CNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers Life subsidiary acted as an investment adviser and broker-dealer without proper state licensing.
Illinois-based Tricoci University of Beauty Culture has acquired Honors Beauty College in Fishers and plans to expand into the Indianapolis area with as many as seven campus locations over the next four years.
So, what would make Community Health Network’s president and CEO, Bryan Mills, star in a video dressed as a caveman? It could only be United Way’s “Give Gleefully” YouTube video competition.
Melissa Proffitt Reese joined Ice Miller LLP straight out of law school, and has spent the next three decades juggling an employee-benefits practice there with a whirlwind schedule of community involvement.
Warsaw-based Biomet Inc. has offered to buy the trauma products business of DePuy Orthopaedics Inc. for $280 million in cash. DePuy, a unit of New Jersey-based Johnson & Johnson since 1998, also is based in Warsaw. Biomet, which designs and manufactures orthopedic products for surgical and non-surgical uses, said the deal would greatly expand its sports, extremities and trauma business. DePuy makes artificial joints and other orthopedic devices. J&J is attempting to spin off DePuy’s trauma products business as it seeks to finalize its planned $21.3 billion acquisition of Swiss medical device maker Synthes Inc. The European Commission opened an expanded probe last November of J&J's bid to buy Synthes in a deal that would make J&J the leader in the $5.5 billion trauma device market. The Brussels-based regulator is expected to rule on the acquisition by April 26. Biomet’s offer to DePuy expires June 1 but could be extended under certain circumstances.
Carmel-based CNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers Life subsidiary acted as an investment adviser and broker-dealer without proper licensing. Bankers Life sells a mix of life insurance, annuities and Medicare supplement policies to middle-income earners near or in retirement. It has 1.3 million policyholders across the U.S. and 5,600 agents in 250 U.S. locations. CNO Financial will take a $10 million first-quarter charge related to the settlement, which calls for CNO to make payments to the states of Maine, New Hampshire, Vermont and Missouri and also cover "certain costs of the investigation." An audit revealed Bankers Life was operating in some states where it was not licensed by affiliating with licensed brokers and then steering customers into its annuity products, Maine's Office of Securities said in a statement to Reuters. CNO agreed to surrender the license for its broker-dealer subsidiary, BLC Financial Services Inc, to both the SEC and regulators in Illinois, where it is based. Financial advisers working for independent broker dealers will continue to sell Bankers Life products in the settlement states.
Nyhart, an actuarial and benefits consulting firm, has opened an office in St. Louis, its third expansion in 15 months. In 2011, Nyhart merged with an Atlanta public pension firm and prior to that acquired a business group in Kansas City, Mo. Nyhart has more than 1,000 clients in 48 states, managing $14 billion in pension plan assets. Heath Merlak, an actuary at Nyhart, will head up the new office.
Arizona-based Synergy HomeCare has established a new franchise in Indianapolis. Owners George and Denise Wright will provide 24-hour non-medical care to residents in Indianapolis, Carmel and Fishers. The company typically serves the elderly, those who are recovering from significant surgery and sickness, and new mothers. The new franchise has 10 caregivers but hopes to expand to 25. Synergy HomeCare now has 138 franchises in 37 states.
Attorney William Wendling will try to collect $1 million to $2 million from a handful of investors in Samex Capital Ponzi scheme.
Ticket sales for 2012 BMW Championship surge after dramatic victory by relative unknown at The Masters. Triumph almost guarantees Bubba Watson will play at Crooked Stick in September.
Since Tuesday, fans, coaches and prominent journalists have fired off more than 150 messages on Twitter or on blog posts either blasting the Indianapolis-based NCAA or praising Greg Shaheen, who had overseen all 89 of the NCAA’s championships since August 2010.
Get Real Sports Sales is positioned to grow as colleges, pro teams begin to outsource ticket sales.
There is a mix of sadness, grief and anger in Beech Grove, as Franciscan Alliance moves the last of its inpatient and emergency operations from its nearly 100-year-old Beech Grove hospital to the new Franciscan St. Francis facility at Stop 11 Road and Emerson Avenue.
Three years after budget cuts threatened the state-run Indiana Artisan program, the newly independent organization is moving ahead with ambitious plans to broaden its reach—and help artists and food producers build their businesses.
The 324-unit Lakes of Carmel apartment complex has been sold, a real estate broker involved in the sale announced Friday. Terms of the sale were not announced, but the property was previously sold in 2006 for $21.8 million.
Indianapolis was highlighted in a new national study because its hospitals have been particularly aggressive at expanding their geographic reach—raising concerns among health insurers and even hospitals themselves that new medical facilities and market power can only lead to higher prices.
Net absorption was the highest in five years, chipping away at what has been a chronically high vacancy rate.
-Southern Wine & Spirits of Indiana Inc. leased 25,201 square feet of office space at 8888 Keystone Crossing. The tenant was represented by Mike Semler of Cassidy Turley and Frank Gallagher of Capital Structures Realty Advisors. The landlord, BPG Properties Ltd., was represented by Abby Cooper of Jones Lang LaSalle.
-On-Demand Mail Services, LLC leased 12,800 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Ralph Balber of Newmark Knight Frank Halakar. The landlord, Cassidy Turley, acting as court appointed receiver, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.
-JAZ Properties LLC leased 8,000 square feet of industrial space at 5925-6021 W. 71st St. The tenant was represented by Scott Herider of Lee & Associates. The landlord, GI Partners, was represented by Bryan Poynter and Russ Van Til of Cassidy Turley.
-Paintman Auto Body LLC leased 7,790 square feet of industrial space at 4000 W. 10th St. The tenant was represented by Rob Christman of Colliers International. The landlord, Speedway Industrial Park, was represented by Bill Byram of Cassidy Turley.
-Once Upon a Child leased 6,335 square feet of retail space in an expansion/relocation within Old Town Shoppes, 1210 W. 86th St. The landlord, Sandor Development, was represented by Sandor’s Drew Kelly. The tenant represented itself.
-Pet Centers of Indiana Inc. leased 5,608 square feet of retail space at Avalon Crossing, 6935 Lake Plaza Drive. The tenant was represented by Kevin Dick and Rob Warstler of Colliers International. The landlord, Avalon Crossing LP, was represented by Tiffany Oliver of Landmark Properties.
-Sallie Mae Inc. leased 5,200 square feet of industrial space at 9900 Westpoint Drive. The landlord, Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley. The tenant represented itself.
-First Watch Restaurants Inc. leased 3,985 square feet of retail space at 139 N. Illinois St. The tenant was represented by Don Williams and Allison Tiefel of Cassidy Turley. The landlord, MT Acquisitions, LLC, was represented by Dave Moore, Andrew Martin, Bennett Williams, Allison Tiefel and Darrin Boyd of Cassidy Turley.
-Brendanwood Financial leased 3,485 square feet of office space in Auburn Woods Park, 9650 Commerce Drive No. 523, Carmel. The tenant was represented by Jeff Hubley of Midland Atlantic. The landlord was represented by George Crawford of NAI Meridian.
-Leisure Pool & Spa leased 2,125 square feet of industrial space in Bash Business Center, 8501 Bash St. The tenant was represented by Spero Pulos of Lee & Associates. The landlord, Mann Properties, was represented by Debbie Mann.
-Meridian Mortgage/Open Mortgage renewed its lease for 1,750 square feet of office space in Auburn Woods Park, 9640 Commerce Drive No. 414, Carmel. The landlord, Sandor Development, was represented by Sandor’s Nicholas Roth. The tenant represented itself.
-Crooked Creek CDC extended its lease for 1,200 square feet and is expanding into an additional 2,509 square feet of retail space at 7003 North Michigan Road, units A & B. The landlord, Sandor Development, was represented by Sandor’s Nicholas Roth. The tenant represented itself.
-Defender Direct leased 1,113 square feet of office space at 5455 W 86th St. The landlord, Polaris Commercial Investments LLC, was represented by Dan Baldini of Polaris Real Estate. The tenant represented itself.
-Kinny & Lee’s BBQ and Catering leased 960 square feet of retail space at 22nd Street Shops, 2200 N. Meridian St. The landlord, Sandor Development, was represented by Sandor’s Nicholas Roth. The tenant represented itself.
-The Flying Cupcake leased 856 square feet of retail space in Shops at River’s Edge, 4040 E. 82nd St. The tenant was represented by Bart Jackson and Scot Courtney of Lee & Associates. The landlord, KRG River’s Edge LLC, was represented by Blake Beaver of Kite Realty Group.
Barbara Cook, LeAnn Rimes, B.B. King, Savion Glover, Sheryl Crow and more heading for Carmel.
For-profit U.S. colleges, including Carmel-based ITT Educational Services Inc., would be barred from spending federal taxpayer money on advertising, marketing and recruiting under a Senate bill targeting the education-based businesses.
The Center for the Performing Arts in Carmel expects the 2012-13 concert season, announced this week, to bring a healthy bump in sponsor revenue.
One of the most conspicuous local remnants of the condo crash—an unfinished $150 million South Carolina-themed community near Keystone at the Crossing—could finally be completed, as apartments.
