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Biosciences institute hits $25M fundraising goal

The proposed Indiana Biosciences Research Institute, backed by Eli Lilly, Roche Diagnostics and other life sciences companies, now has $50 million in start-up funds and has started recruiting a CEO.

Super Bowl volunteers to get paid

Indianapolis utilized 8,500 volunteers to host the 2012 Super Bowl. Not one of them got a penny for their time and effort. That might not be the case if Indianapolis wins its bid to host the Super Bowl in 2018 or any other year.

Councilor: $100M deal hanging on Fishers tax hike

A private company is weighing a $100 million investment in Fishers, Town Council member Scott Faultless said Monday, but the project depends on adopting a 1-percent food-and-beverage tax that’s still the subject of heated debate.

Marriage, education fights may crowd 2014 session

House Speaker Brian Bosma and Senate President Pro Tem David Long detailed their 2014 legislative priorities Monday along with House Minority Leader Scott Pelath and Senate Minority Leader Tim Lanane.

Hospitals suffer third-quarter swoon

Indiana University Health and Franciscan Alliance saw key parts of their businesses deteriorate sharply, according to new financial reports released by the hospital systems, causing each to slash more than 900 positions.

People

Bloomington-based Cook Medical Inc. promoted Pete Yonkman to president, replacing Kem Hawkins, who will continue as president of Cook Group Inc., the parent of Cook Medical. Yonkman joined Cook Medical 12 years ago as corporate counsel. He was most recently executive vice president, overseeing the company’s 10 strategic business units. Yonkman earned bachelor’s degrees in psychology and philosophy from Indiana University in Bloomington and a law degree from the IU Maurer School of Law in Bloomington.

OurHealth, which operates employer health clinics, has hired Kendra Stewart as director of wellness. Prior to joining OurHealth, she served as health behavior coordinator for Richard L. Roudebush VA Medical Center. Stewart is a clinical health psychologist who earned her doctoral degree from Ohio University.

Susan Waschevski has been appointed director of Franciscan St. Francis Health’s PACE initiative—Program of All-Inclusive Care for the Elderly. She most recently was deputy director of home and community-based services with the state Division of Aging. Prior to that, Waschevski was a program manager for CICOA Aging & In-Home Solutions. Waschevski earned a bachelor’s degree in sociology from Monmouth College in Illinois.
 

Company news

Zionsville-based hc1.com Inc. announced an expansion plan Friday that it says will add 62 local jobs by 2017. Hc1.com will spend $1.4 million to lease and equip a 16,626-square-foot headquarters at Northwest Technology Park. Founded in 2001 as Bostech Corp., hc1.com sells health care relationship-management software to medical labs and radiology practices. The firm already has 80 employees, including 70 in Indiana.  Brad Bostic, who co-founded ChaCha Search Inc., is the CEO. The Indiana Economic Development Corp. offered hc1.com up to $1 million in conditional tax credits and up to $100,000 in training grants based on the company's job-creation plans. Boone County approved additional incentives.

Eli Lilly and Co. will invest another $700 million in its diabetes manufacturing capacity, the Indianapolis-based drugmaker announced last week. The move includes a $45 million investment for Lilly's operations in Indianapolis on top of a $400 million investment the company announced over the past year. Lilly is expanding plants in Puerto Rico, China, France and at its headquarters in Indianapolis. According to Bloomberg News, China alone will see a $350 million buildup that will enable Lilly to produce more insulin cartridges for reusable devices. Lilly announced a year ago that it would build a $140 million insulin-cartridge plant in Indianapolis, then decided in April to spend another $180 million to more than double the size of the facility. In addition, Lilly is planning several other projects for its local operations totaling $80 million, including a $40 million product-inspection center. The number of diabetics worldwide is projected to grow to 592 million in 2035 from 382 million this year, according to a report released Thursday by the International Diabetes Federation. The report found that 80 percent of diabetics live in low- or middle-income countries.

Arcadia Developmental Center in Hamilton County has been closed by state authorities, resulting in the end of employment for 100 workers. New Age Healthcare LLC, which oversees the center, notified the Indiana Department of Workforce Development of the closure Nov. 11, according to a letter posted online Friday by the IDWD. Arcadia said the Division of Disability and Rehabilitative Services had ordered an immediate transfer of its residents to other service providers on Nov. 11. The state recently cited the facility for violations regarding infection control and other problems. The center, which was founded in 1998, began laying off employees Nov. 12 and expects to be finished by Dec. 31.
 

Health care has priced itself out of its own market

It’s no secret the growth of the U.S. economy slowed in the 2000s after the go-go decade preceding it. But the U.S. health care system—hospitals, doctors, drug companies, device makers and health insurers—apparently didn’t get that memo.

Pence visiting damaged areas

Indiana Gov. Mike Pence is spending all day Monday traveling to areas of the state hit hardest by Sunday’s storms. Pence planned to fly by helicopter Monday morning to Kokomo, joining Mayor Greg Goodnight and U.S. Rep. Todd Rokita in surveying damage. Pence will then fly to Logansport and Lafayette in northern Indiana, before heading to the southwestern Indiana city of Washington. Officials are just beginning to assess whether the damage is severe enough to request federal disaster assistance.
 

Thousands in Indiana without power

More than 68,000 homes and businesses in mostly northern and central Indiana remained without power Monday morning in the wake of Sunday’s tornadoes and severe thunderstorms. Indianapolis Power & Light Co. reported 4,900 customers without power. Duke Energy Corp. reported 25,000 customers still in the dark, with 12,000 of those in Tippecanoe County and another 7,000 in hard-hit Howard County.
 

Storm damage high in Lebanon

National Weather Service officials are visiting Lebanon on Monday to examine damage caused by a reported tornado. Lebanon police said high winds damaged 26 homes and eight businesses, including three warehouses and a Starbucks. Seven homes were deemed uninhabitable. Despite the damage, only two people were hurt, and that occurred when the parked semi they were in blew over.   
 

Local Emmy winner makes difference for Sports Corp.

Conrad Piccirillo, president of Indianapolis-based Innovative, will receive the inaugural Difference Maker Award from Indiana Sports Corp. at the Pathfinder Awards Nov. 19 at the Indiana Roof Ballroom.