Health Care & Insurance

Analyst: Arcadia sales poised to take off

August 4, 2010
J.K. Wall
Arcadia Resources’ DailyMed business will grow revenue 10-fold in the next three years and push the Indianapolis-based company into profitability, according to a research report by the first analyst to officially cover the company.
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CNO Financial profits surge 20 percent, beating expectations

August 3, 2010
J.K. Wall
The Carmel-based life and health insurer earned $33.1 million in the three months ended June 30, or 12 cents per diluted share. Excluding losses on investments and retired debt, the company would have earned 16 cents per share.
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Wellness-based development would be first of kind here

August 3, 2010
Tom Harton
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
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WellPoint, peers focus on health reform rules, campaign

August 3, 2010
Bloomberg News
WellPoint Inc., UnitedHealth Group Inc. and three other health insurers, criticized by Democrats during the health care reform debate, are seeking to influence how the new law will be implemented, and possibly change it, by campaigning for supportive congressional candidates.
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Senator asks Zimmer for info about product complaints

July 31, 2010
Bloomberg News
Inquiry stemmed from an article in the New York Times about a dispute between the Warsaw-based maker of artificial hip and knee joints and two of its consultants.
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Lilly among bidders for Denmark company, source says

July 30, 2010
Bloomberg News
Copenhagen-based health-care company Ascendis Pharma A/S received offers of about $400 million, an unidentified source said. Ascendis may choose a final bidder by early September.
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Hill-Rom raises profit forecast after quarterly earnings jump

July 29, 2010
J.K. Wall
The Batesville-based maker of hospital beds and furniture announced Wednesday night that it earned $30.6 million in its third quarter, up from $20.2 million in the same quarter of 2009.
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Baldwin profit falls on smaller investment returns

July 29, 2010
J.K. Wall
The Indianapolis-based insurer of truck and car fleets earned $5 million in the quarter ended June 30, down from $14.2 million in the same quarter a year ago.
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Investors fear insurers' rosy outlook will boost regulators' scrutiny

July 29, 2010
Bloomberg News
Indianapolis-based WellPoint Inc. became the third U.S. health insurer this month to increase its 2010 profit forecast, stirring investor concern that state and federal regulators may increase scrutiny of industry pricing.
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Exchanges sprout around the country

July 28, 2010
J.K. Wall
When the Indiana Health Information Exchange launched in 2004, it was one of nine truly operational exchanges around the country. Today, the Indianapolis-based organization is one of 73, according to the latest national survey by the eHealth Initiative.
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WellPoint gains confidence as profits rise

July 28, 2010
J.K. Wall
The Indianapolis-based health insurer raised its full-year profit forecast after it earned $722.4 million, 4 percent higher than during the same quarter a year ago. Revenue and health plan membership fell.
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Survey: Many hospital patients in dark about debt-relief options

July 26, 2010
J.K. Wall
Marion County survey finds 80 percent of respondents in debt to local hospitals, with about half saying they were never informed about the availability of charity care or payment plans.
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Lilly completes $180 million acquisition of Alnara

July 21, 2010
Massachusetts-based Alnara Pharmaceuticals Inc. is a privately held company developing an enzyme-replacement therapy for disorders of the pancreas.
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Medicare driving health care hookups

July 21, 2010
J.K. Wall
The scramble by local hospitals to form their physicians and facilities into “clinically integrated” networks that can do business with employers and health insurers has another huge motivating factor: Beginning January 2012, they can also do business with Medicare, the massive federal program for seniors.
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Health care reform means changes for Indiana employersRestricted Content

July 17, 2010
Norm Heikens, Scott Olson, J.K. Wall
Nearly four months after President Barack Obama signed a health reform bill into law, businesses are still grappling with its impact on the health benefits they offer their employees.
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Indiana Medicaid chief: Feds leave states in dark

July 15, 2010
Associated Press
Indiana and other states face a struggle as they grapple with putting the health care changes into place in a relatively short span of time while they also contend with the economic downtown and strained state budgets.
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Lilly reveals plans to cut 340 IT jobs

July 15, 2010
J.K. Wall
The Indianapolis-based drugmaker eliminated 140 information technology jobs in June through retirements, resignations and some cuts. Another 115 cuts will be made this month, and the remainder by the end of the year.
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Hilbert mansion to be auctioned

July 14, 2010
Kathleen McLaughlin
CNO Financial Group Inc. will resort to a sealed-bid auction to unload the lavish Hilbert mansion in Carmel, which has been on the market for five years. Its latest asking price was $9.9 million.
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Lilly, Roche dive deep into diagnostics

July 14, 2010
J.K. Wall
Two Indianapolis giants—Eli Lilly and Co. and Roche Diagnostics—are working hard to pair up drugs and diagnostic tests to gin up more sales.
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WellPoint strikes up chat on health reform

July 14, 2010
J.K. Wall

WellPoint Inc. is turning from opponent of the health care reform law passed in March to “trusted adviser.” It launched a website, healthychat.com, where company representatives answer customers’ questions about the new health reform law.

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Lilly's Alzheimer's gamble takes aim at $10 billion in patent losses

July 13, 2010
Bloomberg News
Both of Lilly's late-stage treatments are designed to reduce plaque in the brain called beta amyloid, thought by researchers to be a main contributor to Alzheimer's. A drug that stops or reduces memory loss caused by Alzheimer's may be worth more than $5 billion a year, an analyst says, helping Lilly overcome the coming patent losses on several important pharmaceuticals.
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Lilly to cut 170 manufacturing jobs by year's end

July 12, 2010
J.K. Wall
Eli Lilly and Co. will cut 170 jobs—mostly in Indianapolis—from its manufacturing and quality division by the end of the year as it continues its efforts to slim down before losing revenue from patent expirations on its bestselling drugs.
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Hospitals see dip in charity care after 2008

July 10, 2010
J.K. Wall
Unemployment in Indiana has moderated slightly, but more than 313,000 Hoosiers remain out of work. And with attempts to extend benefits for the jobless stalled in Congress, it’s likely more people will struggle to pay medical bills.
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PROXY CORNER: Baldwin & Lyons Inc.

July 10, 2010
 IBJ Staff
Baldwin & Lyons Inc. provides property-and-casualty insurance for various industries, including trucking.
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Regenstrief names new CEO

July 8, 2010
J.K. Wall
Dr. Bill Tierney will replace Dr. Tom Inui on Oct. 1 at helm of Indianapolis-based medical research organization.
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  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

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