Robert Enlow is replacing Gordon St. Angelo as president of the Friedman Foundation for Educational Choice on Jan. 1, the Indianapolis-based not-for-profit announced yesterday. Enlow has been executive director of the group, started by legendary economist Milton Friedman and his wife, Rose, since late 2004. St. Angelo, a pioneer in the school-choice movement, had led […]
Eli Lilly & Co. has filed lawsuits against seven generic drug companies in federal court in Indianapolis, asking a judge to
declare its Cymbalta patent valid and to tell the generic companies to back off.
The state’s Dec. 1 takeover of Medical Savings Insurance Co. marks the formal crumbling of J. Patrick Rooney’s network of
health care reform efforts.
Indiana fell two rungs in an annual ranking of the health of state populations. The Hoosier state came in 34th in a report released today by UnitedHealth Foundation, the American Public Health Association, and the Partnership for Prevention. Indiana struggles for well-known reasons. Its smoking rate is sixth-highest, at 24.1 percent. Air pollution and preventable […]
Pat Rooney’s insurance company is about to die, nearly two months after Rooney himself passed away. Medical Savings Insurance Co. was ordered into receivership today by Marion County Judge Theodore Sosin. Indiana Insurance Commissioner Jim Atterholt will oversee liquidation of the company’s assets. Medical Savings, based in Park 100, sold individual high-deductible health insurance policies, […]
The unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana
public companies to scoop up shares in their own companies.
Most colleges and universities in central
Indiana are being especially frugal because the value of their university endowments has plunged along with the market,donations
may decrease, and enrollment may decline, due to lack of student loan availability.
Muncie-based Cardinal Health System and Indianapolis-based Clarian Health will merge on Jan. 1, the two organizations announced today. Officials from the two hospital systems signed an integration agreement on Wednesday after receiving unanimous approval from their respective boards of directors. The two systems announced their intention to merge in September. After the merger, Clarian will […]
OneAmerica Financial Partners Inc. has signed a letter of intent to acquire Virginia-based Shenandoah Life Insurance Co. Shenandoah would become a subsidiary of Indianapolis-based OneAmerica, whose other subsidiaries include American United Life Insurance Co. and The State Life Insurance Co. OneAmerica disclosed no details about the financial terms of the deal. Shenendoah is much smaller […]
Hendricks Regional Health and YMCA of Greater Indianapolis announced a partnership today to build an integrated fitness center and medical office building – something they say will be unique in Indiana. The 100,000-square-foot center, named Hendricks Regional Health YMCA, will sit on nearly 29 acres along U.S. 36 in Avon. It will provide medical, wellness, […]
Mark Cuban, the Indiana University alumnus who owns the Dallas Mavericks, said this afternoon that accusations of insider trading leveled against him earlier in the day by the U.S. Securities and Exchange Commission are false. Cuban said in a statement posted on his Web site, www.blogmaverick.com., that he will contest the allegations, calling them “a […]
Mark Cuban, the Indiana University alumnus who owns the Dallas Mavericks, has been accused of insider trading by the U.S. Securities and Exchange Commission. The charge involved a 2004 trade of 600,000 shares of Mamma.com Inc., an Internet search engine company that now is part of Canada-based Copernic Inc., according to a statement on the […]
Eli Lilly and Co. has licensed the U.S. rights to commercialize its drug Cialis to treat high blood pressure in the pulmonary artery to United Therapeutics Corp., a Maryland-based biotech drug firm. Indianapolis-based Lilly will buy $150 million of United Therapeutics’ common stock, but also receive a $150 million upfront payment from United Therapeutics, according […]
Marion County hospital systems anticipate more mergers, possibly with each other.
Dennis E. Murray Sr. was declared liable in October by U.S. District Court Judge Larry J. McKinney for at least some of the
millions of dollars he borrowed to buy Conseco stock in the late 1990s.
Medical tourism is getting the attention of two Indianapolis-area insurance companies. Carmel-based Seven Corners announced yesterday that it will offer coverage for medical complications if they arise during or after a trip overseas to receive surgery. Seven Corners claims it is the first insurer to offer such coverage. Also, Indianapolis-based WellPoint Inc. has been working […]
Indianapolis-based contract research firm Harlan Sprague Dawley has re-branded itself, bringing its multiple companies under one name – Harlan Laboratories Inc. Harlan, which provides animal testing and other kinds of pre-clinical research services, employs 3,000 workers in 12 countries, including 300 in Indianapolis. Its subsidiaries included SafePharm, a contract research firm for the chemical industry, […]
Dr. Francis Price Jr. has brought hundreds of eye surgeons to Indianapolis to train them in how to use
a new cornea transplant technique that has swept the ophthalmology field—DSEK, which stands
for Descemet’s stripping endothelial keratoplasty.
Stock in Conseco Inc. shot up 58 percent this morning after the Carmel insurer reported a big third-quarter loss but beat analyst expectations. The shares rocketed to $2.79 each – well below the $9 level where they traded in September but a big improvement over the all-time lows of less than $2 of recent days. […]
Conseco Inc. reported a big third-quarter loss after the markets closed today. But the results appeared to be better than analysts had forecast. Carmel-based Conseco recorded a net loss of $182 million, or 98 cents per common share. That widened its loss from the third quarter last year, which totaled $53 million, or 28 cents […]
