Fort Wayne-based Star Financial Bank, which is trying to recover some of the more than $23 million it loaned for the condominium project, submitted the only bid for it on Wednesday. The bank said several potential buyers are interested in the property.
Officials on Thursday shared details of a long-term plan to redevelop an industrial stretch northwest of downtown with the goal of attracting hundreds of residents and dozens of high-tech companies to the area.
The city of Indianapolis plans to announce a major initiative to turn a stretch of 16th Street northwest of downtown into a hub for biotechnology and other high-tech companies.
Dr. Cherri D. Hobgood has been named professor and chair of the Indiana University School of Medicine's Department of Emergency Medicine. She will assume her new duties July 11, pending approval by the IU board of trustees. Most recently, Hobgood served as an associate professor and vice chairwoman of the Department of Emergency Medicine at the University of North Carolina at Chapel Hill. She succeeds Dr. Rolly McGrath, who has served as the emergency medicine chairman since 1999.
Indianapolis-based TriMedx, which helps hospitals and health care facilities keep their medical equipment running as it ages, in part by helping to train the hospital’s own staff to do maintenance and repair, named two new directors of sales. Al D’Andrea, based in Chicago, previously worked at MedGyn Products, Medical Outsourcing Services, McKesson and Baxter Healthcare. Glenn Phillips, based in Philadelphia, previously worked at NightHawk Radiology Services, Siemens, Elekta Oncology Systems and Philips. TriMedX is a subsidiary of St. Louis-based Ascension Health, the parent organization of Indianapolis-based St. Vincent Health.
Mayor Greg Ballard wisely put a spotlight on the reintegration of ex-offenders into society when he created the city’s Office of Re-entry in 2008. The effort had piles of promise.
Teen's brainstorm results in internationally recognized not-for-profit that promotes computer literacy and safety, including programs for financial literacy and computer repurposing for donation to Indianapolis areas in need of the technology.
At a time when the not-for-profit sector is buzzing with terms like “scaling impact” and “venture philanthropy,” few native not-for-profits have sown seeds outside Indiana. Leaders and funders emphasize the need the serve the local market first.
When schools have well over half of their students not even passing end-of-course assessments for core subjects, how can they prepare students for life in the real world?
The state is moving to adopt a system that ensures more high school graduates can perform in college or on the job.
Indianapolis-based WellPoint Inc. agreed to acquire CareMore Health Group to expand Medicare coverage in California, Arizona and Nevada. The insurer paid almost $800 million, according to people familiar with the deal.
Colts pony up $400,000 as part of bid package to bring Big Ten Football Championship to Indy from 2012-15.
Colts' owner Jim Irsay likely will score more than 10 percent of the total economic impact from the Big Ten Championship football game with little capital outlay.
A federal experiment of accountable care organizations produced lackluster results, adding to withering criticism of federal rules proposed for ACOs. But local hospital systems like Indiana University Health aren’t backing away from the idea.
The willingness of Indiana to challenge the federal government and risk a huge financial penalty could take the issue into uncharted legal and political territory.
When customers are few, it’s time for a price cut. With only 177 Hoosiers signed up for the federal Pre-Existing Condition Insurance Plan created by the 2010 health reform law, the U.S. Department of Health and Human Services decided to drop premiums 26 percent. Now adults aged 45-54 can buy into the plan for $284 per month or $295 for a health savings account. The plan was created by the Patient Protection and Affordable Care Act (a.k.a. health care reform) to provide coverage to Americans until 2014, when health insurers will no longer be allowed to deny coverage based on pre-existing conditions. Nationwide, only 18,000 people have signed up for the plan—far below expectations. The department cut prices 40 percent or more in 17 states. In addition, the government will begin paying insurance agents and brokers this fall for connecting eligible participants to the Pre-Existing Condition Insurance Plan.
Roche Diagnostics Corp. landed an $11.4 million contract to provide laboratory testing services at military hospitals in the Washington, D.C., area. Switzerland-based Roche operates its North American diagnostic headquarters out of Indianapolis, where it employs 2,900 people. The new contract with the Medcom Contracting Center North Atlantic was awarded May 19 and will run until Sept. 30, but has four one-year renewal options. Roche equipment will conduct tests of blood and other fluids at the Walter Reed National Military Medical Center in Bethesda, Md., as well as the new Fort Belvoir Community Hospital in Virginia. Roche Diagnostics sells mid- and high-volume laboratory analyzers, such as its new cobas 8000 machine, to hospitals and academic medical centers. It also sells diagnostict machines for use by physicians in their offices and for other small-scale situations. In all, Roche's professional diagnostics business accounts for one-third of its total North American sales, or about $880 million. Roche Diagnostics also makes tests for diabetes and genetic traits, as well as gene sequencers and other diagnostic equipment. Its North American sales totaled $2.6 billion last year.
International Medical Group Inc., an Indianapolis-based seller of international health insurance policies, had signed a marketing partnership with a subsidiary of Marsh & McLennan Companies, the New York-based insurance and consulting firm. IMG’s products, which provide coverage for and coordination of medical care to individuals and groups while traveling abroad, will be marketed nationally under the Gateway brand name.
In a monthly feature that runs in the first issue of the month, through October, IBJ is identifying influential players in eight different industry categories. Formidable brainpower sums up the individuals included in our list of Who’s Who in Life Sciences.
Christamore House, a west-side community center that was in danger of closing its doors last year, recently hired an Eli Lilly and Co. retiree as executive director. Bill Scott, 57, took on the job to give back to the Haughville neighborhood where his grandmother and other relatives lived.
