Health Care & Life Sciences

Oak Street Funding raises $50 million in new capital

September 5, 2009
 IBJ Staff
German group invests in Carmel-based company that specializes in financial services for insurance agencies.
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Health information exchanges begin sharing medical records

September 3, 2009
 IBJ Staff
The Indianapolis-based Indiana Health Information Exchange today began sharing electronic medical records with two similar organizations across a multi-regional network, the group announced this morning.
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Conseco consolidation to save $2.5M a year

August 31, 2009
 IBJ Staff
Conseco Inc. this morning said it is consolidating three of its insurers into one, a move that will have no impact on employment but will save the company about $2.5 million annually.
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Anthem, St. Francis reach agreement in principle

August 29, 2009
 IBJ Staff
The St. Francis hospital system has reached a tentative contract agreement with Anthem Blue Cross and Blue Shield of Indiana, ending a disagreement over insurance reimbursement costs, the parties said today.
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Exiting AgroSciences chief shook up strategy, cultureRestricted Content

August 29, 2009
Greg Andrews
Jerome Peribere shifted Dow AgroScience’s focus toward what he calls “revolutionary solutions."
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Venture firms recapitalize Advanced Physical Therapy LLC

August 29, 2009
 IBJ Staff
Locally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based bank Harris NA to recapitalize the state’s largest independent physical therapy provider.
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Monarch program persuades young, male workers to care about their healthRestricted Content

August 24, 2009
Marc D. Allan
Indianapolis-based Monarch Beverage is among hundreds of central Indiana companies that have introduced wellness programs to counteract the rising costs of health insurance and Worker’s Compensation.
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Health reform breaking WellPoint's way so farRestricted Content

August 24, 2009
J.K. Wall
With the Obama administration backing away from a government-run, "public" plan, the insurance industry faces a much smaller threat in the form of privately run insurance co-ops.

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My Health Care Manager looks to grow fastRestricted Content

August 24, 2009
J.K. Wall
Indianapolis-based startup My Health Care Manager has signed an agreement with Indianapolis-based WellPoint Inc. that will eventually put My Health Care Manager’s elder care service in front of the health insurer’s thousands of employer clients and their workers around the country.
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AIT Laboratories leaps up Inc.'s list

August 24, 2009
 IBJ Staff
The Indianapolis-based forensics, clinical and pharmaceutical testing firm now ranks 598, up from 1,466 a year ago. The list is based on percentage of revenue growth.
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INpact Medical Device Network matches start-ups with service providersRestricted Content

August 24, 2009
Chris O'Malley
Industry groups in the life sciences, medical and information technology realms have helped lure companies to the region and foster upstarts. Funding is almost always an issue, but it’s not the only barrier. Getting medical devices to market often requires product design, development and marketing resources that aren’t always apparent to upstarts.
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Docs offer varied cures for ailing health care systemRestricted Content

August 24, 2009
J.K. Wall
Indianapolis physicians are mixed on the merits of a government-run, "public" health insurance plan. How reforms might affect their pay is another major concern.
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Lennen, Ledyard named hospital presidents

August 21, 2009
 IBJ Staff
Community Health Network has chosen Anthony Lennen as president of Community Hospital South and Dr. Robin Ledyard as president of Community Hospital East, the health care system announced this morning.
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Lilly drops osteoporosis pipeline drug

August 18, 2009
J.K. Wall
Eli Lilly and Co. pulled the plug on yet another drug in its pipeline that was in the late stages of testing, further complicating the company’s attempts to find revenue before losing patent protection on its bestseller.
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New health center to carry Jane Pauley's name

August 18, 2009
 IBJ Staff
Community Health Network and the Metropolitan School District of Warren Township will open a new community health center inside the Renaissance School, at 30th Street and Post Road in Indianapolis, the two organizations announced today.
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Lilly pays $224,000 to area doctors

August 17, 2009
 IBJ Staff
It’s no secret that Eli Lilly and Co. is the biggest private employer in the Indianapolis area. But Lilly also supplemented the incomes of a few dozen local doctors — to the tune of more than $224,000 in just the first quarter.
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Glut of downtown office space grows

August 17, 2009
Cory Schouten
Safeco is leaving a five-building complex on North Meridian Street, and Eli Lilly and Co. has offered for lease its entire four-building Faris campus.

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Tenants trickling in to Purdue’s technology centerRestricted Content

August 17, 2009
Chris O'Malley
For a city feverishly growing its technology and life sciences sectors, it seemed a bit anticlimactic last January when Purdue University dedicated its new technology center with only one tenant. But the lone tenant in the $12.8 million complex, FlamencoNets, a high-tech telecommunications firm, is about to get some company.
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HICKS: Health care experts make poor economists

August 17, 2009
Mike Hicks
In almost every place that two or more Americans gather, health care is debated. Because the bills before Congress are inaccessible, the debate has shifted instead to principles such as the role of government and individual freedoms. I think this a healthy thing.
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DailyMed sales trim Arcadia losses

August 13, 2009
J.K. Wall
Arcadia Resources Inc. narrowed its losses in its most recent quarter as it started to accelerate sales in its highly-touted DailyMed program, the company said today.
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Abatement approval paves way for Covance jobs

August 12, 2009
Scott Olson
The Hancock County Council this morning unanimously approved a tax-incentive agreement that should lead Covance Inc. to add 315 jobs at its Greenfield Laboratories.
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Cook predicts blockbuster with new stent

August 12, 2009
J.K. Wall
Bloomington-based Cook Medical has won European approval for a new artery-opening device for the legs that it predicts will be a blockbuster.
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High-ranking WellPoint exec stepping down

August 11, 2009
J.K. Wall
WellPoint Inc.'s internal audit and chief compliance officer - and highest-ranking black executive - will leave the company later this month, according to a companywide e-mail sent out yesterday.
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Union sues Conseco over restatement

August 10, 2009
J.K. Wall
Carmel-based Conseco Inc. faces a shareholder lawsuit by a union pension fund over an earnings restatement the company made 18 months ago.
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Emerging life sciences companies grabbing more in government grantsRestricted Content

August 10, 2009
Chris O'Malley
More emerging life science companies have found life in the form of federal Small Business Innovation Research grants.
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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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