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Company news

March 30, 2011

Indiana University Health has canceled plans for a $73 million administrative office building at 16th Street and Capitol Avenue to instead purchase the Gateway Plaza tower at 10th and Illinois streets. The Indianapolis-based hospital system is still moving forward with construction of a $120 million neurosciences hub across the street from its Methodist Hospital campus. But IU Health officials, without being specific, said the price was too good on Gateway Plaza—where the hospital system already rents 130,000 square feet and employs 750 workers. The building currently has 80 percent of its 270,000 rentable square feet leased. But the looming departures of IU Health as well as the IU Foundation—which recently bought its own building along the Central Canal—could have quickly reduced occupancy to 20 percent. IU Health also bought the 1,200-space parking lots adjacent to the building.

Six Indiana hospitals were named to Thomson Reuters' annual list of the nation’s top 100 health care facilities. They included St. Vincent Indianapolis Hospital, the flagship hospital of Indianapolis-based St. Vincent Health. Also making the list were Columbus Regional Hospital, Community Hospital in Munster, Kosciusko Community Hospital in Warsaw, Memorial Hospital & Health System in South Bend, and Reid Hospital & Health Care Services in Richmond. The Thomson Reuters 100 Top Hospitals study evaluates performance in 10 areas: deaths; medical complications; patient safety; average patient stay; expenses; profitability; patient satisfaction; adherence to clinical standards of care; post-discharge deaths; and re-admission rates for patients suffering a heart attack, heart failure and pneumonia. The study has been conducted annually since 1993.

Purdue University ranked No. 47 on a list of the institutions worldwide with the most articles published last year in the widely cited Nature research journals. U.S. institutions occupied 33 of the top 50 positions, with Harvard University topping the list. The index is available here. The Nature journals primarily publish articles disclosing basic research findings in life, physical and chemical sciences. The journals focus less on applied scientific or engineering research. The index is a collaboration between Nature Publishing group and Digital Sciences, a sister division of Macmillan Publishers Ltd.

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