Health Care

Express Scripts’ Medco deal may be delayed by potential suit

March 19, 2012
 IBJ Staff and Bloomberg News
Express Scripts Inc.’s bid to acquire Medco Health Solutions Inc. and create the largest U.S. pharmacy-benefits manager may be delayed by a lawsuit being considered by five states.
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COLVIN: Get ready for a perfect storm in Worker's Compensation

March 17, 2012
Ryan Colvin / Special to IBJ
Rates are set to rise as insurers increasingly note the link between older workers' health and productivity.
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FTC asks critics of Express Scripts-Medco deal for ideas

March 10, 2012
Bloomberg News
Two pharmacy groups opposing Express Scripts Inc.’s proposed acquisition of Medco Health Solutions Inc. said they were asked by the U.S. Federal Trade Commission to suggest ways to revise the $29.1 billion deal so it wouldn’t harm competition.
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Lilly to try again to remove poison-pill provisions

March 6, 2012
J.K. Wall
Eli Lilly and Co.'s board is once again recommending the removal of a provision that makes the company an almost impossible target for hostile takeovers. The same proposal has fallen slightly short at each of the past two annual shareholder meetings.
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Franciscan pulls back Greenwood plans

March 5, 2012
J.K. Wall
Franciscan St. Francis Health said its plans to build an emergency room and physician office building in Greenwood are on hold due to uncertainty over the effects of health care reform.
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Arcadia: Don't buy our stock

March 5, 2012
J.K. Wall
Arcadia Resources Inc. is telling shareholders not to buy its stock because it is out of cash and faces a $40 million pile of debt that comes due on April 1.
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FDA removes hurdle in Endocyte's path to drug approval

March 5, 2012
J.K. Wall
Endocyte Inc. can start enrolling patients again in a clinical trial of its experimental cancer drug, the company announced Monday, clearing away a hurdle to getting the drug approved in Europe.
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Anthem seeking state rule change allowing doctors to practice onlineRestricted Content

March 3, 2012
J.K. Wall
Anthem Blue Cross and Blue Shield has renewed its push to bring online care to the Indiana market, including video. It has asked the state’s Medical Licensing Board to relax a 2003 rule that stands in its way.
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IU Health names Kitchell chief financial officer

February 28, 2012
J.K. Wall
Ryan Kitchell, 38, replaces Marvin Pember, who left in July to take an executive position with Philadelphia-based hospital system Universal Health Services Inc.
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Study: Indy hospitals charge 'excess' prices

February 27, 2012
J.K. Wall
The Big 3 automakers spent 35 percent more in the Indianapolis area to provide health care for workers and non-elderly retirees than they did in other auto-heavy cities—and two-thirds of that difference can be blamed on “excess prices” by Indianapolis hospitals.
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SynCare files anticipated bankruptcy

February 22, 2012
The once fast-growing, Indianapolis-based disease-management company listed in court papers on Tuesday liabilities of nearly $5.7 million and assets of just $125,864.
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Developer plans $15.7M senior-living center on east side

February 17, 2012
Scott Olson
The city of Indianapolis approved the project after accepting Mainstreet Property Group's offer to purchase the property at 16th Street and Arlington Avenue for $912,500.
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Indiana measles outbreak illustrates disease risk

February 15, 2012
Associated Press
Indiana is battling its second measles outbreak in two years, even though its vaccination rate exceeds the national average. Health officials say the cases, traced to a Super Bowl event, illustrate just how vulnerable the public is to exposure from sources at home and abroad.
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Lawsuit filed over denial of senior's home care

February 8, 2012
 IBJ Staff and Associated Press
A Carmel-based health insurer once owned by Conseco Inc. is being sued for refusing to pay claims for in-home care submitted by California senior citizens.
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Drugmakers singing same song: 2012 will be tough

February 2, 2012
Associated Press
For drugmakers, the golden era of the 1990s and early part of the last decade, when they seemed to effortlessly churn out new multibillion-dollar pills for the masses along with double-digit quarterly profit increases, is not even in the rearview mirror any more.
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Lilly eying deal with Turkish drug company

January 31, 2012
Bloomberg News
Eli Lilly and Co. is among about a half-dozen companies interested in buying a stake in Mustafa Nevzat Ilac Sanayii AS in a deal that may value the Turkish drugmaker at $1 billion, sources say.
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Community agrees to absorb Howard Regional

January 31, 2012
J.K. Wall
Kokomo’s Howard Regional Health System has signed a letter of intent to join the Community Health Network less than four months after it broke off a merger deal with Indiana University Health.
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Gallagher sees more broker mergers coming

January 30, 2012
J.K. Wall
The Carmel office of Arthur J. Gallagher & Co. just made its sixth acquisition in five years, and it expects looming changes to tax and health laws to produce even more chances to snap up benefits brokers this year.
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Lilly's ex-partner wins FDA approval for diabetes drug

January 29, 2012
Bloomberg News
Amylin Pharmaceuticals Inc. and Alkermes Plc have gained U.S. clearance for Bydureon, a once-weekly diabetes shot. Eli Lilly and Co. co-developed the drug, but ended its partnership with Amylin last year.
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UPDATE: WellPoint to boost primary-care pay

January 27, 2012
Associated Press
Health insurer WellPoint Inc. plans to improve primary care reimbursement and start paying for care management it doesn't currently cover, changes that could give patients more quality time with their doctors.
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Indiana House backs broader ban on synthetic drugs

January 26, 2012
Associated Press
The Indiana House has approved a bill that would broaden the state's ban on synthetic drugs to include compounds nicknamed "bath salts" and others that mimic marijuana.
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WellPoint earnings fall well short of analysts' expectations

January 25, 2012
J.K. Wall
The Indianapolis-based health insurer reported earnings of $335.3 million, or 96 cents per share, down 39 percent from the same quarter a year ago.
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Eli Lilly unit plans to buy feed-enzyme maker

January 24, 2012
Associated Press
Drugmaker Eli Lilly and Co.'s Elanco animal health division plans to buy a privately held maker of feed-enzyme products that improve poultry, egg and meat production.
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Deal with Walgreen perplexes Arcadia's investorsRestricted Content

January 21, 2012
J.K. Wall
Something doesn’t add up about Arcadia Resources Inc.’s agreement to sell its pharmacy business for a low price of $2 million, according to many of the Indianapolis company’s investors.
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French breast-implant recall could sway U.S. device debate

January 19, 2012
Bloomberg News
U.S. medical device makers have spent the last year urging government officials to approve high-risk products faster, like their European counterparts. A scandal over leaking breast implants made in France, however, may make the argument more difficult.
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