Company news

November 18, 2013
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Zionsville-based hc1.com Inc. announced an expansion plan Friday that it says will add 62 local jobs by 2017. Hc1.com will spend $1.4 million to lease and equip a 16,626-square-foot headquarters at Northwest Technology Park. Founded in 2001 as Bostech Corp., hc1.com sells health care relationship-management software to medical labs and radiology practices. The firm already has 80 employees, including 70 in Indiana.  Brad Bostic, who co-founded ChaCha Search Inc., is the CEO. The Indiana Economic Development Corp. offered hc1.com up to $1 million in conditional tax credits and up to $100,000 in training grants based on the company's job-creation plans. Boone County approved additional incentives.

Eli Lilly and Co. will invest another $700 million in its diabetes manufacturing capacity, the Indianapolis-based drugmaker announced last week. The move includes a $45 million investment for Lilly's operations in Indianapolis on top of a $400 million investment the company announced over the past year. Lilly is expanding plants in Puerto Rico, China, France and at its headquarters in Indianapolis. According to Bloomberg News, China alone will see a $350 million buildup that will enable Lilly to produce more insulin cartridges for reusable devices. Lilly announced a year ago that it would build a $140 million insulin-cartridge plant in Indianapolis, then decided in April to spend another $180 million to more than double the size of the facility. In addition, Lilly is planning several other projects for its local operations totaling $80 million, including a $40 million product-inspection center. The number of diabetics worldwide is projected to grow to 592 million in 2035 from 382 million this year, according to a report released Thursday by the International Diabetes Federation. The report found that 80 percent of diabetics live in low- or middle-income countries.

Arcadia Developmental Center in Hamilton County has been closed by state authorities, resulting in the end of employment for 100 workers. New Age Healthcare LLC, which oversees the center, notified the Indiana Department of Workforce Development of the closure Nov. 11, according to a letter posted online Friday by the IDWD. Arcadia said the Division of Disability and Rehabilitative Services had ordered an immediate transfer of its residents to other service providers on Nov. 11. The state recently cited the facility for violations regarding infection control and other problems. The center, which was founded in 1998, began laying off employees Nov. 12 and expects to be finished by Dec. 31.


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