Bloomington-based Cook Medical announced a new division to capitalize on the growing market for minimally invasive procedures to fix problems in ears, noses and throats, as well as other maladies of the head and neck.
A large physician practice in Bloomington remains at an impasse with Anthem Blue Cross and Blue Shield of Indiana less than two months before their contract is set to expire.
Indianapolis-based St. Vincent Health will manage operations at Monroe Hospital in Bloomington under an agreement announced Sept. 4. Adding Monroe gives St. Vincent control of hospitals stretching from Indianapolis to Bedford and even farther south to Salem and Evansville. St. Vincent owns or operates 22 hospitals around the state. The only other Indiana hospital with that kind of geographic reach is Indianapolis-based Indiana University Health, which owns Bloomington Hospital. St. Vincent will oversee quality and safety efforts, physician relations, patient experience, finance and other functions to increase efficiency and reduce costs. The 32-bed facility, which opened in 2006, is owned by Alabama-based Medical Properties Trust Inc. Monroe has routinely lost money, including a loss of $13.2 million in 2011, according to hospital reports to the federal Medicare program, made available by the website AHD.com. Monroe had total patient revenue last year of $102.4 million. The hospital had been courting potential partners or buyers for at least two years. It entered discussions not only with St. Vincent, but also with Mishawaka-based Franciscan Alliance and Munster-based Community Healthcare System.
Nyhart Actuary & Employee Benefits has established its first office on the West Coast with its latest acquisition. Nyhart will add 15 employees by acquiring San Diego-based Epler Co., a regional actuarial, employee benefits and compensation-strategies firm. Nyhart now has 100 employees, including 70 at its headquarters in Indianapolis. Financial terms of the deal were not disclosed. The deal gives Nyhart new expertise on employee compensation, which it hopes will help bolster its pension business for private, church and public plans. Nyhart serves plans with $15 billion or more in assets, providing fund analysis, advisory services on employee compensation and retirement benefits, and actuarial work on health care issues. It is the third acquisition Nyhart has made in the last two years.
Tymora Analytical Operations LLC has received a $150,000 grant from the National Institutes of Health. The West Lafayette-based company will use the money to develop nanotechnology products that aim to help researchers analyze the adding of phosphate molecules to proteins in the body, a process that plays a role in cancer, Alzheimer’s disease and other maladies. Tymora’s leading product would allow researchers to detect multiple changes to proteins in a single experiment. The 2-year-old company has been funded by a grant from the National Science Foundation, an investment by Purdue’s Emerging Innovations Fund and winnings from business plan competitions.
Riley Hospital for Children at Indiana University Health will now make its pediatric specialists available at The South Bend Clinic. Riley specialists in cardiology, diabetes, gastroenterology, neurology and rheumatology will see patients from throughout the northern Indiana and southern Michigan regions. Riley's hospital facility in downtown Indianapolis treats children from all over Indiana and beyond the state's borders.
Almost two weeks after Angela Braly was forced out as WellPoint Inc. CEO, the management team she put in place has been told by the board it will stay, said Chief Financial Officer Wayne Deveydt.
The once high-flying Fundex is seeking to reorganize under the protection of bankruptcy as the lawsuits against the Plainfield-based company continue to pile up. Fundex lists assets of nearly $1.5 million and liabilities of $8.9 million.
A coalition of vegetable growers and food producers led by Indiana-based Red Gold Inc. will ease off their opposition to a new herbicide developed by Indianapolis-based Dow AgroSciences LLC.
War on women? The only one I see is the plight of the single mother suffering from broken commitments, her own poor choices, and an overwhelmed system poorly designed to serve her and her children.
After reading Barack Obama’s book “Dreams from My Father,” it became painfully clear that he has not been searching for the truth, because he assumed from an early age that he had already found the truth.
Purdue University’s Regenstrief Center for Healthcare Engineering will get another $10 million from the Indianapolis-based Regenstrief Foundation, keeping its research going through 2018.
Investors are trying to get more bang for their buck and are unwilling to rely on the Wall Street firms, many of which helped bring the global economy to its knees just a few short years ago, for their investment needs.
Marketing firm lines up almost two dozen clients, most of them based in Indiana.
Statewide syndicated radio show thrives despite doubters, host’s heart attack.
A trio of Indy theater productions looks at the good in the bad and the bad in the good
The university believes its School of Philanthropy will be the first in the world. The school will offer bachelor's, master's and doctoral degrees.
Luxury outlet malls—where upscale retailers such as Coach Inc. and Michael Kors Holdings Ltd. hawk discount goods—are now the main source of expansion for the Indianapolis-based real estate investment trust, the country’s largest.
Using banks as a sales channel also boosts business in what has been a languishing product segment.
IUPUI economics professor Richard Steinberg stands by his philanthropic theory, despite seeing his fundraising principles speared by a charity watchdog group and then by a cable news network. At issue is his belief that charities are justified in spending heavily on fundraising, because doing so positions them for long-term success.
You know things are bad in the fiercely competitive pharma industry when drugmakers start turning to each other for help. But that’s exactly what happened last week when 10 major drug companies—including Eli Lilly and Co.—joined forces to cut costs out of clinical trials.
Chicago-based recruiting firm Spencer Stuart & Associates Ltd. has previously led executive and board director hunts for companies including Facebook Inc., Comcast Corp., Talbots Inc. and Hewlett-Packard Co.
In the decade of the Great Depression, the 1930s, the population of Indiana grew 5.8 percent. Later, in the 1970s, a decade of great economic turmoil, the state’s population advanced 5.7 percent. The 1980s saw a strong recession and a subsequent restructuring of American business; Indiana’s population grew a mere 1 percent.
