UPDATE: Borders files bankruptcy, to close 2 area stores
Borders will close its downtown-Indianapolis and Carmel stores as part of its plan to shutter about 30 percent of its stores nationally.
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Hamilton County woman to be sentenced in stock scheme
Prior to Wednesday’s sentencing, the Secretary of State’s securities division said it reached an agreement to liquidate the assets of Dorothy Geisler, including her home on Geist Reservoir.
INSIDE DISH: Egyptian Cafe posts hot profits, fears smoking ban
Mohey Osman has breathed life into a Middle Eastern tradition at the Broad Ripple eatery and hooka bar, but a state smoking ban could choke the business.
Secretaries of state to gather in Indy in 2013
The National Association of Secretaries of State has chosen Indianapolis as the site for its annual summer conference in 2013.
Irsay: Colts put franchise tag on Manning
Manning, the only four-time MVP in league history, has been given the exclusive franchise tag, a move that could cost the Colts $23 million next season. Team owner Jim Irsay announced the decision Tuesday night on Twitter.
GOP-led panel tweaks Daniels’ school voucher bill
Fewer families would qualify for private school vouchers under changes Republican lawmakers have made to Indiana Gov. Mitch Daniels' controversial proposal.
Indiana Senate panel advances marijuana, meth bills
The Senate's criminal law committee voted 5-3 to advance to the full Senate the bill directing the criminal law and sentencing study committee to examine Indiana's marijuana laws next summer and make recommendations.
Union protests at Statehouse on GOP proposals
The future of the bill drawing the strongest ire of the union members remained uncertain as a Republican committee chairman said a decision had not been made on whether so-called right-to-work legislation would be considered this session.
Indiana House OKs amendment banning gay marriage
The Republican-controlled House voted 70-26 to advance the proposal, which must clear two separately-elected Legislatures to get on the ballot for a public vote.
St. Vincent CEO takes on new duties in Wisconsin
St. Vincent Health CEO Vince Caponi will take charge of three hospitals in Wisconsin that are also owned by St. Vincent’s parent organization, Ascension Health. He’ll also keep his current job.
Q&A
Harlon Wilson, president of Indianapolis-based Medical Animatics, says the uncertainty created by the recession and now health care reform have dried up most opportunities for his 3-D animation firm to win new business with health care clients. So he’s looking at new markets—such as the recent online learning work for Harrison College that led Medical Animatics to sell some of its assets to the for-profit university. And Wilson is still banking on persistent needs to educate patients to cause health care to bounce back.
People
Vince Caponi, CEO of Indianapolis-based St. Vincent Health, will take charge of hospitals in Wisconsin that are also owned by St. Vincent’s parent organization, Ascension Health. The St. Louis-based Catholic hospital system operates 19 hospitals in Indiana and three more in Wisconsin, clustered near Milwaukee. Caponi has engineered a string of acquisitions for St. Vincent Health since taking charge of the organization in 1998.
Indiana University Health will promote Kelly Braverman to the new role of vice president of operations for the health care system’s downtown hospitals–IU Health Methodist Hospital, IU Health University Hospital and Riley Hospital for Children at IU Health. Braverman, 35, has worked as the special assistant to CEO Dan Evans since 2003.
Myron D. Lewis has been named administrative director of Indiana University Health Saxony Hospital, a 42-bed facility scheduled to open later this year in Fishers. Lewis previously served as administrative executive director at the 355-bed IU Health Bloomington Hospital.
Dr. Brian Leffler is joining Avon Family Health, a member of the Hendricks Regional Health Medical Group. Leffley holds degrees from Butler University and the Indiana University School of Medicine. He completed a residency in family medicine at St. Vincent Hospital in Indianapolis.
Company news
A proposal that would make it easier for Eli Lilly and Co. to be purchased in an unwanted takeover will be voted on again by shareholders at the company’s annual meeting. The effort to remove an 80-percent approval threshold for takeover bids against the wishes of Lilly’s board is on the agenda of the April 18 meeting. The proposal failed last year after receiving approval from 74 percent of shareholders owning Lilly stock. To pass, it needed the support of investors holding 80 percent of all of Lilly’s outstanding shares. The supermajority vote requirement, which has been in place for more than 25 years, applies not only to outright takeover bids, but also to measures used to achieve them, such as removing directors before their terms end or expanding the size of the board. If the proposal passes, it would require a bare majority of votes to approve such actions in the future.
A researcher at the Indiana University School of Medicine and the Regenstrief Institute Inc. has received a $420,000 grant to use computer technology to manage patients after they leave hospitals. Dr. Martin Chieng Were’s research focused on patients who are discharged from a hospital even when results from their medical tests are still pending. Poor communication and management of such patients leads to serious medical errors in the patients’ follow-up care, Were has shown. The grant is from the Robert Wood Johnson Foundation.
Arcadia Resources Inc. continued to shed money in its most recent quarter but took a smaller loss than it did in the same period of 2009. Indianapolis-based Arcadia lost $2.3 million, or 1 cent per share, on revenue of $26.2 million in its third fiscal quarter, which ended Dec. 31. That compares to a loss of $3.2 million, or 2 cents per share, on revenue of $25.7 million for the same quarter in 2009. In its pharmacy segment, Arcadia reported revenue of $5 million in the latest quarter, marking a 22.6-percent increase for its DailyMed medication-management system over the same period in 2009. Arcadia’s DailyMed service packages doses of prescriptions into individual packets, to make it easier for patients on numerous medications to stick to their regimens. DailyMed currently is offered in WellPoint-affiliated health plans in California, Kansas, South Carolina and Virginia.
Fort Wayne firm to open health info to patients
With electronic medical record systems proliferating, there’s information galore about patients. But it’s not so easy for patients to get at it. Now Fort Wayne-based NoMoreClipboard has been charged to design ways to fix that problem.
Reform, revenue behind Franciscan expansion
Changes unleashed by health reform are pushing Franciscan St. Francis Health’s expansion into Hamilton County—in addition to the obvious pull of the area’s well-heeled population.
Fair trustee: Durham committed fraud of ‘shocking proportions’
Fair Finance Co.’s bankruptcy trustee alleges Tim Durham perpetrated a fraud of "shocking proportions,” draining huge sums from the Akron, Ohio, firm for years to mask that his business empire had collapsed.
Booster groups Indy Partnership, Develop Indy to merge
Local economic development groups Indy Partnership and Develop Indy plan to combine operations to save money and more effectively pitch the city and region to potential job creators.
Logistics provider cutting 76 jobs in Brownsburg
Pittsburgh-based Genco ATC is vacating its Brownsburg facility after failing to receive the contract to operate the warehouse at 901 Northfield Drive.
Business Ownership Initiative hires executive director
Julie Grice, a 10-year veteran of the Greater Indianapolis Chamber of Commerce and former business owner, began her tenure as executive director of the not-for-profit Business Ownership Initiative of Indiana on Sunday.
Castleton mall evacuated for gas leak
Castleton Square Mall was evacuated Tuesday morning as a precaution after a vehicle hit a gas meter outside of Macy’s about 7 a.m. Citizens Gas was able to quickly plug the leak, and the mall opened for business at its regular time of 10 a.m.