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Buyout frenzy hits Indiana firms:

January 1, 2007

The year closed with two multibilliondollar buyouts of Indiana public companies-Carmel-based Adesa Inc. and Warsaw-based Biomet Inc. It was a fitting way to wrap up what was a record year for U.S. buyouts, many of them launched by deep-pocketed private equity firms. Adesa, an operator of auto auctions, announced Dec. 22 that it will be sold to a group of private-equity investors, including New York-based Goldman Sachs Group Inc., for $3.7 billion. Four days earlier, Biomet, a maker of orthopedic…

Winona Hospital litigation fizzles

January 1, 2007

A court-appointed trustee in charge of Winona Memorial Hospital’s bankruptcy says he believes former owners fleeced it for
more than $4 million. But he has little to show from his two-year quest to recover money for creditors and now is winding
down the case.

STATEHOUSE DISPATCH: Think the state’s awash in cash? Think again

January 8, 2007

Most observers assume there will be a confrontation between House Democrats, led by Speaker Pat Bauer, D-South Bend, and Republican Gov. Mitch Daniels this session. They suggest it’s like watching a hockey game and just waiting for a big fight. But confrontation need not be a synonym for breakdown , and while legislative Democrats and Daniels have some different philosophies about the role of government, they also have some basic agreements on just what should be accomplished before the end…

MDwise acquires IUMG network

January 8, 2007

MDwise Inc., a locally based not-for-profit health care provider mostly for low-income individuals, has acquired IU Health Plan from IU Health Inc. for an undisclosed amount. IU Health is a health care network commonly known as IU Medical Group Primary Care or IUMG. MDwise will assume IUHP’s HMO network and become a member of the […]

VIEWPOINT: Let’s improve the health of working poor

January 15, 2007

On a cold and rainy day and wearing only a thin jacket, Maria walked eight miles to get help. She was pregnant and seeking prenatal care. Her husband had deserted her. The pervasiveness of unemployed and working-poor families presents a growing challenge. Most are underinsured or have no health insurance at all. That means our charity-care system is stretched to the maximum. One north-side center that provides care for the uninsured and underinsured has seen a 15-percent increase in patients…

State to privatize mental-health hospital

January 15, 2007

State officials are advancing plans to privatize a state-run hospital for the mentally ill and now are looking for a not-for-profit
to build and manage a new facility in Indianapolis.

Charities struggle to cultivate donors

January 22, 2007

Attracting people under 40 with money to give is one of the latest challenges faced by not-for-profit organizations. As fund-raisers
look toward cultivating the next generation of supporters, they see a younger generation that appears less inclined to do
so.

Doctor report cards may boost care, pay: New pay-for-performance model prepares for testing

January 22, 2007

The designers of a pay-for-performance plan for doctors are about to put their theories to work. The Quality Health 1st of Indiana program will start testing its unique system for measuring performance in the next three months, and it might lead to bonus payments for doctors by the second half of 2007. Big in-state insurers like M-Plan Inc. and Anthem Blue Cross and Blue Shield of Indiana back the initiative, and several large doctor groups have signed up, too, said…

Corporate shopping spree: Massive Guidant deal helps make 2006 a record-setting year for local M&A activity

January 29, 2007

Last year was a record-shattering period for the Indianapolis-area merger and acquisition market, thanks in large part to the loss of one public corporation. Guidant Corp.’s acquisition by Boston Scientific Corp. for $28.4 billion last year and the related sale of its vascular business to Abbott Laboratories for $4.1 billion made the 2006 Big Deals list bigger than ever. That’s because the two deals made up about 85 percent of the $38.5 billion of M&A activity tracked down by the…

A lonely number for IPOs in Indiana: Calumet joins short list of Indiana companies to go public this decade

January 29, 2007

A little-known refining and petroleum products company on the city’s west side has the distinction of being the only company in the state to go public in 2006. Calumet Specialty Products Partners LP filed its initial public offering last January. It completed the process in June by selling 5.7 million shares of stock at $21.50 each, ultimately raising $122.5 million. Shares since have nearly doubled in value, thanks in part to rising prices in the petroleum industry. While Calumet’s decision…

There’s hope for Connersville after Visteon, experts say

February 2, 2007

Connersville has more problems than Visteon Corp.’s announcement yesterday that it will close its 890-worker automotive heating and air-conditioning components plant in September. The small city east of Indianapolis also no longer has an economic development director. Charlie Dibble, who led the Connersville-Fayette County Economic Development Group, left just one week ago by mutual agreement […]

Arts Council ready to play matchmaker

February 5, 2007

Leaders of the 20-year-old Arts Council of Indianapolis want to broaden the organization’s approach to arts advocacy. They
say they’d like to act as a cultural broker of sorts, making sure local artists are connected with possible patrons.

Advocacy firms finding business in confused patients: Health care complexities creating new industry

February 5, 2007

Duane Etienne’s role as the leader of a local elder-care agency provides him the benefit of knowing how to navigate the intricacies of the modern medical maze more than most. Yet, the 65-year-old admitted he still had trouble deciphering the fine print on his parents’ insurance policies. “It’s just too complicated,” said Etienne, president of the local CICOA Aging & In-Home Solutions. “I work this business every day, and it’s complex for me. But I’ve got people I can go…

Indiana health provider says no to drug reps: Arnett joins others wary of industry marketing power

February 5, 2007

There truly is no such thing as a free lunch, or at least that’s what Arnett Health-System told drug company sales representatives last fall. The Lafayette-based system banned meals for doctors that were paid for by the salespeople, but it allowed them to continue to meet with physicians through appointments. Then that stopped Jan. 1. Now, Arnett also prohibits reps from making sales calls at its roughly 20 locations in Tippecanoe County and the surrounding area. No more free samples…

WellPoint banks on the popularity of HSAs: Insurer moves to start bank, offer medical financing

February 26, 2007

To do so the Indianapolis-based health insurer is moving to start its own bank, whose initial role will be to hold and manage its customers’ health savings accounts. An HSA is a relatively new breed of health insurance that places money-and more responsibility-in consumers’ hands. Well-Point bets more and more of its customers will start such accounts in the future. “We expect to see continued strong growth for these products. There is a tremendous amount of interest in the marketplace…

New NFIB boss knows politics: State chapter to devote more time to campaigns

February 26, 2007

Kevin Hughes cut his teeth in the political world. Now he’s taking a bite out of small business, as the new state director for the National Federation of Independent Business. Hughes, 30, has never owned his own business, but he worked for six years at the Ohio State Legislature as a legislative aide and for the Senate Republicans there. He also worked on several campaigns. In 2004, Hughes took a job as the Midwest regional political director for NFIB in…

WellPoint’s new CEO likely to encounter more obstacles than her predecessor

March 5, 2007

There are no longer any for-profit Blue Cross Blue Shield insurance plans for WellPoint Inc. to acquire as a means of growth.
State governments have effectively stopped those plans from converting to for-profits. That means new CEO Angela F. Braly
can’t keep WellPoint growing by gobbling up competitors.

Sun Capital draining Marsh excess

March 5, 2007

Sun Capital Partners, Florida-based parent of Marsh Supermarkets, is unloading what it sees as excess real estate. Marsh put
19 properties on the market in late February for a total asking price of $10.6 million.

Software firm finally making name for itself: Fusion quietly becomes giant in local tech industry

March 5, 2007

Doug Brown might not know how to name a company, but he sure knows how to grow one. CEO Brown, 46, co-founded Fusion Alliance Inc. in 1994 along with Tim Shaw, who is no longer active in the firm. The company has since blossomed into the Indianapolis-area’s’s largest software developer, with 196 staff and contract software engineers and programmers. Much of the growth coincides with the decision in 2000 to rechristen the northwest-side company from its original and less glamorous…

Crown Hill development showdown looming

March 19, 2007

Debate over a developer’s plan to buy 71 acres of woods and wetlands on Crown Hill Cemetery’s northern edge for a retail-and-residential
project will come to a head this week when the Metropolitan Development Commission votes on the proposal.

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5,472 results for 'Health care group'

People

Rachel Johnson

Articles

Buyout frenzy hits Indiana firms:

Winona Hospital litigation fizzles

STATEHOUSE DISPATCH: Think the state’s awash in cash? Think again

MDwise acquires IUMG network

VIEWPOINT: Let’s improve the health of working poor

Charities struggle to cultivate donors

Doctor report cards may boost care, pay: New pay-for-performance model prepares for testing

Corporate shopping spree: Massive Guidant deal helps make 2006 a record-setting year for local M&A activity

A lonely number for IPOs in Indiana: Calumet joins short list of Indiana companies to go public this decade

There’s hope for Connersville after Visteon, experts say

Arts Council ready to play matchmaker

Advocacy firms finding business in confused patients: Health care complexities creating new industry

Indiana health provider says no to drug reps: Arnett joins others wary of industry marketing power

WellPoint banks on the popularity of HSAs: Insurer moves to start bank, offer medical financing

New NFIB boss knows politics: State chapter to devote more time to campaigns

WellPoint’s new CEO likely to encounter more obstacles than her predecessor

Sun Capital draining Marsh excess

Software firm finally making name for itself: Fusion quietly becomes giant in local tech industry

Crown Hill development showdown looming