With the housing market on the mend, the Builders Association of Greater Indianapolis decided the time was right to reintroduce the show, which gives the public an opportunity to tour newly built custom homes.
Three former employees of Eli Lilly and Co. allegedly transferred trade secrets that Lilly values at more than $55 million to a competing Chinese drug company, according to an indictment unsealed Tuesday in federal court.
Bring in the relationship experts to label this one. St. Vincent Health and Monroe Hospital in Bloomington have pulled back from their “strategic alignment”—which had St. Vincent managing Monroe’s operations but was a step short of a merger—and will instead settle for a clinical partnership for cardiology, orthopedic and critical care services. Longtime St. Vincent executive Joe Roche, who had led the attempt to integrate the systems, will now become the CEO of Monroe Hospital, starting Monday. “We are appreciative for the opportunity to have explored integration options with Monroe Hospital, and to continue our clinical partnerships to serve the residents of Bloomington and surrounding communities,” Ian Worden, interim CEO of St. Vincent Health, said in a prepared statement. The Bloomington market is dominated by St. Vincent’s archrival, Indianapolis-based Indiana University Health, which owns IU Health Bloomington Hospital there. Monroe, which boasts 32 inpatient beds, was having financial difficulties and had been looking at a partnership with Franciscan St. Francis Health before it struck its deal with St. Vincent last year.
Less-than-expected profit in emerging markets and a decline in the Japanese yen could make it difficult for Eli Lilly and Co. to meet a goal of at least $20 billion in revenue next year, the Indianapolis-based drugmaker said Thursday. But the company said it would cut costs, if necessary, to reach its other 2014 goals of $3 billion in profit and $4 billion in operating cash flow. “I am confident in our outlook to return to a period of growth and expanding margins,” Chief Financial Officer Derica Rice said in a statement. Lilly will also take a hit from Obamacare. The 2010 law, known as the Patient Protection and Affordable Care Act, required drugmakers to give larger rebates to federally funded health plans and will add a tax onto all U.S. sales of prescription drugs. Those impacts, as well as Obamacare's elimination of a tax benefit for retiree drug coverage, will cost Lilly about $500 million this year. But Lilly might also see its sales hampered by the Obamacare exchanges, the online marketplaces that started Tuesday in all 50 states. That's because health insurers, in an attempt to keep premiums low, are creating narrower formularies that exclude some drugs from coverage. Similarly, insurers are creating "narrow networks" that offer coverage for fewer doctors and hospitals.
Indiana University Health plans to eliminate 935 workers in Indianapolis, Carmel, Fishers and Muncie, according to documents filed by the hospital system with the state. The cuts will affect 746 in Indianapolis at Methodist Hospital, Riley Hospital for Children, University Hospital and IU Health Physicians. In Carmel, 67 will be cut at IU Health North Hospital. Two will be trimmed at Saxony Hospital in Fishers. In Muncie, IU Health plans 120 cuts at Ball Memorial Hospital. IU Health employs about 36,000 statewide. It says it's looking to save $1 billion in costs over the next four years. The Indianapolis-based system said last month it must make the cuts because fewer patients have been coming to hospitals, and payment rates for its services have been declining.
-Capitol Construction has completed a 30,000-square-foot office build-out for American Specialty Health at 12318 Hancock Drive, Carmel.
-Capitol Construction has completed a 2,500-square-foot office build-out for Franklin American at 8555 River Road.
-Mattingly Construction was awarded and has begun construction of a 3,432-square-foot office build-out for MS-IL Staffing at 4933 W. 38th St.
Marlow’s Café closed in September after more than three decades on State Road 32 in Westfield, and a new restaurant is set to take over the breakfast-and-lunch spot.
In the rambling style of Arlo Guthrie’s classic song, a review of his concert at the Palladium. Feel free to sing along.
The Columbus-based chain stakes a claim in Central Indiana. First in a month-long series of reviews of restaurants in recently rehabbed spaces.
Early investors in KAR Auction Services are looking savvy. Since November 2012, KAR shares have marched steadily higher, rising from $12.25 to nearly $29.
Butler’s 5-year-old, student-managed investment fund is believed to be the single largest such fund among colleges in Indiana. That big pot of money brings pressure on students.
Three tea party members testified Thursday against the $1.3 billion proposal that lawmakers delayed last session and sent to a study committee for review.
St. Louis-based Drury Hotels Co. is planning a 10-story hotel and stand-alone restaurant for 10 acres of undeveloped land overlooking Interstate 465 on the southern edge of Carmel.
As a parent of a young adult with autism and as a leader of an applied behavior analysis (ABA) therapy center focused on autism, I know firsthand about the challenges in finding appropriate and affordable insurance coverage to support special needs children.
Indiana University Health now says it will cut more than 900 jobs in a reorganization. That's at least 100 more than announced nearly three weeks ago.
Governors and mayors normally talk as if they are personally responsible for bringing jobs to their states and communities. This is nonsense.
Our public dialogue about competing with other states often focuses on development tools, tax policy, infrastructure and the like. These are surely some of the hard-edge elements of any sensible approach to building Indiana’s economic future.
Gander Mountain plans to open a store in Avon, Wal-Mart is expanding its presence in the metro area, and an Irish pub has opened downtown in space that’s had trouble keeping a longtime tenant.
Confession time: I’ve played hooky from my regular reporting duties twice in as many months—and I plan to do it again. (And again and again.)
Remains found in a shallow grave near a Montgomery County farm in May have been positively identified through DNA testing as those of a Carmel businessman who was murdered in 1996, investigators said Thursday. Craig Roberts, 47, who owned a landscaping firm, disappeared before Thanksgiving nearly 17 years ago. Employee John David Smith was convicted of murdering Roberts in 2001 in a case based on circumstantial evidence. Smith, who is serving a 95-year-sentence, told investigators where to find the body.
Officials at Clay Terrace in Carmel are working on plans to open a dog park on a vacant patch of land along U.S. 31, south of St. Vincent Sports Performance.
