So many mortgage opportunities are available over the Internet that the unfolding woes of a single lender, American Home Mortgage Investment Corp., have caused relatively few problems in the Indianapolis area, real estate professionals say. Some buyers have been unable to close home purchases through the Melville, N.Y., giant, but the numbers appear to be […]
Carmel-based Sagamore Health Network will keep its name even thought it has been acquired by Cigna Corp. The Philadelphia-based health insurer said its acquisition of Sagamore, Indiana’s third-largest managed care organization, will make it much more competitive in the state. In Indiana, Anthem Insurance Co. dominates the health insurance market. “It also adds significantly to […]
Cigna Corp.’s purchase of Sagamore Health Network should make it a more formidable competitor to Indianapolis-based Anthem Insurance Co. in the central Indiana health insurance market. And that could be a good thing for employers. That’s the initial reaction of one local health care expert after Philadelphia-based Cigna announced this morning it is acquiring Carmel-based […]
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 […]
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….
Huntington Bancshares Inc. entered the Indianapolis market in 1986 and since has led a relatively unassuming existence, barely cracking the top 10 in local deposit amounts and operating just a few dozen branches. So, the Columbus, Ohio-based bank is entering uncharted territory following its $3.6 billion acquisition of fellow Buckeye bank Sky Financial Group Inc. in Bowling Green. Huntington completed its purchase of Sky on July 2, making it the 24th-largest domestic bank in the United States in terms of…
STARTUP ADVANCED IMAGING HEALTHCARE SOLUTIONS INC. Ultrasound technology hits the road Type of business: mobile medical imaging Location: 75 Executive Drive, Suite A, Carmel Phone: 663-3289 E-mail: [email protected] Web site: www.aisolutions.info Founded: November 2006 Owners: Greg and Janet McCauley, Beau and Jennifer White Owners’ backgrounds: Jennifer White, 27, graduated from Indiana University’s dental school in 2001; her husband, Beau, 30, graduated from Purdue University in 2000, then worked in sales in the medical field. The McCauleys have been in sales…
Students at three new Indiana high schools this fall are going to learn the California way. No, they won’t be holding classes on the beach. They’ll use technology and a project-oriented curriculum to learn about math, science and history, plus gain 21st century skills business leaders say today’s work force needs. The New Technology High School model, which began in Napa Valley, Calif., in 1996, will launch in Indiana this fall with New Tech High at Arsenal Tech, New Tech…
ITT Educational Services Inc. reported second-quarter profit of $35.9 million, up 49 percent from the year-ago period. Revenue in the three months ended June 30 increased 16.9 percent, to $217 million. New student enrollment rose 11 percent, to 48,873. Carmel-based ITT attributed the quarter’s gains to improved student retention and strong controls on operating costs.
A startup firm using Indiana University medical research to treat a fatal lung disease is raising money for clinical trials and has recruited a prominent life sciences veteran to lead the effort. Michael Klemsz, an associate professor at the IU School of Medicine, and Dr. David Wilkes, director of the school’s Center for Immunobiology, founded Immune Works LLC in January 2006 along with Ronald Meeusen. Meeusen, a former Dow-AgroSciences researcher and BioCrossroads executive, served as a part-time president and CEO…
The Arts Council of Indianapolis and the Indianapolis Cultural Development Commission recently launched a campaign to encourage individuals and businesses to buy art from local artists. I couldn’t agree more with the message. In addition to the “Be Indypendent, Buy Indy Art” stickers you’ll no doubt see all over town soon, the campaign includes a Web site, www.beindypendent.org, with a downloadable “how to” guide, plus links to the Arts Council’s artist database that includes the work of more than 400…
Some folks consider Congregation Shaarey Tefilla’s move to Carmel historic. After all, its new synagogue at 116th Street and Towne Road will be Hamilton County’s first. To others, it’s simply the latest development in the local Jewish community’s century of northward migration. For Rabbi Arnold Bienstock and his members, it’s a homecoming. “There’s a lot of support here,” he said. “People need that if they’ve just moved to an area.” Carmel welcomed Bienstock with open arms 15 years ago, when…
If First Indiana Corp. was looking to pull off a sale quickly, Milwaukee-based Marshall & Ilsley Corp. was a natural place
to turn. First Indiana CEO Robert B. Warrington had been doing deals with the bank since he took the helm from Marni McKinney
in 2006. Warrington also is a friend and golfing buddy of M&I CEO Mark Furlong.
The city’s largest hospital system will try its hand at high-stakes investing. Clarian Health Partners is forming its own
venture-capital fund, called Clarian Health Ventures, to invest in fast-growing companies and finance the commercialization
of research conducted at Clarian or by its staff.
Up to 150 of Conseco Inc.’s 2,300 Carmel employees could see their jobs transferred to a Minnesota company under a plan being considered by company executives. Transferred employees would continue to work either out of Conseco’s offices or nearby. Conseco announced Thursday afternoon that it might shift a call center and some claims for its […]
The Wisconsin bank acquiring First Indiana expects to realize cost savings of 20 percent by merging back-office functions and cutting potentially dozens of local jobs. Milwaukee-based Marshall & Ilsley Corp. hopes to retain most of First Indiana’s bankers and will keep all 32 branches open. CEO Mark Furlong told IBJ this morning that within three […]
Many banks, including Harris Bankcorp of Chicago, would have wanted to buy First Indiana Corp., according to long-time analyst John Reed, president of investment banking group at David A. Noyes & Co. of Chicago. In fact, Reed expected Harris instead of Marshall & Ilsley Corp. to snap up First Indiana. Harris is the U.S. unit […]
Despite tougher cyber squatting laws domain names ar e still being held for ransom Cybersquatters are lurking on the Internet your , ready guard usiness brand the instant forts are on the rise. to swipe your b gitimate ef ” said slips. And ery their much ille a nuisance to everyone, -based “It’ s v an associate at Indianapolis Mary Jane Frisby, Thornburg LLP who specializes law firm in Barnes domain & name disputes. ” And there .” is this…
Indianapolis Museum of Contemporary Art reopens July 13 with a new look and a new plan for growth. The changes come as its primary funder is scaling back support-and backing a competing contemporary art museum planned for Carmel. That does not deter Executive Director Kathy Nagler from her efforts to develop IMOCA. Nagler, 51, was hired last summer to replace local arts enthusiast Jeremy Efroymson, whose family foundation also was its main funder. The Indianapolis-based Efroymson Fund helped get the…
Aggressive expansion plans by Indianapolis’ three biggest hospital systems have pushed Greenfield-based Hancock Regional Hospital
to change up its plans to build an outpost of physician offices in northwest Hancock County, near the borders of Marion and
Hamilton counties. But Hancock Regional isn’t backing down.
