Flush with cash, developer Simon revives hunt for acquisitions
Simon Property Group Inc. has managed to grow revenue tenfold since going public 16 years ago. The key has been well-timed acquisitions.
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Simon Property Group Inc. has managed to grow revenue tenfold since going public 16 years ago. The key has been well-timed acquisitions.
100 Black Men of Indianapolis’ mission is partnering with local schools, universities and other organizations to provide
programs that encourage personal development, academic growth and basic life skills to positively impact the mental, physical,
moral and spiritual development of young people.
The city of Indianapolis and United Way of Central Indiana will host the eighth annual Community Fair on Monument Circle from
11 a.m. to 2 p.m. tomorrow to commemorate the anniversary of 9/11.
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, has named a new president, the company announced
today.
In his Aug. 31 column, Morton Marcus dared to paint those who question the role of government on certain issues as misinformed,
narrow-minded and in constant need of reminding of their “obligations.” How arrogant!
The Indianapolis Business Journal is supposed to keep us informed on the comings and goings of Indiana businesses
and inspire us with great info on how to run ours better.
Although women now make up 60 percent of the work force, they occupy only 20 percent of executive positions. There are even
fewer in finance, especially the high-risk areas like hedge funds. This may be one important reason we are in our
economic chaos.
Recently, I saw a newspaper story detailing the number and percentage of jobs lost over the past year for Indiana’s
metropolitan areas. This year-over-year story is appropriate, but it tends to hide the truth behind the numbers.
More evidence arrived yesterday that the recession in Indiana has finally bottomed. But little of that evidence suggests a
quick recovery.
Indianapolis-based FAST Diagnostics, a developer of a method to quickly measure kidney function, announced today that it has
received $1 million in federal funding.
Community Health Network promoted Kelly George to be treasurer of the five-hospital network. He most recently served as vice
president of corporate finance for Community Business Innovations, a Community Health Network subsidiary.
Dr.
Shelagh Anne Fraser will serve as medical director at VMS, an Indianapolis-based marketing company, overseeing all scientific
and medical activities.
A little lobbying on your lunch break? A consumer group says health insurers WellPoint Inc. and Minnesota-based UnitedHealth
Group pressured their employees to speak to members of Congress against health care reform proposals that the companies disagreed
with, the Associated Press reported. In a letter to California Attorney General Jerry Brown, the group Consumer Watchdog maintains
that both companies violated state labor laws. The attorney general’s office said it is reviewing the letter. Indianapolis-based
WellPoint, in an e-mail to employees, asserted that proposed health care legislation could cause tens of millions of Americans
to lose private health coverage and end up in a government-run insurance plan. Other consequences, the e-mail said, could
include limited choice for customers, and increased premiums for those with private coverage due to new mandates and coverage
requirements. "We believe it is important and permissible to provide up-to-date information about health reform to our
associates," spokeswoman Cheryl Leamon said in an e-mail.
Health records are now flying around the
state. At least part of the state. The Indianapolis-based Indiana Health Information Exchange last week began sharing electronic
medical records with two similar organizations across a multi-regional network. Connecting with HealthLINC in Bloomington
and HealthBridge in Cincinnati creates the nation’s first exchange of medical information among such organizations in different
regions, Indiana Health Information Exchange officials said.
Now, for example, if a patient is admitted to
a hospital in Indianapolis, physicians at his or her doctor’s office in Bloomington will be able to access the patient’s medical
information via the Internet, including test results and radiology notes. Together, the three exchanges connect more than
15,000 physicians, 50 hospitals and 12 million patient records. Initially, the Indiana Health Information Exchange will send
medical records to HealthLINC and HealthBridge providers. Full interconnectivity, in which information will flow among all
exchanges, should begin in mid-September.
The Indiana Health Industry Forum will hold a day-long summit on health
reform today. Various panels will address different aspects of reform and its potential impact. Panelists include Dr. John
Fitzgerald, CEO of the Indiana Clinic, Dhan Shapurji, a director at Deloitte Consulting, Bart Peterson, Eli Lilly and Co.’s
senior vice president of corporate affairs and communications, and Dr. Thomas Inui, CEO of Regenstrief Institute Inc. The
summit will run from 9 a.m. to 3:30 p.m. at University Place Conference Center on the IUPUI campus.
Eli Lilly and Co. and its peers might be back in Congress’ sights as lawmakers hunt for more ways to cut health care costs.
A study published in an influential journal concludes that European drugmakers operating in markets with drug price controls
have produced proportionally more innovations than their U.S. counterparts. The study undercuts an argument made over and
over again by Lilly execs that health reform must preserve profit potential for pharmaceuticals so companies can afford to
keep pumping out innovative new drugs.
With job growth surging in Warsaw’s orthopedic cluster, the life sciences development group BioCrossroads Inc. set out to…
August Mack Environmental Inc. renovated the historic Lexington building in downtown Indianapolis with recycled components
and energy-efficient lighting.
A solid majority of subscribers to IBJ Daily believes climate change is a serious problem, thinks carbon emissions
should be regulated, and wants Indianapolis to pursue mass transit on a broad scale, according to a poll conducted in July
by IBJ.
Detailed results of a July poll of IBJ Daily readers on their sentiment on environmental issues.
No charges will be filed against the 9-year-old who led Greenfield police on a high-speed chase through two counties on Aug.
29. Officials say they won’t file charges because they’re more worried about the boy’s mental health. The child is receiving
counseling at a hospital.
A locally based grass-roots organization wants lawmakers to switch Indiana from the eastern to the central time zone. The
group says it’s a safety issue for children who go to school in the dark. Indianapolis experiences about 120 days annually
when the sun comes up before 7 a.m. while Chicago has more than 270, the group says.