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“3 Generations of Divas”

 

March 26

Palladium

A concert featuring double Grammy winner Jane Monheit would be a solid entry in anyone’s jazz series (she proved she’s a hit when she played the Cabaret at the Columbia Club last season). Give a listen to her here. 

A concert with quadruple Grammy winner Dianne Reeves would be an equally impressive score on a season schedule. A sample? Click here. 

Put them together, though—and add 16-year-old Nikki Yanofsky to the mix (Hear her here.), and you have the makings of a night to remember for a long, long time. Alas, I can’t make it Saturday, but I’m confident this will be the concert I most regret missing all year. Details here.

 

People

Community Heart and Vascular added Dr. Jo Mahenthiran as its 12th physician. Mahenthiran specializes in non-invasive cardiology and cardiac imaging. Most recently, he was an associate professor of clinical medicine and the director of cardiac imaging at the Krannert Institute of Cardiology at Indiana University. The practice is part of Indianapolis-based Community Health Network.

Robert Wade has joined Indianapolis-based Krieg DeVault LLP’s health care practice as a partner in the law firm’s Mishawaka office. His practice concentrates on hospitals, ambulatory surgical centers, physician groups, physicians and other medical providers. Wade is the creator of Captain Integrity, www.captainintegrity.com, a compliance program resource used by many hospitals, health systems and other providers.

Dr. Paul E. Driscoll has been selected as medical director for St. Francis Medical Group after serving in that position on an interim basis for several months. A family physician, Driscoll will continue to oversee clinical operations of the 140-member physician group, which is owned by Franciscan St. Francis Health. Driscoll is a graduate of the University of Maryland School of Medicine.

Harold Berfiend has been named chief operating officer of Indiana University Health Ball Memorial Hospital. Berfiend is a former controller for IU Health, when it was called Clarian Health. He came to Ball Memorial as chief financial officer after Clarian acquired the Muncie hospital in 2008.

Indianapolis-based SonarMed Inc. has named William DeMars its vice president of sales and marketing. DeMars will orchestrate the 2011 U.S. market launch of SonarMed’s Airwave system, which monitors breathing tubes for patients requiring ventilators. DeMars was previously the vice president of business development for Minnesota-based Ashmak, a medical consultancy.

Company news

Zimmer Holdings Inc. and Biomet Inc., both based in Warsaw, are among the bidders for AstraZeneca Plc’s Astra Tech, a Swedish unit that makes dental implants and medical devices, reported Bloomberg, citing two people with direct knowledge of the matter. Astra Tech may sell for $1.8 billion to $2.1 billion, according to a research note by analysts at Sanford C. Bernstein. Astra Tech, which also makes medical devices for urology and surgery, had sales last year of $535 million. It employs 2,200 and operates in 16 markets. Separately, Zimmer won a $13.5 million contract to sell orthopedic implants to the U.S. Department of Defense. The new contract is guaranteed for one year, with the possibility of four one-year renewals.

Elanco, the animal health unit of Indianapolis-based Eli Lilly and Co., which this month agreed to acquire Johnson & Johnson’s European animal health unit, also had its eyes on another target, according to a Reuters report. A now-abandoned joint venture between the animal health businesses of New Jersey-based Merck & Co. Inc. and France-based Sanofi-Aventis SA anticipated selling off some assets for roughly $1 billion, according to unnamed sources cited by Reuters. The news agency reported that Elanco paid roughly $300 million to Johnson & Johnson, in order to acquire 50 animal health medicines sold under the name Janssen Animal Health. Elanco is the world’s fourth-largest animal health company, with $1.4 billion in annual revenue.

How’s this for financing drug development? Even though it hadn’t brought a single product even close to the market, Carmel-based Marcadia Biotech Inc. was sitting on $37 million in cash when it agreed to sell itself in December to Switzerland-based Roche. The money piled up not from venture capitalists but through Marcadia’s research partnerships with large pharmaceutical companies, primarily with New Jersey-based Merck & Co. Inc. “Our venture-capital firms were going crazy. They never had a company that had to pay taxes,” said Fritz French, former CEO of the 11-person firm, which had attracted $15 million from investors early in its existence. French and his management team sold Marcadia for $287 million, with the possibility of reaping $250 million more if one of Marcadia’s experimental diabetes drugs makes it to market.

Elkhart General Healthcare System and Memorial Hospital and Health System of South Bend have agreed to merge. The two hospitals signed a memorandum of understanding to develop a parent organization that will operate both systems. Memorial CEO Phil Newbold will lead the combined organization. According to Newbold, the affiliation will attract more physicians to engage with the new system and help direct its future. “Together, Elkhart General and Memorial will have more than 700 highly skilled, well-trained physicians on staff. This shared medical expertise will enable us to attract even more specialized professionals to the area and produce the region’s highest quality of care,” Newbold said. Memorial Hospital boasts 526 beds. Elkhart General has 325 beds.

Health insurers diversify away from regulations

One year after President Obama signed the health reform overhaul, health insurers are buying less-regulated companies in a bid to offset the lower profits and growth they expect the law to cause.

Self-funded plans draw small-firm interest

In the face of new health reform restrictions, expect more small employers to opt for self-funded health benefits, concludes a report this week from Indianapolis-based United Benefit Advisors.

Drugmakers call off animal-health deal, possible asset sale

Drugmakers Merck & Co. and Sanofi-Aventis SA have abandoned plans to combine their animal-health businesses after wrestling with regulators for a year over potential divestitures.
Indianapolis-based Eli Lilly and Co. was among a list of possible suitors for about $1 billion in assets the two companies considered selling.

Driver crashes into south-side home

A 23-year-old man suffered a fractured neck, a concussion and a cut on his head when he crashed his car into the front of a south-side Indianapolis home early Tuesday morning. Resident Donald Sumpter was sitting on his living room couch about 12:30 a.m. when the car crashed into the home off Thompson Road between Madison and Keystone avenues. He was unharmed, but the driver was taken to Methodist Hospital in critical condition. The cause of the crash is under investigation.

Man dies after hotel shooting

A 28-year-old Indianapolis man died at Wishard Hospital Monday night after being shot in the chest in a hotel on the city’s west side. The shooting took place at America’s Best Value Inn in the 3700 block of North High School Road about 8 p.m. Police found the victim in the hallway on the second floor of the hotel. Police did not immediately know of a motive or suspects.

Man dies in Noblesville crash

A man was killed Tuesday morning in Noblesville when his white 2010 Chevrolet Camaro left the road and crashed head-on into a tree. The single-car crash occurred on East 191st Street between Moontown Road and Old Chicago Road about 12:30 a.m. Police said alcohol and drugs are not suspected in the incident, but high speeds were likely a factor.

Software services firm plans 500 jobs in Evansville

SS&C Technologies said it will create the jobs by investing about $3.9 million to open a service and technology center in the southwestern Indiana city. The company will begin hiring immediately and expects to begin operating in the second quarter of 2011.

United Way annual campaign raises $38.2M

United Way of Central Indiana’s 2010 annual campaign fell short of its ambitious $41 million goal, but donations nearly matched the 2009 total.

Minneapolis firm buys Fishers business park

Meritex purchased 306,408-square-foot business park out of foreclosure from Wells Fargo Bank. The previous owner, Kobra Properties, had fallen into bankruptcy.

Brightpoint stock sinks on proposed AT&T deal

Brightpoint Inc. stock slumped more than 15 percent Monday after AT&T Inc. announced a $39 billion agreement to buy T-Mobile USA from Deutsche Telekom AG. It continued to slip Tuesday morning.

Daniels signs book deal

The book is scheduled to come out in September and is being billed by Sentinel as a reminder of "America's urgent need for limited but more effective government, fiscal discipline at all levels, increased liberty for individuals, and a restoration of our national greatness.”

Healthy Indiana Plan expansion opposed by some

Indiana wants to use its public health savings account program for low-income adults to cover people who will become newly eligible for Medicaid under the federal health care law beginning in 2014.