New owners aim for big profit after buying IPS school on the cheap
The buyers of former IPS School 64 stand to make hundreds of thousands of dollars if they manage to flip the property they bought for just $20,000.
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Hot apartment market sees robust sales
Gene B. Glick Co.’s purchase of the 240-unit Thompson Village apartment complex on the south side is the most recent deal in a year full of apartment transactions.
UPDATE: Wind delays hoisting of monument sculpture
The 38-foot-tall monument was taken down in April for a $1.5 million restoration project to fix decades of weather and water damage.
Indiana classic car auction sees attendance jump
Officials of the company that has taken over a long-running classic car auction in northeastern Indiana say they believe it has bounced back from the financial and legal troubles of its former owner.
Clutch hitters 1: Jeff Stockberger
Meet seven local actors who, in my subjective opinion, can always be counted on.
Daniels works to maintain national profile
Since he decided against running for president in May, Gov. Mitch Daniels has given more interviews on national television than when he was still considering a run. Although he has said no to the top of the presidential ticket, he has not ruled out running for vice president.
General Assembly considers going paperless with iPads
Indiana state lawmakers may trade in the reams of paper they use each session for sleeker iPads.
Tax bills spur eBay listing for Anderson office buildings
Two investors stung by soaring property taxes have listed three Anderson office buildings on eBay in hopes of drumming up interest in the $4.5 million package deal.
People
St. Francis Medical Group’s Indiana Heart Physicians has added Dr. George Blake to its practice. Blake was previously part of Premier Healthcare Inc., an internal medicine practice in Bloomington. Blake received his undergraduate degree in biology at the University of Houston and his medical degree at Baylor College of Medicine.
People
Managed Health Services has hired Dana Moell as its director of member and provider services. Moell previously served as assistant director of alumni relations at DePauw University in Greencastle. She also served as a customer relations supervisor, manager and reservations general manager with ATA Airlines Inc. Managed Health Services, a subsidiary of St. Louis-based Centene Corp., is a health maintenance organization that has contracts with the Indiana Medicaid program and the Healthy Indiana Plan.
Indiana University Health appointed Eli Lilly and Co. executive Anne Nobles to its board of directors. Nobles is Lilly’s senior vice president for enterprise risk management and chief ethics and compliance officer.
Q&A
Thad Johnson became CEO of Methodist Sports Medicine / The Orthopedic Specialists on June 15, the first time the 19-physician practice has had a non-physician executive.
People
Community Health Network hired Dr. Scott Reece as medical director of primary care outreach. Reece will oversee Community’s new extended care facility physician practices. He most recently served as the senior associate director of the Department of Medical Education Family Medicine Residency at IU Health Ball Memorial Hospital. He also was a family practice physician in Delaware County for 24 years.
Tony Javorka has been named chief operating officer for Community Health Network’s new integrated physician group. Javorka previously held the position of chief operating officer for practice and hospital operations at Community Heart and Vascular, a subsidiary of Community Health that includes cardiologists and the Indiana Heart Hospital. Before joining Community, Javorka served as CEO for the Indiana Heart Associates physician practice as well as senior manager of the health care group at Somerset CPAs.
Company news
Indiana University in Bloomington will begin a professional master’s degree program in medical physics in the fall of 2012. The field involves using the concepts and methods of physics to diagnose and treat disease. The new program will include a curriculum in physics, mathematics, chemistry and biomedical sciences, as well as practical courses in radiation therapy physics, diagnostic imaging physics, nuclear medicine and radiation protection physics.
Westview Healthplex Sports Club took over management of the fitness center on the ground floor of the OneAmerica Tower on Sept. 1. Westview, which is an osteopathic hospital and health club near Lafayette Square Mall, will staff the fitness center with fitness coaches, personal trainers and massage therapists.
Harrison College and WGU Indiana have both formed new partnerships for their nursing programs. Harrison, an Indianapolis-based for-profit school, now will work with Community Health Network’s hospital facilities to help train its associate’s degree students. And WGU Indiana, which launched its nursing program in Indiana earlier this year, will train some of its students at Hancock Regional Hospital in Greenfield. WGU Indiana was formed last year by a partnership between the state of Indiana and Western Governors University, an online college for adult learners. Nursing schools are trying to grow in order to turn out enough nurses to replace the wave of baby boomers that is beginning to retire.
Company news
Thinking of going jungle zip lining or cave tubing anytime soon? Or are you hoping to get up close to lions and elephants on a wildlife safari? Well, now you can buy health insurance to cover you while you take such adventures. Indianapolis-based International Medical Group Inc., which sells health insurance for tourists and expatriates, launched a new product this month with a rider that will cover exactly those kinds of activities. The Patriot Green Group insurance policy is aimed at “international travelers that are committed to sustainable and responsible tourism,” according to a press release from IMG. It makes donations to offset the carbon footprint created by jetting around the world for exotic thrill-seeking. But if a wild adventure proves unsustainable—as when a zip-liner pulls a George of the Jungle and hits a tree—IMG will still help its customers be green even beyond the grave. The Patriot Green Group policy can come with a feature that, when triggered by the customer’s accidental death or dismemberment, will donate $5,000 to “an environmental group that positively impacts global conservation.” Now that takes going green to a whole new dimension.
Butler University’s College of Pharmacy and Health Sciences this fall launched a dual degree for pharmacy students interested in doing research. Students now can earn a doctor of pharmacy degree along with a master’s in pharmaceutical sciences in six years, the same time frame required for the doctorate alone. Butler launched a similar dual degree in 2003, which combined a doctorate in pharmacy and an MBA degree.
Will ACOs really get off the ground?
The hype over accountable care organizations—something every major hospital in Indianapolis is moving to become—is increasingly being laced with skepticism as the economics behind the idea get more scrutiny.
Show-me state stings SynCare
Indianapolis-based SynCare LLC has been touting its growth in Missouri since it entered the market in 2009. But now SynCare’s excursions in the show-me state have turned into a nightmare.
Company news
Franciscan St. Francis Health’s Indianapolis hospital will be the setting for the BBC World Service radio program "World Have Your Say" on Wednesday. “We were looking for a vibrant hospital community where we could reflect the conversations that are taking place there,” Ros Atkins, host of the show, said in a prepared statement. “Through the staff, patients and their families, we hope to give one snapshot of life in America.” The one-hour show, in which topics are determined by its 45 million listeners and by guests, is broadcast daily locally at 1 p.m. on WFYI-FM 90.1.
The Indiana Spine Group physician practice opened its new Indiana Spine Center today, claiming the facility is the only one in the state to provide all aspects of spine care in one location. The 60,000-square-foot center, in Carmel near 131st and Meridian streets, has 16 exam rooms, imaging equipment, a physical therapy unit and three operating rooms. The Indiana Spine Group includes seven physicians.
Brokers ‘devastated’ by reform rule
The decision last year by the U.S. Department of Health and Human Services not to exclude health insurance brokers commissions from a provision in the 2010 health reform law has been “devastating to brokers,” broker advocate Janet Trautwein said during an August speech in Fishers, and there are signs that Congress will act to reverse the policy.
Gloomy outlook for medical device makers
The next four years could be rough for makers of medical devices and orthopedic implants, including Bloomington-based Cook Medical Inc. and Warsaw-based Zimmer Holding Inc. and Biomet Inc.—and not because of the 2010 health reform law.