Community plans $11.5M expansion of south-side Indy surgery center
The Indianapolis-based hospital system broke ground Tuesday on the project at 1550 E. County Line Road. The work is expected to take 12 to 15 months to complete.
John Russell
Articles
IU Health downtown hospital plan to get another city review
The Department of Metropolitan Development staff is recommending approval if IU Health explains why it changed several items in the plan, including why it wants to build two surface lots for 291 cars on sites that were previously planned for structures.
Coalition seeks bargaining power for independent physicians
A group of about 30 independent medical practices in Indiana, called Indiana Physicians Health Alliance Inc., registered with the state in July as a not-for-profit after nearly two years of organizing.
Carmel-based Syra Health cuts IPO expectations by one-third
The two-year-old startup that provides professional services in the health care and life science industries has sharply cut how much it expects to raise in its upcoming initial public offering.
Physician-staffing service files for bankruptcy reorganization
The company, which provides doctors to rural hospitals to staff their emergency rooms and other critical areas, listed liabilities of $18.5 million and assets of just $19,701.
Indiana’s health-care sector to shine at Rally innovation conference
With the new multimillion-dollar conference that kicks off on Tuesday, Indiana is trying to position itself as a globally known innovation hub. And health care will figure prominently on the agenda.
Carmel startup NeurAxis raises $6.6M in IPO, less than half of its original forecast
The company, which is developing electrical-nerve stimulation therapies for children, went public this month at an initial price of $6 a share—lower than the range of $7 to $9 a share it announced in February.
Lilly stock skyrockets, raising profile of city’s life sciences sector
The pharmaceutical company has launched 20 drugs in the past decade to treat diseases from arthritis and psoriasis to diabetes and cancer. In recent months, Lilly has overtaken every competitor to become the most valuable drugmaker in the world.
Former top IU med school researcher says why he left
The IU School of Medicine scored a major coup five years ago when it recruited one of the nation’s top experts in the fast-growing field of regenerative medicine. But the University of Pittsburgh recruited him away this spring.
Lilly stock soars to all-time high on strong sales, led by Mounjaro
Much of the excitement is due to strong results from Mounjaro, which hit the market in June 2022 as a treatment for Type 2 diabetes and rang up $979.7 million in the quarter.
Lilly reports surging profit, raises full-year guidance
The Indianapolis-based pharmaceutical company’s first-quarter performance was driven by strong sales of leading drugs for diabetes, cancer and other diseases.
MBX Biosciences gets FDA green light to move second drug into human testing
The U.S. Food and Drug Administration gave the green light to MBX to test a drug for post-bariatric hypoglycemia, a rare disease and a serious complication of bariatric surgery, the company said Monday.
Duke Energy’s coal-gasification plant goes 3 months without producing power from coal
Duke Energy Corp.’s $3.5 billion Edwardsport plant was costly to build because of its ability to produce gas from coal. But the plant generated all of its electricity from natural gas in April, May and June.
Riley Children’s Foundation lands $10M gift from Walther Cancer Foundation
Walther will provide a one-for-one match for donors who establish endowed children’s cancer research funds at Riley Children’s Foundation, a move that could result in at least $20 million for research of new treatments of children’s cancers.
Marathon Health buys Missouri firm in move that boosts membership by 32%
The acquisition will add about 300,000 members to Indianapolis-based Marathon Health’s network and expand its footprint in 15 states where the two companies do business.
California firm terminates $875M acquisition of Cook Medical unit, FTC says
The Federal Trade Commission said CooperCompanies’ decision to abandon the deal “ensures that critical reproductive health markets remain competitive.”
IU Health’s new pharmacy hub aims to cut costs
Indiana University Health’s 70,000-square-foot pharmacy hub and distribution center in Plainfield has enough pills, lotions, and infusible and injectable drugs under one roof to supply its 16 hospitals and hundreds of clinics for weeks.
20 Hoosiers in health care and life sciences among Indiana 250’s most influential leaders
The list includes a hospital executive who collects guitars but can’t play them, and a health insurance leader whose dream job is to become a professional sports coach.
AES Indiana top exec leaving in latest departure from Indy-based utility
Kristina Lund’s departure means that AES Indiana, formerly known as Indianapolis Power & Light Co., will have gone through five presidents in the past eight years, with some of them lasting less than one year.
Franciscan Health parent to shift 61 employees to outside firm
The moves will affect employees in Indianapolis, Beech Grove, Lafayette, Michigan City, Dyer, Crown Point and Munster.