Business

Briefs: Gallagher acquires Intermountain

Posted December 13, 2007 10:00 pm

ITASCA -- Arthur J. Gallagher & Co. on Thursday announced the acquisition of Intermountain Financial Benefits, based in Salt Lake City, Utah. Terms of the transaction were not disclosed. Intermountain is an employee benefits insurance broker specializing in group life, accident, health, dental, retirement, long and short term disability and cafeteria plans. Gallagher is an Itasca-based insurance brokerage.

Nanosphere losses near $27 million

NORTHBROOK -- Molecular diagnostics firm Nanosphere Inc. on Thursday reported a quarterly loss of $26.97 million, versus a loss last year at this time of $4.6 million. Revenue fell by 57 percent, to $199,005. However, chief executive William Moffitt noted recent FDA approval of its testing product called the Verigene System as showing promise.

Article Comments

Article Categories
Business Communities Counties DuPage County Itasca Northbrook

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.