Funding Closes For VOX Telehealth
VOX Telehealth, a health software company based in the Straube Center, has closed a $1.1 million round of funding from angel investors.
The company said in a press release that the funding represented its second and final round of investment. VOX Telehealth provides an app called OrthoCare which connects surgical patients with doctors to provide customized messages about steps they should take after orthopedic surgery, such as getting rugs removed, getting a walker, installing guardrails, and other such precautions. (See U.S. 1, June 25, 2014.)
According to the press release, enrollment in the OrthoCare program begins this fall for patients undergoing major joint replacement at St. Mary’s Hospital in Richmond, Virginia.
“With every surgical procedure there is a risk for complications after discharge, which can drive hospital readmissions. But that risk can be reduced or even eliminated if the patient knows what to expect and how to follow their care plan,” said John Turner, vice president of the Bon Secours Orthopaedic Institute. “In today’s hospital environment, everyone, including doctors, patients and nursing staff, can benefit from technology that gives them easy, immediate access to tools and information to support their recovery and keep them out of the hospital.”
“We have sought to be very intentional at every step; from the development of our care model to the structure and growth of our organization,” said VOX founder and CEO David Brown. “The success of this investment round and excitement around our 2015 institutional funding strategy highlight not only the growing momentum of this burgeoning industry, but also the careful and productive navigation of our company in this quickly evolving landscape.”
VOX Telehealth, 100 Straube Center Boulevard, Suite 205, Pennington 08534; 888-360-4869; fax, David Brown, founder and CEO. www.voxtelehealth.com.
SpaceX Site Acquired
By Princeton Firm
Chambers Street Properties (CSG), 47 Hulfish Street, Suite 210, Princeton 08542; 609-683-4900; fax, Jack Cuneo, CEO. www.cbreinvestors.com.
Chambers Street Properties has purchased the headquarters of Space Exploration Technologies Corp., or SpaceX, a 510,000 square-foot facility in Hawthorne, California.
Rocket factories, test facilities, a mission control center, and corporate offices of the private spacecraft manufacturing firm are all located on the site. The company was founded in 2002 by Elon Musk, who is also CEO of the electric car company Tesla Motors.
Chambers Street Properties, paid $46.7 million for the site. SpaceX has leased it through 2023. Jack A. Cuneo, the company’s CEO, is the former CEO of Merrill Lynch Hubbard, a subsidiary of the Wall Street firm.
“This property is a great addition to our portfolio and increases our global industrial holdings to over 27 million square feet,” Cuneo said in a press release. “The private commercial launch business is extremely active and growing rapidly, as private sector companies like SpaceX demonstrate creative, efficient and innovative systems to deliver payloads for space station resupply and commercial satellite launch missions, and U.S. government science and national security missions. We look forward to working with our new tenant in this exciting industry.”
SpaceX tests, designs, and fabricates its rocket engines in-house, and also launches its Falcon rockets from Cape Canaveral and Vanderberg Air Force Base. It is planning a manned launch of a Falcon rocket, along with its Dragon crew capsule, to the International Space Station next year.
Atyeti, 125 Village Boulevard, Suite 290, Princeton 08540; 732-850-6968; fax, Shashi Ramesh.
Atyeti, a computer consulting company, has moved from 247 Nassau Street to a new office at 125 Village Boulevard. Company owner Shashi Ramesh says Atyeti, which was founded in 2008, has grown rapidly and needed a bigger office space.
Berkel Training Institute, 530 Lawrence Square Boulevard South, Lawrenceville 08648; 609-392-1855; fax, 609-392-1126. Irving Berkel, owner. www.berkeltraininginstitute.com.
Berkel Training Institute, a private vocational school headquartered on State Street in Trenton, has opened a location just off Quakerbridge Road in Lawrence. The school offers training in Allied Health programs, including certified nursing assistant, CPR, and other medical jobs.
“We are known as longest running CNA program in country” said owner Irving Berkel. The school was established in 1999, and the new office was opened in September in response to growing demand for classes.
Mercer Airport News
Frontier Airlines is adding Palm Beach International Airport in West Palm Beach, Florida, to the list of destinations travelers can fly to nonstop from Trenton-Mercer Airport, bringing the total to 18.
The company announced it will begin service from the airport, located just off I-95, Friday, November 21.
“The addition of Palm Beach International Airport brings the number of Florida destinations up to six, and we know that Florida continues to be one of the most popular destinations for the leisure travel market from Mercer County and the surrounding region,” said County Executive Brian Hughes. The county owns and operates the airport.
In fall 2013, Mercer County’s Trenton-Mercer Airport underwent a multi-million-dollar overhaul, the bulk of it paid for through federal grant dollars, and the airport continues to use federal grant dollars for improvements to its runways and taxiways. The overhaul included a parking lot expansion and renovation of the terminal.
Frontier is the only airline providing scheduled service out of Trenton-Mercer Airport. In addition to West Palm Beach, Frontier offers non-stop service from Trenton-Mercer Airport to Atlanta, Charlotte, Chicago-Midway, Cincinnati, Cleveland, Detroit, Fort Lauderdale, Fort Myers, Indianapolis, Milwaukee and Minneapolis, Nashville, Orlando, Raleigh-Durham, St. Augustine, St. Louis and Tampa.
Frontier Airlines, 1100 Terminal Circle Drive, Trenton-Mercer Airport, West Trenton 08628; 800-432-1359; fax, www.flyfrontier.com.
The parent company of Ronson Aviation, a private aviation company based at Trenton-Mercer Airport, has been sold to Texas-based Landmark Aviation. The companies did not disclose terms of the sale, which was announced in April.
Ronson has operated at the airport since 1961, and is known as a fixed-based operator. It provides aviation services like fueling, hangaring, maintenance, and training. The company serves business fliers, charter planes, and private individuals. It also fuels and de-ices Frontier Airlines commercial jets that fly out of the airport.
Ronson was known as Trenton Helicopter when it first opened, and later shared a name with its parent company, Somerset-based cigarette lighter maker Ronson. In 2010, Ronson sold the aviation division to Ross Aviation. Ross, which owns more than a dozen other FBOs, was bought up by Landmark in a deal that recently closed.
Landmark now has 60 locations in the country. The facility has stayed in business, rebranded as a “Landmark” location with new signs. Amanda Hoffman, director of marketing for Landmark, says the company has made no major changes in operations there, and has kept the old general manager.
Landmark Aviation (formerly Ronson), Scotch Road, Trenton-Mercer Airport, West Trenton 08628; 609-771-9500; fax, 609-771-9512. www.landmarkaviation.com.
New in Town
NITC Inc., 33 Witherspoon Street, Suite 214, Princeton 08542; 609-683-5800; fax, Tareq Mansour, owner.
Nerds may not seem like the most flattering word to use in the name of a company, but when the business is built on solving computer problems the connotation is a good one. Nerds in the City, which began in New York City is now betting that the name will work in the suburbs, as well.
The firm, founded in 2004, has moved to Witherspoon Street from New York. The headquarters, with a staff of five, manages field technicians all over the state. The company also provides disaster recovery planning and offsite hosting services. Owner Tareq Mansour says he moved the company in April after he moved to Princeton to send his children to the schools here.
Re/Max Advantage One, 23 Route 31 North, Suite A-30, Pennington 08831; 609-559-5135; fax, 609-559-5139. Mary Brandt, broker manager. www.marybrandt.com.
Residential estate agent Mary Brandt has opened a Re/Max Advantage One office on Pennington Road in Pennington. Brandt, who previously worked in Yardley, has been a realtor for 10 years.
WorldOne, 5 Vaughn Drive, Princeton. www.worldone.com.
WorldOne, a medical research network based in New York, has closed its Vaughn Drive office.
Pellettieri, Rabstein & Altman, 100 Nassau Park Boulevard, Suite 111, CN 5301, Princeton 08543-5301; 609-520-0900; fax, 609-452-8796, www.pralaw.com.
The law firm of Pellettieri Rabstein & Altman, located on Nassau Park Boulevard, and Victor J. Medina, located on Main Street in Pennington, have launched a joint venture to offer elder law planning services.
“As our clients age and begin to face the high costs of assisted living and nursing homes, we came to believe it was important to offer planning services that can help them navigate these often times complex issues,” said John A. Hartmann III, a managing partner of Pellettieri Rabstein & Altman. “Victor has a unique skills set and extensive experience in this specialized area.” Medina has focused his practice exclusively in the area of estate planning and elder law for the last seven years, helping seniors and their family members protect money in long-term care situations such as with Alzheimer’s- related dementia.
“I know the excellent reputation that Pellettieri Rabstein & Altman has enjoyed for the last 85 years in the community for client service and competent representation,” said Medina. “I’m looking forward to being able to help more people because of this relationship.”
Medina is the immediate past-president of the American Association of Trusts, Estates, and Elder Law Attorneys, and a member of the National Academy of Elder Law Attorneys.