Health Care & Life Sciences

Hancock Regional Hospital goes after Geist market

November 14, 2009
Kathleen McLaughlin
The $7.8 million medical office building in McCordsville will allow the hospital to tap patients with private insurance.
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Health reform prods partnership of St. Vincent, OrthoIndy

November 13, 2009
J.K. Wall
The specter of declining reimbursement, as well as the desire for statewide growth, lie behind St. Vincent Health's decision to form a physician management firm with OrthoIndy and buy a minority stake in its Indiana Orthopaedic Hospital.
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St. Vincent, OrthoIndy form partnership

November 13, 2009
 IBJ Staff
St. Vincent Health has acquired a minority interest in Indiana Orthopaedic Hospital and is in discussions with OrthoIndy physicians and other independent doctors to create a management company that would oversee orthopaedic and spine services at St. Vincent Indianapolis. The health care providers announced the deal early Friday.
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Indiana near top in smoking survey; national rate rises

November 13, 2009
 IBJ Staff and Associated Press
A survey found cigarette smoking rose slightly on a national basis for the first time in almost 15 years and that Indiana had the second highest smoking rate among states.
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Hill-Rom's fourth quarter profit exceeds expectations

November 12, 2009
 IBJ Staff
The Batesville-based maker of hospital equipment reported profit of $26.4 million, or 42 cents per share, in the period ended Sept. 30.
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Vera Bradley gives another $10M to IU cancer center

November 12, 2009
 IBJ Staff
Previous gifts from the foundation to the cancer center have been used to hire 10 researchers working on breast cancer.
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Lilly to pay Utah $24 million to settle Zyprexa suit

November 11, 2009
Eli Lilly and Co. has agreed to pay Utah $24 million to settle a lawsuit claiming the company improperly marketed the antipsychotic drug Zyprexa.
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Lilly, WellPoint CEOs pin hopes on Senate

November 11, 2009
J.K. Wall
Drugmaker and health insurer bemoan aspects of House health reform bill and hope Senate crafts more industry-friendly bill.
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Council resurrects workplace smoking ban proposal

November 10, 2009
 IBJ Staff
Two weeks after reaching a stalemate on a proposal that would broaden the city's workplace smoking ban, City-Council Council members voted Monday night to resurrect the measure.
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Arcadia adds Goldsmith to board, seeks $11M in offering

November 9, 2009
J.K. Wall
Indianapolis-based Arcadia Resources Inc. has added former Indianapolis Mayor Steve Goldsmith to its board and plans to raise $11.1 million in a registered direct stock offering.
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Struggling Bioanalytical Systems adds outsider to boardRestricted Content

November 7, 2009
Peter Schnitzler
Shareholders are starting to make inroads in their effort to turn struggling West Lafayette-based Bioanalytical Systems Inc. in a new direction.
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Catholic-owned builder edges into IndianapolisRestricted Content

November 7, 2009
Norm Heikens
When Sisters of St. Francis Health Services Inc. bought Tonn and Blank Construction Co. in 1998, more than one employee of the Michigan City firm wondered what it would be like to be run by a Roman Catholic order that not only owned a string of Midwestern hospitals but also traced its spiritual heritage to a 12th century mystic.
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WellPoint, Obama administration battle over cost of health reform to employers

November 7, 2009
 IBJ Staff
At this point in the health reform debate, you have to take numbers from any side with a grain of salt. That said, Indianapolis-based WellPoint Inc. has done perhaps the only local analysis of how proposed reforms would affect the cost of health insurance for employers.
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IUPUI mulling options for old Wishard Hospital siteRestricted Content

November 7, 2009
J.K. Wall
The most obvious use for the old Wishard site is an expansion of the Indiana University School of Medicine, particularly for medical research space, university administrators said.
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UPDATE: Life science firm to add 100 jobs at Park 100

November 6, 2009
 IBJ Staff
California-based life science firm Beckman Coulter Inc. is moving its precision plastics injection molding operation to the Park 100 business park on Indianapolis' northwest side, making what it calls a multimillion-dollar investment in the operation.
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Daniels blasts House health bill

November 5, 2009
J.K. Wall
In letter to Indiana congressmen, the governor says the reform bill would kill jobs with 'enormous' new taxes.
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Conseco reports $15.4 million profit in third quarter

November 4, 2009
J.K. Wall
The Carmel-based life insurer's third-quarter results exceeded Wall Street analysts' predictions.
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Senate probing WellPoint, others over small-biz rates

November 4, 2009
 IBJ Staff and Associated Press
The Senate health care committee is investigating how health insurers, including Indianapolis-based WellPoint Inc., price the coverage they sell to small businesses.
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Work on new Wishard Hospital set to start next week

November 4, 2009
J.K. Wall
After winning 83-percent support for $754 million hospital, Wishard officials hope to sell bonds, pick construction firm by year's end.
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WellPoint, White House sling reform studies

November 4, 2009
J.K. Wall
Health insurer says premiums would fall for local employers with unhealthy workers, but costs would rise for firms with average or healthy workers.
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New Wishard gets overwhelming approval in referendum

November 3, 2009
 IBJ Staff
Unofficial results from Tuesday night's special election show more than eight out of 10 Marion County voters supporting a new $754 million hospital for Wishard Health Services.
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Wishard receives $6 million gift from Fairbanks

November 3, 2009
The Wishard Foundation said it has received a $6 million grant from the Richard M. Fairbanks Foundation that will be used to help fund construction of a new Wishard Hospital, if Marion County voters approve the project.
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Lilly reducing sales force by 191 as part of larger restructuring

November 2, 2009
Eli Lilly and Co. has notified the state that it plans to eliminate 191 sales jobs as part of a company-wide restructuring announced in September that ultimately will result in 5,500 job cuts by the end of 2011.
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Wishard hopes to overcome taxpayer skepticism in referendum

November 2, 2009
J.K. Wall
Tuesday's vote will determine if Marion County Health & Hospital Corp. can sell up to $703 million in taxpayer-backed bonds to replace the county-owned hospital.
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Health insurer Anthem's market share swells

October 31, 2009
J.K. Wall
Indianapolis-based WellPoint Inc.'s Anthem Blue Cross and Blue Shield subsidiary claimed 42.5 percent of central Indiana residents covered by private health insurance this year, up from 35-percent last year, according to a market research firm.
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