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Twilight fund fades away: Meanwhile, six BioCrossroads-backed VCs are just getting started

May 9, 2005

Its specialty is developing local life sciences startups. But its partners can’t raise any more money. So the sun is setting on Twilight Venture Partners. Meanwhile, the six venture capital firms BioCrossroads staked with its $73 million Indiana Future Fund have just three local investments to show among them. Venture investments take time, the six IFF recipients argue. And their first duty is to earn the high rate of return the IFF’s organizers demand. That means significant proof of concept…

Competition stakes claim on hospital’s turf: Dialysis center would sit 1 block south of Methodist

May 23, 2005

A real estate company has filed plans to build a medical office building and dialysis center downtown, in the shadow of Methodist Hospital and Clarian Health Partners. A and T Realty wants to plop a 13,416-square-foot office on what now is a parking lot a block south of Methodist, according to plans filed with the city. The development has no connection to Clarian, according to Mike Quinn, a lawyer representing A and T. Clarian, whose three downtown hospitals all offer…

Vote sets up big switch for Standard: Company awaits insurance department’s approval of sale

May 23, 2005

With two key shareholder votes in his favor, Standard Management Corp. Chairman and CEO Ron Hunter made major strides last week in remaking the Indianapolis holding company. Common-stock shareholders overwhelmingly approved the sale of Standard Life Insurance Co. and Dixie National Life Insurance Co. to Louisville-based Capital Assurance Corp. May 18. Later that day, the company announced most of the holders of its trust-preferred securities agreed to a plan that preserves more than $20 million in cash for Standard in…

ECONOMIC ANALYSIS: With growth at both ends, job spectrum requires skill

May 30, 2005

When you study economic statistics for a living, it’s easy to lose perspective on a lot of things. Take the labor market, for instance. In any given month, millions of American workers are hired and fired, promoted, demoted and transferred. Some drop out of the labor force to raise children or to go to school, while others retire altogether or begin new careers. When the smoke clears after all those changes, the statisticians in Indiana and in Washington tally it…

Tech fund set for overhaul: State shifts focus to commercial results; founders fear changes to peer-review process

May 30, 2005

Indiana’s showcase program for new technology development is about to be redesigned. Version 2.0 of the 21st Century Research and Technology Fund will direct more money to entrepreneurs. It will concentrate on projects whose commercial prospects are clear. And as it distributes $75 million of taxpayers’ money over the next two years, it will expect a return on its investments. “The goal is, if a company does well, to get a return for the state,” said Michael S. Maurer, president…

New providers fill up the market for air-rescue services: Indiana sees growth spurt in helicopter transport firms

June 6, 2005

Medical helicopters are filling the skies over Indiana in an unprecedented growth spurt that has sparked a heated debate about overuse and quality of care. A market once dominated by not-forprofit Clarian Health Partners’ LifeLine program has seen three out-of-state companies plant seven new helicopter bases in central and southern Indiana over the past few years. PHI Air Medical Group Indiana, a subsidiary of Phoenix-based PHI Air Medical Services, opened bases in West Lafayette, Anderson and Columbus last year. They…

Dads let these moms soar: Some couples find it makes more sense for the father to be in the stay-at-home parent role

June 13, 2005

Sometimes they do it for economic reasons. Or perhaps they don’t want their children to be raised by baby sitters. Whatever the case, some couples find it makes more sense for the dad to be a stay-at-home parent. And sometimes-as with the couples in this story-that decision has helped enable the moms’ careers to soar. Debra Minott, director of the Indiana Personnel Department, was working for Eli Lilly and Co. in San Diego when she had her second child in…

Debate over health care development takes legal twist: Three county-imposed construction moratoriums face federal lawsuits

June 20, 2005

Hospitals and developers recently filed lawsuits in U.S. District Court against three counties that enacted moratoriums to slow health care construction in their territory. The Sisters of St. Francis Health Services Inc. sued Morgan County in April, and some Kentucky-based companies filed complaints against Clark and Floyd counties June 13. County officials say they need to make sure their county-owned hospitals remain viable in the face of more development. They also argue that providers want to enter their turf and…

Cancer society scouts Clarian property for development: Former retirement home may serve as a Hope Lodge

June 27, 2005

An empty retirement home near Methodist Hospital may turn into a lodge that gives cancer patients a place to rest while they receive treatment in Indianapolis. The American Cancer Society is talking with Clarian Health Partners about planting a Hope Lodge on the site of the former Indianapolis Retirement Home, which sits across from Methodist on busy North Capitol Avenue. The cancer society operates 23 of these lodges in several states, but this would be the first Indiana location, according…

Taking the pulse of life sciences: Experts weigh in on whether Indiana is keeping up in the economic development race

June 27, 2005

IBJ: Is Indiana gaining ground against other states in the race to grow as a life sciences hub? What are some specific benchmarks that underscore your opinion? JOHNSON: Indiana is gaining ground, but Indiana already starts on really very substantial ground. There are a lot of outside validations of that and I think it’s important for this audience to hear a couple of them because there is nothing like having people on the outside pay attention to what we’re doing…

Clinic predicts Hamilton County will be fertile ground: Doctors relocate reproductive practice to growing area

June 27, 2005

Surgery centers and a heart hospital are among a host of health care facilities that have risen in burgeoning north-suburban Hamilton County in recent years. Now, a new fertility clinic could contribute to the population surge by helping couples conceive children. The 6,400-square-foot Follas Center for Reproductive Medicine opened late last month on East 146th Street in Noblesville in a collaboration between several Indianapolis reproductive medicine innovators. The center is a partnership between Dr. David McLaughlin, a local pioneer of…

Diversity marketing gains steam in central Indiana: Ad agencies helping convey cultural revelancy

July 11, 2005

Ethnic or diversity marketing, once confined to major cities such as Dallas, New York and Los Angeles, is taking hold in Indianapolis. “We have seen a gradual but growing response among clients to communicate to a multicultural audience,” said Clyde Bodkin, president of locally based Bodkin Associates Inc. “Not everyone is in the same place, but smart companies are finding culturally sensitive, culturally relevant ways to communicate to their target markets.” Diversity marketing is the fastest-growing sector of Bodkin’s 14-person…

Major Hospital brings physician practices into the fold: Smaller doctor groups find health systems attractive

July 11, 2005

Major Hospital went on a buying spree toward the end of last year, and it had nothing to do with the holiday season. The Shelbyville hospital purchased three physician practices as part of an effort to help doctors and to make Major a “physician-friendly hospital,” Major Hospital CEO Tony Lennen said. “I’ve always felt if our physicians do well, we’ll do well,” he said. “Our goal down here is, ‘Is there some symbiotic way we can coexist?’ “We’ve always been…

Degree combines medicine, business: IU grads put in 5 years to earn combo MD/MBA

July 11, 2005

Tell people you have your MD and they’ll likely be impressed. Tell them you also have an MBA-well, now you’re just showing off. For four recent Indiana University graduates, however, impressing others had nothing to do with their decision to pursue simultaneous medical and business degrees. It’s all about making their way in the increasingly complicated field of health care, where being a good doctor is about more than having the highest grades in medical school. The four students received…

Employers promoting fitness: To battle steep insurance costs, businesses help employees get healthier

July 11, 2005

Wearing a pedometer, Kelly Dircksen treads 2,000 or so steps a day at the office, racking up her highest counts in her treks to the photocopier. Her 2-1/2-mile daily goal entails after-work walks, as well. The 34-year-old quoting specialist said her company pays 50 percent of any fitness-related costs for her and her family, including a Weight Watchers program, running shoes for her kids, and the entry fee for her son’s marathon. “I’m definitely healthier,” said Dircksen, who celebrates incremental…

Education programs provide job opportunities: Career Connections aims to curb turnover at entry level

July 11, 2005

When Luvinia Hollis moved to Indianapolis from Kentucky about five years ago, the then-42-year-old had few skills, so landing a job was difficult. She lived with her sisters and got some help from her ex-husband, but trying to make ends meet on $100 a week was nearly impossible. “It was so horrible for me, you wouldn’t believe,” Hollis said. She worked odd jobs for the next few years, making barely more than minimum wage. Eventually, she found her way to…

Baby doctors ready to bolt: Clarian North’s new north-side med center to lure business from St. Vincent, Community

August 1, 2005

Storm clouds are gathering to the north as St. Vincent Health applies the last coat of polish to its $19 million Women’s Hospital renovation. The Indianapolis hospital will lose an obstetrician-gynecology group that delivers as many as 1,440 babies a year shortly after it completes its expansion in September. The 10 doctors of Women’s Health Alliance plan to move offices and shift 80 percent of their practice to a new competitor, Clarian North Medical Center, a $285 million project scheduled…

BEHIND THE NEWS Marsh shares stage rally, despite firm’s challenges:

August 1, 2005

Marsh Supermarkets Inc. might be a great place to shop, but it’s been a long time since the embattled Indianapolis grocer has been a great place for investors to park their money. That’s why the recent runup of Marsh shares is raising eyebrows in the investment community. Both the company’s Class A and Class B shares are up more than 25 percent since early June, and better than 20 percent for the year. What’s driving the increase? In part, probably…

Smaller-sized meetings bring in big bucks for city: Hospitality group sees value in events of all scales

August 1, 2005

Even event planners hire event planners. When Cynthia Howell needed to plan an event in the city for a state health care organization, she called Betsy Ward, a member of the meetings team at the Indianapolis Convention and Visitors Association. With what Howell calls minimal effort on her part, the Indiana Primary Health Care Association Inc. will stay in 50 rooms for two nights at the Sheraton Indianapolis Hotel and Suites at Keystone at the Crossing this fall. The group…

Industry groups spar over audit proposal: Using parts of Sarbanes-Oxley Act to toughen financial reporting would be costly, unnecessary, NAMIC says

August 8, 2005

Insurance groups are choosing sides in a brewing battle over whether private insurance companies should be forced to adopt elements of the controversial Sarbanes-Oxley Act. The Kansas City-based National Association of Insurance Commissioners has proposed adding parts of the 2002 federal legislation to its audit rules. Public companies are already required to follow the Sarbanes-Oxley Act, which imposes stricter financial disclosure rules. The NAIC represents insurance regulators from all 50 states and is working jointly on the amendment with the…

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People

Rachel Johnson

Articles

Twilight fund fades away: Meanwhile, six BioCrossroads-backed VCs are just getting started

Competition stakes claim on hospital’s turf: Dialysis center would sit 1 block south of Methodist

Vote sets up big switch for Standard: Company awaits insurance department’s approval of sale

ECONOMIC ANALYSIS: With growth at both ends, job spectrum requires skill

Tech fund set for overhaul: State shifts focus to commercial results; founders fear changes to peer-review process

New providers fill up the market for air-rescue services: Indiana sees growth spurt in helicopter transport firms

Dads let these moms soar: Some couples find it makes more sense for the father to be in the stay-at-home parent role

Debate over health care development takes legal twist: Three county-imposed construction moratoriums face federal lawsuits

Cancer society scouts Clarian property for development: Former retirement home may serve as a Hope Lodge

Taking the pulse of life sciences: Experts weigh in on whether Indiana is keeping up in the economic development race

Clinic predicts Hamilton County will be fertile ground: Doctors relocate reproductive practice to growing area

Diversity marketing gains steam in central Indiana: Ad agencies helping convey cultural revelancy

Major Hospital brings physician practices into the fold: Smaller doctor groups find health systems attractive

Degree combines medicine, business: IU grads put in 5 years to earn combo MD/MBA

Employers promoting fitness: To battle steep insurance costs, businesses help employees get healthier

Education programs provide job opportunities: Career Connections aims to curb turnover at entry level

Baby doctors ready to bolt: Clarian North’s new north-side med center to lure business from St. Vincent, Community

BEHIND THE NEWS Marsh shares stage rally, despite firm’s challenges:

Smaller-sized meetings bring in big bucks for city: Hospitality group sees value in events of all scales

Industry groups spar over audit proposal: Using parts of Sarbanes-Oxley Act to toughen financial reporting would be costly, unnecessary, NAMIC says