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A lonely number for IPOs in Indiana: Calumet joins short list of Indiana companies to go public this decade

January 29, 2007

A little-known refining and petroleum products company on the city’s west side has the distinction of being the only company in the state to go public in 2006. Calumet Specialty Products Partners LP filed its initial public offering last January. It completed the process in June by selling 5.7 million shares of stock at $21.50 each, ultimately raising $122.5 million. Shares since have nearly doubled in value, thanks in part to rising prices in the petroleum industry. While Calumet’s decision…

Charities struggle to cultivate donors

January 22, 2007

Attracting people under 40 with money to give is one of the latest challenges faced by not-for-profit organizations. As fund-raisers
look toward cultivating the next generation of supporters, they see a younger generation that appears less inclined to do
so.

Doctor report cards may boost care, pay: New pay-for-performance model prepares for testing

January 22, 2007

The designers of a pay-for-performance plan for doctors are about to put their theories to work. The Quality Health 1st of Indiana program will start testing its unique system for measuring performance in the next three months, and it might lead to bonus payments for doctors by the second half of 2007. Big in-state insurers like M-Plan Inc. and Anthem Blue Cross and Blue Shield of Indiana back the initiative, and several large doctor groups have signed up, too, said…

VIEWPOINT: Let’s improve the health of working poor

January 15, 2007

On a cold and rainy day and wearing only a thin jacket, Maria walked eight miles to get help. She was pregnant and seeking prenatal care. Her husband had deserted her. The pervasiveness of unemployed and working-poor families presents a growing challenge. Most are underinsured or have no health insurance at all. That means our charity-care system is stretched to the maximum. One north-side center that provides care for the uninsured and underinsured has seen a 15-percent increase in patients…

State to privatize mental-health hospital

January 15, 2007

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 acquires IUMG network

January 8, 2007

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 […]

STATEHOUSE DISPATCH: Think the state’s awash in cash? Think again

January 8, 2007

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…

Circle Truss proposed as gateway landmark

January 1, 2007

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.

Business shoved aside: Readers say city should focus on crime, education in 2007

January 1, 2007

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…

Buyout frenzy hits Indiana firms:

January 1, 2007

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…

Winona Hospital litigation fizzles

January 1, 2007

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.

CHRIS KATTERJOHN Commentary: IBJ has big plans for coming year

December 25, 2006

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…

Small biz unsure about ’07: Legislative agenda is clear, but advocates still worried

December 25, 2006

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 continues perilous skid: Company reports more losses; stock value sinks

December 11, 2006

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…

Does gender matter in politics?: Despite high-profile wins, politics still remains a male-dominated field

December 11, 2006

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…

Mixing religion, business leads to risks, rewards

December 11, 2006

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.

EYE ON THE PIE: Time for progressive Indiana income tax?

December 11, 2006

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….

ECONOMIC ANALYSIS: Legislative process has its own language

December 4, 2006

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…

BULLS & BEARS: Alternative investments are the rage-so beware

December 4, 2006

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…

CHRIS KATTERJOHN Commentary: Working together on multiple fronts

November 27, 2006

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…

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People

Rachel Johnson

Articles

A lonely number for IPOs in Indiana: Calumet joins short list of Indiana companies to go public this decade

Charities struggle to cultivate donors

Doctor report cards may boost care, pay: New pay-for-performance model prepares for testing

VIEWPOINT: Let’s improve the health of working poor

MDwise acquires IUMG network

STATEHOUSE DISPATCH: Think the state’s awash in cash? Think again

Circle Truss proposed as gateway landmark

Business shoved aside: Readers say city should focus on crime, education in 2007

Buyout frenzy hits Indiana firms:

Winona Hospital litigation fizzles

CHRIS KATTERJOHN Commentary: IBJ has big plans for coming year

Small biz unsure about ’07: Legislative agenda is clear, but advocates still worried

Standard Management continues perilous skid: Company reports more losses; stock value sinks

Does gender matter in politics?: Despite high-profile wins, politics still remains a male-dominated field

Mixing religion, business leads to risks, rewards

EYE ON THE PIE: Time for progressive Indiana income tax?

ECONOMIC ANALYSIS: Legislative process has its own language

BULLS & BEARS: Alternative investments are the rage-so beware

CHRIS KATTERJOHN Commentary: Working together on multiple fronts