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Audit: Nearly 275 in Indiana await first VA visit

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.

Wellfount takes $16M and runs with it

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.

Company news

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.

GOP politico creates health clinic for the Obamacare age

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.

People

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.

Judge asked to reconsider vanity plate ruling

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.

Improving jobs numbers mask painful recovery

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.

Lilly consolidated into testosterone drug lawsuit

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.

House Republicans to meet, discuss Turner’s future

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.

Construction

-Capitol Construction has completed a 3,000-square-foot retail build-out for MG Tates at 8702 Keystone Crossing.

-Capitol Construction has completed a 3,800-square-foot retail build-out for AFSCME at 9075 N. Meridian St.

Rates

The average rate for 30-year mortgages rose from 4.25 percent to 4.32 percent in the week ended June 5, according to Bankrate.com. The rate for 15-year mortgages rose from 3.35 percent to 3.41 percent.

People

Meyer Najem Construction Executive Vice President Sam Mishelow has been promoted to chief strategy officer of the company.

Leases/leasing contracts

-HJ Umbaugh & Associates leased 20,937 square feet of office space at 8365 Keystone Crossing. The tenant was represented by Christopher Carmen of Carmen Commercial Real Estate Services Inc. The landlord, Sourwine Real Estate Services, was represented by Andrew Martin and Bennett Williams of Cassidy Turley.
 
-3xLogic Inc. leased 14,182 square feet of industrial space at 9880-9896 E. 121st St., Fishers. The tenant was represented by Bryan Poynter of Cassidy Turley. The landlord, Duke Realty Corp., was represented by Duke's Kate Willen Ems.

-The Tamale Place leased 2,590 square feet at 1155 Stop 11 Road, Suite D. The tenant was represented by Andrew Clifford of 7D Commercial Real Estate. The landlord, J&J Partners LLC, was represented by Ryan Zickler of Zickler and Associates.

-Wynright Corp. leased 2,400 square feet of industrial space at 5603 W. Raymond St. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.

-Dr. Billie J. Jameson  leased 2,270 square feet of office space in the Meridian Professional Building, 3266 N. Meridian St. The landlord, PBB III LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-Omni Tech Calibration Services Inc. leased 2,250 square feet of industrial space at 5545 W. Raymond St. The tenant was represented by Matt Kiger and Derek Menerey of Newmark Knight Frank Halakar. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley.

-Force Holding Company LLC leased 2,160 square feet of industrial space at 6911-7061 Corporate Circle. The tenant was represented by Todd Vannatta of Cassidy Turley. The landlord, CrossLake Partners, was represented by Bryan Poynter and Russell Van Til of Cassidy Turley.

-Dajac Inc. leased 2,000 square feet of industrial space at 17406 Tiller Court, Westfield. The tenant was represented by Grant Lindley of Cassidy Turley. The landlord, First Financial Bank NA, was represented by J.D. Graves of CBRE.

-Encanto De Yemaya leased 1,420 square feet of retail space at Grant Plaza, 3035 Lafayette Road.The landlord, Harshman & Hays LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

-The Bully Store leased 850 square feet of retail space at 2405 Lafayette Road. The landlord, 2405 Lafayette Road LLC, was represented by Larry W. Harshman of Harshman Property Services LLC. The tenant represented itself.

Correction

Andrew Leonard is with 7D Commercial Real Estate. The firm name was incorrect in the 3 Sisters Cafe lease published last week.