Developer settles suit with Hudson condo residents
The complaint alleged that Hudson residents in 2011 began noticing cracks in the first-floor walls and ceiling of the downtown condominium, in addition to noticing a slope in the floor.
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Downtown Arvey store reopens under new ownership
Arvey Paper & Office Products at 1021 N. Pennsylvania St. began serving customers again in December after closing for six months. A former executive of Arvey’s previous parent company bought the name and has reopened five stores nationwide.
Group aims to create nation’s largest rugby complex
A long-vacant drive-in theater just east of Fountain Square soon could be home to the nation’s largest rugby facility. The Indiana Youth Rugby Foundation has raised $1.2 million for the ambitious project and is seeking another $500,000 to break ground this spring.
Vectren digs in to fight gas plant
A synthetic natural gas plant proposed downstate need only tweak its contract with would-be gas purchaser Indiana Finance Authority to comply with an October court ruling and to proceed with the project, Indiana Gasification said in a recent filing with the Indiana Court of Appeals. But opponents of the plant, led by Evansville-based gas and electric utility Vectren, immediately objected.
Benner was ‘uplifting’
Thanks so very much for pointing out the many triumphs and great moments Indianapolis and Indiana had in 2012 [Dec. 31 Benner column].
BENNER: The sports year 2013 has a hard act to follow
In sports, as soon as you think you have the answers, new questions arise. The test never stops. Then again, I’m sure you business types will say, “Hey, it’s like that where we reside, too.”
Tobias Insurance agency merges with Florida firm
Tobias Insurance, the Indianapolis area’s eighth-largest independent insurance brokerage, is now part of Florida-based AssuredPartners. Tobias will retain its name, employees and leadership.
City’s tourism agency reports strong 2012
Indianapolis’ hosting of the Super Bowl last February seems to be paying off for Visit Indy, which says the exposure the city received from the game is translating into more visitor interest.
WellPoint draws criticism for California rate increase
WellPoint Inc.’s plan to raise the rates for small employers in California was criticized as unreasonable by the state insurance commissioner, who said customers are being charged this year to cover U.S. health-law fees that won’t begin until 2014.
Super Bowl guru now looking to score Olympic gold for Indy
The Indiana Sports Corp. is making a bold bid to host the 2016 U.S. Olympic Swimming Trials inside the cavernous Lucas Oil Stadium. And that's just the beginning of the ambitious plans the organization's new CEO is drawing up.
Lawmakers plans to renew bill against same-sex marriage
A proposal to write Indiana's same-sex marriage ban into the state constitution may be on hold as Republican leaders ponder its fate this year, but the House and Senate sponsors are charging ahead anyway.
Car-rental companies say higher tax will hurt locals, too
Indianapolis is poised to raise its tax on car rentals, drawing the ire of the auto-rental industry. Though local politicians routinely say such taxes hurt only visitors, more than half of car rentals are actually local, industry figures show.
City set to hike entertainment, visitor taxes
Indianapolis City-County Council leaders have agreed to increase visitor and entertainment taxes to avoid what one councilor called a drastic reduction in services.
Lawmakers eye workforce development in new session
Indiana's General Assembly jumped to a quick start Monday with promises from Republican leaders to focus on workforce development and a request from Democrats to place a moratorium on divisive social issues for the next two years.
Fiscal cliff deal threatens Indiana co-op health plan
Last week’s fiscal cliff bargain in Congress dealt a potentially fatal blow to a new health insurance plan, called Remedy Indiana, that was set to launch this year.
People
Dr. Larry Micon, a general surgeon, has joined St. Vincent Medical Center Northeast in Fishers. He holds a bachelor’s degree in biology from Indiana University in Bloomington and completed his medical degree at Indiana University School of Medicine in Indianapolis. Prior to joining St. Vincent, Micon served as director of surgical education at IU Health Methodist Hospital.
Community Physician Network has hired Dr. Josephine Bongiovanni, an internal medicine physician. She earned her medical degree at the University of Bologna Medical School in Italy. Her office is in Noblesville.
Dr. Thomas Howard, a specialist in liver, pancreas and gallbladder diseases, has joined Community Physician Network in Indianapolis. He earned his medical degree at the University of Oklahoma. He has been a professor at the Indiana University School of Medicine and a physician at the IU Melvin and Bren Simon Cancer Center.
Community Physician Network has Dr. Carl Pafford, a family medicine physician, in Fishers. He received his bachelor’s degree at Purdue University and completed his medical education at Indiana University School of Medicine. Pafford previously practiced family and emergency medicine in Tipton.
Dr. Matthew Rendel, a neurosurgeon, has joined Community Physician Network. He holds a medical degree from the Indiana University School of Medicine. Rendel provides care at Community Hospital South and Johnson Memorial Hospital in Franklin.
Community Physician Network has added Dr. Xian-Feng Zhu, an internal medicine physician, in Indianapolis. He completed his medical degree at Zhejiang Medical University in China. Before coming to Community, he practiced for seven years as a general internist in Marshalltown, Iowa.
Company news
Indianapolis-based Eli Lilly and Co. and Germany-based Boehringer Ingelheim GmbH got good news from their Phase 3 trial of a new drug for patients with Type 2 diabetes, and said they plan to file for its market approval later this year. The drug, called empagliflozin, lowered diabetics’ levels of hemoglobin—a measure of blood sugar—more than a placebo. How the new drug will compare against similar drugs, called sodium glucose co-transporter-2 inhibitors, remains unclear. Lilly competitors Johnson & Johnson, Bristol-Myers Squibb Co. and AstraZeneca plc are racing to bring the new class of drugs to market. But Lilly and Boehringer officials said they are pleased enough with the results to file for a launch this year, according to a statement released Monday by Lilly. "We are pleased with the results for these Phase III clinical trials for empagliflozin," Enrique Conterno, president of Lilly's diabetes division, said in a prepared statement. "Diabetes is growing at a tremendous rate across the world. Patients and their physicians need more treatment options in order to help improve their blood sugar levels and reach their treatment goals." Also, Lilly and Boehringer Ingelheim announced that Lilly will re-assume exclusive development rights to a once-a-day insulin it calls LY2605541. That drug, as well as empagliflozin, were part of a co-development agreement Lilly and Boehringer signed in January 2011. Lilly unveiled a better-than-expected 2013 earnings forecast Friday, which sent its stock up by nearly 4 percent that day. The drugmaker forecast 2013 adjusted earnings of between $3.75 and $3.90 per share. Wall Street analysts were expecting 2013 earnings of $3.73 per share, according to a survey by FactSet.
The physician arm of Indianapolis-based hospital system Community Health Network took over cardiovascular services at Community Westview Hospital, displacing The Care Group LLC, on Jan. 1. Community Physician Network will now provide all specialty heart care at the 67-bed hospital at West 38th Street and North Guion Road. Community Health Network absorbed Westview in June 2011, securing a presence on the west side of Indianapolis to accompany its existing hospitals on the southern, eastern and northern sides of the metro area. The Care Group, one of the city’s largest physician practices, was acquired by Indianapolis-based hospital system St. Vincent Health in 2010. Community and St. Vincent are now working together to sign contracts with employers and health insurers in what they call an affordable care consortium.
A building on the northwest side of Indianapolis is the target of a foreclosure claiming that owner Women’s Physician Group LLP has defaulted on a $9 million loan. The lawsuit, filed Dec. 13 by U.S. Bank, claims that the physicians' group received the loan in April 2007 and stopped payment in August 2012, owing $8.7 million in principal. Including penalties and fees, though, U.S. Bank is seeking nearly $10.5 million, according to the suit. The 33,617-square-foot building at 8081 Township Line Road is completely occupied, according to the website of Cornerstone Companies Inc., the building’s broker. A representative of the physician group could not be reached for comment.
Big drug deals expected to return in 2013
Pharmaceutical companies including Pfizer Inc., Bristol-Myers Squibb Co. and Eli Lilly and Co. could be ready to start making major acquisitions again.