-based Aon Corp.”™s national health care practice.
The company”™s software helps health-care providers determine if patients have insurance or otherwise the means to pay, and if not connecting them to programs that can help them pay the bills.
TransEngen backers include Excelsior, Minn.-based Lemhi Ventures Inc.
Terex takes on two Chinese opportunities
Terex Corp. acquired a 65 percent stake in Shandong Topower Heavy Machinery Co., a Jinan, China-based maker of boom crawler cranes.
Separately, Terex is establishing a joint venture with Fujian South Highway Machinery Co. to manufacture mobile rock crushers and screens in Quanzhou, China.
Westport-based Terex makes a range of heavy equipment for construction, mining, ports and other applications.
“These actions further escalate the growth opportunity for Terex in China, which has been steadily expanding with the addition of our Terex port equipment facility in Xiamen, and our new aerial work platforms factory nearing completion in Changzhou,” said Ron DeFeo, CEO of Terex, in a prepared statement.
TOPEX sells skin cancer operations
Danbury-based TOPEX Inc. sold its skin cancer business operations to Sensus Healthcare L.L.C. of Boca Raton, Fla., for an undisclosed amount.
The company”™s SRT 100 is designed to treat skin cancer using “superficial” radiation therapy. The U.S. Food and Drug Administration cleared TOPEX to market the product for cancer therapy in January 2007.
TOPEX founder and CEO Anthony Pellegrino is the founder of LORAD Corp., a maker of breast imaging and biopsy systems that is now a subsidiary of Bedford, Mass.-based Hologic Inc.
Hanover sells 4 California buildings
Hanover Real Estate Partners sold a 200,000-square-foot office building in National City, Calif., along with three other California buildings totaling another 100,000 square feet of space.
The Greenwich-based real estate investment company has some 2.7 million square feet of commercial real estate nationally, including a Hampton Inn & Suites hotel in Mystic.
Financial terms were not disclosed. The deal included two small properties in the San Diego area, and an 89,000-square-foot office building in Stockton, Calif. All four buildings were vacant in October 2008 when the company acquired them, and Hanover successfully found tenants during the recession.
