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Obama lauds former CEO as right choice to fix VA

A former Army captain, Robert McDonald would bring a blend of corporate and military experience to a bureaucracy reeling from revelations of chronic, system-wide failure and veterans dying while on long waiting lists for treatment.

Local software startup plans expansion, 74 hires

Software startup Lesson.ly LLC is looking for new space to accomodate the expansion. It is eyeing three possible locations, all downtown, and it will likely move within the next three months, CEO Max Yoder said.

INDOT chooses Chicago firm for Amtrak line

The Indiana Department of Transportation said Monday that it selected Corridor Capital LLC of Chicago to run the endangered Hoosier State passenger rail line from Indianapolis to Chicago.

Concerns raised over possible rate hike for electric cars

The Indiana Office of Utility Consumer Counselor and Rep. Cherrish Pryor are both voicing concerns about a potential rate increase proposed by Indianapolis Power & Light that could help fund some of the start-up costs for the BlueIndy electric-car-sharing project.

Report: Indiana boasts four nation-leading life sciences clusters

The areas around each of Indiana’s research university campuses—Bloomington, Indianapolis, Lafayette and South Bend—all boast outsize concentration of life sciences workers. Yet the state still lags on research, development and investment funding.

Company news

Hendricks Regional Health is extending its reach farther west via a collaboration with Putnam County Hospital in Greencastle. On July 10, the two hospitals will open a new obstetrics clinic, called Partners in Care, to provide prenatal care for low-income pregnant women. The clinic will be staffed by a Hendricks Regional Health nurse midwife, and two physicians from the Hendricks Regional Health Medical Group. Patients of Partners in Care will receive prenatal services at Putnam County Hospital, while deliveries will take place at Hendricks Regional Health in Danville. The idea of starting a clinic was boosted by a needs assessment conducted by DePauw University in Greencastle, which confirmed a shortage of prenatal care in Putnam County.

The U.S. Supreme Court ruled Monday that closely held corporations can hold religious objections that allow them to opt out of Obamacare’s requirement that they cover contraceptives for women at no charge. According to the Associated Press, the justices' 5-4 decision is the first time the high court has ruled that profit-seeking businesses can hold religious views under federal law. And it means the Obama administration must search for a different way of providing free contraception to women who are covered under objecting companies' health insurance plans. Contraception is among a range of preventive services that must be provided at no extra charge under the health care law that President Barack Obama signed in 2010 and the Supreme Court upheld two years later. Justice Samuel Alito wrote the majority opinion, which stressed that the ruling applies only to corporations that are under the control of just a few people in which there is no essential difference between the business and its owners.

Indiana Gov. Mike Pence hired Carmel psychiatrist Dr. John Wernert to take over the state's Family and Social Services Administration and tapped former FSSA Secretary Michael Gargano to oversee Pence’s Healthy Indiana Plan 2.0. Wernert is the medical director of medical management at Eskenazi Health in Indianapolis and was the medical director for behavioral health integration for the Franciscan Alliance health system. He'll replace outgoing Secretary Debra Minott, who unexpectedly announced her resignation in June; neither Pence nor Minott have explained her sudden departure. Gargano, who led the agency until Pence took office last January, is returning in the new role overseeing Pence's insurance expansion plan. The Pence administration is in the middle of pitching the Centers for Medicare and Medicaid Services on Indiana's proposal to use the state-run Healthy Indiana Plan 2.0 to expand Medicaid. If the application is approved, residents earning up to 138 percent of the federal poverty level would be allowed to enroll in a hybrid-health savings account plan. The state estimates that more than 457,000 low-income residents could enroll in the program by 2020.

Indianapolis-based Eli Lilly and Co. received European backing for a biosimilar version of Lantus insulin, a mega-blockbuster made by France-based Sanofi that has never faced generic competition. According to Bloomberg News, Lilly’s Abasria insulin was recommended by the European Medicines Agency’s Committee for Medicinal Products for Human Use for the treatment of diabetes. The European Commission, the EU’s executive arm, usually follows the panel’s recommendation. Lantus, which garnered $7.8 billion in sales for Paris-based Sanofi in 2013, loses patent protection in Europe in May next year. The U.S. patent on Lantus expires in February, but generic competition there may be delayed after Sanofi in January said it was suing Indianapolis-based Lilly over its plans to introduce a version in the U.S. Sales of the drug in Europe were less than 15 percent of the total in 2013, because the price of the drug is far lower than in the United States, which accounted for almost two-thirds of total Lantus sales, said Mark Clark, an analyst at Deutsche Bank AG in London. That may limit the erosion of Lantus sales in Europe, he said. Lilly is also trying to introduce a brand-name drug that would compete with Lantus. Last month, it released study results suggesting its once-a-day insulin injection, Peglispro, was better than Lantus in controlling patients’ blood sugar. Lilly has said it will file for U.S. approval to sell that drug in the first quarter of next year.

People

Dr. Peter Nalin has been named executive associate dean for educational affairs at the Indiana University School of Medicine. Nalin succeeds Dr. Maryellen Gusic, who will be moving to a senior leadership position at the American Association of Medical Colleges. Nalin joined the faculty of the IU School of Medicine in 2001 as residency director of the IU Methodist Family Medicine Residency. Nalin is a graduate of Cornell University and the University of Vermont College of Medicine.

Community Howard Regional Health appointed Ron Lewis as interim CEO. Lewis joined Community Health Network in 2013 as vice president of its neuroscience product line. He previously served as administrative director at Indiana University Health Saxony Hospital. He holds master’s degrees in business administration and clinical social work from Indiana Wesleyan University and Western Michigan University, respectively.

Methodist Sports Medicine hired Dr. Kevin Condict, a surgeon who specializes in total joint replacement of the shoulder, hip and knee, along with arthroscopic surgery of the shoulder and knee. Condict graduated from the Indiana University School of Medicine.

Construction

-Holladay Construction Group LLC has completed a 700-square-foot build-out for Teachers Credit Union in the new Meijer store at 400 N. Dan Jones Road, Plainfield.  

-Holladay Construction Group LLC partnered with Otis Elevator to modernize the elevator system at the Indianapolis Fraternal Order of Police, Lodge No. 86, 1525 S. Shelby St.

-Holladay Construction Group LLC is partnering with Holladay Properties to build a $20 million, 370,000-square-foot indoor soccer facility at Grand Park in Westfield. Construction will start within 60 days.

Rates

The average rate for 30-year mortgages fell from 4.33 percent to 4.28 percent in the week ended June 26, according to Bankrate.com. The rate for 15-year mortgages fell from 3.44 percent to 3.39 percent.

People

Cushman & Wakefield/Summit has added the following employees:

–Christa Calderone has joined as client services coordinator for the office brokerage team of Matt Langfeldt, Rich Forslund, Matt Waggoner and Brian Askins.

–Abby Atwell has joined as assistant property manager with the firm's property management group.

–Will Young has joined as senior property manager with the firm's property management group.

–R.J. Rudolph has joined as senior vice president specializing in office advisory.

Leases/leasing contracts

-Peapod LLC leased 48,678 square feet at 9222 E. 33rd St. The tenant was represented by J.D. Graves of CBRE. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.

-ALDI leased 22,462 square feet of retail space in Cherry Tree Plaza, 9989 E. Washington St. The tenant was represented by Jim Abel of Lee & Associates.  The landlord, Sandor Development, was represented by Jeff Roberts of Sandor.   

-Asset Recovery & Recycling leased 17,186 square feet of industrial space at 2402 N. Shadeland Ave. The landlord, Shadeland South Business Park LLC, was represented by Todd Vannatta and Michael Weishaar of Cassidy Turley. The tenant represented itself.

-The North End BBQ leased 4,780 square feet of retail space at Nora Shops West, 1250 E. 86th St. The tenant and landlord, an affiliate of PK Partners, represented themselves.

-Fairway Independent Mortgage Corp. leased 4,191 square feet of office space at 10194 Crosspoint Blvd., Fishers. The tenant was represented by Yumi Goodman of Colliers International. The landlord, E-L Crosspoint Building 2 LLP, was represented by John Vandenbark of CBRE.

-Panera Bread renewed its lease for 3,957 square feet of retail space at Clearwater Springs, East 82nd Street and Allisonville Road. The tenant and landlord, an affiliate of PK Partners, represented themselves.

-Heldelberge Agency leased 1,395 square feet of retail space at 8802 S. Madison Ave. The tenant was represented by Keith Turnbill of RE/MAX Select. The landlord, Conrad Morris & Associates LLC, was represented by Greg Smith and Nate Smith of Colliers International.

-Artisano’s Oils and Spices leased 1,283 square feet of retail space at Nora Shops West, 1250 E. 86th St. The tenant was represented by Tom Megenhardt of Thomas K. Megenhardt Commercial Real Estate. The landlord, an affiliate of PK Partners, was represented by Bryan Chandler of Eclipse Real Estate.

-Havana Cafe leased 1,200 square feet of restaurant space in Honey Creek, 3839 Moller Road. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-It Is Vapor leased 864 square feet of retail space in Starbucks Plaza, 1950 Kessler Blvd., West Drive. The landlord, Sandor Development, was represented by Drew Kelly of Sandor. The tenant represented itself.

-Eyes By India leased 662 square feet of retail space in Esquire Plaza, 8213 Pendleton Pike. The landlord, Sandor Development, was represented by Jeff Roberts of Sandor. The tenant represented itself.

Sales/acquisitions

-JAWCO, an investment group based in Minneapolis, bought the 108-unit Arbor Manor Apartments at 206 Churchill Drive, Mooresville. The seller, locally based Neff Rentals, was represented by Tikijian Associates. The buyer represented itself.

-Term Security Corp. bought the 153-unit Arrowwoods Apartments, 7135 Warrior Trail. The seller, Blue Valley Apartments Inc., was represented by Tikijian Associates. The buyer represented itself.

-Term Security Corp. bought the 220-unit Inverness Apartments, 5810 Sebring Drive. The seller, Blue Valley Apartments Inc., was represented by Tikijian Associates. The buyer represented itself.