Immigration bill’s fate could be determined this week
The chairman of an Indiana House committee says he'll decide in the coming days whether the committee will take up a bill aiming for an Arizona-style crackdown on illegal immigration.
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Indiana House speaker questions immigration crackdown
Indiana's Republican House speaker said Thursday he had concerns about aspects of a proposal calling for an Arizona-style crackdown on illegal immigration moving through the Legislature.
Firm joins race with IU autism drug
The Indiana University School of Medicine has licensed a pediatric psychiatrist’s patent on
an alcohol-dependency drug that the doctor discovered improves the language and social skills of autism patients. IU has licensed the patent to Indianapolis-based Confluence Pharmaceuticals Inc.Friends taking next step in theater company’s growth
Best friends Cynthia Collins and Judy Fitzgerald open the seventh season of their theater company in the brand new Studio Theatre in Carmel’s Center for the Performing Arts.
Wishard gives IT firms in health and life sciences a place to test products
TechPoint-led initiative is meant to help bring inventions to market by giving them a trial in real-world setting.
Residential developer declares bankruptcy
John Swinehart, a former executive of Bruce Gunstra Builders Inc. who was involved in the Monon on Main project in Carmel, is seeking Chapter 7 bankruptcy protection. He lists liabilities of $8.3 million.
Judge gives probation to three men for water violations
U.S. District Judge Sarah Evans Barker sentenced 61-year-old Michael R. Milem of Carmel, 44-year-old Mark R. Snow of Brazil and Joseph T. Biggio, 51, of Illinois after accepting their guilty pleas for violating the Federal Clean Water Act.
Company news
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.
People
–Eric Covington has joined Bridge Real Estate Advisors Inc., Carmel, as a senior adviser of the company’s residential group.
–Leah Severson has joined Bridge Real Estate Advisors Inc., Carmel, as an adviser of the company’s residential group.
Leases/leasing contracts
-Superior Truck Service leased 28,000 square feet of industrial space at 5701 Elmwood Ave. The tenant was represented by Keith Dedrick of Corporate Commercial Group. The owner of the building, Mike Hoffman, represented himself.
-Thrifty Threads renewed its lease for 14,000 square feet at Northbrook Shopping Center, 1501 W. 86th St. The landlord, Township 86th & Ditch Road Realty Co. LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Flapjacks Restaurant leased 4,350 square feet at Chapel Hill Shopping Center, 7435 W.10th St. The landlord, Glendale Partners at Chapel Hill, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Re/Max Metro leased 2,800 square feet at 971 N. Delaware St. The tenant was represented by Keith Turnbill of Re/Max Select. The landlord, Jora Enterprises Inc., was represented by Matthew Broderick of Acorn Group Inc.
-Sweet Repeat Consignment leased 2,500 square feet at West Carmel Shoppes, 4335 W. 106th St., Carmel. The landlord, Lawndale Plaza LLC, was represented by Paul Rogozinski of Veritas Realty. The tenant represented itself.
-Bluegreen Vacations Unlimited Inc. leased 2,330 square feet of office space at 3500 DePauw Blvd. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Best Providers Inc. leased 2,000 square feet of office space at 8727 Commerce Park Place. The landlord, Dhillon Commerce Park LLC, was represented by Darrin Boyd and Dave Moore of Cassidy Turley. The tenant represented itself.-Fish to Go leased 2,000 square feet of retail space in 30th & Kessler Center at 2958-2960 Kessler Blvd. The tenant and landlord, DEWERCS One LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Dr. Moazamm Habib leased 1,928 square feet at 9240 N. Meridian St. The tenant was represented by Robert Marr of Veritas Realty. The landlord, 9240 N. Meridian LLC, was represented by Matthew Broderick and Mary Anne Tobin of Acorn Group Inc.
-Wuertz Law Office LLC leased 1,572 square feet of office space at 10 W. Market St. The tenant was represented by Pete Anderson of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Andy Martin of Cassidy Turley.
-The American Council of Engineering Companies of Indiana Inc. leased 1,269 square feet at 55 Monument Circle. The tenant was represented by John A. Crisp of Cassidy Turley. The landlord, Winthrop Management, was represented by Bennett M. Williams and Pete Anderson of Cassidy Turley.-Lionheart Tax & Accounting LLC leased 335 square feet of retail space in Fall Creek Harbour Shoppes, 10142 Brooks School Road, Fishers. The tenant and landlord, FCH Associates LLC, were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
Who’s Who in Banking and Finance – 2011
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.
PROXY CORNER: ITT Educational Services Inc.
Carmel-based ITT Educational Services Inc. provides technology-oriented, post-secondary education, including associate’s, bachelor’s and master’s degrees as well as non-degree programs.
People
VMS, an Indianapolis-based marketing firm specializing in pharmaceutical and biotechnology firms, has hired Phil Belt as its chief operating officer. Belt previously was a vice president at Credit Suisse, focused on private-equity investments in life sciences. Before that, he oversaw the product and corporate communications teams at Eli Lilly and Co.
Dr. Techsin T. Ty has been appointed medical director of Mississippi-based Great Lakes Home Health’s central Indiana service area. Ty practices internal medicine in Kokomo.
Dr. Steven G. Becker has been named interim assistant dean and interim director of the Indiana University School of Medicine’s Evansville branch. He succeeds Rex D. Stith, who had directed the Evansville campus for 18 years. Becker also will continue to serve as a professor of physiology.
Carmel-based CNO Financial Group Inc. hired John M. Bradley as vice president of product management for Medicare markets. Bradley, an actuary, comes from Illinois-based Combined Insurance Co.
ITT shares plunge on competitor’s enrollment woes
Shares of Carmel-based ITT Educational Services Inc. fell as much as 6.8 percent Tuesday morning after the largest player in its industry reported a 45-percent plunge in new-student enrollment.
Roundup: Cutco, Marshalls, Performance Bicycle, Sensu
Cutco is opening its first local store, Marshalls is replacing an off-price brother, Performance Bicycle plans a new store in Greenwood, and more.
Two arrested in Carmel after chase
A high-speed chase in Carmel early Friday morning ended in a crash and two people taken into police custody. Officers spotted a red Kia rental vehicle driving 100 mph on Keystone near 106th Street at about 3 a.m. They tried to pull the car over, but the driver took off. The car crashed at 146th Street and Greyhound Pass, where the road dead-ends. Police say the 57-year-old driver and a 29-year-old passenger appeared to be intoxicated.
Hamilton County resource center aids entrepreneurs of all ages
Spun off from the Hamilton County Alliance as a separate not-for-profit in early 2010, the Entrepreneurship Advancement Center offers assistance to county residents who aspire to own a business.