CVS Caremark to stop selling tobacco products
The nation's second-largest drugstore chain said Wednesday that it will phase out cigarettes, cigars and chewing tobacco by Oct. 1, a move that will cost it about $2 billion in annual revenue.
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National Rifle Association convention debuts in Indy
Businesses are scrambling to decide how to cater to the massive confab.
ROSENTRAUB: Indiana State Fairgrounds destination hurts downtown Indianapolis
The recovery accelerated a disappointing pattern. Regional economic growth and activity are increasingly moving to the suburbs.
Finding uninsured means targeting key locations
The uninsured aren’t scattered evenly across the country: half of them live in just 116 of the nation’s 3,143 counties. Federal officials are focusing on 25 key metro areas, including Indianapolis.
IU Health, UnitedHealthcare reach end to contract dispute
The new 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.
City beat steep odds to land NRA convention
City tourism officials worked for years to bring second-largest convention ever to Indianapolis.
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.
Former Indiana regulatory attorney reprimanded
The Indiana Supreme Court has publicly reprimanded a former regulatory attorney for negotiating a job for himself with Duke Energy Corp. while presiding over a case involving a Duke project.
Verizon Wireless to sponsor eight of Montoya’s races
Roger Penske wasn't worried about finding a sponsor for Juan Pablo Montoya when he signed him, believing there would be interest in the Colombian's return to open-wheel racing.
Visit Indy to map city’s strategy for tourism
The $178,000 study will answer key questions about how the city can better connect its highlights, attract and please business and leisure travelers, and hook up with corporate partners.
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.
Generous employer benefits now hurt some workers
Ever since World War 2, when employers started using health benefits to compete for workers, the less employees had to pay toward health insurance premiums the more attractive the benefits. But under Obamacare, this axiom will not always be true.
LOPRESTI: Dear Dr. Naismith, ‘Center of sport’ might miss its own hoopla
Hoosier teams are on outside looking in as NCAA tournament approaches.
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.
Ex-Marcadia execs raise $1.7M to launch drug firm
Fritz French and Richard DiMarchi, the former leaders of Marcadia Biotech, have teamed up to launch the diabetes drug development firm Calibrium LLC.
Internet-based weather forecasters offer bolder, more detailed outlooks
A posse of Internet-based prognosticators is offering not just forecasts but sometimes even mounds of data left open to interpretation.
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.
MAURER: Hoosier bigotry has real-life consequences
Let’s elect legislators who recognize the damage that can be done by measures like HJR-3.
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.