Acacia Pharma Group employees are waiting to see what will happen to their jobs and whether the company will remain in Indianapolis in any form, now that it is being acquired by New Jersey-based specialty drugmaker Eagle Pharmaceuticals Inc. for $103.9 million.
Ferree, who started her career as a security guard at The Children’s Museum of Indianapolis, now oversees a staff of about 150 and an annual budget of $12 million at the state museum and the state’s historic sites.
An arbitrator ordered the payments, and the hospitals say they can claim at least another $12 million from Anthem for tens of thousands of additional claims that it says the insurer has downgraded and not paid in full.
The university announced the gift Thursday morning from Jeff Albers, who graduated from the Kelley School in 1993, and his wife, Alison. Albers has spent more than 25 years in the biopharmaceutical industry.
Elanco Animal Health Inc. on Tuesday broke ground and shared new designs for its planned $100 million-plus global headquarters at the former General Motors Stamping Plant site just west of downtown Indianapolis.
The push by Eli Lilly and Co. will come despite an unfavorable ruling last week from Medicare that sharply restricts reimbursements for a drug in the same class.
When it comes to who is responsible for the high cost of health care, many of the organizations pointed fingers to different players in the wide-ranging industry.
Admissions, patient days, emergency room visits, outpatient surgeries and outpatient visits with physicians all climbed last year for Community Health Network. The only decreases were for inpatient surgeries and virtual appointments.
Since early March, the Lilly Endowment has sold 1.3 million shares of Eli Lilly and Co. stock, raising $391 million, according to government filings.
Rural hospitals have long struggled to stay afloat. But now, the sector is facing a wave of closings under additional financial pressures, some caused by the pandemic that has strained resources.
The power plant is one of three generating stations that provides electricity to about 500,000 AES Indiana customers in central Indiana. The utility said it has made a wide series of repairs since the plant conked out nearly a year ago.
After more than six years of planning, Indiana University Health is moving forward with the next step of its new, $1.6 billion flagship hospital downtown, which will soar up to 16 floors above the street.
For the third year in a row, an investor is proposing that the pharmaceutical company scrap the tradition of combining the role of chief executive officer and board chair.
Indianapolis-based health insurer Anthem Inc. is suing a former executive, claiming he stole trade secrets, went to work for a direct competitor, and breached a contract involving restricted stock agreements.
The Indianapolis-based health insurer said the name change will better reflect its mission of “elevating whole health and advancing health beyond healthcare.”
A leading critic of IU Health said the huge contribution appears to be a way to make the hospital system’s profits drop below $1 billion last year as it faces higher scrutiny from the Indiana General Assembly and other groups for its high fees and large profits.
The medical-device maker is vigorously defending itself against a mountain of lawsuits that claim its inferior vena cava (IVC) filters, designed to catch blood clots, are unsafe.
The health system said the funding plan will “support community health initiatives and education and workforce development programs statewide, including neighborhoods around its downtown Indianapolis campus.”
The parent of electric utility AES Indiana announced Friday morning it plans to give up coal as a fuel source, a move likely to lead to the early shutdown of coal-fired units at its massive Petersburg Generating Station.
Elanco Animal Health Inc. said Thursday morning that revenue climbed 46% last year and its net loss narrowed, strengthening its financial position as it prepares to break ground this spring on a new $100 million headquarters in Indianapolis.
