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Company news
Indianapolis-based Mainstreet Property Group said it will spend $60 million to develop senior care communities in Avon, Crawfordsville, Kokomo and the Castlelton area of Indianapolis. The four campuses will include skilled care and assisted living facilities for both short- and long-term patients. All are set to be completed in the third or fourth quarter of 2013, and will collectively employ more than 400 people once they open. The Avon and Crawfordsville communities are part of Mainstreet’s previously announced joint venture with Des Moines-based LCS, a leading provider of senior lifestyle products and services. Mainstreet has added $200 million in new development assets since January 2010.
The Indiana University School of Medicine and the new IU Richard M. Fairbanks School of Public Health have received a $1.46 million federal grant to create a joint doctor of medicine and master of public health program. The funding will come over five years from the U.S. Department of Health and Human Services. The five-year program will provide medical students with training in environmental health, infectious disease control, disease prevention and health promotion, epidemiological studies and injury control. The first students will enroll in fall of 2013. Also, IU medical school will use some of the federal funding to integrate public health content and experiences into the primary care curriculum that all IU medical students take.
New York-based Aspen Dental Management, which operates 29 dental clinics in Indiana, has been sued for operating those clinics illegally, according to the Associated Press. A federal lawsuit filed in New York claims Aspen Dental and Leonard Green and Partners, the private-equity firm that controls Aspen, are violating laws that require clinics to be owned by dentists who perform procedures onsite. Court papers say Aspen's "so-called 'Practice Owners' are nothing more than de facto employees and/or independent contractors" of the company, which controls its 358 clinics' marketing, hiring, training and bookkeeping. Aspen says it provides management services and doesn't control clinical care. A spokeswoman says the accusations in the filing are "entirely without merit." A message left with Los Angeles-based LGP wasn't initially returned. Aspen operates 29 dental offices in Indiana, including 10 in the Indianapolis area, according to its website.
People
Dr. Melinda Mumford, an obstetrician and gynecologist, has joined St. Vincent Women’s Hospital as part of the practice of Dr. Timothy Feeney. Mumford holds a bachelor’s degree in biology from the University of Colorado and a master’s degree in physiology from Ball State University. She did her medical training at the Indiana University School of Medicine and St. Vincent Indianapolis Hospital.
Lilly continues string of positive trials
Eli Lilly and Co. is continuing a string of positive yet incomplete clinical trial results, giving it a boost among investors.
Pagano released from hospital
Indianapolis Colts Head Coach Chuck Pagano was released from the hospital and watched Sunday’s victory over the Cleveland Browns at home. Pagano was admitted to the hospital for leukemia treatment Sept. 29. The first-year head coach is not expected to return to coaching duties this season.
Coyote reports up in Greenwood
Officials in Greenwood are warning residents about coyotes attacking family pets. Police say numerous residents have reported pet dogs vanishing from fenced yards and other pets being mauled by coyotes. The area has always had coyotes, but the animals are starting to become more common.
Gas leak prompts evacuations
Emergency personnel in Speedway worked to stop a gas leak Monday morning after construction workers struck a 12-inch gas main at 4700 W. 10th St. A day care business, an industrial park and part of the Allison Transmission plant were evacuated in the area as a precaution.
Roche continues to restructure diabetes unit
Roche officials said last week that price competition and lower reimbursement rates are forcing it to make an unspecified number of cuts in its U.S. sales force and at its research and development hubs in Indianapolis and Germany.
Fever already cashing in on WNBA title, aiming for more
During its WNBA title run, the Indiana Fever have already seen record merchandise sales and swelling attendance and TV ratings. Now team officials are hoping a groundbreaking sponsorship can take the team to a new level.
Local campus escapes University of Phoenix closure list
The University of Phoenix will maintain its campus in Indianapolis, a company spokesman confirmed, even as the operator of for-profit colleges closes more than half its campuses nationwide.
Lilly says experimental diabetes drug outperformed rivals
Eli Lilly and Co. said dulaglutide lowered blood sugar better than three existing diabetes drugs in three Phase 3 clinical trials. Analysts expect the drug to hit the market in 2014 or 2015 and become a blockbuster.
Purdue-born app wins $15,000 Startup Bowl prize
FoundOPS took first place with a mobile app that offers route optimization, customer-relationship management, data collection and GPS tracking for field-service companies.
Billie Creek future uncertain after auction
The auction of western Indiana historic site Billie Creek Village generated a combined $550,000 in bids, but it's not clear yet whether any bid will be accepted.
You-review-it Monday: ‘Sunday in the Park…’ and more
I went with a busload of IBJ readers to Chicago. What did you do?
GOP leader McConnell hosts fundraiser for Mourdock
Republican senators have flocked to Indiana in the past month as it became clear the state's once-safe Republican seat could be snatched up by Democrat Joe Donnelly.
Columbus newspaper building gets landmark status
Architect Myron Goldsmith and former Republic publisher Bob Brown developed the concept for the newspaper plant based on an open design offering full views of the building from the outside.
Report: Indiana 11th for high student loan debt
A new report says the average student loan debt for graduates of Indiana’s public, four-year universities last year rose to $27,500, or $900 higher than the national average.
Indiana House GOP looks for ‘supermajority’
Indiana Republicans hope to solidify their grip on the Statehouse in next month’s elections, but the GOP’s goal of winning enough House seats to essentially render Democrats irrelevant could prove an elusive target.