Mainstreet plans 24 more Indiana senior care facilities
Carmel-based developer Mainstreet Property Group announced Friday that it will open seven more health care facilities for Hoosier seniors this year and another 17 on top of that by 2016.
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Carmel-based Mainstreet Property Group will open 24 more health care facilities for Hoosier seniors during this year and the next two years. Those facilities, in total, would create 3,000 permanent jobs for Hoosiers–if they’re allowed to be built. The Indiana General Assembly is mulling a five-year moratorium on the construction of skilled nursing facilities, which if passed would prevent Mainstreet from building any new facilities not already begun by June 30. That legislation, known as Senate Bill 173, has passed the Indiana Senate and now awaits a hearing in the Indiana House. Zeke Turner, CEO of Mainstreet, said that if Indiana enacts a construction moratorium, Mainstreet will simply build more facilities in other states. The company has existing facilities in eight states and is working to expand in six more. Mainstreet alarmed older nursing home companies by developing 10 new facilities in the past five years—and breaking an unwritten rule of the industry by building in competitors’ back yards. That prompted the Indiana Health Care Association and other long-term-care groups to call for a ban on new construction.
Purdue Research Foundation and Bloomington-based medical-device maker Cook Medical have created a $12 million fund intended to help life-science businesses with connections to Purdue University. The Foundry Investment Fund will try to work with other investors to provide funding for companies that use Purdue-licensed technology or Purdue’s expertise in human and animal health and plant sciences. It typically would provide a match to outside investors’ funds. Outside investors could include venture capital firms, corporations, angel funding groups, or qualified individuals.
Indiana University Health announced a deal with UnitedHealthcare on Feb. 6, ending a contract dispute that had pushed IU Health doctors and hospitals out of the health insurance company’s discounted network Jan. 1. The two-year agreement gives UnitedHealthcare discounted rates retroactive to Jan. 1. Such discounts, which insurers negotiate with hospital systems, reduce prices 30 percent or more. The dispute between Indianapolis-based IU Health and Minnesota-based UnitedHealthcare dates to 2012, when the sides could not agree on a new long-term contract. They instead extended their previous agreement by one year, to Dec. 31, 2013, but then could not come to terms before the end of the year.
Election battles brewing in GOP-heavy Hamilton County
Fishers’ upcoming city election is generating most of the buzz in the circles I navigate north of 96th Street, but voters throughout Hamilton County have decisions to make at the polls this year. What races are you paying the most attention to this year?
CNO sees higher profit, revenue in fourth quarter
The Carmel-based insurance company reported profit of $106 million, up from $101.2 million in the same quarter of 2012.
Hamilton County officials to state: Fix school funding
Elected officials throughout Hamilton County are putting aside their jurisdictional differences to ask state lawmakers for help with school-funding issues they say are jeopardizing the county’s public education—and possibly its economic development efforts.
Savings account rates in Indiana among lowest in nation
The study by GoBankingRates.com finds that the average return on savings at Indiana banks is 0.056 percent. However, the average for Indianapolis-area banks was considerably higher.
Bottleneck bedevils Indiana’s mighty wind turbines
Lack of transmission lines keeps green energy from flowing to the Midwest.
House panel takes corporate tax increase out of mass transit bill
If the House approves the bill as amended, it will set up a debate between the Republican-controlled chambers about who pays for expanded transit.
Gay-marriage ban off ballot at least until 2016
Opponents of an effort to place Indiana’s gay marriage ban in the state constitution won a surprising victory Thursday as the Senate effectively pushed off a statewide vote on the issue for at least two years, and possibly longer.
There’s more to the rural vs. Indy story
Richard Sullivan [Feb. 3 Viewpoint] offers the perspective that Indiana’s rural areas “stick it” to Indy when folks in rural areas don’t support urban issues. He links this long-running, alleged battle to the lack of rural support for the anti-gay amendment in the news today.
Zionsville sticks with big-box ban despite growth push
Even as retail development continues to proliferate just outside Zionsville’s borders, town officials say they remain committed to an 8-year-old zoning ordinance banning big-box stores.
Nursing home profits surge as owners seek moratorium
Nearly two-thirds of the state’s nursing homes are now participating in partnerships with county-owned hospitals that effectively double their profit margins.
Incoming OneAmerica chief has big goals for growth
As Scott Davison steps into the shoes of OneAmerica’s retiring CEO Dayton Molendorp, who led a massive expansion of the company in recent years, he’ll be challenged to keep growing pains at a minimum.
First family gives TLC to little-used Brown County cabin
The Pence administration has overseen the six-figure renovation of a Brown County cabin that one political observer calls Indiana’s Camp David.
Basiles’ $500,000 gift to Eiteljorg includes renaming shop
Local philanthropists Frank and Katrina Basile are the first major donors in a $5 million campaign for the Eiteljorg Museum of American Indians and Western Art.
Sen. Delph wants last-ditch edit to gay-marriage amendment
After an extended Twitter tirade over the weekend stemming from a Senate move stalling the amendment, Sen. Mike Delph on Monday pledged to use a procedural maneuver to resurrect deleted language.
Farm trespassing bill moves to full Indiana House
The bill would make trespassing on the production area of farm property a criminal offense and causing property damage to a farm an act of criminal mischief.
Fishers OKs train station project despite objections
Fishers has attracted more than $93 million in downtown projects since making redevelopment a priority in 2012. Is it too much too fast? Or a long time coming? The answer depends on who you ask.
Conservatives angry at GOP chiefs in marriage loss
Lawmakers amended the measure and delayed a referendum until at least 2016, despite calls from social and religious conservatives to hold the vote this year.