After building and selling three companies and starting a fourth, Dr. Don Brown thought he had seen it all. Even so, he still gets an occasional surprise.
More than 100 nursing aides, activities coordinators, cooks and other workers at two Indianapolis senior communities could lose their jobs by mid-October when the properties are sold, owner Justus Rental Properties Inc. said.
Investors appeared to be nervous over the rich price of the deal and the amount of debt that Elanco will take on to finance it.
The annual rankings, now in their 30th year, are designed to assist patients and their doctors in making decisions about where to get care.
The clinics are designed to treat patients quickly for such things are earaches, nose bleeds, twisted ankles and rashes, eliminating the need to go to a busy emergency room or wait several days to see a primary care doctor.
The move is part of IU Health’s way to address the state’s high infant mortality rate and keep all newborn services under one roof.
Jack Phillips, who has led Roche Diagnostics’ North American operations in Indianapolis since 2010, will become chief operating officer of Accelerate Diagnostics in Tucson.
The multibillion-dollar deal would swell the size of Elanco, which already is the fourth-largest global player in animal health.
The cancer center, opened in 2008, is now one of just 51 “comprehensive cancer centers” in the nation and the only one in Indiana.
An Indianapolis-based real estate company that specializes in health care properties has acquired more than 300,000 square feet of commercial office space on the city’s northeast side, including the headquarters of Community Health Network.
The company has been bleeding red ink, but its Medicare business is booming and could ring up nearly $100 million in profit this year—if the company can hire enough people to help all the seniors calling in with questions.
The company, eHealth Inc., is led by Scott Flanders, an Indianapolis native and former CEO of Macmillan Publishing in Carmel and Playboy Enterprises in Chicago.
The store sells a wide assortment of natural and organic foods, but sales have been stagnant, said owner Chris Baggott, who owns several other businesses in the area and co-founded ExactTarget Inc.
The Barrington, which began hemorrhaging money soon after opening in 2013, is being acquired by Indianapolis-based Prairie Landing Community Inc. for $61 million.
The monthly rate increases, if granted by state regulators, would likely be about $1.50 for the typical household customer in the first year. That monthly amount would increase by an additional $1.50 each year, or by about $10.50 over the seven years.
Ortiz spent years in retail before jumping into health care.