Hospitals

Wishard debt $80M below 'best' scenario

March 17, 2010
J.K. Wall
Historically low bond rates will help the parent corporation of Wishard Health Services build hospital for less money than expected.
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St. Francis acquires orthopedic surgery practice

March 16, 2010
J.K. Wall
St. Francis Hospital & Health Centers has acquired Joint Replacement Surgeons of Indiana, a six-doctor practice that operates in St. Francis' Mooresville hospital.
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Community Health Network Foundation names new CEO

March 15, 2010
 IBJ Staff
Michele Thomas Dole has been a wealth adviser at JP Morgan Chase and development director of the IU Foundation.
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Study: Hospital clout spurs higher Calif. health costs

February 26, 2010
Bloomberg News
While insurers get the blame for rising health-care costs for consumers, surging fees from hospitals and the growing dominance of such providers may be just as responsible for driving up expenses, according to a new study examining California's market.
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Vortek Surgical moving HQ to Brownsburg, adding 60 jobs

February 18, 2010
 IBJ Staff
Indianapolis-based Vortek Surgical LLC will relocate to Brownsburg, expanding its headquarters, manufacturing and distribution operations and creating more than 60 jobs in the next three years.
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Clarian, IU plan $100 million neurosciences center

February 13, 2010
J.K. Wall
Clarian Health and the Indiana University School of Medicine want their planned neurosciences hub to become a destination for patients suffering from brain, nerve and mental maladies—and for the government and industry research dollars that can fuel advances in care.
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Wishard parent 'ecstatic' about cheap debt - so far

February 13, 2010
 IBJ Staff
The Health & Hospital Corporation of Marion County got good news in its first round of borrowing to finance a new Wishard Hospital: so far, it is paying less than planned.
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WellPoint: More employers involved in provider talksRestricted Content

February 6, 2010
J.K. Wall
Employer activism is on the rise when it comes to keeping hospitals honest in their negotiations with health insurers. Executives at Indianapolis-based WellPoint say more employers are airing their displeasure when hospital systems ask for double-digit reimbursement increases.
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City lists former Winona Hospital for sale

February 4, 2010
Peter Schnitzler
Indianapolis' Metropolitan Development Commission sets $667,500 minimum price for the long-vacant property at Meridian and 32nd Streets.
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St. Vincent to buy Care Group, city's largest cardiology practice

January 30, 2010
J.K. Wall
St. Vincent Health is near an agreement to take over The Care Group LLC, the city's largest independent physician practice and largest cardiology group in the nation.
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Indianapolis hospitals extending reach statewide

January 23, 2010
J.K. Wall
St. Vincent Health's agreement to lease the county hospital in Salem for five years is the latest in a string of deals by Indianapolis hospital systems seeking a statewide presence.
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United Hospital Services laundry co-op considers statewide expansion

January 16, 2010
Scott Olson
The massive far-east-side facility already launders linen for 30 hospitals and 400 clinics in Indiana, handling more than 36 million pounds of soiled linen each year.
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Area hospital construction taking break after expensive binge

January 16, 2010
J.K. Wall
Observers expect a lull with inpatient facilities for five years or more, but continued proliferation of outpatient clinics and surgery centers.
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Clarian to resume construction at Riley Hospital for Children

January 16, 2010
 IBJ Staff
It’s the latest exhalation by a local hospital after massive investment losses and a scary economy forced them to tighten their belts a year ago.
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Witham planning bond sale to acquire Anson site

January 6, 2010
 IBJ Staff
Lebanon-based hospital system also wants to refinance about $21 million in debt on new medical office building.
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Grass-roots groups prepare to fill gaps in health care reform

January 2, 2010
J.K. Wall
Legislation set to come out of Washington will not change the most fundamental problems of the health care system, leaving it up to states, cities and companies to figure out what to do about it.
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St. Francis sues OrthoIndy over new surgery center

December 30, 2009
Peter Schnitzler
Legal complaint alleges new $20 million facility in Greenwood breaches partnership deal struck in 2001.
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Building trades leaders flock to Wishard meetings

December 18, 2009
 IBJ Staff
Hundreds of potential contractors turned out for informational meetings this week about construction work on a new Wishard Memorial Hospital.
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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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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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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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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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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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Clarian restarts construction on hospital in Fishers

October 30, 2009
J.K. Wall
Clarian Health has resumed construction on its Saxony Medical Center in Fishers after an 8-month hiatus, the Indianapolis-based hospital system announced Friday.
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