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People

September 29, 2014

Kevin O’Toole has been named CEO of Managed Health Services, an Indiana-based unit of St. Louis-based Centene Corp. Managed Health Services administers health benefits for Hoosiers enrolled in Medicaid and the Healthy Indiana Plan, and also sells individual health insurance on the Obamacare exchange. O’Toole replaces Patrick Rooney, who has been promoted to senior vice president of health plans at Centene, overseeing five states, including Indiana. O’Toole joined Centene in 2012 as vice president of health plan operations in St. Louis. He previously worked as vice president of operations of Medco Health Solutions Inc. in Tennessee. O’Toole has a bachelor’s degree in microbiology, a master’s of health administration, and an MBA, all from the University of Missouri-Columbia.

Company news

September 29, 2014

Major Health Partners will construct an $89 million hospital on the north edge of Shelbyville, after nearly a decade of shifting services to that location. According to the Shelbyville News, Major’s board voted Sept. 22 to build a 300,000-square-foot facility in the Intelliplex technology park along Interstate 74 and move from downtown Shelbyville. Construction on the project could begin as early as next month and take about two years to complete. Major first revealed detailed plans for the hospital six weeks ago, but the project could not go forward until the board’s 6-0 vote. The hospital will include 56 beds, all in private rooms, and 38 outpatient observation beds. Major’s current hospital has 72 beds in mostly semi-private rooms. When completed, the new complex will also have four operating rooms and house 57 physicians and a staff of about 930.

Researchers at Purdue University and the Indiana University School of Medicine have received a $3.7 million grant to study how blueberries reduce bone loss in postmenopausal women. The five-year grant from the National Institutes of Health's National Center for Complementary and Alternative Medicine will pay for researchers to conduct human trials aimed at finding the most effective varieties and dosage levels of blueberriers for reducing bone loss. “This is one of the most compelling avenues to pursue in natural products research because blueberries would be a new alternative to osteoporosis drugs and their side effects,” said Connie Weaver, the head of Purdue’s department of nutrition science and one of the grant recipients.

Bernard Health, a health benefits brokerage firm based in Tennessee, opened its second retail store in Indianapolis last week. The 1,270-square-foot store is downtown on Pennsylvania Street, just north of Washington Street. Bernard, which now employs seven here in Indianapolis, opened its first local retail store in the Nora neighborhood in 2012 and now has 12 stores nationwide. For a fee, Bernard helps individuals and small businesses evaluate and purchase health benefits. It is one of several new models being tried out by benefits brokers in Indiana to adapt to new rules and opportunities under Obamacare.

The Indiana University School of Medicine received gifts totaling $1 million on the 40th anniversary of Dr. Larry Einhorn’s discovery of a drug combination therapy that nearly cured testicular cancer. In September 1974, Einhorn, a professor at the IU medical school, first tested the cancer drug cisplatin with two other cancer drugs—a combination that boosted survival rates from the cancer from about 20 percent to 95 percent. According to the medical school, 300,000 patients have survived testicular cancer after receiving the drug therapy Einhorn discovered. The most famous is Lance Armstrong, the cycling champion stripped of his victories after admitting to doping. The gifts will help launch a gene sequencing program among survivors so future patients can be given treatments that reduce side effects and complications. Half the donated money came from A. Farhad Moshiri of Monaco, who previously donated $2 million to IU. Another $300,000 will come from the children of local real estate magnate Sidney Eskenazi and his wife, Lois.

Veteran investment banker switches firms late in game

September 29, 2014

John Reed, 70, one of the state’s leading experts in bank mergers and acquisitions, starts a new job Monday with City Securities Corp. after 23 years with the local office of Chicago-based David A. Noyes & Co.

Coalition announces legislative agenda aimed at public fraud

September 29, 2014

A group of officials representing local, state and federal governments will push a series of legislative proposals meant to protect public funds and speed the recovery of tax dollars lost to fraud.

Walmart, Aldi groceries opening in October

September 29, 2014

The metro area's grocery market is about to get even more competitive with four stores set to open within the next couple of weeks.

ATM, overdraft fees keep climbing, bank survey says

September 29, 2014

The average fee for using an out-of-network ATM has vaulted 23 percent over the past five years. It has notched a new high for eight years in a row.

Indiana farm fatalities continue downward trend

September 29, 2014

The report says Indiana has had fewer than 30 documented deaths from farm-related accidents each year since 1996.

Food distributor to open natural-gas fueling station

September 29, 2014

Indianapolis-based Delco Foods plans to break ground Wednesday on a new compressed natural gas fueling station at 8775 Zionsville Road to serve its own delivery fleet as well as the public.

Reservoir talk not moving Mounds shopping mall

September 29, 2014

Mounds Mall leasing official Jesse Wilkerson said new tenants are being actively sought for the mall, but it is exploring options for relocating, if necessary.

NiSource to split into two publicly traded companies

September 29, 2014

Merrillville-based NiSource will continue to provide natural gas and electricity to more than 3 million customers, while Houston-based Columbia Pipeline Group will own 15,000 miles of natural gas transmission pipelines.

Former workers file suit against state lawmaker

September 29, 2014

A state lawmaker who was one of nine Republican state senators to vote against a right-to-work law two years ago is accused in a lawsuit of failing to pay his employees more than $220,000 in wages and other benefits.

Camp Atterbury ready for large groups of soldiers

September 28, 2014

With more beds and railroad tracks serving Camp Atterbury, the facility will be able to train some of the largest groups of soldiers since World War II. Now Camp Atterbury has to market itself across the nation to make the most of the new facilities.

State turns to tech for deeper, speedier data analysis

September 28, 2014

Former Indianapolis Mayor Steve Goldsmith is hailing a new government management system adopted by Indiana that can better use troves of government data and predict how tax dollars should be allocated.

When will corporate travel come back?

September 27, 2014

An industry coalition is launching an attack on the ‘AIG effect’ in the hope of restoring a lucrative niche.

Not your typical corporate retreat spots

September 26, 2014

You know the drill—find a place where a contingent from your organization can fall back and talk about something important. (Or unimportant.)

Few flights resume after Chicago fire throws air traffic for loop

September 26, 2014

A contract employee suspected of setting a fire at a suburban Chicago air traffic control center brought two of the nation's busiest airports to a halt for hours Friday, sending delays and cancellations rippling through the air-travel network from coast to coast.

Local Kmart closings part of Sears’ ongoing woes

September 26, 2014

The planned closings of two Kmart stores in Indianapolis are part of a wave of national closures prompted by the ongoing struggles of parent company Sears Holdings Corp.

IU Health CFO: 3 years to go in difficult transition

September 26, 2014

Kitchell Watch videoIn the past two years, IU Health has laid off 935 people, halted construction of a major bed tower, sold off health clinics and decided to close its proton-therapy center. But there are three more years of changes to come, said CFO Ryan Kitchell.

Indiana unemployment agency wins anti-fraud grant

September 26, 2014

The Indiana Department of Workforce Development is receiving nearly $1.5 million from the federal government to help catch those who collect unemployment payments while still working.

Purdue incentive compensation undecided for Daniels

September 26, 2014

The former Indiana governor's five-year contract with Purdue gives him a $420,000 annual base salary. He can also receive 30 percent more, or $126,000, based on bonuses.

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