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Historic Market Street building gets new owner

The Corydon Group bought 125 W. Market St. Aug. 2 and will occupy the 4,200-square-foot top floor of the three-story building after renovations are finished in early November.

Indiana public schools wage unusual ad campaign

Struggling Indiana public school districts are buying billboard space, airing radio ads and even sending principals door-to-door in an unusual marketing campaign aimed at persuading parents not to move their children to private schools as the nation's largest voucher program doubles in size.

People

Dr. Stacy Williams has joined the medical staff at Danville Pediatrics, which is part of the Danville-based Hendricks Regional Health hospital system. Williams earned her medical degree at the Indiana University School of Medicine.

Dr. Tony GiaQuinta has joined Hendricks Regional Health’s group of pediatric hospitalists. GiaQuinta is a graduate of Wabash College and the Indiana University School of Medicine.

Dr. Samir Ginde has joined the adult hospitalist group at Hendricks Regional Health. Ginde holds a bachelor's degree in biology from Tufts University, a master’s degree in nutrition from Columbia University, and a medical degree from the Ross University School of Medicine.

The Community Physician Network, which is part of Indianapolis hospital system Community Health Network, added 14 orthopedic surgeons by acquiring two practices: the Sports Medicine Institute of Indiana and the Indiana Orthopedic Center. Community now has 19 orthopedic surgeons. The new surgeons are:  Dr. Louis Angelicchio, Dr. Herbert Biel, Dr.  Andrew Combs, Dr. Melton Doxey, Dr. Richard Eaton, Dr. Gregory Estes, Dr. Brett Fink, Dr. Ralph Kahn, Dr. Douglas Kuhn, Dr. Eric Leaming, Dr. Philip Sailer, Dr. Jon Sieber, Dr. Edward Todderud and Dr. Frank Wilson.

Company news

North Carolina-based Quintiles, a contract researcher for drug companies, will lease 12,000 square feet in the Pan Am building for the next five years in a move to get closer to Eli Lilly and Co., one of its major clients. The office, which initially will employ 50 people, is a collaborative project of the two companies, Quintiles spokesman Phil Bridges told the Triangle Business Journal. “The goal of the collaboration has been to develop an integrated approach to optimizing how [human drug] trials are conducted, eliminate costly inefficiencies and use ‘big data’ to drive better drug development decisions,” Bridges said. The office could employ as many as 65 by the end of the year.

Here’s one way to win over skeptical locals in your hometown market: spend $1 million. Indianapolis-based hospital system Indiana University Health, which took that name last year after being called Clarian, will give $1 million to Purdue University to help build a facility that will, in part, house a satellite campus of the IU School of Medicine. IU Health was formed in 1996 by a partnership between the IU medical school and Indianapolis’ Methodist Hospital. IU Health operates one of its hospitals, IU Health Arnett, in the back yard of Purdue’s main campus in West Lafayette. When they made the name change, IU Health executives acknowledged it might present challenges in Lafayette, but they said market research showed the name still was preferred to the vanilla Clarian.

The recent sale of a California-based medical device company sent some money back to Indiana. MindFrame Inc. was acquired for $75 million by Massachusetts-based Covidien Inc. That produced an undisclosed return for Indianapolis-based CHV Capital, the venture capital arm of the Indiana University Health hospital system as well as SV Life Sciences, a Boston-based venture capital firm that has received funds from the $58 million INext Fund raised by Indianapolis-based life sciences development group BioCrossroads. MindFrame develops devices for minimally invasive removal of blood clots from stroke patients. In addition to the cash from Indiana, the company also received technical help from students at Rose-Hulman Institute of Technology in Terre Haute and some consulting advice from participants in the Indiana Clinical and Translational Sciences Institute. “Our relationship with CHV Capital and IU Health became an important element of creating value in the business and was a natural extension of our fund-of-fund relationship with BioCrossroads and INext,” said David Milne, managing director of SV Life Sciences.

Bell Techlogix plans local expansion, 204 jobs

The provider of information technology services said it will lease, equip and renovate part of a 100,000-square-foot facility on the city’s northwest side as part of the $1.4 million expansion. Bell has about 450 employees in the metropolitan area.

GOP govs: Not enough Medicaid ‘flexibility’

The Obama administration is giving states like Indiana a little flexibility in how to expand their Medicaid programs—but nothing like what state officials hoped for after the U.S. Supreme Court struck down part of the law in late June.

WellPoint dragged into Goldman Sachs suit

WellPoint Inc.’s $4.9 billion offer for Virginia-based Amerigroup Inc. apparently wasn’t the only—or even the most lucrative—offer for the Medicaid managed care company. But it was the deal surest to come to fruition before a key deadline for a big payout for Goldman Sachs & Co., according to a shareholder lawsuit filed Aug. 16 against the Amerigroup board of directors.

Lucases put imprint to Hilbert mansion

Forrest and Charlotte Lucas kept original touches including a painting with original owner Steve Hilbert holding a spear, but otherwise aimed to make the mansion more casual. (with 360-degree photos)

Remodeling rebounds as homeowners opt to fix what they have

More homeowners are taking the plunge on pricey home remodeling projects—ranging from kitchens, bathrooms and basements to outdoor living areas and whole-house makeovers—after a roughly five-year lull that began with the housing downturn.

MotoGP race gets first two-time winner

Dani Pedrosa on Sunday became the first multiple winner of the MotoGP motorcycle race at the Indianapolis Motor Speedway. The Spanish rider also won the Indianapolis Grand Prix in 2010. Pedrosa led the fifth annual race the entire way after starting at the pole.
 

Anderson police dog dies after shooting

The Anderson Police Department has lost its second police dog in as many months. The dog, named Magnum, was shot in the head Saturday while chasing a bank robbery suspect. He had to be put to sleep Monday morning. The man accused of shooting Magnum, Joseph Turner, 22, is being held in the Madison County jail. Another Anderson K-9 officer, Kilo, died in July after being hit during a shootout in Pendleton.
 

Carmel named ‘Best Place to Live’

Carmel has been named the “Best Place to Live in America,” by Money magazine, the publication announced Monday morning in a ranking of the country’s best small cities. The city of 80,100 just north of Indianapolis was praised for its strong economy, affordable homes, low taxes, excellent schools, bike paths and the new performing arts center. Neighboring Fishers was the only other Indiana city on the list, ranking 12th.
 

Indiana State Fair falls short of attendance goal

This year’s Indiana State Fair drew 853,941 visitors during a 17-day run that ended Sunday, falling short of its attendance goal by about 20,000 people. The fair had aimed for overall attendance of 875,000, a figure based on the average number of visitors the past five years.