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Also this week

November 23, 2010

The Reverend Peyton’s Big Damn Band barrels into The Vogue Nov. 26 with opening acts Love Life and Alice Chalmers & the Stick a Cork in Your Jug Band. Details here.

Trans-Siberian Orchestra returns to Conseco Fieldhouse Nov. 27. Details here.

“A Beef & Boards Christmas” gets redecorated for its 2010 edition, running Nov. 26-Dec. 23. Meanwhile, the theater also will be offering its one-hour take on “A Christmas Carol” Dec. 4-21. Details on both here.

Butler University Theatre presents “Twelfth Night,” directed by Assistant Professor of Theatre Dr. Elaina Artemiev, Dec. 1-5. Details here.
 

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Company news

November 17, 2010

West Lafayette-based Kylin Therapeutics Inc. received a nearly $250,000 grant from the U.S. Internal Revenue Service that will advance the company's nanoparticle cancer-treatment research. Kylin's technology uses RNA and a natural process called RNA interference to directly target and "turn off" disease-causing genes. Kylin’s technology was discovered at Purdue University by former Purdue professor Peixuan Guo.

Lilly Ventures, the venture-capital arm of Indianapolis-based Eli Lilly and Co., led a $24 million investment round in Massachusetts-based Cerulean Pharmaceuticals, which is developing nanoparticle drugs. According to Xeconomy.com, the Series C funding round will help Cerulean pay for Phase 2 clinical trials of its leading nanoparticle drug, which is designed to treat lung cancer. Steve Hall, a venture partner at Lilly, has joined Cerulean’s board of directors in connection with the funding round. Cerulean has now raised $56 million in venture capital.

Johnson Memorial Hospital asked county officials to approve a $14 million expansion of its surgical center to accommodate larger surgery suites, as well as new recovery beds and physician offices, according to the Daily Journal of Franklin. That expansion would add 29,000 square feet and renovate 9,300 square feet of existing space. Johnson Memorial wants to start construction in the spring and complete the project by late summer of 2012.

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People

November 17, 2010

St. Vincent Health appointed Karen Porter as chief planning officer, overseeing construction and operations efficiency for the 19-hospital system.

Indianapolis-based WellPoint Inc. named Jerry Kertesz vice president of sales, overseeing new business sales, as well as broker and consultant relationships. Kertesz has been vice president of account management in the company's national accounts division for more than four years.

WellPoint named Perry Pogany to replace Kertesz. He has served as vice president for auto and interplan national accounts for 12 years.
 

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Tonic Ball 9

November 17, 2010

Nov. 12
Fountain Square Theatre/Radio Radio

Why will Kate Lamont be singing “Because?” Well, because. And while the band ESW will be encouraging concert-goers to “Let It Be,” Brian Deer will be insisting “I am Mine” and the band We’re Not Squibnocket will be claiming “I Am the Walrus.”

Yes, this year’s Tonic Ball—benefiting Second Helpings—will pay tribute to the Beatles, with local bands offering covers on two stages, plus a children’s area. Cari Ray & The Loaners will be doing “I’ve Just Seen a Face,” Rodney Boys will take a shot at “Rocky Raccoon,” Last Drop Jug Band will transform “Baby You’re a Rich Man,” and much, much more. Details here.
 

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Drew Tretick with the ICO

November 17, 2010

Nov. 20
Athenaeum Theatre


Julliard-trained electric violinist Drew Tretick, who will be joining the Indianapolis Chamber Orchestra for this month’s concert, has taken the stage at such impressive classical venues as the London Palladium. On the other hand, he’s also played for the tourists on the faux streets of Downtown Disney in Orlando.

That’s not the only way Tretick shows range. His recent CD devoted to cinematic compositions covers the familiar (“Over the Rainbow,” “The Way We Were”) and the more esoteric (from the scores for “Cinema Paradiso” and “Quartiere,” for instance). Details on the concert can be found here. And, for your listening pleasure, here’s Tretick stopping Disney foot traffic with “Flight of the Bumblebee.”
 

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Pink Martini with the ISO

November 17, 2010

Nov. 22
Hilbert Circle Theatre

What language will the next song be sung in? You never know when Pink Martini is on stage. Cosmopolitan playfulness in style and song has been a signature for the Portland, Ore.-based company since it was founded more than 15 years ago by vocalist China Forbes and pianist Thomas Lauderdale.

Surrounded by accomplished musicians—who also like dressing up—the band will be joining the Indianapolis Symphony Orchestra for its one-night-only Indy debut. “For me,” says Lauderdale, “Pink Martini is partially an attempt to rebuild a culture which sings and dances.”
Here’s a look at the band’s appearance on “Late Night with David Letterman." For details on the concert, click here.
 

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Indianapolis International Festival

November 17, 2010

Nov. 18-21
Indiana State Fairgrounds

Think of it as the speed-dating equivalent of all the city’s ethnic festivals. If you missed Greek Fest, Fiesta, the French Market and all the rest, here’s a chance to get an indoor fix of food, music and dance from around the world.

The performance lineup includes Japanese taiko drummers Icho Daiko, Indianapolis Ceili Band with Irish Blessings Dancers, Anderson Ballet Folklorico, Native American flutist JJ Kent, Bollywood dancers, and the obligatory visit from Dora the Explorer. For details, click here.
 

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"Experience Hendrix"

November 17, 2010

Nov. 20
Murat Theatre

At first, I thought this might be just another tribute band performance. But Experience Hendrix features an impressive lineup of familiar-in-their-own-right acts, including Susan Tedeschi, Kenny Wayne Shepherd, Jonny Lang and David Hidalgo and Cesar Rosas of Los Lobos, all paying tribute to the legendary Jimi Hendrix. To keep things authentic, the show also features Billy Cox, Hendrix’s bassist. Details here.
 

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Also this week

November 17, 2010

“Don We Now Our Gay Apparel” celebrates the season in a decidedly Theatre on the Square way, Nov. 19 to Dec. 18. Details here.

Jazz music is combined with rediscovered Depression-era photographs in “Bill Frisell’s Disfarmer Project,” Nov. 18 at Loeb Playhouse, West Lafayette. Details here.

KT Tunstall performs at the Vogue, Nov. 19. Details here.

Soulja Boy takes the stage Nov. 19 at the Indiana State Fairgrounds. Details here.

Straight No Chaser offers two shows, Nov. 24 at the Murat Theatre. Details here.

New World Youth Symphony Orchestra performs music ranging from Cole Porter to Richard Wagner, Nov. 21 at Hilbert Circle Theatre. Details here.

The Indianapolis Symphony Orchestra performs Schubert’s “Unfinished Symphony,” Nov. 18 at Hilbert Circle Theatre. Details here.
 

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Sales/acquisitions

November 16, 2010
-EMK Property Investors, Greenwood, bought Presidential Estates Apartments at 1808 Century Way, behind St. Vincent Hospital. The 255-unit complex was listed for $6.75 million. The sale price wasn’t disclosed. Tikijian Associates represented both the buyer and seller, Greystone Bank. The new owner hired Indianapolis-based Barrett & Stokely to manage the property.

-Conesero Property LLC bought a 4,821-square-foot industrial building at 4761 Industrial Parkway. The price wasn’t disclosed. The buyer was represented by Fritz Kauffman of Cassidy Turley. Kauffman also represented the seller, Industrial Space Management Corp.

-M Street Church of Christ bought a synagogue at 5879 Central Ave. The price wasn’t disclosed. The buyer was represented by Collette Owen of CMO Real Estate. The seller, Shaarey Tefilla Congregation, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate.
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Leasing/leasing contracts

November 16, 2010
-Compass Group USA Inc. leased 20,160 square feet of industrial space at 2610 E. Fortune Circle. The tenant was represented by Kyle Powell and Don Treibic of Cassidy Turley. The landlord, Blue Real Estate, was represented by Jake Sturman and Brian Buschuk of Jones Lang LaSalle.

-DuCharme McMillen & Associates Inc. leased 17,499 square feet of office space at Allison Pointe, 8440 Allison Pointe Blvd. The tenant was represented by Steve Beals of Lee & Associates. The landlord, TIC Properties Management LLC, was represented by Bryan Miller of Cassidy Turley.

-Girls Scouts leased 15,713 square feet at 2611 Waterfront Parkway, East Drive.  The tenant was represented by Rebecca Baer of Summit Realty Group. The landlord, New Boston Jacaranda L.P., was represented by Gus Sevastianos and Brian Fitzgerald of Citimark Management Co. Inc.

-Dreamscape Landscaping leased 7,200 square feet of industrial space at 4021 W. 10th St. The landlord, Speedway Industrial Park, was represented by Bill Byram of Cassidy Turley. The tenant represented itself.

-The Indianapolis affiliate of the Susan G. Komen Breast Cancer Foundation Inc. leased 3,321 square feet of office space at 3500 DePauw Blvd. The tenant was represented by Mary Beth Kohart of Cassidy Turley. The landlord, CP Pyramids Associates LP, was represented by David A. Moore, Darrin L. Boyd and Bennett M. Williams of Cassidy Turley.

-Formstack Inc. leased 3,245 square feet of office space at 6525 E. 82nd St. The tenant was represented by Todd Morris of JTM Commercial. The landlord, BREOF Castleton Park REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley.

-Hunt Big Sales leased 3,186 square feet of office space at 10150 Lantern Road, Fishers. The tenant was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley. The landlord, Genesis Development Group LLC, was represented by Paul Dick of Colliers International.

-New Balance Shoe Store leased 3,147 square feet of retail space at West Carmel Marketplace, 9893 N. Michigan Road. The tenant, Brad Stout, was represented by Tom Megenhardt of Thomas K. Megenhardt Commercial Real Estate. The landlord, CASTO, was represented by John Byrne and Jacque Haynes of Cassidy Turley.

-Wellspring Counseling & Consulting Resources LLC leased 1,515 square feet of office space at 3091 E. 91st St. The landlord, BREOF Keystone REO LLC, was represented by David A. Moore and Darrin L. Boyd of Cassidy Turley. The tenant represented itself.

-ASI Inc. leased 1,000 square feet in Greenwood Oaks Business Centre, 500 S. Polk St, Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-Indy Intervention renewed its lease for 800 square feet of office space in Greenwood Oaks Business Centre, 500 S. Polk St, Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
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Construction

November 16, 2010
-Alt Construction has started a 12,000-square-foot tenant build-out for Marion County Traffic Court at 8115 E. Washington St.  The project is scheduled to be completed next month.

-Alt Construction has started a 12,500-square-foot tenant build-out for Planet Fitness at 8811 Hardegan St. The project is scheduled to be completed next month.

-Kort Builders has started a 3,000-square-foot restaurant addition for Ale Emporium at 8617 Allisonville Road.

-Shamrock Builders-Commercial has started construction of a new dental office for Dr. Kevin Toole at 480 E. Northfield Drive, Suite 400. The 1,740-square-foot office is to be completed by Jan. 15.
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Housing

November 16, 2010
On a seasonally adjusted basis, the pace of mortgage loan activity jumped 5.8 percent for the week ended Nov. 5, according to the Mortgage Bankers Association. The rate for 30-year mortgages was unchanged at 4.28 percent. The rate for 15-year mortgages remained at 3.64 percent.
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Company news

November 10, 2010

Employees of public school corporations south of Indianapolis, along with Franklin College and Johnson County government, will be able to get free access to an immediate-care clinic under a new agreement with Johnson Memorial Hospital in Franklin. Called the Express Care Clinic, the service will be provided by the staff at the JMH Immediate Care Center in Franklin. The schools and county government health plans will pay a fee to Johnson Memorial to provide non-emergency care to all participants in their health plans, as well as their dependents. Such direct-contracting arrangements are becoming increasingly common, especially for public-sector employers. The South Central Indiana School Trust set up a similar arrangement last year with Morgan Hospital and Medical Center.

Indianapolis-based Arcadia Resources Inc. narrowed its quarterly loss to $2.9 million, or 2 cents per share, compared with a year-ago loss of $4.1 million, or 3 cents per share. Revenue in the three months ended Sept. 30 rose nearly 3 percent to $25.8 million on 44-percent growth in the company’s DailyMed drug management service. The DailyMed services packages the numerous prescriptions taken by some patients into ready-to-take packets marked with the time of day they’re supposed to be taken. Arcadia’s pharmacists also call patients to help them comply with their prescription regimens. The company signed a 3-year contract extention with Indianapolis-based health insurer WellPoint Inc. to provide the DailyMed service to the Medicaid recipients WellPoint manages in some states. Also, Arcadia signed a new deal with New York-based health plan Touchstone Health, to start providing the DailyMed service to its members on Jan. 1.

Third-quarter profits rose slightly at WellPoint Inc. but soared above Wall Street expectations. The Indianapolis-based health insurer raised its full-year profit forecast by 20 cents per share, excluding investment gains, to $6.45 per share. WellPoint earned $739 million during the three months ended Sept. 30, a 1-percent gain over the same quarter a year ago. The profits were driven by lower-than-expected claims expenses and lower administrative costs. Profits per share totaled $1.84. But excluding investment gains of 10 cents, the company would have earned $1.74 per share, a slight decrease from the $1.78 per share it earned a year ago. Analysts were expecting profit of $1.57 per share, according to a survey by Thomson Reuters. Quarterly revenue of $14.6 billion also edged analysts’ expectations, even though it fell 5 percent from the same quarter last year.

A swing in investment results boosted CNO Financial Group Inc.'s third-quarter profits, even as accounting charges depressed the performance of its underlying insurance businesses. The Carmel-based life and health insurer's investment losses and special charges from a year ago turned into slight investment gains this year, allowing it to boost third-quarter profit by 221 percent to $49.4 million. Profit per share was 17 cents, compared with 8 cents in the same quarter a year ago. Excluding charges, the company recorded operating income of 16 cents per share. On that basis, Wall Street analysts surveyed by Thomson Reuters were expecting 15 cents per share. Revenue for the three months ended Sept. 30 fell 6 percent to $1.05 billion.

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People

November 10, 2010

The Logan Institute for Health and Wellness in Fishers promoted Linda Whitlock to practice manager. She has worked for four years as office manager at the holistic medical practice run by Dr. Kevin Logan.

Dr. Erin Zusan has joined Community Breast Care, a unit of Community Health network hospital system, with an office in Greenwood. Zusan holds a medical degree from the Indiana University School of Medicine.

Indianapolis logistics firm BioStorage Technologies appointed Gregory Swanberg CEO, replacing Dr. F. John Mills, who will remain as chairman. Swanberg most recently served as the managing director of Virginia-based UMS Advisory, a consulting firm focused on the life sciences sector.

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Bands of America Grand National Championships

November 10, 2010

Nov. 10-13
Lucas Oil Stadium

Seventy-six trombones? That “Music Man” number hardly holds a candle to the sheer number of talented musicians competing this week in Music for All’s Bands of America Grand National Championships. More than 90 bands—including groups from Lawrence Central, Carmel, Center Grove, Danville and Ben Davis high schools—will show their stuff, with the winner scoring a guaranteed spot in the Tournament of Roses Parade. Details here.
 

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"Bugs Bunny at the Symphony"

November 10, 2010

Nov. 12-14
Hilbert Circle Theatre

Call me a musical purist, but I’m not sure if the Indianapolis Symphony Orchestra should cheapen itself by mixing minor music with the classics. In this case, it’s taking the musical masterpieces inspired by the genius of Bugs Bunny, Elmer Fudd and Daffy Duck and mixing in work created to back up such lesser lights as The Flintstones and Tom and Jerry. I’m sorry, but Hanna Barbera just doesn’t hold a candle to Warner Bros. (unless, of course,  Ann-Margrock and Bobby Darrock are vocalizing).

Ah, well, I suppose I have to move with the times. If it takes music for Scooby Doo to get people in the door to hear the more esoteric excellence of Bugs Bunny’s “Long-Haired Hare,” then so be it. For details, click here.
 

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"Mickey’s Corner" with Michael Feinstein

November 10, 2010

Nov. 11
JCC

There won’t be a band to strike up, so it may be a tough call for you (but not for me) when Mickey Maurer interviews cabaret star and Center for the Performing Arts artistic director Michael Feinstein for a fascinating chat about rhythm and other matters. And if you are expecting nothing but talk, well, it ain’t necessarily so. Feinstein will likely sing as well.

Who cares? Anyone interested in the great American songs Feinstein has helped rediscover, re-popularize, and preserve. How long has this been going on? Maurer (an IBJ owner and columnist) has been hosting discussions with interesting Hoosiers since 2008. You can get more information here.

(And now, Great American Songbook buffs, count how many George Gershwin song references you can find in this item.)
 

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"Madeleine Albright: My Life in Pins"

November 10, 2010

Nov. 11
Indianapolis Museum of Art

One of the perks of being an ambassador to the United Nations is that you have access to artisans from around the world. In the case of Madeleine Albright, that meant amassing a collection of more than 200 brooches, which are on display at the Indianapolis Museum of Art through Jan. 30. Indianapolis Museum of Art Director Maxwell Anderson will be leading a discussion with Albright herself on Nov. 11, followed by a book signing. For details, click here.

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Also this week

November 10, 2010

In “The Chicken Show,” part of the Spirit & Place Festival, author Michael Perry reads and local artists and students display work based on, yes, chickens. Nov. 11 at Wheeler Arts Community Center. Details here.

The painted guys return when Blue Man Group plays Clowes Hall Nov. 12-14. Details here.

At the Eiteljorg Museum, "Art en la Charreria," Nov. 12-Jan. 16, celebrates the equestrian sport popular in Mexico. Opening weekend events include performances by Anderson Ballet Folklorico, Trio ConPaz, and more. Details here.

The 10th anniversary lineup for the Indianapolis LGBT Film Festival Nov. 12-14 at the Indianapolis Museum of Art and IUPUI Campus Center includes “Violet Tendencies” (starring Mindy Cohn of “The Facts of Life), “Talbott Street: 1980-1986” (a documentary about the ground-breaking Talbott Theatre), “Bloomington” (a fiction film about a student/teacher relationship at IU), and a sneak preview of the “New Ash Christian Film” (featuring Jennifer Coolidge). Details here.

The ambitiously titled Wet Your Pants Comedy Film Festival, Nov. 12-14 at the Indianapolis Art Center, includes “Run, Granny, Run!” (featuring a seniors version of the “Ben Hur” chariot race), “Cool Beans,” (about two guys looking for the originator of the title term), and “Post-Apocalyptic Shotgun Madness,” which pretty much says it all. Proceeds benefit the National Kidney Foundation. Details here.

Comedian Chelsea Handler headlines at the Murat Theatre Nov. 13. Details here.



New Yorker contributor Jonathan Lethem, author of such novels as “Fortress of Solitude” and “Chronic City,” is the latest author to come to town for the Vivian S. Delbrook Visiting Writers Series at Butler University’s Atherton Union. He’ll be reading on Nov. 15. Details here.
 

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Sales/acquisitions

November 9, 2010
-MultiTech Realty LLC bought a 32,000-square-foot industrial building at 946 Western Drive. The price wasn’t disclosed. The buyer was represented by Jason Speckman of NAI Olympia Partners. The seller, Nistem Precision Inc., was represented by Luke Wessel of Cassidy Turley.

-Platinum Group LLC bought a 348-unit apartment complex at 4100 N. Post Road. The price wasn’t disclosed. The buyer was represented by Scott Herider of Lee & Associates. The seller, Oaktree Apartments LLC, was represented by Rick Vidrio and Rick Brace of Hendricks Partners.
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Leasing/leasing contracts

November 9, 2010
-Blackmore & Buckner Roofing leased 54,000 square feet at 1504 Sadlier Circle, South Drive. The tenant was represented by Tony Hupp and Cam Kucic of Summit Realty Group. The landlord, First Industrial Realty Trust, was represented by Nikhil Gunale and John Hanley of CB Richard Ellis.

-Indy Powder Coating leased 28,500 square feet of industrial space at 4300 W. 10th St. The tenant was represented by Kevin Kempf of Cassidy Turley and J.D. Graves of CB Richard Ellis. The landlord, Speedway Industrial Park, was represented by Bill Byram of Cassidy Turley.

-Harvest Scents & Traders LLC leased 25,646 square feet of industrial space in Crosspoint II, at 9900 Westpoint Drive. The tenant was represented by Drew Pattyn of Northern Commercial. The landlord, ING Clarion Partners, was represented by Fritz Kauffman and Bryan Poynter of Cassidy Turley.

-PSC Industries Inc. leased 22,400 square feet of industrial space at 2525 N. Shadeland Ave. The tenant was represented by Kevin Kempf of Cassidy Turley. The landlord, Western Select Properties, was represented by Greg Folz and Michael Weishaar of Cassidy Turley.

-Indiana Business Bank renewed its lease for 6,399 square feet at 250 E. 96th St., Suite 100. The tenant was represented by Jon Hardy of Coldwell Banker Commercial Realty Services. The landlord, Duke Realty, represented itself.

-Zeta Beta Tau leased 4,305 square feet at Ten Fortune Park, 3905 Vincennes Road. The tenant was represented by Nick Svarczkopf of CB Richard Ellis. The landlord, IMG Realty Trust III, was represented by Ralph Balber and Matt Kiger of Halakar Real Estate.

-Anesthesia Consultants of Indianapolis leased 3,000 square feet at Sycamore Springs Office Park, 4725 Statesman Drive, Suites C & D.  The landlord, MSE Realty, was represented by Ralph Balber and Ashley Bussell of Halakar Real Estate. The tenant represented itself.

-Dynatemp Inc. renewed its lease for 3,000 square feet in Greenwood Oaks Business Centre, 500 S. Polk St, Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-Lewis and Wilkins LP leased 2,100 square feet of office space at Fall Creek Shoppes, 11206 Fall Creek Road. The tenant was represented by Brian Augustin of NAI Olympia Partners. The landlord, Fall Creek Shoppes LLC, was represented by Harvey Levin of Coldwell Banker Commercial Realty Services.

-Genesis Marketing Group Inc. renewed its lease for 1,800 square feet in Greenwood Oaks Business Centre, 500 S. Polk St, Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-Caskey & Daily LLC leased 1,700 square feet at Sycamore Springs Office Park, 4745 Statesman Drive, Suite C. The tenant was represented by Kurt Meyer of Baseline Inc. The landlord, MSE Realty, was represented by Ralph Balber and Ashley Russell of Halakar Real Estate.

-Al Basha Gyros leased 1,600 square feet of retail space in Broad Ripple Station, 1045 Broad Ripple Ave. The tenant was represented by Ron Mannon and Scott Herider of Lee & Associates. The landlord, LOR Corp., represented itself.
    
-Lasting Impressions/Jackson Concrete renewed its lease for 1,200 square feet in Greenwood Oaks Business Centre, 500 S. Polk St, Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.
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Housing

November 9, 2010
On a seasonally adjusted basis, the pace of mortgage loan activity fell 5 percent for the week ended Oct. 29, according to the Mortgage Bankers Association. The rate for 30-year mortgages rose to 4.28 percent from 4.25 percent the previous week. The rate for 15-year mortgages decreased to 3.64 percent from 3.67 percent.
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Company news

November 3, 2010

Five Indiana doctors made the list of drug-company favorites in a recent report by New York-based ProPublica. Carmel psychiatrist Chris Bojrab pulled in nearly $160,000, with the lion’s share coming from Indianapolis-based Eli Lilly and Co. and its antidepressant Cymbalta. Lafayette allergist Ketan Sheth was a close second, earning $159,225 from United Kingdom-based GlaxoSmithKline plc. Other doctors on ProPublica’s list: Indianapolis hematologist Maureen A. Cooper, who made $140,000, mostly from Cephalon; Terre Haute endocrinologist Isaiah Pittman, $126,000 mostly from Lilly; and Zionsville family physician Daniel Lynn Shull took home $102,000, nearly all of it from Lilly. After Lilly started disclosing its payments to doctors last year, Bojrab defended the pay for speaking on behalf of drug companies as well-earned. “We’re certainly well-compensated for what we do,” he said, adding that the pay is about 20-percent higher than what he would earn seeing patients. But it also requires a fair bit of work, especially arranging travel details. “It’s not uncommon for me to come home and spend three or four hours a night, just to work out the travel details,” he said. “And it’s not like the work that you had to do goes away.”

St. Francis Hospital & Health Centers has acquired the Immediate Care Centers' four Indianapolis-area locations: 1001 N. Madison Ave., 650 N. Girls School Road, 860 E. 86th St. and 992 N. Mitthoeffer Road. The centers were launched in 1981 by Bloomington-based Unity Physician Group. About 100,000 patients visit the centers each year. St. Francis, whose parent organization is based in Mishawaka, is the fourth-largest hospital system in the Indianapolis area.

A new professional service center on the northwest side of Indianapolis will employ 500 people to support the 70 hospitals operated by St. Louis-based Ascension Health. The Catholic not-for-profit organization is the parent of Indianapolis-based hospital system St. Vincent Health, which operates 19 hospitals around Indiana, including its flaghship campus on West 86th Street. St. Vincent employs more than 13,000 Hoosiers. The $10.9 million center is expected to open next summer and ramp up to peak employment by 2013. To lure the investment, the Indiana Economic Development Corp. offered Ascension up to $5 million in performance-based tax credits and up to $90,000 in training grants based on the company's job-creation plans. Develop Indy and the city of Indianapolis offered Ascension Health infrastructure support and a training grant worth up to $300,000. Develop Indy also will support a property-tax-abatement request before the Metropolitan Development Commission.

Orthopedic implant maker Zimmer Holdings Inc. saw its third-quarter profit climb 27 percent on lower operating expenses. The results beat Wall Street estimates, but Zimmer cut its estimate for revenue growth. The Warsaw-based company reported net income of $191.1 million, or 96 cents per share, up from $149.9 million, or 70 cents per share, a year ago. Sales fell 1 percent to $965 million. Analysts polled by Thomson Reuters expected, on average, earnings of 95 cents per share on $994.7 million in revenue. Zimmer narrowed its full-year profit forecast to a range of $4.24 to $4.29 per share. The company had previously set full-year expectations for profit between $4.15 and $4.35 per share. It also trimmed its estimate of revenue growth on a constant currency basis for the year to 2 percent versus an earlier projection of 3-percent to 5-percent growth.

Indianapolis-based Dow AgroSciences improved revenue during the third quarter, thanks to a 26-percent increase in volume, but it still recorded a loss for the period. The unit of Michigan-based Dow Chemical Co. on Thursday reported revenue of $948 million, up 19 percent from the same period last year, despite lower prices. Quarterly earnings before interest, taxes, depreciation and amortization, however, were a loss of $12 million—compared with a profit of $5 million a year ago. Dow Agro’s selling, general and administrative expenses increased 9 percent during the quarter because of new product launches and commercial activities related to recent seed acquisitions, the company said. Its research and development costs were up 14 percent.

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People

November 3, 2010

TriMedX, a technology-management firm for hospitals, has hired Tom Vorpahl as chief operating officer. For the past eight years, Vorpahl worked at Philips North America, most recently as vice president of sales and business development. Vorpahl holds bachelor's degrees in biology and medical science from the University of Wisconsin. TriMedX is an Indianapolis-based subsidiary of the Ascension Health hospital system.

Batesville-bsed Hill-Rom Holdings Inc. has appointed Mark Guinan chief financial officer, beginning Dec. 13. Guinan is currently chief procurement officer for New Jersey-based Johnson & Johnson. Guinan has an undergraduate degree from the University of Notre Dame and an MBA from the Olin Graduate School of Management at Washington University. Before joining Johnson & Johnson, he worked for Cincinnati-based Procter & Gamble. Guinan succeeds Greg Miller, who has been Hill-Rom's CFO since 2005.

Carmel-based CNO Financial Group Inc. has hired James S. Sawaya as vice president of claims. Sawaya comes from Wisconsin-based HealthEOS by Multiplan Inc., where he served as senior vice president for claim operations, client services, sales and customer service. Sawaya previously worked for UnitedHealthcare and Midwest Security Insurance Cos.

Dr. Charles E. Hughes and Dr. Wayne Lee have joined the St. Francis Medical Group. Their practice, the Indianapolis Institute for Plastic Surgery, is located at 8051 S. Emerson Ave. on the St. Francis Hospital-Indianapolis campus.

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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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