The Indiana Pacers’ playoff run and a decreased player payroll—along with $10 million from the city’s Capital Improvement Board—have brought the team closer to breaking even this year, but not out of the red, sports business experts say.
As St. Vincent Health has nearly doubled the number of physicians it employs over the past two years, the losses on those practices have mounted. And the same thing is happening at all the major Indianapolis hospital systems, as all have spent the past four years aggressively acquiring physician practices.
Curious, isn’t it, that Indiana Pacers forward Danny Granger plays the “we don’t get any national respect” card when he, in particular, and his team, in general, spent virtually all of this past National Basketball Association season not getting much in the way of local respect?
The merger of Kokomo’s Howard Regional Health System into Indianapolis-based Community Health Network received final approval Tuesday night.
CityWay has landed a fine dining restaurant, a mixology bar, a Qdoba and a frozen yogurt shop as developer Buckingham Cos. turns its attention to the retail portion of the $155 million mixed-use project.
Since its acquisition last year by Florida-based AssuredPartners Inc., the Indiana operations of Neace Lukens has been looking more aggressively to acquire smaller benefits brokers. In the past month, Neace Lukens has announced deals to buy Benefit Concepts, a six-person benefits consultancy in Indianapolis, and Matrix Benefits and Consulting Group, a one-person benefits shop in Fort Wayne. Eric Chelovitz, managing director of Neace Lukens’ 34-person Indianapolis office, said he expects more consolidation in the industry.
Indiana’s unemployment rate dropped to 7.9 percent in April, falling below 8 percent for the first time since November 2008. The rate has dropped for five straight months.
The Indianapolis Motor Speedway is selling advertising along the world-famous, 103-year-old race course for the first time ever, a break with tradition that promises to boost its financial firepower as racetracks nationwide are struggling.
Indianapolis Power & Light, others say money is at stake if tighter controls are enforced.
Honest-1 Auto Care hopes to open as many as 20 shops in Indiana over five to seven years and has tapped the founder of the Signature Inns chain to help lead the effort.
City Securities co-chairman still dispenses wisdom accumulated over a career touching on everything from baseball to folding doors.
Brent and Matthew Claymon have founded OnSite Space LLC and acquired Indianapolis-based Tyson Corp., to form OnSite Space by Tyson. The brothers sold Pac-Van in 2006 and have returned to the industry after their five-year non-compete expired.
A federal judge in Indianapolis refused to throw out wiretap evidence in the $200 million fraud trial of former Indiana businessman Tim Durham as the government outlined a case largely based on those recordings.
CIB and city tourism leaders say that the money was well spent considering the game could translate to $300 million in direct visitor spending over the next several years.
Dr. Philip Dulberger was named CEO of Indiana University Health Quality Partners, a statewide network of more than 2,000 doctors committed to providing clinically integrated care according to evidence-based standards of quality. Dulberger has been CEO of the IU Health Saxony hospital in Fishers since it opened late last year. He now will hand those duties to Jonathan Goble, CEO of the IU Health North hospital in Carmel. Dulberger holds a bachelor’s degree from Wabash College and did his medical training at the IU School of Medicine.
Hall Render Killian Heath & Lyman PC added Caryn Kaufman as an associate attorney in its Indianapolis office. Kaufman’s practice focuses on health information technology. She previously worked as an attorney for IBM. Kaufman earned a bachelor’s degree from Miami University and a law degree from The Ohio State University.
Indianapolis-based iSalus Healthcare, a maker of electronic medical record systems, named three new executives. Dr. Chuck Dietzen, founder of the not-for-profit Timmy Global Health, is now chief medical officer of the company. iSalus also hired Randy Kidd and John Brady, the co-founders of Stratice Healthcare, an Indianapolis-based company trying to develop systems to allow electronic prescribing for durable medical equipment. Kidd is now iSalus’ chief information officer; Brady is iSalus’ chief marketing officer.
Benefits firm FirstPerson has hired four new people. Tina Deitrick and Ryan Miller have joined the Indianapolis-based firm as account managers. FirstPerson also added Scott Barrett as an analyst and Mary Poole as a client relations coordinator.
Treatments for central nervous system diseases have a huge potential payoff, analysts say. A hint of whether the gamble may pay off is due in the second half of this year, as Eli Lilly and Co. and Pfizer Inc. announce results for Alzheimer’s drugs that attack the same protein as Roche’s experimental drug.
The $3.8 billion that Indiana netted in 2006 from leasing the Indiana Toll Road to a foreign consortium will be mostly spent or allocated by the time the state’s next governor takes office in January
The Indianapolis-based digital textbook company Courseload completed a new round of fundraising in April that its CEO says gives the company the cash it needs to keep landing new university customers in what has become a fast-growing but hyper-competitive field.
