Inside INdiana business

2013-07-29T12:45:00Z Inside INdiana businessGerry Dick Times Columnist nwitimes.com
July 29, 2013 12:45 pm  • 

Zotec announces big acquisition

The CEO of Indianapolis-based Zotec Partners LLC says its $200 million acquisition of Georgia-based Medical Management Professionals Inc. will create the country's largest medical billing company. Scott Law also tells Inside INdiana Business the deal will "definitely" boost the company's Indiana work force, including additional IT and software development jobs. He says changes to the health care landscape, including the Affordable Care Act, continue to benefit the company as providers look for ways to lower costs.

 

Indy auto financing company purchased

An Indiana automotive sales and finance company has been acquired. Sunset Capital Assets Inc. in Nevada says the deal for Indianapolis-based Green Bear Solutions LLC is another step toward creating a national company.

 

Group proposes new charter school

Momentum Charter Academy Inc. is looking to locate a charter school in Fort Wayne. The organization has filed a letter of intent with the Indiana Charter School Board. A full proposal is due in August, with public hearings scheduled in September.

 

Owners shopping shuttered golf course

Property that includes a former Greenwood golf course is for sale. Our partners at the Daily Journal in Franklin report the old Walnut Ridge Golf Course, which closed last month, could find new life as a course or other development.

 

Sports injury initiative expands platform

The Datalys Center for Sports Injury Research and Prevention in Indianapolis is widening its scope. The organization is expanding its data collection platform to include youth, high school and amateur sports throughout the country.

 

Old National reports profit increase

Evansville-based Old National Bancorp is reporting a second-quarter profit of $28.5 million, compared to $27.2 million for the same period last year. The company says strong growth in its commercial loan business helped boost the bottom line.

 

Baseball academy launches fundraising effort

The World Baseball Academy in Fort Wayne has announced a $6.5 million fundraising campaign to revamp its facility. Plans call for new artificial turf fields, plus upgrades to parking lots, stands and press boxes.

 

Vectren secures natural gas supply contract

Evansville-based Vectren Corp. has entered into a long-term fixed price contract for natural gas. The utility says stable pricing conditions allowed it to land the 10-year deal with a national supplier.

 

Trine lands grant for physical therapy program

Trine University has received a $350,000 grant from Fort Wayne-based English, Bonter, Mitchell Foundation. The funding will support the launch of the Angola school's Professional Doctorate in Physical Therapy.

 

City building summit set for Indy

Organizers have announced plans for the second annual We Are City Summit in Indianapolis. Next month's event will focus on city improvement by examining challenges including sustainability, education and social justice.

 

CNO Financial posts profit increase

Carmel-based CNO Financial Group Inc. is reporting second quarter net income of $77.1 million, compared to $65.7 million during the same period the previous year. The company says sales increased 5 percent in the quarter.

 

Find more Indiana business news at www.InsideINdianaBusiness.com.

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