Cummins sells exhaust business to Global Tube
Cummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company of the Chicago-based private equity firm Wind Point Partners.
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Cummins Inc. will sell its exhaust business, which includes several plants in Wisconsin, to Global Tube, a portfolio company of the Chicago-based private equity firm Wind Point Partners.
Sen. Karen Tallian, D- Portage, is sponsoring a bill that would direct the criminal law and sentencing study committee to examine Indiana's marijuana laws next summer and come up with recommendations.
Gov. Pat Quinn has a message for New Jersey Gov. Chris Christie and officials from other states trying to lure jobs from Illinois: Back off.
Indiana drivers would not be allowed to send or read text messages on mobile phones under legislation that cleared the Indiana House on Tuesday.
Eli Lilly and Co. probably will get approval for its newly acquired imaging agent used to diagnose Alzheimer’s disease, but so far analysts are unimpressed.
Alecia DeCoudreaux, the top attorney for Eli Lilly and Co.’s U.S. unit, will leave to become president of Mills College in Oakland, Calif. DeCoudreaux, 55, has worked at Indianapolis-based Lilly for 30 years after earning her law degree from Indiana University in Bloomington. As general counsel for its U.S. business, DeCoudreaux guided Lilly through all U.S. regulations, including its applications with the Food and Drug Administration to launch new drugs.
Carmel-based Zotec Partners has hired Bradley Myers as director of marketing. Prior to joining Zotec, Myers was the marketing specialist for Medical Management Professionals Inc. Myers has a marketing degree from George Mason University.
John H. Johnson, president of Indianapolis-based Eli Lilly and Co.’s oncology unit, will resign on Friday to become CEO of East Brunswick, N.J.-based biotechnology company Savient Pharmaceuticals Inc. Johnson had been CEO of New York-based ImClone Systems Inc. when Lilly acquired it in 2008.
The Indiana 21st Century Research and Technology Fund received $2.6 million from the December sale of Marcadia Biotech to Roche Diagnostics Corp. That represented a 30-percent total return on the state’s $2 million investment in the company. It is the first time the 21st Century Fund has reaped a return on one of the grants it gives to startup companies since the fund rewrote its investment rules five years ago. Before that, it simply made grants that did not have to be repaid if a company hit it big.
Hoosier Village Retirement Center in Zionsville announced plans Monday for a $32 million project that will expand its campus near Interstate 465 and Michigan Road. Hoosier Village plans a 90-unit apartment complex to replace its original residence hall, which was constructed in the 1960s, renovated in the 1990s and expanded in 2001. Hoosier Village currently has 197 independent-living units on its 150-acre campus. Plans also call for a “Memory Support Center,” licensed for residential care of residents with Alzheimer’s and other dementia-related conditions. It will have 36 private rooms and 7,500 square feet of common areas. In addition, the expansion will add a 23,700-square-foot dining center with a 250-person seating capacity, and a community center with exercise rooms, a fitness center, indoor swimming pool and locker rooms. Hoosier Village is a not-for-profit community operated by Baptist Homes of Indiana Inc. The expansion, which should begin this spring and conclude in 2013, will allow the center to add 50 full-time workers. The project is awaiting approval from the Zionsville Planning Department.
Indianapolis-based Arcadia Resources Inc. signed a three-month pilot agreement with the Cleveland Clinic under which the hospital system will use Arcadia’s DailyMed program to help chronically ill patients take their medications after being released from a hospital, thereby reducing readmissions. DailyMed dispenses a monthly cycle of a patient’s prescriptions, over-the-counter medications and vitamins, and organizes them into pre-sorted packets marked with the date and time they should be taken. Also, DailyMed pharmacists call patients, as well as their primary-care doctors and caregivers to encourage medication compliance and avoid drug interactions.
Nearly 300 physicians from Indianapolis-based Community Physicians of Indiana and Evansville-based Deaconess Clinic have joined a research network run by HealthCore Inc., a subsidiary of Indianapolis-based WellPoint Inc. The Integrated Research Network uses physicians to study drugs, devices, diagnostics and medical methods to see if real-world applications differ from results produced in clinical trials. HealthCore combines its study results with WellPoint’s records on the 33 million Americans it insures. The Deaconess Clinic has about 90 physicians in its multi-specialty physician group. Community Physicians of Indiana employs about 200 general practice physicians for the Community Health Network hospital system. The HealthCore network is currently exploring several opportunities in the areas of heart failure, pain syndromes, antibiotic resistance, Type 2 diabetes and breast cancer.
The Indianapolis-based trucking company reported revenue of $133.1 million, up 4.6 percent from the same quarter of 2009. Profit rose to $2.9 million from $1 million.
Chris Sears is a health care and employee-benefits attorney at Ice Miller LLP in Indianapolis. He spoke about how employers are sizing up health insurance reforms that hit in 2014, which would set up government-subsidized insurance as a new option for workers but also would penalize most employers if they stop sponsoring employee health benefits.
Over the past 10 years, Purdue University has built Discovery Park into a thriving research and business incubation center, launching more than 30 companies and hosting dozens more. Now Purdue will spend more than $164 million to construct a Life and Health Sciences Quadrangle next to Discovery Park.
Yet another collection of unpublished material is being released. When is enough enough?
The Marion County Prosecutor's Office is holding blood drives this week to show support for police officer David Moore. Moore was shot several times during a traffic stop Sunday morning and remains in critical condition. The first blood drive will be held Tuesday from 9:30 a.m. to 2:30 p.m. on the second floor of City Market’s east wing. Another will be held Wednesday from noon to 5 p.m. at Wishard Hospital’s Myers Auditorium.
A man who led police on a high-speed chase through the northwest side of Indianapolis Tuesday morning was apprehended after he crashed. Police attempted to pull over a male driver near 34th Street and Lafayette Road about 3 a.m. Tuesday. The driver refused to stop for police and led them on a chase on Lafayette Road with speeds reaching 100 mph. The chase finally ended when he rear-ended another car at 56th Street and Lafayette Road. The suspect attempted to run from police, but he was quickly caught. Police later discovered the car he had been driving was stolen.
Vice President Joe Biden is heading to the Hoosier State this week. Wednesday, he plans to make a stop at Greenfield’s EnerDel Inc., which makes advanced lithium-ion battery systems. The business was awarded $118 million in Recovery Act funds to expand its production line. The event is scheduled to get underway just before noon.
An Indiana House committee split along party lines to approve a bill that would cut jobless benefits for some people starting next year as the state tries to fix its insolvent unemployment insurance system.