IU Health says operations strong, but investment losses pull down earnings
The state’s largest health system said earnings from operations climbed 4 percent, but investment losses pulled down total earnings by 70 percent.
John Russell
Articles
Lilly shareholders to vote on ‘near-drowning test’ in animals, other proposals in May
The Indianapolis-based drugmaker is facing calls by a national animal-rights group to end the “forced swim test” in small animals. Two months ago, drugmaker AbbVie said it would drop the test.
Firm announces $232M contract with Indiana, just two days after settling huge Medicaid fraud case in Texas
Conduent Inc. of Florham Park, New Jersey, agreed this week to pay $236 million to settle charges that it rubber-stamped applications for dental work in Texas. The company said the activity happened under previous owners.
Amazon’s latest target is pharmacy disruption
As the online retailer has moved into new industries over the years, consumers have flocked to it and numerous traditional retailers have closed their doors, unable to compete.
Time’s running out on bill to restore ‘certificate of need’ process for hospitals
A push to curb hospital construction in Indiana by bringing back the review process appears doomed for this legislative session, but the issue of rising health care costs could be headed to a summer study committee.
Indiana House panel shoots down bill to tighten oversight of huge farms
The panel voted 9-3 to defeat a bill that would have given the Indiana Department of Environmental Management more authority to deny permits to huge farms known as “confined feeding operations.”
IU Health Foundation raises $19.1M in first full year
The new fundraising arm of IU Health said it exceeded its first-year goal by more than 300 percent, allowing it to expand its grants program statewide.
Residents of Carmel senior community owed $52M in development’s bankruptcy
Mayflower Communities of Dallas, owner of 271-unit Barrington complex, has filed for bankruptcy after missing three bond payments and falling into default.
Indy startup Outpost Medicine draws in big money to develop drug therapies
For a startup that has raised an eye-popping $71 million in just three years, Outpost Medicine LLC likes to keep a low profile. The young company, which is developing drugs for urinary and gastrointestinal disorders, is headquartered in small, unmarked space at the Parkwood Crossing office complex on East 96th Street. It has issued only a […]
Lawmakers to examine health, environmental issues of huge livestock farms
A hearing on the bill will look into whether the Indiana Department of Environmental Management has enough power to regulate massive farms where animals are confined. Health and environmental experts say the state needs more regulatory power.
Elanco shares dip after Lilly says it will divest big stake
Greenfield-based Elanco spun off from Lilly last fall after 53 years. The former parent company still owns 80.2 percent of Elanco stock but has announced a program to unload it.
Q&A with spine surgeon Rick Sasso, who won $112M court judgment
Dr. Sasso, president of Carmel-based Indiana Spine Group, had charged that the giant medical device maker Medtronic had shortchanged him on royalties.
Cook Medical ordered to pay $3M to patient hurt by blood filter
The Bloomington-based maker of medical devices said Wednesday it would appeal the verdict of a federal jury in Indianapolis, which found the device was defectively designed. More than 4,000 patients have filed lawsuits.
In long and twisting journey for anti-inflammatory drug, Lilly touts upbeat results
The Indianapolis drugmaker said the drug, baricitinib, proved effective in treating adults with a severe form of eczema. It’s the latest turn for a drug that has had repeated setbacks.
Kinetrex Energy spending $4M to modernize plant, increase capacity
The Indianapolis-based company supplies natural gas that is chilled into liquid form for transportation, agriculture, manufacturing and utility customers.
Community’s new east-side digs feature big ER, modern amenities
When the $175 million hospital opens in stages over the next two weeks, patients and visitors will see a major upgrade in facilities.
For hospitals, babies are big business
For hospitals, maternity care builds relationships with young families that often last for decades. About 40 percent of women experience their first encounter with hospitals for reproductive services.
Jobs in limbo as St. Vincent buys out partner in neighborhood hospitals
The Indianapolis-based health system has agreed to buy out its joint-venture partner in the five small hospitals, which began popping up in central Indiana two years ago. St. Vincent did not comment on how many jobs could be affected.
Health care systems increasingly allowing patients to rate doctors
Indiana University Health and Community Health Network have joined the national trend of posting online reviews, in a quest to win prospective patients and boost transparency.
Indiana life-science companies raise record $115M in venture capital
In all, 35 companies raised venture funding across a wide spectrum of products from medical devices and biotech therapies to software and information services.