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In spite of all the consolidation lately among hospitals, Community Health CEO Bryan Mills says the future of hospital systems will hinge more on partnerships like the one Community struck last week on its rehab hospital.
A letter from Carmel Mayor Jim Brainard to a company that fits the Chicago Mercantile Exchange’s description says the Indianapolis suburb is prepared to offer $150 million in incentives in return for 1,700 high-paying jobs.
The average rate for 30-year mortgages inched up from 4.23 to 4.25 percent for the week ended Nov. 30, according to Bankrate.com. The rate for 15-year mortgages rose from 3.47 percent to 3.48 percent.
Thomas T. Kmiecik has joined HDG Mansur Capital Group LLC as executive vice president and chief financial officer.
-Kort Builders has started build-out of a 32,000-square-foot office space for the Guitar Center at 6625 Network Way.
-Kort Builders has started build-out of a 4,985-square-foot retail space for Scrubs & Beyond at 5151 E. 82nd St., Ste. 500/600.
Sellersburg-based Rivera Consulting Group Inc. announced Monday that would build a new facility in Clarksville and expects to add up to 85 jobs over the next three years.
-Southwire Co. leased 300,000 square feet of industrial space at 600 S. Perry Road, Plainfield. The tenant was represented by Sean Boswell of Colliers International. The landlord, The Westminster Funds, was represented by Luke Wessel of Cassidy Turley.
-Remittance Processing Services LLC renewed its lease for 6,915 square feet at 2960 N. Meridian St. The tenant was represented by Brooke Augustin of Alliance Commercial Real Estate. The landlord, Internal Medical Group Inc. represented itself.
-ASPIN subleased 5,902 square feet at 8425 Woodfield Crossing Blvd. The tenant was represented by Steve Beals of Lee & Associates. The sublessor, National Education Loan Network Inc., was represented by Brooke Augustin and Bryan Augustin of Alliance Commercial Real Estate.
-Interactions Corp. leased 5,855 square feet at 8435 Keystone Crossing. The tenant was represented by John Crisp of Cassidy Turley. The landlord, LA/Shadeland Station Inc., was represented by Crystal Houston of CBRE.
-The Department of Veterans Affairs leased 5,503 square feet at Landmark Center, 1099 N. Meridian St. The landlord, Landmark Ventures LLC, was represented by John Vandenbark of CBRE. The tenant represented itself.
-Gentle Dentist leased 3,200 square feet at Cherry Tree Crossing, 9702 E Washington St. The landlord, Cherry Tree Crossing LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate. The tenant represented itself.
-T Mobile leased 3,000 square feet of space at 10 E. 38th St. The tenant was represented by Gary Perel of Newmark Knight Frank Halakar. The landlord, Ron Anderson, represented himself.
-SalonCentric leased 2,672 square feet at Greenwood Corner Shops, 8711 US 31 South, Greenwood. The tenant was represented by Matthew Katzenback of Atlantic Real Estate Services and Larry Davis of Sitehawk Retail Real Estate. The landlord, HPG Greenwood Corner Shops LLC, represented itself.
-Perfect Tan & Spa leased 2,450 square feet at Saratoga Shops, 1070 W. Main St., Plainfield. The landlord, Saratoga Associates LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-The Davis Clinic leased 2,229 square feet of space at Sycamore Springs Office Park, 4745 Statesman Drive, Suite A. The tenant was represented by Jenna Barnett of Newmark Knight Frank Halakar. The landlord, MSE Realty LLC, was represented by Ralph Balber and Ashley Bussell of Newmark Knight Frank Halakar.
-National Fuel Marketing Co. LLC leased 1,749 square feet at 101 W. Ohio St. The tenant was represented by Brooke Augustin of Alliance Commercial Real Estate. The landlord, West Ohio II LLC, represented itself.
-The Flying Cupcake leased 856 square feet at Rivers Edge, 4026 E. 82nd St. The tenant was represented by Bart Jackson of Lee & Associates. The landlord, KRG Rivers Edge LLC, was represented by Blake Beaver of Kite Realty Group.
Rookwood Custom Builders LLC bought 17 acres at Fishers Marketplace, at the northeast corner of State Road 37 and 131st Street in Fishers. The price wasn’t disclosed. The buyer, which plans to develop the 300-unit Addison Landing apartments on the eastern portion of the site, represented itself in the transaction. The seller, ONB Realty I LLC, was represented by Ashlee Boyd and Chris Hake of Thompson Thrift Development.
A plan to offer a 10-year tax abatement worth $23 million for Rolls-Royce Corp. to redevelop two plants on the west side and move thousands of office workers into downtown’s Faris campus is scheduled for an initial hearing Wednesday.
Indiana University is acquiring 11 Internet domains names using a new suffix meant for pornography sites. Numerous colleges across the nation are taking similar measures.
ISO to accompany hit film, “Star Search” and “American Idol” to be represented at the Cabaret, and more.
Local shopping malls are seeing an influx of temporary stores and newly arrived permanent tenants for the holiday season.
The donation to the Central Indiana Land Trust comes from farmer Van Eller, who lived most of his life on the land now surrounded by Fishers and Carmel subdivisions before he died last year at age 89.
Indianapolis-based WellPoint Inc. won’t put Pfizer Inc.’s cholesterol drug Lipitor on its generics list and instead will favor a copy made by Watson Pharmaceuticals Inc., according to Bloomberg News. Lipitor, the best-selling brand-name drug of all time, began facing competition from cheaper generic copies on Nov. 30. India-based Ranbaxy Laboratories Ltd. won approval to sell generic Lipitor, called atorvastatin. And New York-based Pfizer authorized New Jersey-based Watson to also make generic copies. But Pfizer turned heads by striking deals with insurers and pharmacy benefit managers, such as New Jersey-based Medco Health Solutions, to reject claims for generic atorvastatin in exchange for price cuts that made patients' co-pays on brand-name Lipitor equal to the generic pill. But some have questioned whether the total cost to health plans will be higher under Pfizer’s plan. Three U.S. senators sent a letter last week to Pfizer questioning whether the deals will artificially prop up patient costs, according to Bloomberg. “By working with manufacturers to push brand-name drugs, drug-benefit companies may be abusing Medicare to boost their profits and deny generic alternatives to patients—a practice that needs to end immediately,” said Sen. Max Baucus, a Montana Democrat who leads the Finance Committee. WellPoint said it would charge co-pays of $20 to $35 for Lipitor prescriptions, instead of co-pays of $10 to $15 for generic atorvastatin.
Indianapolis-based Indiana University Health opened its newest hospital in Fishers on Dec. 1. IU Health Saxony, the construction of which was delayed by the 2008 financial meltdown, cost $270 million to build. The 200,000-square-foot facility has 42 inpatient beds and an outpatient surgery center. IU Health also built a medical office building with a retail pharmacy, café and sleep disorders center. About 60 physicians will work from the hospital campus, most of them employed by IU Health. The whole facility will employ 250 workers. Near IU Health’s new hospital, Indianapolis-based St. Vincent Health operates an emergency room and medical center that it is expanding into a full-service hospital. The expanded facility, which will include 40 inpatient beds, is scheduled to open in early 2013.
Zimmer Holdings Inc. will establish a new research and development center in Beijing, where the Warsaw-based maker of orthopedic implants already has offices. Zimmer did not say how many people it plans to employ at its R&D center. But the company hopes to develop a network of similar R&D centers around Asia. "Investment in local research and development represents a critical component of Zimmer's long-term strategy to provide clinically relevant offerings for Asian markets,” CEO David Dvorak said in a prepared statement. Zimmer plans for its Beijing researchers to collaborate with local engineers and health care professionals to develop products specifically tailored to the needs of Asian patients.
The Obama administration on Friday let stand an earlier rule that said brokers’ fees will have to count toward a 15-percent to 20-percent cap on administrative expenses placed on insurance plans by the 2010 health overhaul.
The Indiana governor says the U.S. Senate should support the Keystone XL pipeline, which would bring tar sands oil from Canada to the United States.
The performer, currently in the studio working on a new album, has a new film, "W.E.," which she directed, wrote and produced and will open nationally two days before the NFL's signature event.
The key number used nationally to determine just how deep the problem is, the unemployment rate, is the subject of its own debate.
The Hoosier Environmental Council and the Valparaiso-based Legal Environmental Aid Foundation say they're merging in hopes of advancing environmental issues in Indiana.
