Doctors, store owners say they approve of Indiana cannabis oil law
Doctors said CBD has therapeutic benefits with little to no THC, the compound causing the high usually associated with marijuana use.
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Hendricks Regional, Hall Render face $50M lawsuit over failed deal
A lawsuit against Hendricks Regional Health and the Indianapolis law firm alleges they used “malicious, oppressive, willful, wanton, and/or reckless conduct” in conspiring to squelch a competitor’s deal to operate 23 Indiana care facilities after Hendricks’ contract was terminated.
Neighbors of proposed Carmel hospital gear up to fight project
More than 100 people gathered Tuesday to plan how to oppose the project, which calls for nine buildings, two helipads and four parking garages.
Former Lilly CFO Rice to lead CVS Caremark, report says
Derica Rice, 53, one of the nation’s most powerful black executives, retired from Indianapolis-based drugmaker Eli Lilly and Co. in December, after the company passed him over when naming a new CEO.
Former exec sues Mainstreet, says developer failed to pay him $630,989
Ned Rule, former managing director of investments, claims the Carmel-based developer terminated him without cause to save money during a financial downturn, violating his employment contract.
Lilly revives proposals that would lower takeover barriers
The company’s board is asking shareholders to support two corporate-governance proposals, including one that would eliminate a requirement that buyout bids garner at least 80 percent shareholder approval.
House rejects GOP bill easing use of unproven drugs
The House rejected legislation Tuesday that would ease how experimental drugs are provided to people with terminal illnesses.
Ricks makes $14.4 million in first year as Eli Lilly CEO
Eli Lilly CEO David Ricks’ first year in charge was marked by a wave of activity, including a huge corporate restructuring. The company’s stock price climbed about 6.2 percent during the year.
Weight-loss doctors accused of leeching millions from Anthem, other insurers
Two Los Angeles doctors allegedly used fraudulent studies to persuade people to get Lap-Band surgery for weight loss and duped insurers into helping to pay the bills in what U.S. prosecutors called a $250 million scheme.
Veteran pain-management doc lines up tens of millions for Midwest expansion
American Pain Consortium Holdings LLC, led by Dr. Edward J. Kowlowitz, plans to operate 15 to 20 pain-management practices within three years.
Roche’s struggling diabetes unit looks toward ‘monster’ for boost
Roche Holding AG—the Basel, Switzerland-based parent of Indianapolis-based Roche Diagnostics—has enlisted a little green gremlin to help rescue its diabetes business after a decade of declining sales.
Fertility doctor’s secret creates special kinship decades later
Dr. Donald Cline, a retired Indianapolis fertility specialist, secretly inseminated dozens of unwitting patients with his own sperm decades ago. Now, many of his offspring are trying to make the most of the long-hidden family ties.
IU Health operating earnings climb on strong patient volumes
The state’s largest health care system saw gains in admissions, inpatient days and surgeries, but visits to the ER and radiology exams dropped slightly.
Hospital construction boom fans overbuilding fears
Even before news broke that an unidentified health care system had lined up 30 acres at 96th Street and Spring Mill Road for a massive development, projects costing billions of dollars were underway or on the drawing board across the region.
Evansville medical campus expected to open in August
The facility will host students from Indiana University, University of Southern Indiana and University of Evansville.
St. Vincent says it remains ‘fully committed’ to West 86th Street campus
At the same time, the Indianapolis-based health system continues to sidestep questions about whether it is involved in a proposal to build a $1 billion hospital complex on a site just three miles from its 86th Street campus.
Franciscan nixes Carmel care center but prepares to open another in downtown Indy
Hospital systems have been opening urgent-care centers at a fast clip, using the small storefront locations to expand revenue, reduce demand on their emergency rooms, and get patients into their networks.
Hospital complex costing $1B planned for 96th and Spring Mill
Neighbors contacted about selling their homes to make way for the development say St. Vincent Health is behind it. But a St. Vincent spokeswoman said the organization does not have “details to share” at this time.
FDA opens new path for Alzheimer’s therapy as failures mount
The Food and Drug Administration proposal will create new opportunities for drugmakers after repeated failures from companies including Indianapolis-based Eli Lilly and Co.
New Community East is big bet as industry revenues slow
It will be smaller and sleeker and—if all goes according to plan—might actually make money, rather than ending each year in the red or barely breaking even.