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Long-Term Care
Governments helped fuel nursing-facility developer's rise
June 15, 2013
Kathleen McLaughlinCarmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana
properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also
received $345,000 in state economic incentives.
MoreFeds scrutinize nursing home buying spree
April 27, 2013
J.K. WallIndiana’s county-owned hospitals have rushed to acquire nursing homes in the past two years, opening a revenue stream
for both the hospitals and the long-term-care facilities. But the additional federal revenue that has driven these purchases
could come under threat.
MoreHealthLease to snare $141.7M in senior properties
March 25, 2013
Mason KingA central Indiana REIT that went public in 2012 has agreed to buy 13 senior housing and care facilities in three states, growing
its asset value by 50 percent.
MoreLEADING QUESTIONS: Mainstreet CEO masters efficiency
February 27, 2013
Mason King
What are Zeke Turner's top five strategies for keeping his work week under 40 hours? Do you really need work e-mail
on your smart phone? What's it like to take a company public? The real estate exec has answers.
New Alzheimer's unit stresses soothing elements
October 6, 2012
Scott OlsonThe 36-room wing at Hoosier Village Retirement Center includes antiques and minimizes confusing shadows among other design
elements.
MoreTITTLE: Big challenges loom for nursing facilities
May 12, 2012
Scott Tittle / Special to IBJBoom in elderly population and falling reimbursements expected to cause squeeze.
MoreIntegra Specialty Hospital in Muncie closing
April 20, 2012
Seventy-two employees will lose their jobs when the 32-bed long-term-care facility shuts down on June 17. The company that
operates the hospital did not provide a reason for the closing.
MoreHospitals scrambling to buy nursing homes
October 22, 2011
J.K. WallThe hospitals owned by Boone and Hamilton counties are following the lead of Indianapolis-based Wishard Health Services and
its parent organization by acquiring far-flung nursing homes, hoping the strategy proves as lucrative.
MoreCarmel senior-living project to create 340 jobs
June 14, 2011
IBJ StaffCarmel Mayor Jim Brainard on Tuesday unveiled details of a multimillion-dollar project expected to create more than 200 construction
jobs and 140 permanent positions over the next two years.
MoreQ&A
April 25, 2011
J.K. WallPaul Leamon launched Wellfount Corp. five years ago to help long-term-care facilities automate and electronically
manage their pharmacies. Wellfount made the Inc. 500 list last year and now has secured $6 million in venture capital from
Arboretum Ventures to help it expand nationally.
MoreHome Health Depot acquires Arcadia subsidiary
October 21, 2010
The division purchased by Home Health Depot markets and sells home health related items via mail and online. Terms of the
deal were not disclosed.
MoreHome medical supply firm grows as industry boom approaches
July 10, 2010
Joe JasinskiDavid Hartley pulled $85,000 from his savings six years ago to buy Home Health Depot Inc. Nearly six years later, Hartley has reinvented the Indianapolis-based home medical equipment supplier, growing from a single office in Greenwood to 12 locations in Indiana and Illinois—and increasing annual revenue from $300,000 to more than $6.7 million.
Masonic Home plans $8M assisted-living center in Franklin
May 6, 2010
Groundbreaking will be held May 16 to mark start of construction on center to be built on 300-acre campus.
MoreNursing home association facing big debt
April 10, 2010
J.K. WallThe Indiana Health Care Association is looking for a new leader even as it tries to dig out of a pile
of debt. Current President Steve Smith, whose contract expires Nov. 30, says he's put the organization on a path to be financially
stable by 2012. But his predecessor says Smith has ruined a once-strong organization.
MoreVolunteers in Medicine fill need as boomers retire
April 3, 2010
Marc D. AllanNot-for-profit sees increasing numbers of patients, but can't plug the entire gap to be created by health care retirements.
MoreLong-term-care business to help Wishard cover construction debt
July 20, 2009
J.K. WallTo pay for a shiny new downtown hospital, the parent corporation of Wishard Health Services will commit itself to yearly
debt payments 10 times as high as they are now. But Wishard officials have no doubt they can bear the extra load
because of places like Rosewalk Village, a nursing home that sits on the eastern side of Indianapolis.
MorePrices salty and getting saltier at Indiana nursing homes
May 11, 2009
The cost of nursing home care in Indianapolis is rising faster than in the rest of the country, according to an annual survey
of long-term-care costs by Virginia-based Genworth Financial.
MoreStimulus bill could prompt physician mergers
March 16, 2009
Now that Medicare is calling for all doctors it deals with to use electronic medical records by 2015, the trend of physicians'
merging with hospitals or larger groups could hasten.
MoreNeed long-term care? Buyer, beware
February 16, 2009
Tawn ParentIt can be tempting to trust in "experts," when it comes to loved ones' health and nursing home care. But the consequences can be dire.
Texas developer and New Hampshire not-for-profit promise attention for seniors who prize stable prices
February 2, 2009
Scott OlsonA Texas developer of retirement communities has targeted Carmel for a style of assisted living new to the Indianapolis area
that offers on-site health care for the unusual arrangement of a fi xed monthly fee.
MoreNursing home group tries bulk purchasing to save cash
January 12, 2009
The Indiana Health Care Association has signed contracts with three corporations to buy supplies, medicines and insurance
in bulk.
MoreNew president shakes up nursing home group: Three quarters of staff leaves within months of arrival
July 21, 2008
J.K. WallSteve Smith has shaken up the Indiana Health
Care Association so much, the group representing Indiana's for-profit nursing homes is hardly recognizable to those who knew
it before. And the way Smith tells it, he's just getting started.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.