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Articles
2011 Health Care Heroes
Now in its 11th year, IBJ's Health Care Heroes program recognizes deserving individuals and organizations in the health care industry.
2011 Health Care Heroes: Quality Health First Program
FINALIST: Community Achievement in Health Care
2011 Health Care Heroes: Indianapolis Coalition for Patient Safety
FINALIST: Community Achievement in Health Care
Community wins sweepstakes for Johnson partnership
Community Health Network won a three-way race for a close partnership with Johnson Memorial Hospital, besting Franciscan St. Francis and Indiana University Health.
Leases/leasing contracts
-Cherryman Industries leased 135,000 square feet of industrial space at 6887 W. County Road 350 North, Greenfield. The tenant was represented by Stan Elser of Lee & Associates. The landlord, KTR Indiana LLC, represented itself.
-Adayana Inc. leased 28,442 square feet of office space at 3500 DePauw Blvd. The tenant was represented by Drew Augustin and Bryan Augustin of Alliance Commercial Real Estate. The landlord, CP Pyramids Associates LP, was represented by Dave Moore, Darrin Boyd and Bennett Williams of Cassidy Turley.
-Nancy's Bridal renewed its lease for 5,010 square feet of retail space at Clearwater Shoppes, 3800-3900 E. 82nd St. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.
-Envoy leased 3,751 square feet of office space at 6330 E. 75th St. The tenant was represented by Scott H. Lindenberg of Echelon Realty Advisors. The landlord, Metrocenter Office Park LLC, was represented by John Vandenbark of CB Richard Ellis.
-St. Vincent’s Physician Network LLC leased 3,300 square feet at 475 E. Northfield Drive, Brownsburg. The tenant was represented by Bruce Gordon of Duke Realty. The landlord, Executed Corners LLC, was represented by Jacque Haynes of Cassidy Turley.
-Cut Rite Lawn Care LLC renewed its lease of 2,647 square feet at 23rd Street Industrial, 4933 E 23rd St. The landlord, Garfield LLC, was represented by David Ciechanowicz of Colliers International. The tenant represented itself.-Security Title Services LLC leased 2,309 square feet of office space at 9225 Priority Way, West Drive. The tenant was represented by Darrell Pike of Pike Real Estate Services. The landlord, Second Step Asset Management Co., was represented by Dave Moore and Darrin Boyd of Cassidy Turley.
-Indiana Lobby Registration Commission leased 1,846 square feet of office space at 10 W. Market St. The tenant was represented by Sam Smith of Colliers International. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Andy Martin of Cassidy Turley.
-Lux Nail Supply leased 1,600 square feet at Castleton Point, 5305-5469 E. 82nd St. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent. The tenant represented itself.
-La Paix leased 1,600 square feet at Fashion Mall Commons, 8487 Union Chapel Road. The tenant was represented by Rick Hurwitz of Hurwitz Co. The landlord, The Broadbent Co., was represented by John Beuoy of Broadbent.
-USAuto Insurance Co. leased 1,600 square feet of retail space at Lynhurst Shoppes, 2910 S. Lynhurst Ave. The tenant and landlord, Haven Building Materials Inc., were represented by Cindy Hoskinson and Herb Feldmann of Lee & Associates.
-Weight Watchers leased 1,546 square feet at Plainfield Village, 160 Plainfield Village Drive, Plainfield. The tenant was represented by Robyn Smart of CB Richard Ellis. The landlord, The Broadbent Co., was represented by Jeff Roberts of Broadbent.
Franciscan’s electronic records rollout shows industry growth
Franciscan Alliance will spend more than $100 million over the next two years to install a common electronic medical record system at its 13 hospitals and more than 165 physician practices. It’s a sign of the growth of the health information technology industry in Indiana, which a new BioCrossroads report says generates $200 million a year in sales and is growing at 8 percent annually.
Universities, refugees fuel Indiana’s Asian growth
That growth has been concentrated in five counties that account for nearly 60 percent of the state's Asian population. Those counties are Allen, Hamilton, Marion, Monroe and Tippecanoe
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.
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.
Company news
Indiana University has created the Indiana Institute for Personalized Medicine, with $11.25 million in funding from its School of Medicine, its IUPUI campus, the Indiana Physician Scientist Initiative and the Melvin and Bren Simon Cancer Center. The newly created institute will conduct research and work to develop tools that help health care providers select the best medicines for patients based on their genetic traits. “Much of the future of health care is in personalized medicine, meaning more precise targeting of the right medication to the right patient at the right time,” said Dr. David Flockhart, an IU professor of cancer epidemiology and genetics who has been named director of the institute.
Eli Lilly and Co. and the Juvenile Diabetes Research Foundation have agreed to to spend $1.4 million over three years to fund the research at University of Geneva that could help patients with type 1 diabetes to regenerate insulin-producing cells destroyed by the disease. Previous research by Geneva’s Pedro Herrera showed the possibility of converting pancreas cells that do not produce insulin into insulin-producing cells—and to do so without genetic manipulation. Researchers at Indianapolis-based Lilly will now collaborate with Herrera to find potential targets in the pancreas that when exposed to a drug would induce this cell conversion. Lilly hopes to be able to then develop drugs that could treat type 1 diabetes and, perhaps, eliminate the need for insulin therapy.
Endocyte Inc. went public on Friday, selling 12.5 million shares at $6 apiece. The price has since risen to about $7.30. The West Lafayette-based drug-development company twice cut the price of its offering last week. It had intended to sell about 5.4 million shares for a range of $13 to $15 apiece. The underwriters of Endocyte’s IPO have an option to buy an additional 1.8 million shares, which could bring Endocyte’s total sale to $86 million. Including the underwriters' options, the company could see proceeds of up to $86.3 million. The company, which has no sales to date, intends to use all the money from the sale to advance development on its experimental drugs. Its lead product candidate, EC145, is a potential cancer treatment. The company hopes to move it into late-stage development as a potential ovarian cancer treatment. Endocyte is trading under the "ECYT" symbol on Nasdaq.
Indianapolis-based Medical Animatics sold some of its assets to Indianapolis-based Harrison College. The deal included three master-level designers, animation equipment and portions of Medical Animatics’ illustration libraries. Harrison, formerly known as the Indiana Business College, intends to use the assets to develop content for its online, on-ground and blended courses. Medical Animatics, which had made instructional courses for health care clients, had helped Harrison design an online medical assisting program, which launched in January. Harrison did not purchase the full agency or its name, and will not assume any of the company’s liabilities. Medical Animatics founder Harlon Wilson said the company is looking to take its work into new markets.
Bioanalytical Systems Inc. swung to a profit in its most recent quarter. The West Lafayette-based provider of pharmaceutical testing equipment and services earned $310,000, or 6 cents per share, in the three months ended Dec. 31. In the same quarter a year ago, the company lost $1.5 million, or 30 cents per share. Revenue for the most recent quarter totaled $8.1 million, a 27-percent increase from a year ago, as pharmaceutical companies renewed their research and development spending. Bioanalytical also trimmed $265,000 in expenses in the past year.
Indianapolis-based Dow AgroSciences boosted its fourth-quarter revenue by 19 percent to $1.3 billion, compared with the same quarter a year ago. Quarterly earnings before interest, taxes, depreciation and amortization also edged up from $69 million to $72 million. Dow Agro’s overhead expenses increased 3 percent during the quarter because of new product launches and commercial activities related to recent seed acquisitions. It also spent 14 percent more on research and development. Dow Agro is a unit of Midland, Mich.-based Dow Chemical Co.
Leases/leasing contracts
-Performance Bicycle Shop leased 11,500 square feet at Greenwood Shopping Center, U.S. 31 and County Line Road, Greenwood. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, Kimco North Trust, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Health Systems International renewed its lease for 7,979 square feet at Castle Creek VI. The tenant was represented by Mark McDermott of CB Richard Ellis. The landlord, Friedman Real Estate Group as receiver, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-CVS Pharmacy leased 6,787 square feet at 175 N. Illinois St.. The tenant was represented by Ron Foster of Echelon Realty Advisors. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Allison Tiefel of Cassidy Turley.
-C-2 Supply leased 6,000 square feet of space at Circle City Industrial Complex, 1125 Brookside Ave. The landlord, National Bank of Indianapolis, was represented by Conrad Jacobs and Ralph Balber of Newmark Knight Frank Halakar. The tenant represented itself.
-St. Vincent Hospital Physician Network renewed its lease for 5,702 square feet at 11530 Allisonville Road. The tenant was represented by Bruce Gordon of Duke Realty. The landlord, Bendrew Development LLC, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-J. Allan Hall & Associates leased 5,250 square feet of office space at Circle Tower, 55 Monument Circle. The landlord, FT Circle Tower LLC, was represented by Bennett Williams and Pete Anderson of Cassidy Turley. The tenant represented self.
-ETI leased 3,963 square feet of office space at 8500 Keystone Crossing. The tenant was represented by Brooke Augustin and Drew Augustin of Alliance Commercial Real Estate. The landlord, PWA Keystone Crossing, LP, was represented by Andrew Martin, Bennett Williams and Michael Semler of Cassidy Turley.
-The Travel Agent Inc. leased 3,439 square feet at Lakeside Corporate Center, 630 West Carmel Drive, Carmel. The tenant was represented by Thomas M. Osborne and Matt Moore of Colliers International. The landlord, ATAPCO Carmel Inc., was represented by John Vandenbark of CB Richard Ellis.
-Indiana Farm Bureau Insurance leased 3,200 square feet at Avon Commons, 10427 E. U.S. Highway 36, Avon. The tenant was represented by Larry Harshman of Harshman Property Services LLC. The landlord, Aviana Co. 3 LLC, was represented by Larry Davis and Tom English of Sitehawk Retail Real Estate.
-Meridian Radiology leased 3,123 square feet at Meridian Professional Building, 3266 N. Meridian St. The tenant was represented by Mike Cole and Steve Wolkoff of Dury Investment Group. The landlord, PBB III LLC, was represented by Brad King and Ron Bell of Colliers International.
-Aqua Indiana leased 2,720 square feet at Castle Creek V. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Friedman Real Estate Group as receiver, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
-Indiana Bond Bank leased 2,445 square feet at 10 W. Market St. The tenant was represented by John Crisp of Cassidy Turley. The landlord, MT Acquisitions LLC, was represented by Dave Moore, Darrin Boyd and Andy Martin of Cassidy Turley.
Panel OKs criminal checks on medical workers
Physicians, dentists, nurses, veterinarians, pharmacists and other medical workers would have to pay for a national criminal background check when applying for a state license under a bill pending with the Indiana Senate.
People
Katz, Sapper & Miller LLP hired Colin Gulledge as a director in its health care resources group, helping hospitals and health systems improve reimbursement, compliance and coding practices. Gulledge has a bachelor’s degree in public health administration from Indiana University and an MBA from Butler University.
Dr. Smriti Banthia has joined Franciscan St. Francis Medical Group Indiana Heart Physicians after completing a fellowship at Northwestern University. She holds a medical degree from the Indiana University School of Medicine and an undergraduate degree in electrical engineering from the Massachusetts Institute of Technology.
Pierceton-based Paragon Medical has hired Michael Gosmeyer as chief compliance officer. Gosmeyer joins Paragon after serving as director of regulatory affairs at Batesville-based Hill-Rom Holdings Inc., a maker of hospital equipment.Robin Bellinger has joined Riley Children’s Foundation as chief development officer. Bellinger spent the past eight years at Purdue University, where she served as associate vice president of advancement, a senior director of development and interim vice president of advancement.
The Indiana Health Information Exchange named Harold Apple its new president and CEO, replacing Dr. Marc Overhage. Overhage will stay on as chief strategic officer and national policy adviser. Apple, 65, founded Indianapolis-based software firm Vector Technologies Inc., which he sold to a U.S. subsidiary of India-based Mastek in July 2007.