Indiana nonprofit hospitals sitting on billions of dollars worth of net assets, legislator says
Sen. Travis Holdman (R-Markle) questioned whether the hospital systems are doing enough to make health care affordable for Hoosiers.
John Russell
Articles
Community Health to pay another $145M in whistleblower case, including $6.3M to former CFO
The amount is in addition to the $345 million that Community Health Network paid in December 2023 to settle much of the case with the U.S. Department of Justice.
IBJ’s top 10 health care stories of 2024
It’s been another busy year in Indiana health care and life sciences, with headlines nearly every week announcing another billion-dollar deal or investment.
2024 Year in Review: Lilly’s total investment at LEAP climbs to $13.5B
Lilly said the expansion is expected to add 400 full-time jobs for highly skilled workers, including engineers, scientists, operations personnel and lab technicians.
2024 Year in Review: IU Health rolls out Indy Health District as construction continues
Officials say the hospital, with three 16-story patient towers, should receive its top beam—or be “topped out”—next spring.
Riley announces new president, its fourth in a decade
Riley Children’s Health soon will be led by a new administrator who will oversee its growth across the state and run its downtown anchor, Riley Hospital for Children, which turned 100 years old this fall.
Lilly stock caught up in wave of uncertainty
After a stunning 703% run-up in price over the past five years, shares of Eli Lilly and Co. have been on a roller-coaster ride since September.
Marion County hospitals roll out visitor restrictions in response to flu activity
The Indiana influenza dashboard shows there have been five influenza-associated deaths statewide for the current flu season, which typically runs from October through May.
UPDATE: IU lands $138M grant from Lilly Endowment to fund new biosciences accelerator
The gift is the largest grant that Indiana University has ever received in support of research and development. IU President Pamela Whitten said the funding will help “change the very landscape of our capital city and state.”
Judge blocks ‘right of first refusal’ law on electric transmission projects as MISO readies to OK bids
U.S. District Judge Tanya Walton Pratt ruled that an act signed into law by Gov. Eric Holcomb in 2023 that gives local utilities the right of first refusal on electric transmission projects discriminates against interstate commerce.
Lilly CEO predicts obesity-treatment Zepbound will become drugmaker’s top drug by 2025
David Ricks told a lunch audience at the Economic Club of Washington, D.C., that Zepbound could quickly become the most popular drug in the 148-year-old company’s history.
Roche data shows simple blood test can help determine if someone has Alzheimer’s
Roche is developing the tests in partnership with Indianapolis-based Eli Lilly and Co. Earlier this year, the U.S. Food and Drug Administration granted a breakthrough device designation to the product.
Lilly to spend $3B to expand Wisconsin factory
Under pressure to keep up with soaring demand for drug treatments for obesity, diabetes and other diseases, Eli Lilly and Co. is planning its single largest U.S. manufacturing investment outside of Indiana.
Trial shows Lilly’s Zepbound helps patients lose far more weight than competing drug
Eli Lilly and Co. said its weight-loss treatment Zepbound helped patients lose 47% more relative weight than competitor Novo Nordisk’s obesity treatment Wegovy in a head-to-head clinical trial.
Indy-based startup launches heated dry-air therapy mask as debut product
Respiratory Health Technologies said the product was developed by two medical students who saw an unmet need to harness dry, heated air for respiratory wellness.
GeniPhys builds momentum with wound care technology
After 10 long years, the company that has developed a collagen biomaterial to help heal tissue is readying itself for its next big steps: regulatory approval and commercial launch.
Report: Indiana, U.S., could see closings of more rural hospitals
More than 700 rural hospitals across the U.S., including four in Indiana, are at immediate risk of closing because of serious financial problems they are experiencing, according to a new study.
Riches and gifts roll on for Lilly Endowment
The Lilly Endowment is writing a flurry of big checks again and recently sold more than $50 million worth of stock in namesake drugmaker Eli Lilly and Co. to fund the gifts, many of them to Indiana organizations.
UIndy lands $5M gift from graduate and retired Lilly exec Stephen Fry
The money will go to start three programs designed to give students real-world business experience along with their classroom experience.
Cook Medical invests in California urology-device company
Cook Medical is leading a $24 million investment round to support a medical-device startup developing a minimally invasive treatment for urinary conditions.