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This Week in IBJ

Doctor-owned hospitals would be effectively prevented from growing by provisions in the House and Senate health reform bills. That has Indianapolis-based OrthoIndy worried. http://www.ibj.com/reform-feared-by-docs/PARAMS/article/14934

Quick Shots

66 million Americans, or 29 percent of all adults, spend time, on average, 20 hours a week providing care for children with special needs, the elderly or other adults, according to a study commissioned by the National Alliance for Caregiving, AARP and the MetLife Foundation.

People

St. Vincent Foundation named six new directors: Todd Rokita, Indiana secretary of state; John Marshall, midwest development director at BremnerDuke Healthcare Real Estate; Todd Maurer, principal at Halakar Properties Inc.; Jim Powers, a managing executive at Crowe Horwath LLP; Mary Clare Broadbent, a community activist who sits on numerous not-for-profit boards; and Roberta Walton.

Dr. Sheila Stewart-Whack was promoted to medical director of the pediatric clinic at the St. Vincent Joshua Max Simon Primary Care Center.

Dr. John Palmer Snook has joined Franklin Township Family Medicine and the St. Francis Medical Group. He was staff president at Schneck Medical Center in Seymour.

Company news

Pierceton-based Paragon Medical plans to invest in a bio-skills campus in the Warsaw area. The northern Indiana supplier of surgical instruments said the lab would support the OrthoWorx project recently launched by Indianapolis-based BioCrossroads to help the Warsaw orthopedics industry transition to biology-based products that could render the sector’s current products obsolete.

Orthopedics implant makers have seen their business embraced more by Wall Street lately. Warsaw-based Zimmer Holdings Inc. has watched its share price rise about 20 percent in the past three months. Its competitors, such as Michigan-based Stryker Corp., have also experienced nice gains. Paul Nolte, managing director at Dearborn Partners, told MarketWatch, "It’s been a slow progression as investors realized that even with "ObamaCare," people are still going to want to have knee replacements.”

The impact of health reform on innovation will be the topic at the next Life Sciences Lunch at the downtown offices of Indianapolis law firm Barnes & Thornburgh LLP. Allison Giles, vice president of federal affairs at Cook Group Inc., will speak. Bloomington-based Cook is among the medical-device firms that have complained loudly that a tax on medical-device companies’ revenue would force companies to cut jobs and slow down on innovation. Additional speakers have yet to be named. The lunch is scheduled for Dec. 15 at 11: 30 a.m.

Ramping up neuroscience R&D

NICO Corp., Clarian Health Ventures organize event to get neurosurgeons, inventors, investors talking about commercializing
new products

Republic Airways bringing 300 jobs to city

Republic Airways Holdings Inc. said Tuesday afternoon it will create as many as 300 jobs in Indianapolis next year by bringing
Frontier Airlines’ Operation Control Center to the city.

Q&A

Dhan Shapurji, an Indianapolis-based health care consultant for Deloitte, advises hospitals, health insurers and others on how to meet looming challenges and opportunities in the health care industry. He discussed the potential impact of health reform bills pending in Congress.

Keeping wage figures secret

IBJ isn’t the only news organization wondering whether the Indiana Economic Development Corp. is getting good bang
for the buck.

Anderson school board faces tough budget calls

A budget crunch is forcing Anderson’s school board to make a tough decision. Board members have two options. They can close
one high school and merge all the students into a single building, or they can keep both high schools open and combine them
with middle schools. The school board meets at 6 p.m. Tuesday and will take comments from the public â?? the only time the
board is scheduled to hear public opinion on the issue.

Man charged with setting his home on fire

An area man has been charged with arson in the fire that blew up his Alexandria home. September’s blaze left 20-year-old Derek
Noland severely burned. Noland admitted he burned the house down because of “too many bad memories,” according to investigators.
At least five nearby homes were damaged by the fire.

City makes plans for next winter storm

The Department of Public Works is planning to send out more trucks in advance of the next round of messy winter weather, expected
on Wednesday, after Monday’s snow caused some major delays and dozens of accidents during the morning commute. Indianapolis
Mayor Greg Ballard attributed Monday’s traffic tie-ups in part to bad timing. The city used a few trucks to spread salt early
in the morning, but the snow kept coming and the roads re-froze. Fox59 will have more at 4 p.m.

Bella Vita restaurant planned for Circle Centre

An Italian restaurant whose owner has ties to embattled local businessman Tim Durham is poised to take the first-floor
space in Circle Centre mall formerly occupied by Bertolini’s.