UPDATE: Brightpoint’s planned sale spawns uncertainty
The $840M deal, which would eliminate one of Indiana’s six Fortune 500 companies, is casting uncertainty over Hendricks County, where the company is one of the largest employers.
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The $840M deal, which would eliminate one of Indiana’s six Fortune 500 companies, is casting uncertainty over Hendricks County, where the company is one of the largest employers.
A recent Indiana Court of Appeals opinion could affect how the state Department of Child Services obtains treatment for some children with mental illnesses or developmental disabilities.
Indianapolis-based BrightPoint Inc. has agreed to be acquired by California-based Ingram Micro Inc. for about $840 million, the two companies said early Monday morning.
One of the biggest surprises of the announcement that Gov. Mitch Daniels would take over as Purdue University president in January was his pledge to stop campaigning and commenting on politics until then.
Bristol-Myers Squibb Co. has agreed to pay $5.3 billion to acquire former Eli Lilly and Co. partner Amylin Pharmaceuticals Inc., a maker of diabetes therapies. The deal is valued at about $7 billion, which includes Amylin’s debt and a payment to Eli Lilly and Co. of about $1.7 billion.
An Indianapolis school district said Friday it suspended five teachers and another resigned amid an investigation into cheating on a state standardized biology exam at one of Indiana's largest high schools.
Indiana's budget director calculates illegal immigrants have cost Indiana $130.9 million.
Covance Inc. is seeking state and local tax incentives as part of a $150 million expansion that would create 465 jobs at its Greenfield operations, nearly doubling the number of employees there. The proposed expansion would occur over the next four years and include the construction of a new laboratory, the renovation of existing buildings, and the hiring of administrative and laboratory personnel, according to the Daily Reporter in Greenfield. Princeton, N.J.-based Covance, a pharmaceutical research company, acquired Greenfield Labs from Eli Lilly and Co. in October 2008 for $50 million and a 10-year agreement from Lilly to use Covance’s services. At that time, 264 Lilly employees shifted to Covance. The company now employs 565 workers at the site, according to the newspaper. The Hancock County Council is set to hear Covance’s request for incentives July 11. Documents filed with the county show the 465 jobs would add $29 million in salaries with annual pay averaging more than $62,000 per employee, the Daily Reporter said. The company uses the Greenfield Laboratories to conduct early-stage tests of experimental drug molecules, readying them for tests in humans.
Officials from Indiana University Health Arnett broke ground on a facility in West Lafayette last week, according to the Journal and Courier of Lafayette. The new location, housed in a former Kmart store, will add outpatient imaging and expanded laboratory services to IU Health’s existing services in West Lafayette. The $8 million facility also will include an urgent care center with extended hours of operation. Indianapolis-based IU Health operates a full-scale hospital in Lafayette.
Dr. Yang Sun, an assistant professor of ophthalmology at the Glick Eye Institute, received a five-year, $1 million grant from the National Eye Institute to study congenital glaucoma with the hope of discovering new treatments for common forms of glaucoma. “Glaucoma is a leading cause of irreversible blindness in the world, yet the mechanisms of glaucoma development remain poorly understood, and treatments are limited,” Sun said. “I’m hoping to understand the mechanism of inherited congenital glaucoma, in the hopes that this will provide insight and potentially lead to novel treatments for commonly seen forms of glaucoma.”
Michael Ryan was named vice president of sales at TriMedx, an Indianapolis-based health care technology management firm. Ryan previously worked for McKesson Medical-Surgical, VWR International and General Electric Corp.’s Healthcare IT division. He is a graduate of the U.S. Military Academy at West Point and also earned master's degrees in business administration and engineering management from Saint Martin’s College in Washington.
Jane Keller was named interim CEO of OrthoIndy after previous CEO John Martin decided to step down from that position to puruse other opportunities. Keller is CEO of the Indiana Orthopaedic Hospital, in which most OrthoIndy physicians have an ownership stake. Keller earned a degree in nursing from Ball State University and an MBA from Butler University.
The U.S. Supreme Court’s ruling to uphold the Patient Protection & Affordable Care Act cleared a big cloud of uncertainty for employers, but with just 18 months before the most significant provisions of the law kick in, many questions remain. Three benefits consultants from Indianapolis-based Gregory & Appel Insurance—Bob Miller, Mike Miles and Karl Ahlrichs—sat down to discuss what the future looks like for employer health benefits.
North Carolina utility regulators have approved the merger of Duke Energy and Progress Energy, the last major hurdle to creating the largest American electric company.
The water company for Indianapolis and some of its suburbs is asking customers to cut back on lawn watering after setting records this week for one-day use.
Less than five minutes into his new job as Pacers basketball operations boss, Donnie Walsh was already trying to sell fans on paying to see five guys play as one. Next season we'll see if that sales pitch works in the star-driven NBA.
Emergency crews blocked a portion of Interstate 70 in Hendricks County just after 1 a.m. Friday after a fatal accident involving a semi and a passenger car. The accident happened on I-70 about a half-mile east of State Road 267. Eastbound I-70 was completely or partially blocked for about three hours.
A longtime public works employee in the Hendricks County town of Danville is in stable condition after authorities said he shot himself in the chest early Friday morning. Danville police responded to a home in the 200 block of North Washington Street at about 3:30 a.m. after receiving a domestic disturbance call. They found the man in an agitated condition and were unable to calm him down. The man, who was not identified, ran to his truck, got a gun and began to wave it in the air, police said. Officers unsuccessfully deployed a Taser before the man shot himself. He is listed in stable condition after surgery and is expected to recover.
Two teenagers were arrested Wednesday in Anderson after police said they severely beat a 15-year-old with an aluminum baseball bat. Donavan Ball, an 18-year-old from Anderson, and David Rivera, a 17-year-old from Chicago, were charged with attempted murder. The incident took place at about 4:45 p.m. in the 600 block of East 27th Street. The victim sustained multiple skull fractures and brain trauma, but was able to talk to police. Ball and Rivera were taken into custody last night after resisting arrest.
Community leaders can fundamentally shape institutions that have the potential to change kids’ lives.
Students who might have attendance problems tell stories about how they never missed school on tutoring day.
Here in Indiana, the Wisconsin win will energize those who struggle for freedom.