YMCA set to break ground on $22M CityWay project
The not-for-profit is expected to begin construction on the three-story, 87,000-square-foot downtown facility July 16, with a completion date of December 2015.
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The not-for-profit is expected to begin construction on the three-story, 87,000-square-foot downtown facility July 16, with a completion date of December 2015.
The outcome will determine whether the NCAA, which treats student-athletes as amateurs, has to stop barring them from negotiating their own deals in games that are broadcast.
Indianapolis-based Algaeon Inc. plans to move its algae-growing operation to Westfield, investing $25 million and adding 25 jobs over the next five years. The biotech firm is seeking to phase in personal property taxes while it ramps up production.
Sallie Mae’s loan-servicing operation in Fishers has a new name and a new look. Navient employs about 2,300 Hoosiers, including more than 1,400 in Hamilton County.
The agreement was announced hours before the NCAA went to federal court in California to defend itself against a class-action lawsuit from former players over use of their images in broadcasts and video games.
Auditors found that the agency’s complicated appointment process created confusion among schedulers and supervisors, and that a 14-day goal for seeing first-time patients was unattainable.
The long-term-care pharmacy company, which puts Redbox-style vending machines in nursing homes, thinks a fresh infusion of cash will allow it to double revenue this year and become self-sustaining.
Indianapolis-based VoCare Inc. has formed a partnership with Motorola Mobility LLC, a subsidiary of Google Inc., to offer telehealth and remote monitoring services to seniors via Motorola smartphones. The partnership comes as VoCare raised $5 million this spring and is now trying to raise another $20 million. Along with Motorola, VoCare will offer smartphones that come preloaded with applications that connect to health care monitoring peripherals, the peripherals themselves, along with the phone and data services needed to power them. The VoCare phones have a safety button that connects them immediately to a remote call center if they experience falls or other emergencies. Also, VoCare’s remote monitoring system can keep track of seniors' health status as they use the medical peripherals or if their typical movement patterns change, suggesting a change in health. VoCare CEO Steve Peabody said in a prepared statement that the service will allow doctors to keep track of their patients and, using the video functions on the smartphones, make “virtual house calls.”
Indianapolis-based Indigo BioSystems Inc. has changed CEOs after securing $8.5 million in venture capital. The north-side firm of 47 employees makes software used by medical and research labs to review and analyze chemical compounds and tissue samples. Its new CEO is past president Randall Julian, a former Eli Lilly and Co. researcher who founded the company in 2004 through the drugmaker’s venture group. Julian takes over from Raul Zavaleta, who had led the company since 2011 so Julian could focus on product development. Zavaleta remains with the company as a consultant and a board director. Bootstrap Venture Fund LP, headquartered in San Diego, led the $8.5 million investment round. The investment is Indigo's second from a venture capital firm. The company raised $1.8 million in 2011. It has also received $1.75 million in grants from the federally funded 21st Century Research and Technology Fund, as well as $700,000 in conditional tax credits through the Indiana Economic Development Corp.
Indianapolis-based Cornerstone Cos. could break ground this year on an $11 million medical office building, expected to be largely owned by the doctors who practice there. Cornerstone is planning to locate the three-story, 43,000-square-foot building along Interstate 69 on a four-acre site on Olivia Way, which is near both the St. Vincent Fishers Hospital and the Indiana University Health Saxony Hospital. The Fishers Town Council agreed to forgive two-thirds of the property taxes on the project for six years. When the abatement runs out, Deer Creek Point’s property tax bill is expected to be about $178,000 a year—$70,000 more than a retail project would generate, according to projections prepared by public finance firm H.J. Umbaugh & Associates.
Brose McVey is leading a new health care clinic company that is squarely aimed at helping individuals, the self-employed and even large businesses deal with the new health care reality that is emerging under Obamacare.
Thomas Mooney has been appointed CEO of Methodist Sports Medicine, overseeing three locations in Avon, Carmel and Greenwood. According to his LinkedIn profile, Mooney was most recently CEO of an orthopedic physician practice in central Pennsylvania. Mooney holds a bachelor’s degree in business from Towson State University and an MBA from the University of Phoenix.
Bob Wade, a health care attorney at Indianapolis law firm Krieg DeVault LLP, was named the compliance expert to the board of Halifax Health in Daytona Beach, Fla. The hospital system agreed to an $85 million settlement with the U.S. Department of Justice over alleged illegal contracts with doctors that violated the federal Stark statutes. Wade, an expert in the Stark laws, will help the hospital rewrite its contracts with physicians and establish a compliance program.
A San Diego venture capital firm has made a big bet on Indigo BioSystems Inc., which just installed its founder as the new chief executive.
Incinerator operator Covanta is close to announcing a proposal to build a $40 million material recovery facility in Indianapolis. Recycling industry leaders oppose the plan.
BMV Commissioner Don Snemis said the judge's order would force the agency to issue personalized plates with offensive references to race, religion or sexual orientation.
A study has found that most doctors in Indiana aren't frequently using an electronic system designed to detect prescription drug abuse.
The U.S. economy has finally regained the jobs lost to the Great Recession, but a smaller percentage of Americans are actually working and median household income has declined considerably since before the recession.
When crowds flock to Klipsch Music Center in Noblesville, nearby businesses notice—and hope to cash in.
The decision to collect cases before one court comes after the U.S. Food and Drug Administration said it will re-examine the safety of testosterone-replacement drugs after studies showed the medicine posed an increased risk of heart attack and stroke.
Indiana House Republicans will decide whether to take action against Speaker Pro Tem Eric Turner, who is accused of using his influence to protect his family's lucrative nursing home business.
The city will be the first in the nation to open a charter school designed for youth passing through the juvenile court system and other troubled students.
The Association of Indiana Convention and Visitors Bureaus will now be called the Indiana Tourism Association.