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Articles
Lucas Oil Stadium meeting revenue expectations
Roughly four years after it opened its doors in late 2008, Lucas Oil Stadium appears to have crossed the threshold of dollars that its creators anticipated from hosting events beyond the scope of the Indianapolis Colts.
Filling the FFA gap in Indianapolis
Local tourism officials have known for nearly four years that the National FFA Organization annual convention will leave Indianapolis temporarily after an anticipated 55,000 members clad in their trademark blue corduroy jackets descend on the city for their confab Oct. 24-27.
WellPoint spends $50M to burnish brand
The Indianapolis-based health insurer expects the purchase of health insurance to look and feel much more like online retailing than ever before, where brand name, along with price and convenience, win the day.
Company news
The Indiana Heart Hospital will change its name to Community Heart and Vascular Hospital on Oct. 1 to make sure patients know the hospital is part of the Community Health Network hospital system. “Patients no longer will have the potential to confuse our heart and vascular hospital with our competitors’ facilities, some of which have ‘Indiana’ in their names,” wrote Tom Malasto, president of the heart hospital, in a memo to employees. The St. Vincent Heart Center of Indiana is the other heart hospital in the Indianapolis area. Also, the 2011 name change by Clarian Health to Indiana University Health may have proved confusing to patients. The Indiana Heart Hospital, in Castleton, opened in 2003 with 56 beds. It had net patient revenue last year of $130.2 million, producing net income of $36.6 million.
Bloomington-based PartTec Ltd. has signed an agreement to manufacture and market a neutron detector system that may help researchers identify the underlying causes of human diseases. The Neutron-Sensitive Anger Camera (named for inventor Hal Oscar Anger) was developed by the Department of Energy's Oak Ridge National Laboratory. Biologists can use the neutron detector to discover a wider variety of proteins, some of which may be useful in battling such diseases as AIDS or cancer. Previous neutron detectors struggled to identify protein crystals smaller than 2 millimeters, but new cameras made by PartTec can clearly detect 1-millimeter and smaller crystals.
The St. Vincent Health hospital system has negotiated a discounted rate with iSalus Healthcare to help independent physicians around Indiana adopt electronic medical record systems. Indianapolis-based iSalus will make its Web-based OfficeEMR service available, as well as its staff’s support to get a physician practice transitioned to the system within 60 days. iSalus has had a similar discounted agreement with the Indianapolis Medical Society since 2010. Using electronic medical records for e-prescribing and electronic swapping of patient information can earn doctors bonus payments from the federal Medicare program through 2016. Failing to use such records will lead to cuts in Medicare payments, beginning in 2015.
Purdue University and Indiana University Health Arnett in Lafayette announced a new research study on colorectal cancer, focused on broadening participation from patients in more rural parts of the state. Research teams from Purdue and IU Health will use colorectal cancer data to improve statistical and engineering simulation models that predict how to treat and possibly prevent cancer. This research partnership, with a goal to include 100 cancer patients, expands Cancer Care Engineering project, which was launched by Purdue in partnership with the Indiana University Health Simon Cancer Center in 2006 through $5 million in funding from the U.S. Department of Defense, the Walther Cancer Foundation and the Regenstrief Foundation.
Lawmaker wants review of specialty plate proceeds
More oversight of Indiana’s specialty license plates is needed to ensure that the groups who benefit spend the money appropriately, according to the chairman of a legislative panel reviewing the plates.
Update: Swimming with sharks can be painful
Indianapolis entrepreneur Derek Pacqué pitched his business idea to potential investors on national TV and walked away empty handed—by choice.
Higher ed commission OKs IU philanthropy school
The university believes its School of Philanthropy will be the first in the world. The school will offer bachelor's, master's and doctoral degrees.
Investor still pushing for Simon to buy rival despite opposition
Brookfield Asset Management Inc. is keeping a tight grip on its stake in General Growth Properties Inc. in a bet the second-largest U.S. mall owner is better off as an independent company that will jump in value.
MainGate, Lids score Super Bowl merchandise deals
A pair of Indianapolis-based companies recently scored the largest single-event deal in the world of U.S. sports licensing, unseating 24-year incumbent Facilities Merchandising Inc. to win lucrative deals at the 2013 Super Bowl in New Orleans.
Indiana biz leaders race to fund presidential campaigns
Mitt Romney, the Republican presidential nominee, has raised $2.27 million in large gifts from Hoosiers, twice as much as President Barack Obama, according to federal campaign-finance data through June 30.
Marian University restoring velodrome to former glory
Marian University has sunk $350,000 so far into restoring the Major Taylor Velodrome near its campus, and has plans for much more.
EDITORIAL: Stop obstructing TIF projects
We applaud the move by certain Democrats on the City-County Council last month to advance a proposal to expand the downtown tax increment financing district. Now we’re counting on the full council to pass it when it’s eligible for consideration at the council’s Sept. 17 meeting.
Indiana Sports Talk still growing after 18-plus years
Statewide syndicated radio show thrives despite doubters, host’s heart attack.
Millcraft hoping to fill downtown paper-supply void
Millcraft Paper Co. is set to move from the far east side to downtown Indianapolis on Sept. 24 in hopes of filling a void left a few months ago by the closing of Arvey Paper & Office Products.
TIF expert is adviser to many municipalities
Loren Matthes helped broker first tax-increment financing deal in the state