News

OrthoPediatrics Reports Q1 Loss

Warsaw-based OrthoPediatrics Corp. (Nasdaq: KIDS) is reporting a first quarter net loss of $9.1 million, compared to a net loss of $10.4 million for the same period last year. ... Read More

Community Harvest Forms Education Partnership

Trine University is partnering with Community Harvest Food Bank in Fort Wayne to provide a wider range of professional development and educational opportunities for its employees, clients and volunteers. As part of TrineOnline's education credit acceptance, the food bank will be eligible for up to 90 credits hours toward a bachelor's degree program, including credit for their on-the-job training.... Read More

Life Sciences Icon Not Ready to Retire

For nearly a half century, Purdue University researcher Dr. Philip Low has worked in his laboratory in West Lafayette, testing and developing therapies for a range of human maladies and pathologies. ... Read More

Dallas Firm to Acquire Ash Brokerage

Fort Wayne-based Ash Brokerage Corp. will soon be under new ownership. The insurance firm is set to be acquired by Integrity Marketing Group LLC, a life and health insurance provider headquartered in Dallas, though financial terms of the deal are not being disclosed.... Read More

Holladay Properties Donates More Land Near AmeriPlex

South Bend-based Holladay Properties is donating an additional seven acres of land within its AmeriPlex complex to the Central Indiana Land Trust Inc. in Indianapolis. The land will allow the nonprofit land trust to protect and expand habitat for the endangered Indiana bat.... Read More

Caesars to Expand Anderson Casino

Caesars Entertainment Inc. (Nasdaq: CZR), the parent of Harrah’s Hoosier Park Racing & Casino in Anderson, says it is investing $39 million to expand the casino’s gaming floor, and add 100 new jobs to the venue. The company will formally break ground next week on the 30,000-square-foot expansion.... Read More

Thompson Thrift Names Next CFO

Terre Haute-based Thompson Thrift, a commercial and residential real estate company, has named Daniel Sink chief financial officer for its Thompson Thrift Development division. He succeeds Ken Howell, who recently announced he would step down this summer.... Read More

Tech24 Acquires Indy’s Facilities Management

South Carolina-based Tech24 has acquired Facilities Management LLC and Peltz Services Inc. in Indianapolis. Facilities Management, which provides repair services, maintenance, and installation of foodservice equipment, is Tech24's eighth acquisition in the food service repair and maintenance market.... Read More

NiSource Nearly Doubles Quarterly Profit

Merrillville-based NiSource Inc. (NYSE: NI) is reporting first quarter net income of $413 million, compared to $281.7 million during the same period last year. Chief Executive Officer Lloyd Yates says the company continues to execute growth and sustainability plans for the longevity of the business.... Read More

Cook President Hopes Indy Plant Becomes Model for Future

The president of Bloomington-based Cook Medical Inc. says a new manufacturing plant on the near northside of Indianapolis is a win-win for everyone. The company, along with Goodwill of Central and Southern Indiana and the Central Indiana Community Foundation, this morning marked the opening of the facility, which will ultimately employ 100 area residents. ... Read More

Distribution Company Opens Lebanon Facility

A global distribution company headquartered in New York is setting up shop in central Indiana. PCA Group, which provides logistics and digital marketing services for the beauty and wellness sector, has opened a distribution facility in Lebanon and plans to add more than 100 jobs.... Read More

Fort Wayne’s Ambassador Supply Buys Orgain Building Supply

Fort Wayne-based Ambassador Supply, which is an affiliate of private equity firm Ambassador Enterprises, has acquired Tennessee-based Orgain Building Supply. While financial terms of the deal were not disclosed, Ambassador says the acquisition builds upon its continued growth and reach of offerings.... Read More

IU to Grow Nursing Program with $16M Gift

The Indiana University School of Nursing at IUPUI has received a $16 million gift from IU Health it says will help grow the school's undergraduate student enrollment by 50% over the next three years. IUPUI says the funds will support expansion of classroom, lab and simulation space, as well as student support services.... Read More

Kimball International Swings to Profit

Jasper-based Kimball International Inc. (Nasdaq: KBAL) is reporting fiscal third quarter net income of $6.3 million, compared to a loss of $4.5 million during the same period last year. Chief Executive Officer Kristie Juster says the results reflect robust demand across its product portfolio, as well as the company's ability to navigate industry-wide headwinds.... Read More

Saab Prepares for Jet Manufacturing in West Lafayette

Years in the planning and development, a major portion of the next generation fighter training jet for the U.S. Air Force will be coming off the assembly line in West Lafayette in 2023. Executives from The Boeing Co. (NYSE: BA) and Sweden-based Saab last week rolled-out the first T-7A Red Hawk advanced trainer at a ceremony in St. Louis. Workers at Saab’s facility near Purdue University will manufacture the aft section of the aircraft and then ship it to the Boeing plant in St. Louis for final assembly.... Read More

Cook Medical Manufacturing Plant to Open in Indy

Bloomington-based Cook Medical will today celebrate the opening of a new manufacturing facility on the near northeast side of Indianapolis. The $15 million plant will be operated by Goodwill of Central & Southern Indiana and produce medical devices for Cook.

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