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Zimmer looks to China to reignite growth

Zimmer Holdings Inc. completed an acquisition in China on Tuesday, but recession hangovers in the United States and Europe are trumping all other factors and keeping the company’s growth bottled up for now.

People

The University of Indianapolis named Stephanie Kelly, a physical therapist, the new dean of its College of Health Sciences, promoting her from acting dean status. Kelly, who joined UIndy in 1996, emerged as the favorite candidate after a national search. The college produces more physical and occupational therapists than any other in Indiana.

Scott Teffeteller will remain CEO of Union Hospital in Terre Haute after a national search. Teffeteller had been serving as interim CEO since his predecessor David Doerr stepped down in September to become CEO of the entire Union Health System. Teffeteller, 39, joined Union in 2006 as chief operating officer.

Rehabilitation Hospital of Indiana named Sharyl J. Border its new executive director of marketing. Border was previously a senior specialty sales representative at Eli Lilly and Co.
 

Company news

Indianapolis-based Lilly Endowment Inc. has given $35 million to Manchester College to help launch a new school of pharmacy in Fort Wayne. Manchester, a 1,300-student liberal arts college west of Fort Wayne, plans to open the school in 2012 with a class of 70 students. The school, which would be Indiana’s third doctoral pharmacy program, would ramp up to 265 total students. Average pharmacist salaries nationwide top $115,000, according to the industry trade journal Drug Topics. There are 115 schools of pharmacy nationally, with 20 more preparing to launch, according to the American Pharmacists Association. There are nearly 175,000 pharmacists nationwide. Most dispense prescription medicines in community drug stores, though a growing number work at hospitals or as consultants and health care managers.

WellPoint Inc.’s request to raise rates on small-business health plans in New York by as much as 28 percent will face increased scrutiny because of new U.S. regulations, the state’s top health insurance official told Bloomberg News. Federal rules released Tuesday tell state regulators to view rate-increase proposals of more than 10 percent as “initially unreasonable,” said Louis Felice, head of New York’s Insurance Department’s health bureau. Indianapolis-based WellPoint asked for a premium hike of 20 percent to 28 percent for 216,000 people in health plans at businesses with 50 or fewer employees. State officials can choose to bar insurers with a pattern of rate increases that the new health law labels as “unreasonable” from new insurance exchanges that will be set up in 2014 as part of funding coverage for 24 million individuals. The 10-percent threshold will change after 2011 to a state-by-state measurement based on the history of health costs in each state.

Indiana Medicaid services likely will be cut in order to head off a projected 25-percent spike in spending over the next two years, according to the Associates Press. The actuary hired by Medicaid to make budget projections, Milliman Inc.’s Robert Damler, said the program’s spending is set to grow by $3.3 billion over the next two years, and more after that, unless some services are cut. Those figures rendered the State Budget Committee “speechless,” said committee Chairman Luke Kenley, a Republican state senator from Noblesville. Damler suggested cutting spending for chiropractors, podiatrists and adult dental services to reduce the Medicaid bill. But Medicaid is likely here to stay, after Kenley backed away from an earlier suggestion that Indiana follow Texas' lead in exploring alternatives to Medicaid. Kenley said there was no enthusiasm for such an option from Gov. Mitch Daniels' administration. Damler said Indiana's Medicaid population of about 1.11 million—mostly single moms and kids—will grow to 1.25 million in 2013, and then add another 400,000 the following year when key provisions of the health care overhaul kick in.

Anderson-based Saint John’s Health System plans to spend $24 million to build a surgical services center, with construction beginning this fall. The subsidiary of Indianapolis-based St. Vincent Health currently performs 11,000 surgeries a year in three facilities, one of which is 42 years old.

Indiana grows slowly but keeps all nine House seats

Indiana added about 400,000 new residents during the past decade, giving the state enough population growth to safeguard its nine U.S. House seats and avoid a repeat of the one-seat loss it saw after the 2000 census.

Man robbed by bandits with badges

Three men posing as Indianapolis Metropolitan Police officers robbed a motorist early Tuesday, the victim told investigators. The male victim, who was not identified, said he was approached near Executive Drive and Raymond Street by three men wearing gold badges around their necks. One was wearing IMPD-logo clothing. The attackers handcuffed the man, robbed him and stole his car. A snowplow driver saw the victim, still in handcuffs, walking in the area shortly after midnight.

Tire-gobbling potholes slow traffic

Several large potholes on Interstate 465 flattened the tires of a half-dozen morning commuters Tuesday. The large holes opened up in the center southbound lane of I-465 on the west side, near Crawfordsville Road.  At least six cars hit the holes and were forced to pull over with flat tires. The Indiana Department of Transportation dispatched maintenance crews to repair the mess.

One dead in shooting at fairgrounds

Indiana State Police are investigating a fatal shooting during an under-age dance party held Monday night at the Indiana State Fairgrounds. Two people were shot just after midnight during a confrontation at the "Ice Cold Christmas Jam," held inside the Blue Ribbon Pavilion. Shawn Campbell, 20, was pronounced dead at the scene. Police said an 18-year-old man was treated at Methodist Hospital for a gunshot wound to the shoulder. Investigators locked down the fairgrounds and held at least 200 partygoers for questioning well into the early morning hours.

“The 25th Annual Putnam County Spelling Bee”

Dec. 29-Jan. 30
Beef and Boards

The quirky, interactive “Spelling Bee” contains some decidedly PG-13 material and the least-traditional score I can think of for any B&B show—which makes the selection all the more interesting. The cast includes Sarah Hund and Jayson Elliott, two B&B regulars best remembered for their outstanding “Smoke on the Mountain” performances, plus some new faces—including a few members of the audience recruited beforehand to be part of the fictional bee. Details here.
 

“A Candlelight Evening on Delaware Street”

Dec. 29
Old Northside

Celebrate the holidays in an old-school way with a progressive dining tour of historic homes in the Old Northside. Stops include the President Benjamin Harrison Home, the Indianapolis Propylaeum Club and the Yellow Rose Inn. Details here.
 

New Year’s Eve events

Dec. 31
Various locations

To be honest, I long ago lost my interest in going out for New Year’s Eve. Blame it on having four kids—or on the fact that, for the decade I spent as a stand-up comic, Dec. 31 was a night of work (albeit work that paid better than every other night).

If I were interested in heading out for the turning of the year, however, I’d consider a stop at Big Car Gallery, where the unpredictable Know No Stranger theater troupe is part of the entertainment for an all-ages evening. Or The Jazz Kitchen, where Brenda Williams and Cynthia Laine are on stage with Rob Dixon and others. The Indianapolis Symphony Orchestra is teaming with Dance Kaleidoscope for its New Year’s Eve in Vienna celebration, which sounds delightful. And, for something completely different, Here Come the Mummies is playing Old National Centre (it’s a band, in case you haven’t heard).

Of course, there’s always comedy: Costaki Economopoulos is taking the stage at Morty’s Comedy Joint.

Did I miss anything? Of course I did. There’s something going on at just about every bar, restaurant and venue in town. Enjoy. And Happy New Year—which I realize doesn’t technically fall into this week, but usually requires some advance planning, hence its inclusion in this edition.
 

WellPoint’s New York rate hike to face scrutiny

WellPoint Inc. and other U.S. health insurers will have to provide justification for any increases to customers’ premiums of more than 10 percent next year, according to federal regulations published Tuesday.

Analysts: Simon unlikely to buy Capital Shopping

Simon Property Group Inc. is unlikely to buy Capital Shopping Centres Group Plc because it will take too long for rents to rise enough to justify a price its U.K. counterpart would accept, according to Barclays Capital real estate analysts.

Glick partnership buys Maxwell apartment building

Gene B. Glick Co. and Milhaus Development LLC have purchased The Maxwell from Star Financial Bank. Located at 530 E. Ohio St., the project originally was developed as condos by Kosene & Kosene.

Indiana awaits census data, redistricting debate

Unlike a decade ago, when the 2000 census cost Indiana one of its U.S. House seats, the state is expected to hold on to all nine of its congressional districts Tuesday when the U.S. Census Bureau releases new national population data, state lawmakers said.