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Marketing software company Aprimo Inc. will stay in Indianapolis after being sold for $525 million to Dayton, Ohio-based based data storage giant Teradata Corp., Aprimo CEO Bill Godfrey said Wednesday.
A Whiteland family decked out its house with a light display that can be seen from blocks away. The Underwoods used about 80,000 blue LED lights to create a Colts Christmas spectacle. It took the family two weeks and about 80 hours to deck the halls. The family is asking everyone who drives by the house at 76 Pin Oak Court to donate a non-perishable food item for a local food bank.
Indiana University has fired the employee accused of committing one of a series of anti-Jewish vandalism on and near the Bloomington campus. Mark Zacharias of Ellettsville had been a scholarship coordinator at the Hutton Honors College since 2003. Zacharias faces a felony count of criminal mischief after being accused of throwing a rock that shattered the glass of an information board at IU's Goodbody Hall, which houses the school's Jewish studies program.
A Hancock County sheriff’s deputy made his first court appearance Wednesday to answer charges that he drove drunk while on duty and caused an accident. According to Greenfield police, Deputy Michael Robinson had a blood-alcohol content of 0.16—twice the legal limit for driving—when he was tested after the Tuesday morning crash. Investigators thought the icy roads caused Robinson to lose control of his vehicle, but department protocol calls for routine blood-alcohol testing after accidents.
Centerfield Capital Partners’ investment in Fresh Food Concepts Inc. is the 12th deal from the local venture capital firm’s second fund.
Ivy Tech Community College is planning to take over a Kokomo event center and possibly use the site for future expansion of its neighboring campus.
Many analysts think the economy is growing at a 3.5 percent pace or better mainly because consumers are spending more freely again.
The company said on Tuesday sales at stores open more than a year rose 4.5 percent from Nov. 28 through Dec. 19 compared to the same period a year ago.
The sale of inland marine shipping company American Commercial Lines Inc. to an affiliate of Platinum Equity closed on Tuesday. Jeffersonville-based ACL was one of the state’s largest public companies.
Indianapolis-based marketing software maker Aprimo Inc. will be sold to an Ohio data-storage company for $525 million, Teradata Corp. said Wednesday. Aprimo, led by co-founder Bill Godfrey, pulled plans to go public two years ago.
U.S. Rep. Andre Carson on his new duties, earmarks, anti-Islam rhetoric, and his love for smooth tunes.
Athletic shoe store chain The Finish Line Inc. said Tuesday that its fiscal third-quarter profit skidded 37 percent as a one-time leg up from a tax windfall last year was not repeated. Revenue rose 9 percent.
Eli Lilly and Co. said the Food and Drug Administration will perform a faster review of florbetapir, an imaging agent that may help diagnose Alzheimer's disease.
The merger of Morgan Hospital & Medical Center into Clarian Health got the go-ahead from all parties in the past week, opening the way for Morgan to bring on new doctors to its facilities.
Zimmer Holdings Inc. completed an acquisition in China on Tuesday, but recession hangovers in the United States and Europe are trumping all other factors and keeping the company’s growth bottled up for now.
The University of Indianapolis named Stephanie Kelly, a physical therapist, the new dean of its College of Health Sciences, promoting her from acting dean status. Kelly, who joined UIndy in 1996, emerged as the favorite candidate after a national search. The college produces more physical and occupational therapists than any other in Indiana.
Scott Teffeteller will remain CEO of Union Hospital in Terre Haute after a national search. Teffeteller had been serving as interim CEO since his predecessor David Doerr stepped down in September to become CEO of the entire Union Health System. Teffeteller, 39, joined Union in 2006 as chief operating officer.
Rehabilitation Hospital of Indiana named Sharyl J. Border its new executive director of marketing. Border was previously a senior specialty sales representative at Eli Lilly and Co.
Indianapolis-based Lilly Endowment Inc. has given $35 million to Manchester College to help launch a new school of pharmacy in Fort Wayne. Manchester, a 1,300-student liberal arts college west of Fort Wayne, plans to open the school in 2012 with a class of 70 students. The school, which would be Indiana’s third doctoral pharmacy program, would ramp up to 265 total students. Average pharmacist salaries nationwide top $115,000, according to the industry trade journal Drug Topics. There are 115 schools of pharmacy nationally, with 20 more preparing to launch, according to the American Pharmacists Association. There are nearly 175,000 pharmacists nationwide. Most dispense prescription medicines in community drug stores, though a growing number work at hospitals or as consultants and health care managers.
WellPoint Inc.’s request to raise rates on small-business health plans in New York by as much as 28 percent will face increased scrutiny because of new U.S. regulations, the state’s top health insurance official told Bloomberg News. Federal rules released Tuesday tell state regulators to view rate-increase proposals of more than 10 percent as “initially unreasonable,” said Louis Felice, head of New York’s Insurance Department’s health bureau. Indianapolis-based WellPoint asked for a premium hike of 20 percent to 28 percent for 216,000 people in health plans at businesses with 50 or fewer employees. State officials can choose to bar insurers with a pattern of rate increases that the new health law labels as “unreasonable” from new insurance exchanges that will be set up in 2014 as part of funding coverage for 24 million individuals. The 10-percent threshold will change after 2011 to a state-by-state measurement based on the history of health costs in each state.
Indiana Medicaid services likely will be cut in order to head off a projected 25-percent spike in spending over the next two years, according to the Associates Press. The actuary hired by Medicaid to make budget projections, Milliman Inc.’s Robert Damler, said the program’s spending is set to grow by $3.3 billion over the next two years, and more after that, unless some services are cut. Those figures rendered the State Budget Committee “speechless,” said committee Chairman Luke Kenley, a Republican state senator from Noblesville. Damler suggested cutting spending for chiropractors, podiatrists and adult dental services to reduce the Medicaid bill. But Medicaid is likely here to stay, after Kenley backed away from an earlier suggestion that Indiana follow Texas' lead in exploring alternatives to Medicaid. Kenley said there was no enthusiasm for such an option from Gov. Mitch Daniels' administration. Damler said Indiana's Medicaid population of about 1.11 million—mostly single moms and kids—will grow to 1.25 million in 2013, and then add another 400,000 the following year when key provisions of the health care overhaul kick in.
Anderson-based Saint John’s Health System plans to spend $24 million to build a surgical services center, with construction beginning this fall. The subsidiary of Indianapolis-based St. Vincent Health currently performs 11,000 surgeries a year in three facilities, one of which is 42 years old.
Most Indiana state government employees will be receiving at least a $500 pay raise during 2011 after a two-year pay freeze.
