Nationally, venture capital investments into life sciences firms totaled $4.9 billion during the first nine months of 2013, down 30 percent from the same period in 2008, according to data from Thomson Reuters and PricewaterhouseCoopers. In Indiana, life sciences firms raised $21 million during the first nine months of the year, far lower than any year since 2003.
Veterans of other memorable games welcome a new ‘one for the ages’ to their ranks.
The two restaurants are among four new offerings that have either recently opened or will be coming to the Mass Ave area this spring.
Sunday’s winter storm shut down most government offices in Hamilton and Boone counties, forcing a bevy of public meetings scheduled for Monday to be postponed.
Here’s a rundown of some of the restaurant and store closings due to heavy snow and frigid temperatures.
It’s a challenging time to be a hospital CEO, but when Jonathan Nalli takes the helm of St. Vincent Health, he’ll have about as strong a financial hand as anybody to play.
Encore Health Network, a network of health care providers owned by Community Health Network, Indiana University Health and Deaconess Health, has added St. Vincent Health to its fold. The Indianapolis-based network will offer discounted access to St. Vincent doctors and hospitals in the Anderson, Carmel, Fishers, Indianapolis and Kokomo markets. Insurance companies, third-party administrators and employers contract with Encore and its Encircle network products to obtain discounts on medical services.
Indiana University Health and UnitedHealthcare entered the new year without a contract. That would normally mean UnitedHealthcare’s customers would pay higher prices at IU Health’s hospitals and physician offices. But IU Health has decided to still give patients the same "in network" co-pays and deductibles that UnitedHealthcare had negotiated under the expiring contracts, keeping patients’ costs the same until a new deal is reached. IU Health said in a press release it would apply the "in network" discounts only to the patient portions of its bills, not to the portions paid by UnitedHealthcare. The Minnesota-based health insurer first notified its customers on Dec. 2 that its contracts with IU Health could expire at year end. Such contracts typically shave 30 percent or more off the list prices of a hospital system’s services. The contract dispute could affect the roughly 400,000 Hoosiers that have employer-based or individually purchased insurance with UnitedHealthcare. That represents about 12 percent of the Indiana commercial market, according to data from Tennessee-based market research firm HealthLeaders-InterStudy. IU Health operates 20 hospitals and employs nearly 1,500 physicians around Indiana.
The U.S. Supreme Court has temporarily blocked an Obamacare requirement that religiously affiliated employers provide health insurance that includes birth control. The decision gives temporarily relief to Catholic plaintiffs that said Obamacare’s requirement to provide contraception coverage violated their religious freedom. In a related case, Indiana-based Franciscan Alliance and other Catholic organizations won a temporary injunction from a federal judge in Indiana, to allow the Supreme Court challenge to play out before Franciscan would be required to provide contraception coverage to its workers via its health insurance plan. "We simply asked that the government not impose its values and policies on plaintiffs, in direct violation of our religious beliefs," said Kevin Leahy, CEO of Franciscan Alliance, which operates three hospitals in the Indianapolis area. The Affordable Care Act required all health insurers to cover contraception at no cost to its health plan members and required all employers with 50 or more workers to provide health insurance to their workers. Both provisions were set to take effect Jan. 1.
-Seabury Charter LLC bought 1.859 acres at 2295 N. Illinois St. The buyer was represented by R.J. Rudolph and Yumi Goodman of Colliers International. The seller, MMW Corp., was represented by Ross Reller of Colliers International.
-M&D Noblesville LLC bought 2.01 acres of retail land at 16080 Prosperity Drive, Noblesville. The buyer was represented by Tom Osborne of Colliers International. The seller, Marsh Supermarkets Inc., was represented by Jeff Merritt of Colliers International.
-C-K Real Estate Investments bought a third of an acre in the Bridgewater Corporate Park at 4661 Lisborn Drive, Carmel. The site will house a 4,000-square-foot office building for the Crossen Kooi law firm. The buyer was represented by Pat Chandler of ReMax at Keystone Crossing. The seller, John McKenzie, represented himself.
-Insight Consulting bought a 15,395-square-foot building at 7830 Johnson Road. The buyer was represented by Jacqueline Haynes of Cassidy Turley. The seller, QAI, was represented by Matt Langfeldt and Rich Forslund of Summit Realty Group.
Apartment specialist Edward Rose Properties Inc. is proposing an $80 million mixed-use project on mostly undeveloped land in Carmel’s Old Meridian District.
Carmel reporter Dan McFeely quit the layoff-prone Indianapolis Star in November to become a consultant to Carmel’s Department of Economic Development. Records show the deal could be lucrative for the 15-year Star veteran, with the potential to earn up to $99,000 a year.
Careers in science, technology, engineering and math—typically referred to as STEM fields—have surged in growth compared to other careers in Marion and Hamilton counties. But the rest of Indiana has barely budged from the early 2000s.
Insurance giant Geico is ahead of schedule when it comes to staffing its Carmel customer-service center, reaching the 400-employee mark in December.
A camera business that once had more than 30 locations in Ohio and Indiana is closing six of its remaining eight stores in the face of dropping sales and increased use of smartphone cameras.
Five years after the crash, the luster of hedge funds isn’t what it used to be.
A look at some of the runner-up top Indianapolis business stories from 2013.
The cash-strapped Carmel Redevelopment Commission is revising its 2014 budget to account for the loss of a six-figure income stream critics say it was not entitled to use in the first place.
-Capitol Construction has completed a 4,500-square-foot management office and fitness center at 11555 N. Meridian St., Carmel.
-Capitol Construction has completed a 2,400-square-foot build-out for Selective Insurance Group Legal at 11711 N. Meridian St., Carmel.
-Capitol Construction has completed a 14,500-square-foot office remodel for BKD at 201 N. Illinois St.
