Health Care & Life Sciences

Hill-Rom profit drops, beat expectations

August 7, 2009
Hill-Rom Holdings Inc. topped analysts' expectations in its fiscal third quarter even as hospital-spending cuts clipped its revenue by 9 percent, the company announced late yesterday.
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Conseco profit at high end of estimates

August 4, 2009
J.K. Wall
Conseco Inc. recorded profit at the high-end of its preliminary estimates, the company announced today.
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Lilly offering buyouts to 4,000 sales reps

August 4, 2009
Indianapolis-based Eli Lilly and Co. today said it is offering buyouts to its U.S. sales force, with hopes of trimming about 300 sales representatives before a sales restructuring set to begin in January, Reuters reported.
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A new centerpiece for city's convention strategy: medical, science groupsRestricted Content

August 3, 2009
Anthony Schoettle
The Indianapolis Convention and Visitors Association is putting together an all-star corporate consortium to make the city a hub for medical and life sciences conventions, meetings and trade shows. The ICVA began running the initiative full-speed this year and already has signed deals to bring 40 medical meetings to Indianapolis through 2015, including annual meetings for the American Association of Diabetes Educators in 2012 and the American College of Sports Medicine and American Chemical Society in 2013.
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Lilly software spinoff Maaguzi sells for $11 millionRestricted Content

August 3, 2009
Chris O'Malley
Investors in a company built around clinical research software bought from Eli Lilly and Co. have found their exit, though it’s far from the lucrative payoff they’d once imagined.
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Dow Chemical seems poised to keep AgroSciencesRestricted Content

August 3, 2009
Peter Schnitzler
Midland, Mich.-based Dow Chemical Co. is still considering divesting Indianapolis subsidiary Dow AgroSciences LLC. But chances that the chemical manufacturing giant will sell its local agricultural chemical and biotech unit appear to have decreased.
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Lilly's Effient launch just one of its many challengesRestricted Content

August 3, 2009
Greg Andrews
Eli Lilly and Co. has blasted past analysts’ earnings projections for two straight quarters. But if Lilly officials take that as a sign they can breathe easier, they need only flip through a stack of Wall Street research reports on the company.
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Is Indiana coming out of venture capital swoon?

August 3, 2009
 IBJ Staff
Carmel-based Dormir LLC’s announcement July 29 of $12 million in venture financing was the second local life sciences deal announced in July. It could suggest a turnaround from a woeful second-quarter performance, when Indiana life sciences firms announced zero venture capital deals.
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Arcadia hopes health care reform means more revenueRestricted Content

August 3, 2009
J.K. Wall
The CEO of Indianapolis-based Arcadia Resources said the environment is perfect for his company's fast-growing DailyMed service.
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Dow Agro sale still possible, but less likely

July 30, 2009
Peter Schnitzler
Midland, Mich.-based Dow Chemical Co. is still considering divesting Indianapolis subsidiary Dow AgroSciences LLC. But chances that the chemical manufacturing giant will sell its local agricultural chemical and biotech unit have decreased.
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Investments propel Baldwin & Lyons profit

July 30, 2009
Baldwin & Lyons Inc. said today that its profit last quarter was the second-highest in company history, as investment gains from recovering equity markets helped boost performance.
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WellPoint stock falls despite quarterly profit

July 29, 2009
J.K. Wall
WellPoint Inc. shares slipped in morning trading after the company beat analysts’ expectations for second-quarter profits but failed to raise its year-end earnings forecast. WellPoint earned $1.50 per share in the latest quarter, excluding investment losses. Analysts were expecting $1.43 per share, according to a survey by Thomson Financial Network.
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Conseco shares jump after profit report

July 29, 2009
J.K. Wall
Shares of Conseco Inc. soared today in response to the company’s preliminary report of second-quarter profits. The Carmel-based insurer’s stock price jumped as much as 53 percent, to $2.91, before settling a bit in the afternoon.
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Carmel's Dormir raises $12M from venture capital firms

July 29, 2009
J.K. Wall
Carmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million in venture capital from three out-of-state firms. The company plans use the proceeds to acquire six to 10 companies this year and more next year, according to CEO Tim Miller.
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Carmel's Dormir raises $12M from VC firms

July 29, 2009
J.K. Wall
Carmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million in venture capital from three out-of-state firms.
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Dow AgroSciences names new CEO

July 29, 2009
Chris O'Malley, J.K. Wall
Indianapolis-based Dow AgroSciences LLC will have a new CEO after its parent organization moves Jerome Peribere into a new position, the company announced today. Antonio Galindez, 54, vice president of Dow AgroSciences' crops business, will step into the top job.
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Conseco says profit in line with estimates

July 28, 2009
J.K. Wall
Conseco Inc. said it would meet analysts’ expectations for the second quarter by posting earnings of at least 22 cents per share, before investment losses. The Carmel-based health insurer announced the preliminary financial results today after the market closed.
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Lilly cancels trials for experimental MS drug

July 28, 2009
J.K. Wall
Eli Lilly and Co. and a development partner has canceled clinical trials on an experimental drug to treat multiple sclerosis after the drug failed to delay progression of the disease in trial patients.
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Grain Dealers Mutual merges with Florida firm

July 28, 2009
Scott Olson
Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning.
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St. Francis buys big cardiology practiceRestricted Content

July 27, 2009
J.K. Wall
As concern grows among medical providers that health care reform augurs lower payments, St. Francis Hospital & Health Centers has agreed to absorb a large group of cardiologists that bring lucrative heart patients to its facilities.
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Potential obesity breakthrough boosts Marcadia

July 20, 2009
J.K. Wall
Favorable article in prestigious journal could draw attention to Carmel biotech startup.
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Health care marketers taking the pulse of consumers' online habitsRestricted Content

July 20, 2009
Christina Galoozis
Health care marketers can adapt to, and even use to their advantage, the online search habits of consumers. Understanding when and why people search for specific health-related terms is vital to attracting more visitors (i.e. patients) to a Web site.
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State law aims to attract doctors to areas in need of careRestricted Content

July 20, 2009
Scott Olson
A state law that went into effect July 1 attempts to attract young physicians and mental health practitioners to underserved areas by forgiving part of their student loans. But Indiana’s budget woes prevented lawmakers from allocating funds to support the program.
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BATTEN: FTC could resolve antitrust concerns on health care reformRestricted Content

July 20, 2009
Linda M. Batten
President Obama recently announced a cooperative initiative where health care industry leaders plan to work together to reform the ailing health care system. Shortly after that announcement, the national media machine spawned considerable concern among several health care groups that the cooperative effort might violate federal antitrust laws for collusion and price fixing among competitors.
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Drug industry funds Democrat-led panel on health care reformRestricted Content

July 20, 2009
J.K. Wall
The pharmaceutical industry—which for two decades has given twice as much in campaign donations to Republicans as Democrats—organized a panel composed mostly of Democrats this month in Indianapolis to argue its position on health care reform.
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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.

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