Cigna confirms it won’t pursue combination with rival Humana
The two health insurance giants, with a combined market value of roughly $125 billion, held talks about a deal last year.
Mergers & Acquisitions
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Indianapolis-based KSM acquires New York City-based firm
Katz Sapper & Miller, the largest accounting firm in Indianapolis, has significantly increased its presence in New York City through the acquisition.
OrthoIndy and Indiana Hand to Shoulder Center Combine Orthopedic Practices
Two Indianapolis-based orthopedic medical practices are joining forces, creating a combined operation of more than 100 physicians and 1,200 employees with 22 locations across central Indiana.
Zionsville-based health care data company hc1 acquires Accumen
The acquisition of Accumen from New York City-based Arsenal Capital Partners announced this week is the latest in a series of growth moves for hc1, which bills itself as a leader in lab data analysis for health care companies.
Fishers-based Qumulex acquired by Texas company
Fishers-based Qumulex offers cloud-based video surveillance and access control systems for businesses. The company has been acquired by Texas-based Synerion USA Inc.
Indianapolis-based Deflecto acquired for $103.7 million
Indianapolis-based Deflecto, which describes itself as the world’s leading maker of chair mats, bicycle reflectors and dryer venting supplies, has been acquired by New York City-based Acacia Research Corp.
Krieg DeVault expands in Chicago by adding smaller firm
Indianapolis-based law firm Krieg DeVault LLP is growing its footprint in the Windy City by adding Chicago firm Fuchs & Roselli Ltd. through a merger.
Indiana-based Do It Best inks agreement to acquire True Value assets
Chicago-based True Value, which has hardware stores throughout Indiana, on Monday began voluntary Chapter 11 bankruptcy proceedings, with the goal of selling its business operations to Do It Best Corp.
Carmel-based real estate tech firm Realync acquired
Realync, whose platform allows apartment managers to offer virtual property tours, has been acquired by Texas-based Grace Hill Inc.
Satellite service DirecTV buying rival Dish as it fights onslaught of streaming services
DirecTV plans to acquire Dish and Sling in a deal it has sought to complete for years, as the company seeks to better compete against streaming services that have become dominant.
Indianapolis-based Greenwalt CPAs to merge with Cincinnati firm
Following the merger, which takes effect Jan. 1, Greenwalt will operate under the Barnes Dennig & Co. name.
Steelworkers lose arbitration case against U.S. Steel in their bid to derail sale to Nippon
An arbitration board has ruled that U.S. Steel may proceed with its proposed acquisition by Nippon Steel, a deal that faces strong opposition from its workforce.
Law firm Taft growing again by merging with Denver’s Sherman & Howard
The merger will add 125 lawyers to Taft’s list of attorneys, which will grow to more 1,000 in 10 states.
Motel 6 sold to Indian hotel operator for $525M
The budget motel chain—which operates 10 hotels in the Indianapolis area—is being sold by New York-based investment firm Blackstone, which purchased the chain in 2012.
Kroger, Albertsons prepare to make final federal court argument for their merger
The Federal Trade Commission argues the deal would eliminate competition and lead to higher food prices for already struggling customers.
Indianapolis-based Proteus Discovery Group expands with acquisition of Novitas Data
The acquisition doubles Proteus’ employment ranks and expands its service offerings with advanced forensics, eDiscovery technology and coast-to-coast geographic coverage.
Elevance Health acquiring IU Health Plans
IU Health Plans offers Medicare Advantage plans in 36 counties serving 19,000 members as well as fully insured commercial plans for 12,000 more people.
Verizon buying Frontier in $20B deal to strengthen fiber network
Verizon Communications Inc. said Thursday that the acquisition will also shore up its foray into artificial intelligence as well as connected smart devices.
CEOs of Albertsons, Kroger say shoppers would see lower prices after merger
The Federal Trade Commission contends the $24.6 billion deal would eliminate competition and lead to higher food prices for already struggling customers.
Biden preparing to block Nippon Steel purchase of U.S. Steel
The deal would create the third-largest global steelmaker in a bid to compete with Chinese rivals on the global stage. More than 2,000 people work for U.S. Steel in Gary, Indiana.