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Lilly Endowment boosts emergency fund by $1M

November 18, 2009

The fund has helped more than 6,000 households in six counties pay for housing, utilities and food.

Home-construction starts, permits plunge unexpectedly

November 18, 2009

The Commerce Department said Wednesday that construction of new homes and apartments fell 10.6 percent in October, to the
lowest level since April.

Conner Prairie reports rising attendance, revenue

November 18, 2009

Conner Prairie is ending 2009 in relatively better health than last year, as attendance and revenues are up at the same time
donations are lagging, executives of the living history museum said Wednesday.

Electric car maker plans Indiana manufacturing plant

November 18, 2009

Norwegian electric car maker Think Global will locate its U.S. manufacturing facility in Indiana, Reuters reported Tuesday,
citing information from a major investor in the company.

Holiday World auctioning off surplus

November 18, 2009

A southern Indiana amusement park plans to auction off hundreds of surplus items this weekend, including an antique circus
trunks and bumper boats.

Simon exploring bid to purchase rival General Growth

November 18, 2009

General Growth is the second-largest U.S. mall owner, trailing only Indianapolis-based Simon Property Group, with more than
200 regional malls in 44 states.

Your thoughts on Civic’s Carmel move

November 18, 2009

The 95-year-old Indianapolis staple will uproot for new performing arts center.

Civic Theatre confirms plans to relocate to Carmel

November 18, 2009

Indianapolis Civic Theatre will move from the campus of Marian University to the Regional Performing Arts Center under construction
in Carmel. The theater and Carmel Redevelopment Commission released a joint statement Tuesday announcing a long-term deal
that calls for the Civic to pay $10 million to be the center’s primary occupant.

Anthem paying for performance

November 17, 2009

Anthem starts doling out bonuses in pay-for-performance program.

People

November 17, 2009

Dr. Jane Fesenmeier, a pediatrician, has joined St. Vincent Physician Network in Brownsburg. Prior to joining St. Vincent, she served as a clinical assistant professor of medicine at the Indiana University School of Medicine.

Dr. Keith Cushing, a neurologist at Indianapolis-based Josephson, Wallack, Munshower Neurology, has begun practicing at Johnson Memorial Hospital’s medical office building in Franklin.

Connie Brandes, a registered nurse, has been appointed director of ambulatory services at St. Francis Hospital & Health Centers. She will oversee the hospital’s occupational health, renal dialysis and wound-care departments. She formerly directed the hospital’s emergency and ambulatory nursing services. Jason Kaufman, a registered nurse, has been appointed to replace Brandes as director of emergency services.

Sondra K. Hutchison, a registered nurse, has been named manager of occupational health at St. Francis Hospital & Health Centers. Previously, she worked at Arnett Clinic Occupational Health in Lafayette.

Company news

November 17, 2009

Indiana companies achieved second- and third-place finishes in Purdue University’s life sciences business plan competition
this year. Nano-Rad LLC, based in West Lafayette, won $36,000 for being runner-up. It is developing low-dose
radiation therapy for zapping edges of tumors left over after surgery. The third-place finisher was Lafayette-based Glytrix
Inc.
It won $14,000 for its plan for therapies that reduce skin scarring after surgery. The winner was Massachusetts-based
Novophage Technology, which is developing a corneal-repair device for patients’ eyes as an alternative to expensive
corneal transplants. It took home $30,000.

Indianapolis-based Dow AgroSciences,
still a bit player in the seed business, continues to partner with its larger rivals to expand its market presence. Dow Agro,
a subsidiary of Michigan-based Dow Chemical Co., signed a non-exclusive licensing agreement to share its herbicide-tolerant
trait for soybeans with Delaware-based DuPont and its Pioneer unit. In exchange, Pioneer is licensing non-exclusively its
Optimum GAT herbicide-tolerant trait for soybeans to Dow Agro. Financial details of the agreement were not disclosed.

St.
Vincent Health
and OrthoIndy are the latest hospital and physician groups to run into each others’
arms in response to the reform winds coming out of Washington, D.C. The Indianapolis-based organizations announced Friday
they will create a management company to handle physician work at St. Vincent’s hospitals in Indianapolis. St. Vincent also
acquired a minority stake in OrthoIndy’s orthopedic hospital, located a few miles west of St. Vincent’s flagship facility
on West 86th Street. All doctors face a 21-percent cut to Medicare reimbursement next year unless Congress steps in to change
it, which it has done in the past. And with Congress spending nearly $1 trillion to expand health insurance coverage, doctors
have small hopes that reimbursement from federal programs will reverse their recent trends of falling or staying flat. 
“Clearly, when we did this transaction, we had an eye on health care reform,” said John Martin, CEO of OrthoIndy,
a group of more than 70 physicians who specialize in bone, joint and spine therapy.

Arcadia
Resources Inc.
lost $4.1 million, or 3 cents per share, in the quarter ended Sept. 30, compared with a loss of $3.2
million, or 2 cents per share, in the same quarter a year earlier. Revenue fell 4 percent, to $25.6 million. Indianapolis-based
Arcadia is trying to grow its DailyMed pharmaceutical service, which packages the right dosages of prescriptions into individual
packets, to make it easier for patients on numerous medications to stick to their regimens. Arcadia announced Monday it is
rolling out DailyMed in California. While Arcadia’s pharmacy revenue grew slower than expected, it still soared 181 percent
over the same quarter last year, to $3.4 million. Profit margins in that business also grew to 15.1 percent, up from 11.1
percent in the previous quarter.

The National Institutes of Health have given $1.3 million to Indiana
University
to establish the East African Center of Excellence in Health Informatics. The new center will help East
African countries use electronic health records to increase the efficiency and quality of health care.

Paul, Lilly put trust in AstraZeneca vet

November 17, 2009

Eli Lilly and Co.’s top scientist, Dr. Steve Paul, will have to trust a company outsider to see if his aggressive transformation
of Lilly’s research and development arm pays off.

Indiana No. 3 in premium surge

November 17, 2009

Health insurance costs have spiked 136 percent in past decade, more than three times more than wage growth.

Speedway CEO about to get down and dirty

November 17, 2009

Indianapolis Motor Speedway boss Jeff Belskus has some huge decisions to make. He’s already shown he’s not afraid to get his
hands dirty making the tough calls. So what’s next?

IBJ Night at the Movies: “Fantastic Mr. Fox”

November 17, 2009

Win tickets to a sneak preview of the new Wes Anderson film.

Mom charged with neglecting 1-year-old

November 17, 2009

An Indianapolis mother faces neglect charges after her 1-year-old daughter was found wandering the streets this weekend. Tuesday
House, 38, told police she was out drinking and taking drugs instead of caring for her daughter. The child went unclaimed
for nearly 36 hours after being found.

Big cutbacks in store for library

November 17, 2009

The Beech Grove Public Library plans to make major cuts next year. In addition to reducing the library’s budget by $300,000
dollars, the libraryâ??s board of trustees plans to scale back library hours. Starting in 2010, the library will be open 40
hours a week instead of 60. Staff and other library services also are being cut.

Student dies in moped-truck accident

November 17, 2009

Plainfield High School freshman Ben Kempf died Monday night when he was hit by a truck while driving a moped. The accident
occurred at the intersection of county roads 600 South and 675 East in Plainfield. The school is offering grief counseling
for students and staff. Police donâ??t believe Kempf was wearing a helmet. Fox59 will have more at 4 p.m.

Lawrence Township exploring fire department merger

November 17, 2009

A Lawrence Township trustee is proposing to merge the township’s fire department with the Indianapolis Fire Department,
in an attempt to further reduce its operating deficit.

Locals expect few bright spots in 2010

November 17, 2009

Senior real estate executives remain pessimistic about the prospects for the Indiana market in 2010, although they see signs
of improvement in the investment and residential sectors. That’s according to a survey of leaders of the local real
estate community that the Urban Land Institute plans to unveil Thursday.

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