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Hoosier lawmakers attack Obamacare’s 30-hour rule

Lawmakers Young and Donnelly push restoration of 40-hour definition of full-time, but critics say their bills would gut Obamacare’s employer mandate and lead to a decline in employer insurance coverage.

People

Sue Sandberg, a registered nurse, has been named chief operating officer for Community Health Network’s north region. Sandberg has worked for Community since 1998.

Pamela Hunt, a registered nurse, has been named vice president of patient services and chief nurse executive for Community Health Network’s north region. Hunt has served as chief nurse executive at Community Heart and Vascular Hospital since April 2011. Before that, she was an executive at Marion General Hospital and Community Howard Regional Hospital.

Regina Ward, a registered nurse, has been named executive director of the cancer center in Community Health Network’s south region. She most recently served as vice president for oncology services at the University of Oklahoma Medical Center. Before that, she served as clinical director of operations for six inpatient units at Indiana University Health’s University Hospital in Indianapolis.
 

Company news

Fritz French and Richard DiMarchi have raised $1.7 million from venture capitalists to launch Calibrium LLC, a biotech company that will develop diabetes drugs. French and DiMarchi were leaders of Marcadia Biotech Inc., which developed diabetes drugs based on DiMarchi's research as a chemistry professor at Indiana University. They sold the company for $287 million to Switzerland-based Roche in late 2010. In November, Calibrium struck a deal with Indiana University to fund 10 researchers in DiMarchi’s chemistry lab in Bloomington. Then in December, Calibrium secured convertible debt investments from two of the venture capital firms that backed Marcadia—San Francisco-based 5AM Ventures and Seattle-based Frazier Healthcare. Calibrium has hired Kristin Sherman as its chief financial officer; she held the same position at Marcadia. French said he expects more members of the Marcadia team to join Calibrium as its work advances.

Nearly two-thirds of the state’s nursing homes are now participating in partnerships with county-owned hospitals that effectively double their profit margins. The partnerships allow both hospitals and nursing homes to draw down extra federal money, which appears to give nursing homes at least 2 percent on top of their average profit margin of 2 percent. According to data from the Indiana State Department of Health, 329 nursing homes have sold their licenses to county-owned hospitals—63 percent of all nursing homes in the state and nearly 70 percent of those that offer beds to Medicaid patients. The partnerships with county-owned hospitals trigger larger payments from the federal agency that oversees the Medicare and Medicaid programs. Those payments average $71.54 per day for each Medicaid patient, according to analysis of Indiana data by the accounting firm Myers and Stauffer LC. It is unclear exactly how the hositals and nursing homes split that money, which totaled $313 million statewide last year. But Indiana Health Care Association officials said hospitals are paying nursing homes management fees that net out to about 2 percent of the nursing homes’ net patient revenue.

Hall Render Killian Heath & Lyman, the nation's largest health-care-focused law firm, ranked eighth on The Hill newspaper's 2013 top 10 list of Washington, D.C., lobbying firms based on the number of new client registrations. Last year, Indianapolis-based Hall Render registered 28 new clients. The firm created its federal legislative and regulatory advisory practice in 2012. The practice includes attorneys John Williams and John Render, as well as Andrew Coats, the son of Indiana Sen. Dan Coats.

The weightlessness of Obamacare

Rich employer benefits are not always so attractive, sick patients are not always money losers for insurers, and hospitals and doctors are now health care preventers rather than health care providers. This is the bizarre world to which Obamacare has brought us.

Developer pitches $28M project for Fishers Train Station site

Officials are expected to vote Monday night on a proposed $28 million redevelopment of the Fishers Train Station site, the final piece of an ambitious plan that seeks to transform the town’s municipal complex into a hub of activity.

You-review-it Monday

It was a busy weekend with plenty of options besides snow shoveling. Did you hear the Chamber Orchestra? See “The LEGO Movie”?

Construction

-Capitol Construction has completed a 4,200-square-foot office expansion and remodel for Health Management at 9000 Keystone Crossing.

-Capitol Construction has completed a 1,500-square-foot office remodel for Regus at 3815 River Crossing Parkway.

People

Richard R. King III has been named vice president of the Indianapolis office of Lee & Associates.

Residential

The average rate for 30-year mortgages rose from 4.43 percent to 4.48 percent in the week ended Feb. 13, according to Bankrate.com. The rate for 15-year mortgages rose from 3.50 percent to 3.53 percent.

Leases/leasing contracts

-Bingham Greenbaum Doll renewed its lease for 78,090 square feet at 10 W. Market St. The tenant was represented by John Vandenbark, Dan Richardson and Nick Svarczkopf of CBRE, and Freihofer Inc. The landlord, HDG Mansur, represented itself.

-Kids Against Hunger leased 4,950 square feet at 5230 Park Emerson Drive. The tenant was represented by Michael P. Sloan of The Broadbent Group. The landlord, Dominion Realty, represented itself.

-Crane 1 Services leased 3,300 square feet of industrial space at 3250 N. Post Road. The landlord, Iron Point Titan Asset Management LLC, was represented by Bryan Poynter of Cassidy Turley. The tenant represented itself.

-J&W HSP LLC leased 2,910 square feet of retail space at 1675 W. Smith Valley Road, Greenwood. The tenant was represented by John Schick of Schick Properties LLC. The landlord, CW Capital Asset Management, was represented by Bill French of Cassidy Turley.

-Emerge Monitoring Inc. leased 2,500 square feet at 22 N. Delaware St. The tenant and landlord, the Law Office of David Foley, were represented by Michael P. Sloan of The Broadbent Group.

-Indiana Latino Institute leased 2,046 square feet of office space at 401 W. Michigan St. The tenant was represented by Debra Williams of DTM Real Estate Services LLC. The landlord, American College of Sports Medicine Inc., was represented by Spud Dick of Cassidy Turley.

-Green Heart Inc. leased 1,991 square feet in Castle Creek III, 8720 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Air Cleaning Specialists leased 1,800 square feet of industrial space in Greenwood Oaks Business Centre, 500 S. Polk St., Greenwood. The tenant and landlord, Greenwood Oaks Investments LLC, were represented by Cathy Richards of Lee & Associates.

-SRI Inc. leased 1,347 square feet in Castle Creek III, 8720 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Future Electronic Corp. leased 1,316 square feet in Castle Creek V, 5750 Castle Creek Parkway. The tenant was represented by David Creiner of Jackson & Cooksey. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-MBP Distinctive Catering leased 1,300 square feet at 150 W. Market St. The landlord, the National Education Association, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

-Edward D. Jones & Co. LP leased 1,229 square feet in Castle Creek III, 8720 Castle Creek Parkway. The tenant was represented by Dave Ellis of Fenway Real Estate Services Inc. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-Lincoln Financial Advisors leased 1,090 square feet in Castle Creek IV, 5875 Castle Creek Parkway. The landlord, Hudson Advisors LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group. The tenant represented itself.

Sales/acquisitions

-Culver's Restaurant bought a one-acre outlot at Maplewood Plaza, 6130 Maplecrest Road. The buyer was represented by Allison Hawley of Niessink Commercial.  The seller, Centrium Properties California LLC, was represented by Michael P. Sloan of The Broadbent Group.

-Alderson Commercial Group bought a 15,000-square-foot office building at 425 W. South St. The buyer was represented by Matt Jackson of Jackson IG. The seller, West Hotel Partners LLC, was represented by Mike Medlock and Cathy Richards of Lee & Associates.

-Moser Consulting Inc. bought an 11,000-square-foot office building at 6220 Castleway West Drive. The buyer was represented by Steve Beals and Richard R. King III of Lee & Associates. The seller, Heritage Properties LLC, was represented by Craig Kaiser of The Kaiser Real Estate Cos.

-3545 Farnsworth LLC bought a 4,000-square-foot industrial building at 3545 Farnsworth St. The seller, K&T Specialties Inc., was represented by Stan Elser of Lee & Associates. The buyer represented itself.

-Gershman Partners bought the 45,820-square-foot Marott Center at 342 Massachusetts Ave. The buyer was represented by Ron Foster of Echelon Realty Advisors.  The sellers, George Rubin and Elliott Levin, were represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.

-8015 Pendleton Pike LLC bought the 35,190-square-foot Pendleton Pike Shoppes retail center at 8015 Pendleton Pike. The buyer was represented by Larry W. Harshman of Harshman Property Services LLC. The seller, Pendleton Pike LLC, was represented by Robert J. Barker as receiver.

-R.P. Wurster LLC bought the 49,967-square-foot Plainfield Commons community shopping center at Main Street and Perry Road, Plainfield, for $6.35 million. The buyer and seller, Los Angeles-based RPD Catalyst LLC, were represented by Ben Wineman and Carly Gallagher of Mid-America Real Estate Corp.

Indiana RV museum on road to recovery

The 71-year-old president of the RV/MH Hall of Fame in Elkhart says the museum’s debt has been reduced from $5.5 million to about $2.5 million.

Purdue gets $5M gift from anonymous donor

The money will finance scholarships and efforts to make the school more affordable for students. The contribution includes matching elements that could ultimately provide more than $9 million for students.

Indiana gun permit applications surge 83 percent

"It really was an aberration of things happening nationally in politics, and both sides, pro-gun and anti-gun, making an issue of it," Indiana State Police Capt. David Bursten said.