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Cigna Corp. has bought Sagamore Health Network Inc, the CEO of the Philadelphia managed-care giant said this morning during a conference call with analysts. Carmel-based Sagamore is the second-largest managed care organization in the state, with 725,000 members enrolled as of January 2006, according to IBJ‘s Book of Lists. It was mostly owned by affiliates […]
City officials are seeking bids to redevelop 7.5 acres northeast of downtown in the Martindale neighborhood. The property is the old Ertel Manufacturing plant at 2045 Dr. Andrew J. Brown Ave. The…
The administrator of the U.S. Environmental Protection agency said yesterday that the agency won’t stop BP’s plans to expand and discharge more ammonia and suspended solids into Lake Michigan. In an interview with the Chicago Tribune, Stephen Johnson said, “In this case, it’s my understanding that Indiana issued a permit that it fully compliant with […]
The project is being designed by locally based Browning Day Mullins Dierdorf. The partner in charge of the project is Greg Jacoby.
A California-based chain that sells videogames and gaming equipment has plans for at least two stores in central Indiana. Play N Trade has filed plans for stores in Carmel and Indianapolis….
Marian College is about to add its first new student housing in more than 40 years. Construction is set to begin this summer on a 78-rooms, 144-bed residence hall, designed by…
Eli Lilly and Co. could face the juicy prospect of a $2 billion hole in the diabetes market if the Food and Drug Administration acts on a recommendation from one of its safety scientists. David Graham is set to tell FDA advisers today to pull diabetes pill Avandia from the U.S. market, according to Bloomberg. […]
Officials for Indianapolis-based Just Marketing announced today that they have signed a deal with NASCAR to sell corporate sponsorships for the stock-car series’ Hall of Fame in Charlotte, N.C. Terms of the deal were not disclosed, but industry experts called it a strong mid-to-high seven-figure deal for Just Marketing, which also has offices in Charlotte. […]
Oakland City University has agreed to pay $5.3 million to the federal government to resolve charges that it paid incentive compensation to its admissions and recruitment counselors. The action violates provisions of the Higher Education Act. An unnamed whistleblower, who was a former employee, will receive $1.4 million of the settlement. The case against the […]
Indianapolis-based shopping mall owner Simon Property Group Inc. reported today that funds from operations, a common measure of the performance of real estate investment trusts, increased 4.1 percent in the second quarter, to $373 million. The $1.31 per share in funds from operations was less than the $1.33 anticipated by analysts surveyed by Thomson Financial. […]
A Houston firm has agreed to buy Pan Am Plaza’s office building, skating rinks and the plaza itself. The company, Principle Equity Management, is planning a low-rise, restaurant-anchored development that would…
The Indianapolis marketing firms of Willow Marketing Management Inc. and Manuszak/Schoff have merged, Willow said today. Manuszak/Schoff principal Alan Schoff had moved to California to care for elderly parents, and the stress of balancing the care with his role at the marketing firm had grown too cumbersome, said Willow President Brad Gillum. Manuszak principal Mark […]
In a world where gyms and fitness centers beckon with billboards, water parks and membership specials, Body-N-Motion has found a lower-key, back-to-basics niche. Tucked in an office/flex park next to the headquarters of Mays Chemical Corp. on the northeast side, Mike “Mr. Motion” White’s 5-year-old gym specializes in personal training. All its clients have White or one of his 10 employees putting them through the paces of a customized workout that, White notes with pride, is rarely the same routine…
STARTUP GAZELLE WEB & CONSULTING LLC Entrepreneur offers to help entrepreneurs Type of business: Consults with startup and growing companies Location: 885 Waveland Lane, Greenwood Phone: 450-7746 E-mail: [email protected] site: www.gazellewebandconsulting.comFounded: December 2006 Owner: Brandon Lott Owner’s background: Lott, 33, grew up in the south side of Indianapolis and graduated from Indiana University in 1998 with a health care degree. He went to New York in 2005 to work as an operations manager for retailer Alan Flusser Custom Shop, but…
“I haven’t sung yet,” Frances the Fat Lady said. We were at the Bulging Buffet, which is open 24/7. Frances, one of the state’s biggest experts on public finance, had stacked her plate with bacon, sausage, eggs, pancakes and a variety of sweet rolls. “This property tax debate is not over yet,” she said as we took a table. “Despite the fact that only a few counties are really up in arms, there may be enough momentum for something realistic…
Indiana’s property tax woes are already a headache for Marion County homeowners. Now the cure is becoming a migraine for area
businesses, local elected officials and regional economic developers, too.
The changes to the Indianapolis Motor Speedway’s road course to accommodate motorcycle racing means the track’s operators will forfeit around $500,000 annually in ticket revenue for the Indianapolis 500 and Brickyard 400. Due to modifications just south of pit road and directly north of the oval’s first turn, several thousand seats on the inside of the first turn will be removed after this year’s Brickyard 400. Work to prepare the track for next year’s MotoGP motorcycle race-which includes laying 13,300…
Indiana, as you know, has not escaped the inevitable crush of consolidation in the banking industry. No one should have been surprised by the announcement that First Indiana Corp. was selling itself to an out-of-state bank, Milwaukee-headquartered Marshall & Isley Corp. In spite of the best efforts of M&I, The National Bank of Indianapolis, of which I am chairman of the board, will add business as a result of this transaction. Some of First Indiana’s customers prefer to deal with…
How can friends and business associates end up in such a bad place? The idea was simple. The model was not a new one. These friends and associates each brought a particular know-how to the table for this business venture to succeed. Neither probably realized the handling of their business violated the Indiana Securities Act. The friendly investment The company owner offered a 49-percent stock share in a new business venture to a key employee. After discussion of some details,…
The son and grandson of hotel managers, Maarten van Wijk became general manager of the historic-but-ailing 2,000-member Columbia
Club in May. His first priority is to polish the venerable private club’s tarnished quality standards to a lustrous sheen.
