Manor Care at Summer Trace in Carmel has violated several state regulations for long-term care facilities, the Indiana State Department of Health said this morning. The Department of Health said it wants to put the facility on probation, and require the facility to hire a nurse and licensed administrator consultants. Among violations found in four […]
Former Union Federal Bank of Indianapolis President and CEO Alvin “Kit” Stolen III has taken a position as vice president of consulting at Achievant LLC. The Indianapolis company, launched in September with funding from the 2005 sale of the Carmel banking software firm Baker Hill, sells consulting services and software to help financial institutions with […]
The age-old concept of living above your workplace is catching on again in Indianapolis, just as the developers of Douglass
Pointe Lofts had hoped. The $2.65 million landmark at 25th and Delaware streets already will soon also be known for a diverse
roster of local businesses.
ATLANTA – At the Final Four last week, I was reminded that even without a team, Indiana was well represented. It began at the United States Basketball Writers Association breakfast on the Friday morning before the national semifinals. The occasion was the presentation of the USBWA’s Oscar Robertson Trophy to the player of the year, which happened to be Kevin Durant from Texas. Robertson, the Crispus Attucks great who went on to star at the University of Cincinnati-and who was…
A $750,000 penalty has been levied against Conseco Inc. by the Iowa Insurance Division, but the reason for the fine is being kept confidential, according to The Des Moines Register. The Carmel insurer’s Conseco Life Insurance Co. unit and regulators settled issues related to how the unit priced some of its life insurance policies. Conseco […]
Lots of people are taking the week off for spring break, but plenty of people are still toiling away at their jobs, local employers say. At F.C. Tucker Co.’s corporate office on the far northside, 20 to 25 percent of workers are out this week, said Stan Phariss, vice president of human relations for the […]
Temporary staffing agencies used to be like big-box discount stores: Customers could find anything and everything under one roof. As temp workers have become an increasingly important part of corporate business models, however, a more boutique approach is taking hold. Take Carmel-based LGC Associates, which specializes in providing temporary staffing for the food service and hospitality industries-and has started providing workers to fill the accounting, financial and administrative needs of its clients. LGC was launched in May 2003 by Carmel…
Executive Steve Kellam once went to such great lengths to cheer up colleagues during a difficult period that he arrived at a company meeting wearing a Clifford the Big Red Dog costume. He’s dressed as a clown as well. It’s doubtful every corporate gathering requires those types of creative tactics to grab the attention of associates, but there are ways to ensure the boardroom doesn’t descend into a state of boredom. “I was just trying to get some laughs,” Kellam…
Carmel-based Maaguzi LLC, a maker of software for clinical researchers, plans to relocate its North Carolina operations to an undetermined location in central Indiana. The expansion would add 42 high-tech jobs through 2009. The company will produce and host its Internet-driven clinical trial data management system in the new location. Maaguzi’s lease at 11711 N. […]
Shareholders of Carmel-based Adesa Inc. today approved the auto auction’s $3.7 billion acquisition by Kar Acquisition Inc., which is owned by Kelso & Co.; GS Capital Partners, an affiliate of Goldman Sachs; ValueAct Capital and Parthenon Capital. The price of $27.85 per share was a premium of about 10 percent over the value of Adesa […]
IndyGo tomorrow plans to reveal details of an express bus route between downtown and Fishers, starting late this summer or early fall. In Fishers, the bus will stop at 106th Street and Lantern Road, at Eastern Star Church. It likely will proceed down Binford Boulevard and make stops at a handful of downtown locations, Indianapolis […]
BHC Marketing Inc. plans to create 20 jobs in Carmel in April by opening a Midwest regional office, Indiana Economic Development Corp. announced today. Based in the Houston suburb of The Woodlands, BHC is an independent national insurance marketing organization focusing on annuities and long-term care insurance. The company said it picked Indiana for the […]
A who’s-who of local firms is planning bids to redevelop the Market Square Arena site with mixed-use projects that would depart
sharply from previous efforts focused on residential. New plans are expected to include retail , offices, apartment units
and condos backed by high-profile local developers that didn’t bid before.
The seats in the new Carmel Performing Arts Center will be designed so music will be acoustically unaffected whether people are sitting in them or not. The walls and jutting upper-level balconies will be curved so sound waves wrap around the hall, preventing sound from becoming focused in a single spot. A suspended reflective canopy will be raised or lowered depending on the number and types of instruments being played so reverberation time stays perfect at all times, thus doing…
The U.S. Department of Justice’s highprofile, three-year investigation into price fixing in Indiana’s concrete industry resulted in one of the largest antitrust fines in history: $29.2 million against Greenfield-based Irving Materials Inc. The investigation might not be over yet. The DOJ seemed to conclude its Indianapolis inquiry last month, finally closing the criminal case. But a recent filing in a pending civil suit against IMI and its four former top executives hints the probe is continuing elsewhere. This time, IMI…
Online banks usually avoid brick-and-mortar overhead. Eliminating expense is the core of their business advantage. So why did First Internet Bancorp spend $12 million to acquire traditional mortgage lender and savings bank Landmark Financial Corp. and its two Indianapolis branches? Because the acquisition of Landmark provides First Internet an opportunity to finally broach the mortgage market. Landmark, which traces its roots back to 1925, is best known as a new-construction underwriter in the local home and commercial builder market. Its…
How does aviation technology conceived at Oxford University and developed with the help of Rolls-Royce end up being tested at Methodist Hospital and commercialized in Carmel? Oxford BioSignals Medical CEO Frank Cheng knows the answer. Even better, he can explain why his startup is poised to add 120 jobs over the next few years. “At this point, I don’t see anything we can’t do right here in Indiana,” he said. Formed in 2000, Oxford BioSignals began its life when research…
Debate over a developer’s plan to buy 71 acres of woods and wetlands on Crown Hill Cemetery’s northern edge for a retail-and-residential
project will come to a head this week when the Metropolitan Development Commission votes on the proposal.
When it comes to the battle of the ‘burbs-at least those north of Indianapolis-Carmel seems to get all the glory. Not that it’s undeserved, considering the progress and growth that have taken place under Mayor Jim Brainard. But lest you haven’t noticed, Carmel’s rival to the northeast-Noblesville-has fired up its afterburners in the last few years and is making major strides on the development front. Some of the credit should go to that city’s first-term mayor, John Ditslear, who was…
ATMs are still convenient, but not much of a novelty anymore. That distinction now belongs to remote-deposit capture-a high-tech advancement that guarantees a big payoff for banks and their customers alike. “From a technological standpoint, it’s the biggest thing happening in banking in 2007,” said Lee Wetherington, senior vice president at Brentwood, Tenn.-based software maker Goldleaf Financial Inc. Remote-deposit capture eliminates the need for businesses to physically deposit checks at their bank branch. Using the new technology, checks are scanned…
