Marian to delay med school opening until fall 2013
The Indianapolis university originally hoped to open state’s second medical school in fall 2012, but that time line proved too aggressive.
The Indianapolis university originally hoped to open state’s second medical school in fall 2012, but that time line proved too aggressive.
Being an accountable care organization will be the major leagues of health care after the federal Medicare program set a high bar for the new kind of doctor-hospital organization.
Visionary Enterprises Inc., a subsidiary of Indianapolis-based Community Health Network, appointed Dr. Larry Monn as chief operating officer. VEI oversees Community’s joint ventures with physicians. Monn, who has been VEI’s chief medical officer since 2007, fills the position left vacant by Kyle Fisher, who was promoted to CEO of VEI. Monn, a plastic surgeon, earned his medical degree from the Indiana University School of Medicine.
Alliance Home Health Care hired Dr. Charles F. Hasbrook as its medical adviser. Hasbrook currently serves as the medical care provider at Larue Carter Hospital Primary Care Clinic. He earned his medical degree from IU School of Medicine.
The IU Melvin and Bren Simon Cancer Center has added six research fellows: Dr. Helmut Hanenberg focuses on DNA repair disorders in children; Susan Hickman is developing a research program focused on decision-making in patients with advanced cancer; Yan Liu investigates how stem cells in the blood remain dormant and renew themselves; Brenna McDonald studies leukemia, breast cancer, epilepsy and traumatic brain injury on patients' brains; Kevin Rand studies hope, optimism and life goals among cancer patients, and how they relate to treatment decisions and well-being; and Nathan Stupiansky explores cancer prevention and cancer vaccines, such as the HPV vaccine.
Rick Holigrocki, a clinical psychologist, has been named dean of the School of Psychological Sciences at the University of Indianapolis. He has been serving as acting dean since August. He received his doctorate in clinical psychology from the University of Windsor.
In the not-too-distant future, scientists tell us, we will regard the debilitating side effects of chemotherapy agents as akin to the bleeding therapy administered by 19th century country doctors. And a Purdue University chemist has developed a tool to help make the future of laser-guided cancer therapies a reality. W. Andy Tao has developed a nanopolymer that can be coated with drugs, enter cells and then be removed to determine which proteins in the cells the drug has entered. Knowing which proteins are targeted would allow drug developers to test whether new drugs target only desired proteins or others as well. Eliminating unintended protein targets could reduce the often-serious side effects associated with cancer drugs. Tao said there currently is no reliable way to test drugs for “off-targeting.”
Indianapolis-based Medical Animatics, a 3D animation company, is making a foray into the game business. The company will develop a game for kids ages 6-12 to help them learn safe behaviors at home, in their neighborhoods, at school or at a park. Medical Animatics will develop the game for Ohio-based Nationwide Children’s Hospital. Health games designed to be both educational and enjoyable are being developed by two other companies with Indiana ties—Bloomington-based Wisdom Tools LLC and Indianapolis-based Gabriel Entertainment, as well as by growing numbers of developers around the country. Medical Animatics also develops 3D animated instructional and informational materials for the health care, higher education and sports industries.
Northern Indiana's Manchester College plans to begin work this summer on its new $18 million pharmacy school. School spokeswoman Jeri Kornegay said Thursday that a ground-breaking for the 75,000-square-foot building in Fort Wayne is expected early this summer, possibly in June. Until the building is complete in July 2012, the college's School of Pharmacy will continue to occupy space at Parkview Hospital in Fort Wayne, about 30 miles east of North Manchester. The project is supported by a $35 million grant from Lilly Endowment that's the largest gift in the college's history. While pharmacy schools have opened on a rapid pace around the nation in recent years, Indiana is one of 18 states with a shortage of pharmacists. Manchester’s will be the third in Indiana offering doctorates in pharmacy, joining schools at Butler University in Indianapolis and Purdue University in West Lafayette.
Mishawaka-based Franciscan Alliance plans to spend $8.4 million to open an administrative center in Greenwood, creating nearly 85 jobs in the next four years. The Catholic health care system, formerly known as Sisters of St. Francis Health Services, will buy, remodel and equip the 96,505-square-foot freestanding building at 1040 Sierra Drive. The administrative center—dubbed the Franciscan Ambulatory Business Office—will house all physician billing operations for the organization’s 13 hospitals in Indiana and Illinois. Franciscan Alliance employs 18,200, including 556 physicians, and expects to grow its physician team to more than 630 next year. Hiring at the administrative center should begin in April as renovations are made. Franciscan Alliance is the second hospital system to announce plans recently to consolidate operations in central Indiana. In October, St. Louis-based Ascension Health, the parent organization of St. Vincent Health, decided to locate a $10.9 million professional service center in Indianapolis, creating up to 500 jobs by 2013.
U.S. News & World Report ranked the best hospitals in the Indianapolis area based on the ones that have medical specialty groups of either national prominence or high performance on such metrics as survival, safety, staffing, technology and patient volumes. Topping the list was the downtown medical complex of Clarian Health, now called Indiana University Health. The academic medical center—which includes Methodist, IU and Riley hospitals—ranked nationally in 11 areas, including gastroenterology, urology, geriatrics, orthopedics, neurosurgery and cancer. It also scored as high-performing in gynecology. Coming in second in the ranking was St. Vincent Indianapolis Hospital, which scored as high-performing in 12 specialties. Other hospitals in the local top five were IU Health North Hospital, St. Vincent Carmel Hospital and, in a tie for fifth place, St. Vincent Heart Center and Wishard Health Services.
Physicians are regarded as smart, successful and helpful when you’re sick—but not usually as a big driver of the economy. Now, however, physician trade groups are arguing that docs are good for business too.
In this installment of IBJ's Who's Who series, meet key members of the city’s banking and finance sector. They include bankers, fund managers, venture capitalists, lawyers, financial planners and others who influence the movement and availability of money in the local economy.
The Mishawaka-based Franciscan Alliance plans to spend $8.4 million to open an administrative center in Greenwood, creating 84 jobs in the next four years.
The Warsaw-based maker of orthopedic implants has filed suit to stop a Detroit-area law firm from making allegedly false claims and using its trademarks on websites designed to attract plaintiffs to sue Zimmer over one of its knee-replacement implants called NexGen.
China remains a small market for Eli Lilly and Co. It generated $320 million in sales for the company in 2010, just 1.3 percent of its $23 billion in sales worldwide. But Lilly has big ambitions in China and is racing to capitalize on its rapid economic growth.
It was a good but not great year financially for three of the four largest hospital systems operating in the Indianapolis area last year—and hospital analysts are expecting several head winds to continue.
My company is a member of our local chamber of commerce, and I’m about as pro-business as anyone can be. But that does not require me to be anti-union.
Community Heart and Vascular added Dr. Jo Mahenthiran as its 12th physician. Mahenthiran specializes in non-invasive cardiology and cardiac imaging. Most recently, he was an associate professor of clinical medicine and the director of cardiac imaging at the Krannert Institute of Cardiology at Indiana University. The practice is part of Indianapolis-based Community Health Network.
Robert Wade has joined Indianapolis-based Krieg DeVault LLP’s health care practice as a partner in the law firm’s Mishawaka office. His practice concentrates on hospitals, ambulatory surgical centers, physician groups, physicians and other medical providers. Wade is the creator of Captain Integrity, www.captainintegrity.com, a compliance program resource used by many hospitals, health systems and other providers.
Dr. Paul E. Driscoll has been selected as medical director for St. Francis Medical Group after serving in that position on an interim basis for several months. A family physician, Driscoll will continue to oversee clinical operations of the 140-member physician group, which is owned by Franciscan St. Francis Health. Driscoll is a graduate of the University of Maryland School of Medicine.
Harold Berfiend has been named chief operating officer of Indiana University Health Ball Memorial Hospital. Berfiend is a former controller for IU Health, when it was called Clarian Health. He came to Ball Memorial as chief financial officer after Clarian acquired the Muncie hospital in 2008.
Indianapolis-based SonarMed Inc. has named William DeMars its vice president of sales and marketing. DeMars will orchestrate the 2011 U.S. market launch of SonarMed’s Airwave system, which monitors breathing tubes for patients requiring ventilators. DeMars was previously the vice president of business development for Minnesota-based Ashmak, a medical consultancy.
Zimmer Holdings Inc. and Biomet Inc., both based in Warsaw, are among the bidders for AstraZeneca Plc’s Astra Tech, a Swedish unit that makes dental implants and medical devices, reported Bloomberg, citing two people with direct knowledge of the matter. Astra Tech may sell for $1.8 billion to $2.1 billion, according to a research note by analysts at Sanford C. Bernstein. Astra Tech, which also makes medical devices for urology and surgery, had sales last year of $535 million. It employs 2,200 and operates in 16 markets. Separately, Zimmer won a $13.5 million contract to sell orthopedic implants to the U.S. Department of Defense. The new contract is guaranteed for one year, with the possibility of four one-year renewals.
Elanco, the animal health unit of Indianapolis-based Eli Lilly and Co., which this month agreed to acquire Johnson & Johnson’s European animal health unit, also had its eyes on another target, according to a Reuters report. A now-abandoned joint venture between the animal health businesses of New Jersey-based Merck & Co. Inc. and France-based Sanofi-Aventis SA anticipated selling off some assets for roughly $1 billion, according to unnamed sources cited by Reuters. The news agency reported that Elanco paid roughly $300 million to Johnson & Johnson, in order to acquire 50 animal health medicines sold under the name Janssen Animal Health. Elanco is the world’s fourth-largest animal health company, with $1.4 billion in annual revenue.
How’s this for financing drug development? Even though it hadn’t brought a single product even close to the market, Carmel-based Marcadia Biotech Inc. was sitting on $37 million in cash when it agreed to sell itself in December to Switzerland-based Roche. The money piled up not from venture capitalists but through Marcadia’s research partnerships with large pharmaceutical companies, primarily with New Jersey-based Merck & Co. Inc. “Our venture-capital firms were going crazy. They never had a company that had to pay taxes,” said Fritz French, former CEO of the 11-person firm, which had attracted $15 million from investors early in its existence. French and his management team sold Marcadia for $287 million, with the possibility of reaping $250 million more if one of Marcadia’s experimental diabetes drugs makes it to market.
Elkhart General Healthcare System and Memorial Hospital and Health System of South Bend have agreed to merge. The two hospitals signed a memorandum of understanding to develop a parent organization that will operate both systems. Memorial CEO Phil Newbold will lead the combined organization. According to Newbold, the affiliation will attract more physicians to engage with the new system and help direct its future. “Together, Elkhart General and Memorial will have more than 700 highly skilled, well-trained physicians on staff. This shared medical expertise will enable us to attract even more specialized professionals to the area and produce the region’s highest quality of care,” Newbold said. Memorial Hospital boasts 526 beds. Elkhart General has 325 beds.
Indiana University Health is the latest system to drill employees ranging from clerks to physicians in how to treat patients.
Eli Lilly and Co.’s chief of neuroscience research, who announced his departure last month, was actually poached from Lilly by New Jersey-based Johnson & Johnson, according to the Wall Street Journal. Dr. David Bredt, who had been Indianapolis-based Lilly’s vice president of neuroscience discovery research and clinical investigation, started at Johnson on Feb. 28. Bredt came to Lilly in 2004 from the University of California at San Francisco Medical School, leading the company’s crucial Alzheimer’s research. He is the second top-level executive Lilly has lost this year. In January, John Johnson, the company's chief of oncology, resigned to become CEO at New Jersey-based Savient Pharmaceuticals Inc.
A life sciences networking group that got started in Philadelphia is now starting a chapter in Indianapolis. Pharma Thursday tries to connect professionals in the drug, device, diagnostic and biotech industries—regardless of which company they work for—as well as academic researchers. The first Indianapolis event takes place April 21 at 6 p.m. at Rock Bottom Brewery downtown. Pharma Thursdays started in November 2008 and reached 1,000 participants in Philadelphia in September 2010. The group also has chapters in Princeton, N.J., New York City and South Florida.
Lafayette-based Subaru of Indiana Automotive is the latest Hoosier employer to add an on-site health clinic, breaking ground on the facility last week. Managed by Florida-based WeCare TLC, the center will provide care to Subaru workers, retirees and dependents, once it opens this summer. Tom Easterday, Subaru of Indiana’s executive vice president, said the on-site clinic should help reduce employees’ health care costs and give them added care to improve their overall health.
In the latest acquisition of physicians by a local hospital system, Franciscan St. Francis Health has acquired Indy Southside Surgical, adding five general surgeons to its St. Francis Medical Group stable of physicians. Indy Southside Surgical had been affiliated with the St. Francis hospital system since 1989. The practice, which has offices in Indianapolis and Mooresville, includes Dr. David Mandelbaum, Dr. Jonathan Mandelbaum, Dr. Donald King, Dr. Matthew Libke and Dr. Mark Edwards. All earned their medical degrees at the Indiana University School of Medicine.
The failure of its drug Bydureon to match the performance of Novo’s Victoza trims but doesn’t kill sales prospects for the highly touted diabetes drug.
-Krunchers Inc. leased 132,000 square feet of industrial space at 1105 E. Northfield Drive in Eaglepoint Business Park. The tenant was represented by Tom Cooler of CB Richard Ellis. The landlord, KTR Capital Partners, was represented by Luke Wessel and Bart Book of Cassidy Turley.
-Agrium Advanced Technologies leased 17,840 square feet at the Jefferson Building, 5945 W. 84th St. The tenant was represented by Dustin Looper of Colliers International. The landlord, Northwest Industrial Centre LLC, was represented by Bart Book and Donald Treibic of Cassidy Turley.
-Homeplex Furniture extended by one year its lease for 6,080 square feet at Castleton Place, 5836-5896 E. 82nd St. The landlord, The Broadbent Co., was represented by Broadbent's John Beuoy. The tenant represented itself.
-Smee’s Place extended by one year its lease for 4,908 square feet at North Willow Commons, 1400 W. 86th St. The landlord, The Broadbent Cos., was represented by Broadbent’s Ray Bunes. The tenant represented itself.
-Beyond.com leased 4,131 square feet of office space at 3077 E. 98th St. The tenant was represented by Pete Alveal of Altura Commercial Real Estate. The landlord, BREOF Keystone REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-St. Vincent’s Physician Network LLC leased 3,300 square feet at 475 E. Northfield Drive, Brownsburg. The tenant was represented by Bruce Gordon of Duke Realty. The landlord, Executed Corners LLC, was represented by Jacque Haynes of Cassidy Turley.
-Toddler’s Choice Inc. leased 3,012 square feet of office space at 8109-23 Center Run Drive. The landlord, BREOF Castleton Park REO LLC, was represented by Dave Moore and Darrin Boyd of Cassidy Turley. The tenant represented itself.
-Puccini’s renewed its lease for 2,400 square feet at North Willow Commons, 1400 W. 86th St. The landlord, The Broadbent Cos., was represented by Broadbent’s Ray Bunes. The tenant represented itself.
-First Secure Staffing Solutions leased 2,015 square feet at Madison Trace Business Center, Exit 19 and Interstate 69, Pendleton. The landlord, Tower Pendleton LLC, was represented by Thomas Willey of Mathewson Willey Realty Advisors. The tenant represented itself.
-Mane Street Hair Styling renewed its lease for 1,600 square feet at Northbrook Shopping Center, 1421, W. 86th St. The landlord, 86th & Ditch Road Realty Company LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Donatos Pizza leased 1,600 square feet at Greenwood Place, U.S. 31 South and Shelby Street. The tenant was represented by Jeff Hubley of Midland Atlantic. The landlord, The Broadbent Co., was represented by Broadbent's Jeff Roberts.
-Louie’s Tux Shop leased 1,600 square feet at Greenwood Place, U.S. 31 South and Shelby Street. The landlord, The Broadbent Co., was represented by Broadbent's Jeff Roberts. The tenant represented itself.
-Slim and Fit leased 1,600 square feet at 141st Street Shoppes, 141st Street and State Road 37, Fishers. The landlord, The Broadbent Co., was represented by Broadbent’s Brian Broadbent. The tenant represented itself.
-Check Into Cash leased 1,600 square feet at Castleton Shoppes, 6024-6066 E. 82nd St. The landlord, The Broadbent Co., was represented by Broadbent's John Beuoy. The tenant represented itself.
-Abbotts Also extended for one year its lease for 1,600 square feet at Clearwater Crossing, 3800-3900 E. 82nd St. The landlord, The Broadbent Co., was represented by Broadbent's John Beuoy. The tenant represented itself.
-Abbotts Also extended for one year its lease for 1,600 square feet at Greenwood Place, U.S. 31 South and Shelby Street. The landlord, The Broadbent Co., was represented by Broadbent's Jeff Roberts. The tenant represented itself.