Risk-averse CNO caught up in hedge fund nightmare
A deal struck two years ago aimed at offloading the risks associated with a big block of long-term care insurance has come back to haunt the Carmel-based company in a big way.
Health Care & Life Sciences
Articles
New firm focuses on innovations, including ‘ear in a dish’
In a Q&A, Monon Bioventures CEO Joe Trebley talks about the goals and ambitions of his one-year-old firm.
Health coalition to push for big tax increase on cigarettes
A broad-based alliance of health and business groups warns that medical costs will keep soaring unless state leaders take steps to promote healthy living, including new restrictions and higher taxes on cigarettes.
Health advocates gain favor to help employees navigate health care complexities
Employers began hiring health advocates in earnest nationwide about four years ago, fueled by implementation of the Affordable Care Act and growing public awareness that provider rates and quality can differ greatly.
Indiana Hospital Association names its next president
Brian Tabor, currently an executive vice president at the organization, will take over as president next year.
Noblesville drug companies terminating 195 employees
Pharmakon Long Term Care Pharmacy Inc. and sister firm Pharmakon Pharmaceuticals Inc. plan to eliminate 195 employees at their headquarters by the end of the week, the owner of the companies said.
Dental, vision insurance company plans hiring binge
An Indianapolis health insurance company said it plans to add 82 customer-service positions and is holding a job fair Thursday to find candidates.
IU School of Dentistry moves ahead on $21M expansion
It’s the first significant addition in four decades to the 136-year-old institution, the only dental school in Indiana.
Feds seek letters allegedly showing disputes between Anthem, Cigna
Anthem Inc. and Cigna Corp. are refusing to provide letters between the two insurers that the U.S. government contends will show that they get along so poorly that they wouldn’t be able to effectively merge.
The Interview Issue: Dave Ricks
On Jan. 1, Dave Ricks becomes CEO of drugmaker Eli Lilly and Co. as it tries to launch new products after a tough stretch of patent expirations. To prepare, Ricks has spent a lot of time with outgoing CEO John Lechleiter “learning from the master.”
IU, Jackson Lab getting $25M to study Alzheimer’s Disease therapies
The National Institute on Aging is awarding $25 million to the Alzheimer's Disease Precision Models Center, a joint project of the Indiana University School of Medicine in Indianapolis and The Jackson Laboratory in Bar Harbor.
UPDATE: Anthem, Cigna accusing one another of merger breach, U.S. says
The Justice Department, which is trying to stop a $48 billion merger between insurance giants Anthem and Cigna, said in a court filing that the firms are accusing each other of breaching their agreement, creating a “state of hostility” between the companies.
Confluence Pharmaceuticals lands $1.3M in venture capital
Indianapolis-based Elevate Ventures said it made the investment through the 21st Century Research & Technology Fund, which is reserved for Indiana companies.
Doctor declares Pence in ‘excellent’ health
Indiana Gov. and vice-presidential candidate Mike Pence has had a number of minor procedures performed recently, but none that would keep him from performing at a high level, according to a physician.
Mainstreet Property affiliate plans $152M in acquisitions
The deals would swell the holdings of Mainstreet Health Investments, a publicly traded owner of senior care facilities, from 24 properties to 31. The purchases include four properties from Carmel-based Mainstreet Property Group for $92.8 million.
Telehealth clinic allows students to see physician in school
Elwood Community School Corp. is one of the first schools in Indiana to have a telehealth clinic. It teamed with Managed Health Services, Indiana Rural Health Association, Aspire Indiana and St. Vincent Mercy Hospital.
Indiana hospitals seeing fewer readmissions
A new government report shows that readmissions at Indiana hospitals dipped by 7.5 percent over a five-year period. Nationally, readmission rates fell by 8 percent over the same period.
Super-sized laundry co-op serves 55 hospitals, 700 clinics
Just two years after United Hospital Services pushed into Kokomo by merging with North Central Indiana Linen Service, the co-op is planning its next move—this time into northwest Indiana.
Indy employers to blitz 8th-graders with career choices at JobSpark
At the new event, more than 7,000 Marion County eighth-graders will get hands-on experience in eight job sectors, aided by some 3,000 volunteers from more than 100 companies.
Bayer signs deal to acquire Monsanto for $66 billion
Bayer AG has agreed to buy Monsanto Co. in a deal valued at $66 billion, winding up four months of talks to create the world’s biggest supplier of seeds and pesticides.