New Kaleida CEO takes on $60M midyear deficit

Facing a mid-year deficit topping $60 million, Kaleida Health’s new CEO said he’s busy working on ways to generate revenue and minimize losses at the region’s largest health system.

Don Boyd took on the post in mid-July, shifting from president and COO to president/CEO, in the midst of some of the $2 billion health system’s greatest challenges. He said Kaleida Health faces the same challenges as every hospital and health system in the country, working to undo the impact of Covid-19.

“We talk about post-pandemic recovery, but we’re also simultaneously planning for the potential for another increase in cases as the calendar turns,” he said.

Boyd has also wasted no time filling out his leadership team.

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Real estate deals of the week

• Bills' Von Miller pays $1.15 million for Orchard Park home
• First-time investment team tackles $2.9 million tiny home project in Ellicottville
• Aurora Equity sells one Orchard Park house for $2M, buys another for $1.2M
• Buddy's Second Chance dog rescue moving HQ from Black Rock to Amherst
• VisoneCo. plans $5 million mixed-use project on Main Street in Clarence

See more of Business First's comprehensive real estate coverage in?Crane Watch

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Brick by Brick Awards

It was an impressively crowded field, but our judges did the tough work and picked the best of the best in Western New York's real estate, construction and development projects. This year the Golden Brick, the top prize, was presented to two projects. | Read more

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Merger creates one of WNY's largest financial/insurance firms

Two MassMutual firms in Western New York have joined forces to become one of the largest financial and insurance firms in the region. | Read more

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Restaurants

1. Changes could be coming for Allentown Hardware – or maybe not
2. Macy's Place Pizzeria to bring its off-the-wall pizza to Kenmore
3. Parivaar to bring Indian fusion to Elmwood Village

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Buffalo Film Works scores $750K cash injection

Buffalo Film Works partners believe that finalizing construction on its fourth soundstage – a massive facility that will be able to house major cinematic set pieces – will be a transitional moment for their company. A local investment firm is helping to make that happen. | Read more

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This Weekly Edition was compiled by Sara Paulson Meehan. Questions? Comments? Concerns??Email [email protected].