Noble Roman’s boosts profit in 2009
Indianapolis-based Noble Roman's Inc. improved its bottom line in 2009, reporting a $1.7 million profit despite revenue
that dropped 16 percent to $7.5 million.
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Indianapolis-based Noble Roman's Inc. improved its bottom line in 2009, reporting a $1.7 million profit despite revenue
that dropped 16 percent to $7.5 million.
Simon Property Group Inc. is considering raising its $10 billion buyout offer for rival shopping mall owner General Growth
Properties Inc. as early as this week.
An attorney for a union representing some 2,100 people who worked at two Visteon plants in Indiana argued Tuesday that many
are facing hardship, and that the order should be stayed pending an appeal to a federal district court judge.
Historically low bond rates will help the parent corporation of Wishard Health Services build hospital for less money
than expected.
Dr. Daniel P. Read has opened a surgical practice at Hendricks Regional Health in Danville. Read served
as chief of surgery at Hendricks Regional Health from 1989 to 1996. His medical degree is from Indiana University School of
Medicine.
Michele Thomas Dole has been named CEO of the Indianapolis-based Community Health Network Foundation, the
not-for-profit organization that raises money for Community’s hospitals and health initiatives. Dole, 39, who most recently
was a wealth adviser to physicians and health care professionals at JP Morgan Chase bank in Indianapolis, will begin her new
position April 12.
Bloomington Hospital has named Dr. Ken Marshall its new chief medical officer. He was most recently head
of medical affairs at Mountain States Health Alliance in Tennessee.
Indianapolis philanthropist Lorene Burkhart sees the field of physician-patient interaction moving away from
a simple follow-doc’s-orders approach to one where patients are more responsible and more questioning. Her new book,
“Sick of Doctors? A Patient Prescription for Patient Empowerment,” was published this month by Indianapolis-based
Curtis Publishing Co.
What would you do with $10 million? Indiana Health Information Technology Inc. wants to spend it to link
five medical records exchanges that operate separately around the state. The statewide organization received the money from
programs created by the federal stimulus bill. The group will link existing exchanges operated in and around Indianapolis,
Bloomington, Cincinnati, Fort Wayne and South Bend.
What’s this? A health insurance company trying to compete against Anthem Blue Cross and Blue Shield in central Indiana?
Consumer Life Insurance Co., a subsidiary of Medical Mutual of Ohio, has opened an office in Carmel with
intentions to sell group and individual policies. Consumers Life, which operates primarily in southern and northeastern Indiana,
has been expanding its network of doctors and hospitals in an attempt to reach statewide. The company has negotiated rates
with 44 hospitals and 5,000 physicians, and now employs 13 at its Carmel office, with plans to add more. It intends to extend
its SuperMed provider network statewide by the end of 2010.
Attaboy, here’s another contract. The Indiana State Department of Health awarded a $434,000 contract to the University
of Indianapolis Center for Aging & Community to lead an initiative to reduce infections acquired in health care
facilities. The new Indiana Healthcare Associated Infection Initiative will target such things as infections acquired from
catheters that aren’t completely sterile or from side effects of antibiotic use. The 15-month Indiana program will begin
in July and include at least 80 hospitals, nursing homes and home-health agencies. The latest initiative is modeled on the
Indiana Pressure Ulcer Prevention Initiative, which UIndy also oversees under a state contract. The first round of the pressure
ulcer initiative involved more than 160 hospitals, long-term care centers and home-health care providers and decreased the
incidence of pressure ulcers by 30 percent.
St. Francis Hospital & Health Centers has acquired a six-doctor orthopedic surgery practice that operates
in St. Francis’ Mooresville hospital. Joint Replacement Surgeons of Indiana fully integrated with St.
Francis on Monday, the hospital system announced. The physician group will be called St. Francis Medical Group-Joint Replacement
Surgeons. The doctors will continue working out of the St. Francis-Mooresville campus and the St. Vincent Indianapolis
Hospital campus on West 86th Street.
Eli Lilly and Co. paid $50 million for exclusive rights from Acrux Ltd. to an underarm testosterone lotion
called Axiron for men with limited sex drive due to low levels of the hormone, according to Bloomberg News. Indianapolis-based
Lilly will also pay Acrux, based in West Melbourne, Australia, $3 million when manufacturing assets are transferred. Acrux
may earn $87 million more if U.S. regulators approve the drug for sale, an additional $195 million in commercial milestone
payments, and royalty payments on future sales.
Clarian Health is expanding its LifeLine Critical Care Transport service to Lafayette and Muncie, making
its Clarian Arnett and Ball Memorial Hospital into regional centers for critical care. When the new cities come online in
July, LifeLine will operate from six bases. Its other locations are in Indianapolis, Columbus, Kokomo and Terre Haute. Each
LifeLine team includes a pilot, nurse, and a flight paramedic or respiratory therapist, depending on the needs of the patient
being transported. LifeLine conducts more than 1,500 flights annually.
Indianapolis-based Nyhart Co. has acquired ASAP Flex Plans, a 7-year-old firm that helps
smaller employers administer employee flexible spending accounts, health savings accounts, health reimbursement accounts and
COBRA benefits. ASAP owner John Baird will join Nyhart as a consultant, spearheading a rollout of new flexible spending accounts
by year’s end. ASAP’s 150 clients will be served under the Nyhart name.
Gov. Mitch Daniels has accepted the resignation of his commissioner of local government finance and has reappointed David
Lott Hardy as chairman of the state Utility Regulatory Commission.
Indiana health-related companies were somewhat absent from the lobbying bonanza that gripped Washington, D.C., in 2009. For
all the heat and light about health reform, major Indiana companies actually spent slightly less to lobby Congress.
The century-old Murat Centre will be named the Old National Centre for the next three years. Event promoter Live Nation on
Tuesday put the new name in royal blue lettering above the marquee of the entertainment venue downtown.
A Hamilton County judge says Mel Simon’s widow can’t cash in partnership units worth more than $500 million.
A proposal for tighter limits on smoking in public places in Evansville has stalled after a tie vote in the City Council.
The 4-4 vote with one councilman absent Monday night leaves the future of the proposal to ban smoking in restaurants and bars
uncertain. Councilman John Friend said he voted against the ordinance because he thought exemptions for Casino Aztar and private
clubs were hypocritical. The city's current smoking ban took effect in 2007.
Columbus-based Cummins Inc., North America’s largest maker of heavy-duty diesel truck engines, expects pretax profit
to increase 10 percent a year and sales to grow 13 percent annually over the next five years.
Mooresville Police Sgt. Tom Whitley has resigned from the force amid accusations that he forged portions of at least 14 narcotics-investigation
reports he turned in last November. Whitley allegedly claimed he did field tests on suspects for drugs, mostly meth, and all
came up positive. Police say Whitley did not actually perform the tests. A special prosecutor has been appointed to review
the evidence and make possible criminal charges. Fox59 will have more at 4 p.m.
St. Francis Hospital & Health Centers has acquired Joint Replacement Surgeons of Indiana, a six-doctor practice that
operates in St. Francis' Mooresville hospital.
Pharmaceuticals stolen Sunday morning could be worth up to $75 million.
A former executive of Indianapolis-based engineering firm The Schneider Corp. has been named CEO of Imavex LLC, a Noblesville-based
Web site developer and Internet marketing consultant.
Sports columnist Bob Kravitz made his final appearance on The Fan’s afternoon radio show on Monday. Emmis Communications Corp.
executives said the decision was based, in part, on the show’s “financial performance.”