July 29, 2017 at 3:15 a.m.
Fisher earns several awards
Business roundup
Fisher earns several awards
Fisher Meats won several awards at the American Cured Meat Championships in Lexington, Kentucky, this month.
The company brought home grand champion for hot dogs, reserve grand champion for bologna and braunschweiger, champion for bacon and reserve champion for boneless ham and boneless turkey breast.
Sixty-eight plants participated in the nationwide competition from July 20 to 22 this year, entering 669 products altogether.
Janice Fisher was also awarded the 2017 American Association of Meat Processors Outstanding Service Awards at the event for her role as executive secretary of the Indiana Meat Packers & Processors Association. She was recognized for leadership of and dedication to the association.
Fish farm sold
Bell Aquaculture fish farm in Albany has been purchased by a Massachusetts biotech company.
AquaBounty Technologies, of Maynard, Massachusetts, purchased the fish farm for $14 million. The company plans to raise genetically engineered salmon at the farm, The Star Press (Muncie) reported. AquaAdvantage Salmon is ready for harvest earlier than non-engineered fish.
Bell Aquaculture previously produced trout, perch and coho salmon.
AquaBounty Technologies will employ approximately 30 people at the Albany farm, with about $10 million in sales. Salmon production is slated to begin in the second quarter of 2018 and the first harvest will take place in the second half of 2019.
Certified
Two Jay County Hospital doctors have been re-certified by the American Board of Family Medicine.
Dr. Frank Vormohr and Dr. Jerry Whetzel recently passed the Family Medicine Certification exam, which must be taken every 10 years to maintain certification by the American Board of Family Medicine. Other requirements include maintaining a valid state medical license and remaining in compliance with board guidelines.
Vormohr, a lifelong Jay County resident, has worked at JCH since 1988. Whetzel has worked for JCH since 2000.
Rate increase
Indiana Michigan Power is proposing a rate increase as part of its plan to reduce power outages.
The Building the Future plan would raise rates in two phases, first in summer 2018 and then early 2019, eventually increasing by 19.7 percent. Additionally, the current fixed charge of $7.30 would increase to $18.
These increases would help pay for trimming and clearing of trees and vegetation by power lines, the No. 1 source of power outages for I&M customers, according to a press release. The company would also place stronger poles and wires that will better withstand weather events and reduce outages.
The plan, which would generate $263 million for I&M, awaits approval by the Indiana Utility Regulatory Commission.
Most wired
Reid Health in Richmond has been recognized as one of the nation’s “Most Wired Hospitals” by the American Hospital Association’s Health Forum.
The designation highlights technology use to connect providers with patients and the integration of information to improve patient care. The 19th annual Most Wired survey examined 2,158 hospitals.
Practices at Reid Health that earned it the recognition are allowing patients to make prescription requests on mobile devices, the use of telehealth, virtual physician visits and real-time care management at patients’ homes for diabetes and congestive heart failure, among others.
This is the fourth year in a row and the 10th time since 2004 that Reid Health has received the recognition.
Named CMO
Dr. Pete Voss has been hired as IU Health East Central Region’s chief medical officer.
The east central region includes IU Health Ball Memorial Hospital in Muncie.
Voss is an obstetrician/gynecologist and specializes in minimally invasive surgery. He received his bachelor’s degree from Brown University and attended Indiana University School of Medicine.
Voss has worked for IU Health Ball Memorial Hospital for 26 years.
Chosen as CEO
Chuck Croft has been hired as the new CEO of DRG, the Berne-based parent company of Annie’s and SFG.
Annie’s is a direct-to-consumer media company and SFG is a technology and marketing services business. DRG is owned by the Muselman family of Berne.
Croft has been on the DRG board since 2016, according to a company press release. He previously worked for Kalmbach Publishing Co. for 18 years and was on the MPA-The Association of Magazine Media’s IMAG advisory board for nine years. He most recently was the vice president of finance and administration for the Milwaukee Rescue Mission.
Merger planned
MainSource Bank and First Financial bank announced plans for a merger of the two companies.
MainsSource Bank, based in Greensburg, Ind., has several locations in Portland. First Financial Bank is based in Cincinnati.
The combined company will be worth about $13 billion. MainSource Bank’s headquarters will eventually move to Cincinnati, the Dayton Daily News reported, as the combined banks will operate as First Financial.
First Financial shareholders will own approximately 63 percent of the company, with Mainsource Bank owning the remainder. The transaction is expected to be completed in early 2018.
Commitment
Tom Hayes, president and CEO of Tyson Foods Inc., joined the CEO Action for Diversity & Inclusion.
Tyson Foods Inc. is the parent company of Tyson Mexican Original in Portland.
CEO Action for Diversity and Inclusion is the largest CEO-driven commitment to diversity, according to a Tyson press release.
“As part of our core values, we strive to treat each other with dignity and respect every day,” said Hayes in a prepared statement.
Adds line
Walgreens is adding a U.K. brand to its cosmetics department this month.
The company recently announced that it will begin stocking Sleek MakeUP this month, starting in 150 stores in the U.S. The line is already available online on Walgreens’ website.
Sleek MakeUP was started in London after a beauty entrepreneur noticed that women of color had limited cosmetics options, according to a Walgreens press release. The brand emphasizes inclusivity in its products. Walgreens Boots Alliance purchased the company in 2015.
Upgrading
Coca-Cola announced Wednesday that it is upgrading its no-calorie drink Coca-Cola Zero.
The product’s new name will be Coca-Cola Zero Sugar, and it will have a new recipe that will taste more like regular Coca-Cola, according to a press release. It will also have an updated design.
It has already been distributed in Europe and Mexico. Coca-Cola Zero Sugar will be available in the U.S. in August.
The company brought home grand champion for hot dogs, reserve grand champion for bologna and braunschweiger, champion for bacon and reserve champion for boneless ham and boneless turkey breast.
Sixty-eight plants participated in the nationwide competition from July 20 to 22 this year, entering 669 products altogether.
Janice Fisher was also awarded the 2017 American Association of Meat Processors Outstanding Service Awards at the event for her role as executive secretary of the Indiana Meat Packers & Processors Association. She was recognized for leadership of and dedication to the association.
Fish farm sold
Bell Aquaculture fish farm in Albany has been purchased by a Massachusetts biotech company.
AquaBounty Technologies, of Maynard, Massachusetts, purchased the fish farm for $14 million. The company plans to raise genetically engineered salmon at the farm, The Star Press (Muncie) reported. AquaAdvantage Salmon is ready for harvest earlier than non-engineered fish.
Bell Aquaculture previously produced trout, perch and coho salmon.
AquaBounty Technologies will employ approximately 30 people at the Albany farm, with about $10 million in sales. Salmon production is slated to begin in the second quarter of 2018 and the first harvest will take place in the second half of 2019.
Certified
Two Jay County Hospital doctors have been re-certified by the American Board of Family Medicine.
Dr. Frank Vormohr and Dr. Jerry Whetzel recently passed the Family Medicine Certification exam, which must be taken every 10 years to maintain certification by the American Board of Family Medicine. Other requirements include maintaining a valid state medical license and remaining in compliance with board guidelines.
Vormohr, a lifelong Jay County resident, has worked at JCH since 1988. Whetzel has worked for JCH since 2000.
Rate increase
Indiana Michigan Power is proposing a rate increase as part of its plan to reduce power outages.
The Building the Future plan would raise rates in two phases, first in summer 2018 and then early 2019, eventually increasing by 19.7 percent. Additionally, the current fixed charge of $7.30 would increase to $18.
These increases would help pay for trimming and clearing of trees and vegetation by power lines, the No. 1 source of power outages for I&M customers, according to a press release. The company would also place stronger poles and wires that will better withstand weather events and reduce outages.
The plan, which would generate $263 million for I&M, awaits approval by the Indiana Utility Regulatory Commission.
Most wired
Reid Health in Richmond has been recognized as one of the nation’s “Most Wired Hospitals” by the American Hospital Association’s Health Forum.
The designation highlights technology use to connect providers with patients and the integration of information to improve patient care. The 19th annual Most Wired survey examined 2,158 hospitals.
Practices at Reid Health that earned it the recognition are allowing patients to make prescription requests on mobile devices, the use of telehealth, virtual physician visits and real-time care management at patients’ homes for diabetes and congestive heart failure, among others.
This is the fourth year in a row and the 10th time since 2004 that Reid Health has received the recognition.
Named CMO
Dr. Pete Voss has been hired as IU Health East Central Region’s chief medical officer.
The east central region includes IU Health Ball Memorial Hospital in Muncie.
Voss is an obstetrician/gynecologist and specializes in minimally invasive surgery. He received his bachelor’s degree from Brown University and attended Indiana University School of Medicine.
Voss has worked for IU Health Ball Memorial Hospital for 26 years.
Chosen as CEO
Chuck Croft has been hired as the new CEO of DRG, the Berne-based parent company of Annie’s and SFG.
Annie’s is a direct-to-consumer media company and SFG is a technology and marketing services business. DRG is owned by the Muselman family of Berne.
Croft has been on the DRG board since 2016, according to a company press release. He previously worked for Kalmbach Publishing Co. for 18 years and was on the MPA-The Association of Magazine Media’s IMAG advisory board for nine years. He most recently was the vice president of finance and administration for the Milwaukee Rescue Mission.
Merger planned
MainSource Bank and First Financial bank announced plans for a merger of the two companies.
MainsSource Bank, based in Greensburg, Ind., has several locations in Portland. First Financial Bank is based in Cincinnati.
The combined company will be worth about $13 billion. MainSource Bank’s headquarters will eventually move to Cincinnati, the Dayton Daily News reported, as the combined banks will operate as First Financial.
First Financial shareholders will own approximately 63 percent of the company, with Mainsource Bank owning the remainder. The transaction is expected to be completed in early 2018.
Commitment
Tom Hayes, president and CEO of Tyson Foods Inc., joined the CEO Action for Diversity & Inclusion.
Tyson Foods Inc. is the parent company of Tyson Mexican Original in Portland.
CEO Action for Diversity and Inclusion is the largest CEO-driven commitment to diversity, according to a Tyson press release.
“As part of our core values, we strive to treat each other with dignity and respect every day,” said Hayes in a prepared statement.
Adds line
Walgreens is adding a U.K. brand to its cosmetics department this month.
The company recently announced that it will begin stocking Sleek MakeUP this month, starting in 150 stores in the U.S. The line is already available online on Walgreens’ website.
Sleek MakeUP was started in London after a beauty entrepreneur noticed that women of color had limited cosmetics options, according to a Walgreens press release. The brand emphasizes inclusivity in its products. Walgreens Boots Alliance purchased the company in 2015.
Upgrading
Coca-Cola announced Wednesday that it is upgrading its no-calorie drink Coca-Cola Zero.
The product’s new name will be Coca-Cola Zero Sugar, and it will have a new recipe that will taste more like regular Coca-Cola, according to a press release. It will also have an updated design.
It has already been distributed in Europe and Mexico. Coca-Cola Zero Sugar will be available in the U.S. in August.
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