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.
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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.
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.
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.
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.
Bottleneck bedevils Indiana’s mighty wind turbines
Lack of transmission lines keeps green energy from flowing to the Midwest.
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.
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.
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.
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?
Company news
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.
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.
MORRIS: Strong work ethic is key to finding a job
You can usually tell from a candidate’s past how dedicated they’ll be as an employee.
Experts see limits to state’s low-tax strategy
Thanks to a concerted effort to lower taxes and government spending, Indiana ousted Texas this year in the Tax Foundation’s annual ranking of business tax climates. Indiana now holds the No. 10 spot and could rise higher by eliminating the business personal property tax, an equipment tax that experts say deters investment.
Roundup: Tex-Mex and ice cream in Zionsville, plus pastry shops come and go
The owner of the popular Noah Grant’s Grill House & Oyster Bar in Zionsville is targeting an April opening for a second restaurant flanking the town’s brick Main Street. Plus: the latest retail roundup.
Statehouse update: Teacher evaluations, Christmas, meth disclosure, more
Indiana lawmakers made decisions on a number of bills Monday at the Statehouse, including legislation involving hunting and fishing, home health care, cardiac arrest and more.
Champps restaurants likely to survive parent’s bankruptcy
The bankruptcy of a Kansas restaurant company has cast uncertainty over the future of its five Indianapolis-area restaurants—three Chammps Americanas and two Fox and Hounds.