Homegrown software firm WebLink bought by Atlanta company
WebLink, founded in 1996, will maintain operations in Indianapolis and operate as a subsidiary of MemberClicks.
Mergers & Acquisitions
Articles
Assessing Elanco options: sale, spinoff or status quo?
Lilly CEO David Ricks says the time is right “to consider a variety of options to maximize future value,” such as an initial public offering. But analysts say an IPO would make more sense if Elanco were performing better.
UPDATE: Indy-based health insurer MDwise to be acquired by Michigan firm
After the deal closes, the insurers are expected to collectively cover more than 620,000 people and generate annual revenue approaching $6 billion.
Aetna shares surge after reports of $66B offer from CVS
A deal would create a health-services giant and a bigger competitor for UnitedHealth Group Inc., which is the largest U.S. health insurer and has its own own clinics and a pharmacy-benefits unit.
$1B bank merger notable for absence of egos
An army of MainSource Financial Group executives will have key roles at First Financial Bancorp after First Financial completes its purchase of the Greensburg-based bank early next year.
Anthem shares jump after acquisition, improved forecast
Anthem Inc. exceeded Wall Street third-quarter profit expectations and pushed its 2017 forecast higher in its latest quarterly report. It also acquired an insurer with more than 135,000 Medicare members.
Formstack acquires Fast Forms business from Toronto firm
The acquisition provides Formstack the rights to the Fast Forms software application, one of the more popular apps on the Salesforce AppExchange.
Lilly considers sale, spinoff of Elanco animal-health business
The company announced Tuesday that it is reviewing options for the Greenfield-based division, "including an initial public offering, merger, sale, or retention of the business."
Indy-based consulting firm buys company in nation’s capital
The acquisition gives HighPoint Global about 350 employees and annual revenue of $140 million.
Muncie bank buying smaller competitor for $66M
Muncie-based MutualFirst Financial’s purchase will give it additional locations in the Indianapolis market, where it currently has only one office.
Sinclair might sell up to $1B in TV stations to complete Tribune deal
Sinclair Broadcast Group Inc. received bids for as many as 10 television stations as it takes steps to win approval of its proposed merger with Tribune Media Co., people familiar with the matter said. Tribune Media owns two local stations.
Cummins to acquire Oregon-based battery-pack developer
Cummins said the acquisition is an “important milestone” as it works to introduce its first all-electric engines.
Carmel firm’s acquisition doesn’t slow down its growth
Allegient, now known as the Digital Transformation Solutions division for DMI, is still growing—and that growth could actually accelerate.
Express Scripts to buy medical test gatekeeper for $3.6B
The deal comes as Express Scripts faces challenges on a number of fronts, including the possible loss of its largest customer, Indianapolis-based health-insurance giant Anthem Inc.
Battered Finish Line ripe for takeover
The Finish Line Inc. is highly vulnerable to being acquired, retail analysts say, thanks to a succession of challenges hitting it all at once.
KAR to pay up to $125M to gain full control of software firm
After buying a 50 percent stake in TradeRev for $30 million in 2014, Carmel-based KAR Auction Services said Tuesday that it has acquired the remaining shares in the company for a sum that could balloon to $125 million.
Buffett’s firm to buy majority of Pilot Flying J truck stops
Warren Buffett's company is acquiring a major stake in Pilot Travel Centers LLC, which operates numerous truck stops in central Indiana.
ANGI Homeservices CEO seeks to position Angie’s List brand for ‘future growth’
In an interview with IBJ, ANGI Homeservices CEO Chris Terrill said layoffs at Angie’s List will be done soon and real estate decisions are still being made. He also discussed what he sees as the merged company’s biggest strength.
Finish Line shares spike on latest takeover report
Shares in Finish Line Inc. surged late Thursday after the New York Post reported the Indianapolis-based retailer was nearing a deal to be acquired by United Kingdom-based Sports Direct International.
Anthem buys Florida insurer in first acquisition since Cigna deal failed
The deal for HealthSun gives Anthem another 40,000 members and helps build its base in south Florida.