It’s official today. Community Health Network has selected Bryan Mills as its next CEO. James Morey, chairman of the board of the hospital chain, sent a memo to Community staff today, announcing Mills’ selection. IBJ first reported on Friday that Mills was the choice to replace Bill Corley, who has led Community for the past […]
Benefits brokers and agents-facing increasing demands from employers and declining commissions-are merging at an accelerating pace. In less than two years, 10 Indiana firms have been swallowed up. The trend started slowly in 2007 but picked up speed late in 2008 and has continued into 2009. In March alone, Indianapolis brokers Benefit Associates Inc. and […]
CEO John Lechleiter is ruling out Eli Lilly and Co.’s participation in the drug industry’s recent round of mega-mergers, the Financial Times reported today. At the same time, the Indianapolis-based company isn’t stepping back from collaborations. It announced its most recent today: a heart-drug development deal with Mumbai, India-based Cadila Healthcare Ltd. Lechleiter specifically ruled […]
CEO John Lechleiter is ruling out Eli Lilly and Co.’s participation in the drug industry’s recent round of mega-mergers, the Financial Times reported today. At the same time, the Indianapolis-based company isn’t stepping back from collaborations. It announced its most recent today: a heart-drug development deal with Mumbai, India-based Cadila Healthcare Ltd. Lechleiter specifically ruled […]
Benefits brokers and agents—facing increasing demands from employers and declining commissions—are merging at an
accelerating
pace.
A new group funded by pharmaceutical and medical products companies – and co-chaired by former Indianapolis Mayor Bart Peterson and Indiana Pacers President Jim Morris – will publicly launch itself today with a press event at the Indiana Statehouse. Hoosiers Work for Health is a not-for-profit that wants to hold educational forums about health care […]
Major Hospital in Shelbyville has one of the toughest jobs in central Indiana. It operates in the least populated county of those surrounding Marion County. Yet because of Interstate 74, most Shelby County residents can be on the doorstep of one of the much larger Indianapolis hospitals in just 30 minutes. But by at least […]
Conseco Inc., at risk of violating its main credit agreement, has asked its senior secured lenders to waive restrictions on their $912 million in loans, the company announced today. Conseco, a Carmel-based life insurer, indicated in a statement that it would pay a higher interest rate on the loans in exchange for its lenders relaxing […]
Eli Lilly & Co. executives are making many trips to Washington to argue for 14 years of sales exclusivity for new drugs made
from cells.
Even the strong are cutting jobs. OneAmerica Financial Partners Inc., one of few life insurance companies not crippled by investment losses, has laid off 114 workers, the Indianapolis-based company announced today. Of the people cut, 101 worked in Indianapolis. OneAmerica now employs more than 1,200 in Indianapolis and nearly 300 more around the country. All […]
After two mega-mergers last week among pharma companies, the buzz grew deafening with speculation about future mergers, including the possibility of Eli Lilly and Co. linking up with Bristol-Myers Squibb Co. Indianapolis-based Lilly has steadfastly said it’s not interested in big mergers. But even if Lilly wanted to merge, does it have the capital to […]
Without fresh capital â?? or loosened debt obligations â?? Carmel-based Conseco could find itself in bankruptcy or looking
for a buyer or both.
Whether or not Conseco Inc. gets a clean bill of health from its auditor on March 17, analysts predict the life insurer will need to raise more than $400 million to cover looming investment losses. And it needs the cash when raising any money is nearly impossible. Without fresh capital-or loosened debt obligations-Carmel-based Conseco could […]
St. Francis Hospital & Health Centers will halt construction this summer on a new inpatient bed facility at its hospital in southern Indianapolis. The facility only is 40 percent finished. The hospital plans to resume work once the economy improves, according to an update posted on its Web site yesterday. St. Francis’ announced its new […]
Now that Medicare is calling for all doctors it deals with to use electronic medical records by 2015, it could hasten the trend of physicians merging with hospitals or larger groups. But it could also speed up the retirement of aging physicians at a time when they are in short supply. That’s according to John-David […]
The stimulus bill has prompted Indiana businesses and not-for-profits that deal in medical records to look for partners to
help them meet the challenge of making those records electronic in five years.
Grab a partner and dance. Fast. The stimulus bill passed last month essentially sets a five-year time line for doctors to start using electronic medical records and for states to figure out how to exchange those records from doctor to doctor. That has prompted Indiana businesses and not-for-profits that deal in medical records to look […]
Grab a partner and dance. Fast. The stimulus bill passed last month essentially sets a five-year time line for doctors to start using electronic medical records and for states to figure out how to exchange those records from doctor to doctor. That has prompted Indiana businesses and not-for-profits that deal in medical records to look […]
Carol D’Amico is stepping down as president and CEO of Conexus Indiana and taking part-time consulting duties at the Indiana Department of Education. D’Amico will continue in a part-time senior role at Conexus, a work-force development group focused on manufacturing and logistics. Steve Dwyer, former chief operating officer of Rolls-Royce Corp., will replace D’Amico on […]
Carol D’Amico is stepping down as president and CEO of Conexus Indiana and taking part-time consulting duties at the Indiana Department of Education. D’Amico will continue in a part-time senior role at Conexus, a work-force development group focused on manufacturing and logistics. Steve Dwyer, former chief operating officer of Rolls-Royce Corp., will replace D’Amico on […]
