Home » Banking & Finance

Banking & Finance

Articles

Area deals reach new pinnacle: Anthem’s $22.7 billion purchase of Wellpoint heads busy year for acquisitions

In 2004, Indianapolis had plenty of both, crushing all previous local merger-andacquisition records. IBJ tracks business deals larger than $5 million involving area companies in which financial terms are available. Last year, there were 56 of them, worth a grand total of $31 billion. Anthem Inc.’s massive $22.7 billion acquisition of Wellpoint Health Networks Inc. led the pack. Before 2004, $17 billion was the most M&A activity Indianapolis had ever seen in a single year. All by itself, Anthem’s deal…

Read More

Partners bet on Capitol block: Shiel Sexton teams up with Gregory & Appel to redevelop old factory

An Indianapolis contracting company is deepening its near-north-side roots-and exploring another avenue of the real estate business-with a multimillion-dollar plan to renovate and rent out an 85-year-old building just blocks from its Capitol Avenue headquarters. Shiel Sexton Co. Inc. has agreed to spend more than $5 million on the 60,000-square-foot brick building at 1402 N. Capitol Ave., restoring the property to its former glory and transforming it from industrial to office use. The company also is seeking tenants for a…

Read More

A family cashes in on the nursing shortage: Noblesville company grows rapidly by filling void

A Noblesville family took on the U.S. nursing shortage in 1999 armed with only $30,000 and a home computer and wound up creating a multimillion-dollar business. The nursing shortage still lingers, but the family’s company, Innovative Placements Inc., takes in more than $8 million in annual revenue by filling employment gaps with traveling nurses. Twin sisters Retha Clark and Letha Engelman, and Letha’s husband, John, place more than 100 nurses in 39 states. They want to add 50 more nurses…

Read More

Regulators probe Galyan’s trades: Investigation reason for leave of absence for McDonald stockbroker Dave Knall

Securities regulators are investigating allegations of insider trading in Galyan’s Trading Co. stock before the company’s sale to Dick’s Sporting Goods Inc. last summer, IBJ has learned. Sources said those under scrutiny include star Indianapolis stockbroker Dave Knall and his son James, who worked with his father at a McDonald Investments office on 96th Street in Indianapolis. Dave Knall, 60, one of the nation’s top-producing stockbrokers, has been on a voluntarily leave of absence from McDonald since Dec. 3. The…

Read More