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Plans are taking shape to transform a three-block stretch of Georgia Street in downtown Indianapolis into a pedestrian-friendly
corridor connecting the expanded Indiana Convention Center to Conseco Fieldhouse.
The Carmel-based life and health insurer earned $33.9 million in the quarter, more than 38 percent higher than during the
same quarter a year earlier. Nearly all of that increase, however, was due to lower losses on investments and debt modifications.
Linda Bratcher has been named director of the Indiana University School of Medicine Office of Graduate Medical
Education, overseeing training of its more than 1,000 post-graduate medical trainees. Bratcher succeeds Nancy Baxter, who
served as director for 26 years prior to her retirement at the end of January.
Alon Harris, a professor of ophthalmology and physiology, has been appointed director of clinical research
for the Eugene and Marilyn Glick Eye Institute at the Indiana University School of Medicine.
Ernest Vargo II, a senior consultant at Greenwood-based fund-raising firm Johnson Grossnickle & Associates,
will become president and CEO of Wishard Foundation in June. Vargo takes over for Jim Wood, who resigned last year. Vargo’s
top priority will be guiding the foundation’s $50 million capital campaign for the construction of the $754 million
Wishard Hospital expected to be finished by 2014.
No can do. Indiana Gov. Mitch Daniels was one of 15 who told the federal government they don't want to help create a
temporary high-risk insurance pool. The pools, which would end when the new federal health law creates insurance exchanges
in 2014, would be funded with $5 billion. But Daniels, in a letter to the U.S. Department of Health and Human Services, said
he fears that money will run out before 2014 and Indiana will have to pick up the bill. Daniels noted that Indiana already
operates its own high-risk insurance pool, in which about 7,000 Hoosiers participate. "In the end this was not a close
call for Indiana," Daniels wrote to the feds. "The risks Indiana is being asked to take are well beyond any range
of acceptability." A report by the Web site Politico.com noted that most Republican governors, like Daniels, have told
the feds to create the exchange on their own while most Democratic governors have said they would help.
Oops. Shares of Indianapolis-based WellPoint Inc. have tumbled 8.4 percent since math errors and other mistakes
forced the company to withdraw its requested rate hake for individual policies in California. That’s the infamous 39-percent
hike (25 percent on average) that President Obama seized on to reignite his push for health reform, which became law on March
23. California insurance regulators, after investigating WellPoint’s rate-hike application, said it was based on flawed
data, according to the Associated Press. WellPoint withdrew the application and said it would try again, perhaps within a
month. But investors didn’t wait. They launched a selloff that dumped WellPoint shares to their lowest level since November.
SonarMed, based in West Lafayette, will receive about $450,000 over two years from the National Institutes
of Health to adapt its airway monitoring system to neonatal patients. SonarMed’s product uses acoustic technology to
catch and prevent movement or obstruction of the tube, both of which can harm patients. Neonatal patients are especially vulnerable,
according to SonarMed, because slight movements of the breathing tube in their small, short tracheas can lead to serious complications.
The technology was developed at Purdue University and licensed to SonarMed by Purdue Research Foundation's Office of Technology
Commercialization.
Researchers at Indiana University School of Medicine have identified a mechanism that causes inflammation
in asthma, excema, and other allergic diseases, which could help drugmakers develop new medicines to control those conditions.
In research reported in the June 2010 issue of the journal Nature Immunology, the IU research team found that a regulatory
factor called PU.1 activates a newly discovered type of T-cell, which appears in higher concentrations in patients with allergic
disease. “Effectively targeting PU.1 to prevent its activation could lead to improved treatments for patients who must
deal with the inflammation caused by these allergic diseases,” said Mark H. Kaplan, professor of pediatrics and of microbiology
and immunology at the IU School of Medicine in Indianapolis. Kaplan recently received a $1.9M grant from the National Institutes
of Health to continue research on this factor.
The Indianapolis-based hospital system, which has 16 hospitals as far afield as LaPorte, Hartford City and Paoli, can
now associate with all its facilities the name of the school that trains the majority of doctors and nurses throughout the
state.
Indiana has now received nearly $50 million in federal bucks to digitize health care around the state. But the latest grant—$16
million to the Indiana Health Information Exchange—comes with specific, ambitious goals for health care providers.
Brightpoint Inc. provides worldwide distribution and integrated logistics services to the wireless communications industry.
General Growth said the hearing before U.S. Bankruptcy Judge Allan Gropper has been moved from Wednesday to Friday.
The central Indiana area has been selected as one of 15 communities that will share in $220 million worth of grants for pilot
projects to test health-care information technology.
Indiana has missed budget projections for nine out of the last 10 months. April tax collections hit their lowest mark since
2004.
A Fountain Square family business will shut its doors for good after the murder of its owner. In operation for 60 years, Pedigo Jewelers is closing in the wake of last month’s robbery and murder of 55-year-old owner David Pedigo, who inherited the business from his father. The suspect, Michael Inman, is facing murder charges.
A Fountain Square family business will shut its doors for good after the murder of its owner. In operation for 60 years, Pedigo
Jewelers is closing in the wake of last month’s robbery and murder of 55-year-old owner David Pedigo, who inherited
the business from his father. The suspect, Michael Inman, is facing murder charges.
US Airways is struggling to explain how a checked bag ended up in a retention pond 24 miles southeast of the Indianapolis
International Airport. Passenger David Dever said he waited in baggage claim Sunday night until he could wait no more. He
took a taxi home, because his car keys were in the missing luggage. The next day, his bag was found in a retention pond at
the Sundance Apartments off Southport Road. Dever said a couple of children's gifts from his trip to New York City were
missing, as well as a pair of running shoes. Airport police and US Airways are investigating.
Searchers found a missing Indianapolis 8-year-old Tuesday morning hiding in a crawl space inside his home. Jaelen Parker was
last seen at 6 p.m. Monday walking away from his home in the 100 block of West Kansas Street after an argument with his mother.
Police and firefighters spent hours last night and again this morning canvassing the neighborhood, even interviewing registered
sexual offenders who live in the area. Fox59 will have more 4 p.m.
General Hotels Corp. will manage five more hotels in Indiana and Ohio.
The project will create an event-friendly corridor from the expanded Indiana Convention Center to Conseco Fieldhouse.
The administration is gearing up to produce tougher regulations that may reduce the amount of federal financial aid flowing
to for-profit colleges such as locally-based ITT Educational.
Louis Simpson bilked investors of $948,500 by claiming to operate a program with the Department of Housing and Urban Development.
In the 5th District, they’ll decide whether to pick Rep. Dan Burton for what would make 30 years in Congress. In the neighboring
4th District, the likely replacement for retiring Rep. Steve Buyer will be determined.
