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Company news

March 29, 2011

Indiana University Health has canceled plans for a $73 million administrative office building at 16th Street and Capitol Avenue to instead purchase the Gateway Plaza tower at 10th and Illinois streets. The Indianapolis-based hospital system is still moving forward with construction of a $120 million neurosciences hub across the street from its Methodist Hospital campus. But IU Health officials, without being specific, said the price was too good on Gateway Plaza—where the hospital system already rents 130,000 square feet and employs 750 workers. The building currently has 80 percent of its 270,000 rentable square feet leased. But the looming departures of IU Health as well as the IU Foundation—which recently bought its own building along the Central Canal—could have quickly reduced occupancy to 20 percent. IU Health also bought the 1,200-space parking lots adjacent to the building.

Six Indiana hospitals were named to Thomson Reuters' annual list of the nation’s top 100 health care facilities. They included St. Vincent Indianapolis Hospital, the flagship hospital of Indianapolis-based St. Vincent Health. Also making the list were Columbus Regional Hospital, Community Hospital in Munster, Kosciusko Community Hospital in Warsaw, Memorial Hospital & Health System in South Bend, and Reid Hospital & Health Care Services in Richmond. The Thomson Reuters 100 Top Hospitals study evaluates performance in 10 areas: deaths; medical complications; patient safety; average patient stay; expenses; profitability; patient satisfaction; adherence to clinical standards of care; post-discharge deaths; and re-admission rates for patients suffering a heart attack, heart failure and pneumonia. The study has been conducted annually since 1993.

Purdue University ranked No. 47 on a list of the institutions worldwide with the most articles published last year in the widely cited Nature research journals. U.S. institutions occupied 33 of the top 50 positions, with Harvard University topping the list. The index is available here. The Nature journals primarily publish articles disclosing basic research findings in life, physical and chemical sciences. The journals focus less on applied scientific or engineering research. The index is a collaboration between Nature Publishing group and Digital Sciences, a sister division of Macmillan Publishers Ltd.division of Macmillan Publishers Ltd.

State GOP pushing expansive voucher program

March 29, 2011

Indiana's Republican leadership is pushing ahead with a proposal that would be the nation's broadest use of school vouchers, allowing even middle-class families to use taxpayer money to send their kids to private schools.

Zimmer goes on offensive against lawyers

March 29, 2011

The Warsaw-based maker of orthopedic implants has filed suit to stop a Detroit-area law firm from making allegedly false claims and using its trademarks on websites designed to attract plaintiffs to sue Zimmer over one of its knee-replacement implants called NexGen.

Indiana Senate approves marriage amendment

March 29, 2011

The Indiana Senate on Wednesday overwhelmingly OK’d a proposed amendment to the state constitution that would ban gay marriage and civil unions.

WellPoint gets vote of confidence

March 29, 2011

Health reform will make health insurance a less-profitable business, but WellPoint Inc. got a vote of confidence from bond analysts because health-reform rules have turned out milder than expected and WellPoint’s financial performance has been particularly strong as the economy recovers.

Inflation worries push consumer confidence lower

March 29, 2011

Shoppers' worries about juggling rising gas and food prices and other household costs pushed the Consumer Confidence Index down sharply in March.

New York firm wins Steak n Shake ad account

March 29, 2011

Indianapolis-based restaurant chain selects Kirshenbaum Bond Senecal & Partners as agency of record for its $18 million advertising account, ending about two years of uncertainty surrounding its marketing efforts.

Organic-food delivery service growing its operations

March 29, 2011

Indianapolis-based Green B.E.A.N. Delivery planted a seed here four years ago, and now the organic food-shipping service is cultivating its own 60-acre farm in Sheridan.

Prosecutor seeks adult court for teen shooter

March 29, 2011

The Morgan County prosecutor’s office filed a motion Monday to waive juvenile court jurisdiction for the teenager accused of shooting a student last week at Martinsville West Middle School. Prosecutors want the 15-year-old suspect charged as an adult for attempted murder, aggravated battery, carrying a handgun without a license on school property and other charges. A hearing on whether to hand the case over to the adult court is scheduled for April 18. The suspect is in custody at a Johnson County juvenile detention facility. Victim Chance Jackson, 15, has been upgraded from critical to serious condition after two surgeries.
 

Smoking at airport ends in arrest

March 29, 2011

An intoxicated traveler was arrested after using an emergency exit to take a smoke break at Indianapolis International Airport Monday night. Airport police say Michael Rogers of Bloomington lit a cigarette inside Concourse A. When a security staff member told Rogers he was not allowed to smoke in the airport, he became uncooperative and opened a secure door to a gate bridge. Two Delta ramp workers stopped Rogers before he could get to the tarmac. He was arrested for public intoxication, criminal trespass and other charges.
 

Homeowner interrupts robbery

March 29, 2011

A west-side Indianapolis homeowner said he came downstairs at around 10:40 Monday night to find three intruders in his house in the 600 block of Livingston Avenue. Nicholas Lyman said two of the men were trying to take his TV. A third guy grabbed him from behind and put a knife to his neck. Eventually the robbers took off in a white Ford F-150 pickup. Lyman, who was cut in the incident, was taken to the hospital, but is expected to be OK.
 

ITT shares plunge on competitor’s enrollment woes

March 29, 2011

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.

Indiana budget faces hundreds of possible changes

March 29, 2011

More than 330 proposed amendments to the state budget bill were listed online as of Monday night, and Republican House Speaker Brian Bosma said more are pending.

IBJ movie night: ‘Win Win’

March 29, 2011

Win tickets to an April 7 screening of the terrific (yes, I’ve seen it) new film.

Whitestown interchange lands $8M travel plaza

March 29, 2011

A growing distribution hub anchored by Amazon.com and MedcoHealth Solutions along Interstate 65 in Boone County has inspired plans for an $8 million truck stop and travel plaza.

Indiana Subaru plant slowing output due to shortage

March 29, 2011

Subaru of America is slowing production at its Lafayette plant because of a temporary auto parts shortage caused by Japan's devastating earthquake and tsunami.

Subaru pic

Bill Cook, medical device magnate and philanthropist, dies at 80

March 28, 2011

The founder of Bloomington-based life sciences giant Cook Group Inc. and the wealthiest man in Indiana leaves a legacy of dozens of historic structures saved from decay or demolition. He also was a major donor to Indiana University and its athletics department.

Outdoor concerts announced for Symphony, The Lawn

March 28, 2011

Arlo Guthrie among ISO guests at Conner Prairie; Florence + The Machine + more downtown.

Task force seeks more diversity

March 28, 2011

A public-safety personnel diversity task force has issued a report calling for changes in the way Indianapolis hires police and firefighters. The report, issued by a 30-member mayoral task force, found fewer than 14 percent of local police and fire personnel are non-white, even though the city has a black population of 28 percent. The task force said it supports a return to the “80-20 policy” that based 80 percent of promotions strictly on testing and seniority, but allows flexibility to fill out the ranks with minority candidates.
 

New parking rates take effect

March 28, 2011

The price to park at meters in downtown Indianapolis and in Broad Ripple has gone up. On Monday, a rate hike, along with expanded hours subject to fees, went into effect. Hourly rates jumped from 75 cents to $1. Rates will be in effect from 7 a.m. to 9 p.m. Parking previously was free after 6 p.m. Rates will jump again in January to $1.50 an hour in most locations. About 1,200 retrofitted meters, which allow users to pay with a credit card, have been installed. The rest are scheduled to be installed later this spring and summer.
 

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