State officials are advancing plans to privatize a state-run hospital for the mentally ill and now are looking for a not-for-profit
to build and manage a new facility in Indianapolis.
MDwise Inc., a locally based not-for-profit health care provider mostly for low-income individuals, has acquired IU Health Plan from IU Health Inc. for an undisclosed amount. IU Health is a health care network commonly known as IU Medical Group Primary Care or IUMG. MDwise will assume IUHP’s HMO network and become a member of the […]
Most observers assume there will be a confrontation between House Democrats, led by Speaker Pat Bauer, D-South Bend, and Republican Gov. Mitch Daniels this session. They suggest it’s like watching a hockey game and just waiting for a big fight. But confrontation need not be a synonym for breakdown , and while legislative Democrats and Daniels have some different philosophies about the role of government, they also have some basic agreements on just what should be accomplished before the end…
The Arch welcomes visitors to St. Louis. San Francisco’s Golden Gate Bridge ushers in the masses. And soon the Circle Gateway
Truss could greet travelers entering downtown Indianapolis.
The brutal murders of seven family members, including three children shot dead in their east-side Indianapolis home, cast a dark cloud over the city last summer. Yet the June slayings only served as a harbinger of a wave of violence that later claimed 15 lives in a 10-day span. The crime spree rattled city leaders so severely that Mayor Bart Peterson declared an emergency normally reserved for a natural disaster. 2006 no doubt ranked among the most deadly years in…
The year closed with two multibilliondollar buyouts of Indiana public companies-Carmel-based Adesa Inc. and Warsaw-based Biomet Inc. It was a fitting way to wrap up what was a record year for U.S. buyouts, many of them launched by deep-pocketed private equity firms. Adesa, an operator of auto auctions, announced Dec. 22 that it will be sold to a group of private-equity investors, including New York-based Goldman Sachs Group Inc., for $3.7 billion. Four days earlier, Biomet, a maker of orthopedic…
A court-appointed trustee in charge of Winona Memorial Hospital’s bankruptcy says he believes former owners fleeced it for
more than $4 million. But he has little to show from his two-year quest to recover money for creditors and now is winding
down the case.
This has been a strong year for your local business weekly. We take seriously our mission of providing readers with the best, most in-depth coverage of local business, so it is with a sense of both pride and gratitude that I report on our most successful year ever. Editor Tom Harton has called 2006 the Year of the Award. This year, IBJ won 18 news awards-eight of them gold-from three different organizations. Our coverage was recognized nine times by our…
Big changes at the Statehouse, including a shift to Democratic control in the House of Representatives and a leadership switch in the Senate, mean there are more unknowns and more unpredictability. Meanwhile, top issues such as health insurance, tax reforms and regulatory changes provide a minefield of concerns for small-business owners. New health insurance mandates could add to already skyrocketing premiums. New local taxing authority could increase the burden on small businesses. Changes to the state’s regulatory structure could dramatically…
Standard Management Corp. stock peaked five days into 2006 at $1.55. It’s spent the rest of the year in a free fall that observers believe will culminate with the company’s filing for bankruptcy. The Carmel-based pharmaceuticals distributor reported a $10 million loss in the third quarter, bringing losses for the first nine months of 2006 to $14 million. The red ink, along with executive turnover and a string of failed acquisitions, has sapped investor confidence. The company’s shares, which traded…
1992 was dubbed the “Year of the Woman,” when four women were elected to the U.S. Senate, but 2006 may be seen as the beginning of a new women’s political movement, says Marie Wilson, president of The White House Project, a Washington, D.C.-based group that’s working to advance women in political office. Indiana has made some strides, but 85 years after women won the hard-fought right to vote, the number of women in elected office at the national level hasn’t…
Navigating the intersection between creed and commerce can betricky. Fearing lawsuits, many companies prefer to avoid it whenever
possible. But others unabashedly intertwine religion and business.
There is growing agreement that the rich are getting richer faster than the poor are improving their lives. If you believe the trickle-down theorists, the poor will get the runoff as wealth is showered upon the few. If you look about, however, you will question this charming opinion held by the comfortable. At the same time, policies at the national and state levels continue to emphasize cutting the most important means we have of correcting this growing imbalance in America….
It’s probably not wise to admit this in a family-friendly publication, but one of my favorite comedians always has been George Carlin. The man has a genius for zooming in on the language we hear and use every day and finding nuances and symbolism that we never knew was there. Every time I land in an airplane, I have to laugh, because George Carlin reminded us how crazy it is for the pilot who landed at the same time we…
Pension and endowment funds across the country, including some in Indiana, are stepping up to the alternative-investment craps table holding a pair of dice. Should you care? Well, if you are a taxpayer, a pension beneficiary or a charitable contributor, your attention is required. The outcome of this massive reallocation of investment dollars may determine your future tax burden and the retirement security of millions of Americans. Fiduciaries are in the process of executing an enormous shift of money away…
Nov. 14 was a good day for Indianapolis. It was the day we learned the Diversity Leadership Academy of Greater Indianapolis is alive and well. Three years ago, I attended the academy in the inaugural year of a three-year program that was brought here by Atlanta-based American Institute for Managing Diversity. What facilitated its arrival in 2003 was a three-year sponsorship to the tune of more than a half-million dollars by Anthem, a local company that has been at the…
Center Township has real estate holdings worth more than $10 million, according to IBJ research. The township’s robust real estate portfolio—highly unusual for an Indiana township—fits Trustee Carl L. Drummer's vision for his taxpayer-supported office. But it makes others see red.
Organizational development isn’t usually my bag, but when I heard people using words like uplifting, inspiring, astonishing, cool, infectious and dynamite to describe an up-and-coming method, I decided to check it out. The method is appreciative inquiry, which is billed as a way of transforming organizations by trying to build on what’s right instead of analyzing what’s wrong. “You motivate people more through engaging in what’s positive,” said Ruth Purcell-Jones, president of Trustee Leadership Development Inc., a local organization that…
Four former top scientists at Eli Lilly and Co. have formed a Carmel-based company to develop diabetes therapies–a venture observers say has the potential to become the kind of blockbuster success BioCrossroads was built to stimulate.
Indianapolis-area office furniture dealers are awash with business, following a robust national trend that has lifted the industry beyond its lows of a few years ago. As businesses have begun to move into bigger quarters since 2003, they’ve naturally ordered desks, chairs and filing cabinets to fill the bigger space, local dealers said. “The industry is closer to where it used to be, but I don’t think we’ll ever again see the kind of activity we had in the mid-…
