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Indiana school voucher expansion scaled back

The House Ways and Means Committee removed a provision that would have opened the voucher program to current private school students by not requiring them to first spend at least one year in public schools.

Residential

The average rate for 30-year mortgages rose from 3.76 percent to 3.79 percent in the week ended Feb. 13, according to Bankrate.com. The rate for 15-year mortgages rose from 3.00 percent to 3.02 percent.

Construction

-Kort Builders has completed a 3,120-square-foot retail space for Scrubs & Beyond at 6810 S. Emerson Drive.

-Kort Builders has completed the exterior and interior renovation of an 8,860-square-foot Cort Furniture at 4904 Century Plaza Road.

People

The local office of Jones Lang LaSalle has promoted John Robinson from executive vice president to managing director, Adam Broderick from vice president to senior vice president and Stacy Hofinger from senior associate to vice president.

IU docs in middle of Community-Wishard deal

The new partnership between Community Health Network and Wishard Health Services could put a third health care entity in an awkward position: the Indiana University School of Medicine. Virtually all of the nearly 1,100 physicians who practice at Wishard Memorial Hospital and its community clinics come from the IU medical school.

Leases/leasing contracts

-Heartland Food Products Group leased 112,080 square feet of industrial space at 8460 Bearing Drive. The tenant was represented by Fritz Kauffman and Don Treibic of Cassidy Turley. The landlord, Biynah Industrial Partners LLC, was represented by Michael Weishaar and Todd Vannatta of Cassidy Turley.

-facadeTek Inc. leased 90,400 square feet in Park 100, Building 74, 5102-5160 W. 76th St. The landlord, Duke Realty, was represented by Duke's Jay Archer. The tenant represented itself.

-America’s Floor Source leased 51,611 square feet lease in Hunter Creek Business Park, Building 2, at 33rd Street and Post Road. The tenant was represented by Matt McGrady and Mike Lubbers of Summit Realty Group. The landlord, Duke Realty, was represented by Duke's Jay Archer.

-NovaFlex Hose, Inc. renewed its lease for 20,232 square feet of space in Park 100, Building 68, 7802-52 Moller Road. The landlord, Duke Realty, was represented by Duke's Jay Archer. The tenant represented itself.

-4S Petro Inc. leased 14,700 square feet of retail space at 1229 N. Bluff Road. The landlord, Young & Young, was represented by Bo Leffel and John Byrne of Cassidy Turley. The tenant represented itself.

-Aaron’s Rents leased 11,500 square feet at 4407 Lafayette Road. The tenant was represented by Michael Cranfill of Sitehawk Retail Real Estate. The landlord, Woodrow J. and Betty L. Lane, was represented by Wayne O’Hara of Sitehawk Retail Real Estate.

-O'Reilly Auto Parts leased 6,510 square feet of retail space at 3520 Mann Road. The landlord, InSite Real Estate Development LLC, was represented by John Byrne of Cassidy Turley. The tenant represented itself.

-Finance Center Federal Credit Union leased 6,000 square feet of retail space at 5410 5540 E. 82nd St. The landlord, American National Insurance Co., was represented by Bill French of Cassidy Turley. The tenant represented itself.  
 
-The Trustees of Indiana University leased 5,909 square feet in Park 100, Building 102, 5980 W. 71st St. The landlord, Duke Realty, was represented by Duke's Jay Archer, Kate Ems and Adam Seger. The tenant represented itself.

-Ports of Indiana leased 5,681 square feet of office space at 150 W. Market St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, NEA Properties Inc., was represented by Matt Langfeldt of Summit Realty Group.

-NICO Corp. leased  5,621 square feet in One Parkwood, 250 E. 96th St. The tenant was represented by Scott Lindenberg of Reliant Partners. The landlord, Duke Realty, was represented by Duke's Traci Kapsalis.
 
-Garrison Law Firm renewed its lease for 4,268 square feet at Castle Creek II, 8720 Castle Creek Parkway. The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord, LUBS 2007-C2 Castle Creek Parkway  LLC, was represented by Matt Langfeldt of Summit Realty Group.

-PR Capital Management LLC leased 4,111 square feet at 9100 Keystone Crossing. The tenant was represented by Jon Hardy of Coldwell Banker Commercial Real Estate. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.  
 
-Academy Allergy Asthma & Sinus subleased 3,737 square feet of office space in Riverview Medical Arts Building, 1450 Prairie Lakes Blvd., Noblesville. The tenant was represented by Richard R. King III of Lee & Associates. The sublessor, Indiana Oral & Maxillofacial Surgery Associates, was represented by Thomas Cortese of Acorn Group.

-Eckstein Holdings LLC, dba The Box Shoppe, leased 3,541 square feet of industrial space at 9715 Kincaid Drive, Fishers. The tenant was represented by Kelly Williams and Ray Simons of Cassidy Turley. The landlord, Meritex, was represented by Brian Buschuk of Jones Lang LaSalle.

-Procter & Gamble RHD Inc. leased 2,407 square feet at 8900 Keystone Crossing. The tenant was represented by David Mennell of Jones Lang LaSalle. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.   

-Vein Clinics of America Inc. leased 2,190 square feet at 9000 Keystone Crossing.  The tenant was represented by Zane Brown of CBRE. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby Cooper Zito of Jones Lang LaSalle.       

-Chicago Title leased 1,600 square feet of retail space at Eden Gate Shoppes I, 9166 E. U.S. Highway 36, Avon. The tenant was represented by Jean Bottiani-Thompson of Orion Real Estate. The landlord, Lauth Group, was represented by Greg Smith of Colliers International.

-Vu Tran leased 1,415 square feet of retail space in Raceway Commons, 55 S. Raceway Road. The landlord, Raceway Commons Baceline LLC, was represented by Robyn Smart and Scot Courtney of Lee & Associates. The tenant represented itself.

Sales/acquisitions

-Celadon Realty LLC bought 7.5 acres of land at 3255 N. Post Road. The buyer was represented by Brian Zurawski of Summit Realty Group. The seller, Duncan Supply Co. Inc., was represented by Ross Reller of Colliers International.

-TCC Real Estate Holdings LLC bought two commercial buildings totaling 38,000 square feet and 3.6 acres of land at 1002 and 1022 E. 52nd St. The buyer was represented by Brooke Augustin Sipe of Alliance Commercial Group. The seller, 52nd Street Realty LLC, represented itself.

-Marathon Petroleum Co. bought a 1.25-acre outlot at Geist Landing of Fishers, 116th Street and Olio Road, Fishers. The buyer was represented by Bob Byrne of Edge Commercial Real Estate. The seller, Thompson Thrift Development, was represented by Ashlee Boyd of Thompson Thrift.
 
-Victory House bought a 10,000-square-foot former post office on 1.07 acres at 2025 E. Southport Road. The buyer and seller, Rosalind Spodik, were represented by Keith Turnbill of RE/MAX Select.

Med school names six finalists for dean

Half of the candidates to replace retiring dean Dr. Craig Brater are from the IU medical school and the other half are outsiders, according to a release issued Monday by the Indiana University School of Medicine.

People

Mark Dahlby has joined Indianapolis-based health care law firm Hall Render Killian Heath & Lyman as an associate attorney. Dahlby counsels health care providers, medical-device manufacturers and other life sciences clients on regulatory and compliance issues, as well as on transactions. Dahlby holds a bachelor’s from the University of Wisconsin at La Crosse and earned his law degree at the University of Wisconsin Law School.

The Indianapolis-based regulatory consultancy Anson Group has added Gregory Davis as a principal regulatory consultant. Davis, whose expertise is in biosimilar drugs, earned his doctorate in analytical chemistry from Purdue University.

Company news

Former Amerigroup Corp. CEO Jim Carlson will leave WellPoint Inc., the company told Bloomberg News—three days after he lost a bid for the top job at the Indianapolis-based health insurer. Carlson will leave WellPoint on Feb. 28, according to a statement e-mailed by company spokeswoman Kristin Binns. He had joined the nation's second-largest health insurer in December, after WellPoint closed its $4.9 billion acquisition of Amerigroup. WellPoint named Joe Swedish, CEO of the not-for-profit hospital system Trinity Health Corp., to be its next leader, ending a six-month search. Carlson, 60, was among the other candidates under consideration. “After helping close the Amerigroup transaction and assisting over the past six weeks with the integration of the two companies, Jim Carlson will be leaving WellPoint effective Feb. 28,” WellPoint said in the statement. While Carlson had signed a contract to remain with WellPoint for two years, the pact allowed the two sides to part under “changed circumstances,” said Carl McDonald, a Citigroup analyst, in a Feb. 13 note to clients. The WellPoint statement didn’t mention Carlson’s contract. Binns declined to comment when asked how Carlson’s contract would be handled. WellPoint said last month that Richard Zoretic, Amerigroup’s former chief operating officer, would run its Medicaid business.

In a combative Feb. 13 letter to the Obama administration, Indiana Gov. Mike Pence asked the federal government to approve a three-year extension of the Healthy Indiana Plan health savings accounts in lieu of an expansion of a federal Medicaid system. "Medicaid is broken. It has a well-documented history of substantial waste, fraud and abuse. It has failed to keep pace with private market innovations that have created efficiencies, controlled costs and improved quality," he wrote to U.S. Health and Human Services Secretary Kathleen Sebelius. According to the Associated Press, the Indiana Family and Social Services Administration requested a waiver from the Centers for Medicare and Medicaid Services, seeking to enroll residents who earn up to 138 percent of the federal poverty line in the HIP program — a move that would effectively cover roughly 400,000 residents through health savings accounts instead of traditional Medicaid. The 2010 Patient Protection and Affordable Care Act had called for all states to expand eligibility to the traditional Medicaid program for all residents making up to 138 percent of the federal poverty limit. House Minority Leader Scott Pelath, D-Michigan City, said Pence's move puts thousands of jobs at risks by playing politics with the expansion. It's unclear whether the federal agency in charge of Medicaid will sign off on a longer extension and expansion of the Indiana program. The agency approved a one-year extension last month but ruled out minimum payments. Former Gov. Mitch Daniels sought a three-year extension of the program in 2011, but was rejected.

Bioanalytical Systems Inc. swung to a profit in the quarter ended Dec. 31, the West Lafayatte-based company announced Feb. 14. The company, which conducts preclinical testing for pharmaceutical companies, earned $139,000 during the quarter, or 2 cents per share, compared with a loss in the same quarter a year ago of $1.5 million, or 21 cents per share. But revenue in the quarter fell 23 percent, compared with a year ago, to $5.8 million. Jacqueline Lemke, who was recently named CEO after serving in the role on an interim basis, said in a prepared statement: "With the notable exception of revenue, all of our operating metrics moved decisively in the right direction in the first quarter compared to the prior year. We believe these improvements are sustainable.”

A federal audit recommended that the Indiana Medicaid program refund more than $5.8 million because it failed to ensure that Logansport State Hospital had complied with special conditions for psychiatric hospitals. The audit, released Friday by the Office of Inspector General of the U.S. Department of Health and Human Services, said the hospital failed to demonstrate it met staffing and medical-record requirements from the start of 2008 through the end of 2010. So the inspector general thinks the state of Indiana should refund all federal funds used to pay that hospital during that time period—about $5.84 million—as well as any federal funds paid after 2010 if the hospital continued to be out of compliance.  It's unclear whether Indiana will need to refund all the recommended amounts or when that would happen. Audits usually begin a period of negotiations between the two sides. The agency that administers the Indiana Medicaid program, the Family and Social Services Administration, issued a brief statement Friday saying the agency disagrees with the audit findings and plans to work with the federal government to reach "a reasonable resolution."

Dutch diagnostics maker Qiagen NV will work with Eli Lilly and Co. to develop companion tests that could identify patients who could be helped by Lilly's drugs. According to the Associated Press, the companies did not disclose terms of the new collaboration, but described it as a "broad" partnership that will cover "all therapeutic areas." In September 2011, Qiagen started working with Indianapolis-based Lilly on a test designed to identify patients who might be helped by an experimental blood cancer drug. In July 2012, the U.S. Food and Drug Administration approved a genetic test Qiagen developed that is designed to help doctors more quickly determine which late-stage colon cancer patients will respond to the drug Erbitux and which won't benefit from the treatment. Erbitux is marketed by Lilly and Bristol-Myers Squibb Co. In January, Lilly partnered with a unit of Agilent Technologies Inc. to develop a test that can identify cancer patients who could benefit from an experimental cancer drug Lilly is developing.

Purdue ag school gets $65M from anonymous donors

Purdue President Mitch Daniels said Monday in a statement that the gift is "a tremendous vote of confidence" for the university and its College of Agriculture. It is Purdue's largest-ever donation from individuals.

UPDATE: Primary care at heart of hospitals’ deal

Community Health Network’s new partnership with Wishard Health Services will create a primary-care behemoth that the systems argue will put them in the best position possible to handle the changes coming from federal health reform.

Decision could come soon on Don Marsh severance claim

The issue will be decided by Judge Sarah Evans Barker, who presided over a two-week civil trial that saw a federal jury return a $2.2 million judgment against the former CEO of Marsh Supermarkets Inc. late Friday night.

20-year-old held in baby’s death

Jared Tapley, 20, is awaiting formal charges after police said a 4-month-old baby in his care died Saturday. Two days earlier, authorities were called to the 3600 block of North Euclid Avenue, where a baby girl was found not breathing. Medics transported the infant to Riley Hospital for Children at Indiana University Health. Once she arrived, homicide detectives were notified of suspicious injuries that ultimately claimed her life. Tapley, the boyfriend of the baby’s mother, was arrested after an investigation.

Late medics to be honored Wednesday

Public safety officials have set a Wednesday memorial service for two medics who died after their ambulance collided with a car downtown last week. The public memorial for 22-year-old Cody Medley of Indianapolis and 24-year-old Tim McCormick of Greenwood will be at 10 a.m. at Clowes Memorial Hall on Butler University’s campus. McCormick’s funeral is scheduled for Tuesday. He was pronounced dead at the scene of the 3:30 a.m. Saturday crash near the Indiana Statehouse. Medley died early Sunday from his injuries. The cause of the accident remains under investigation.

Danica could bring IMS $1.5 million plus pay day

It's a long way between Daytona and Indianapolis. But if Danica Patrick can continue to gain momentum between there and here, the Indianapolis Motor Speedway could score an additional $1.5 million or more in July.

Community, Wishard to form joint operating agreement

The partnership will create a new board to oversee and coordinate the operations of both systems, according to internal messages sent to Community stakeholders. Community Health CEO Bryan Mills will be the CEO of the new joint-operating entity.