Local podiatry office manager charged with Medicaid fraud
According to a federal complaint, the woman submitted $556,797 in false claims to Medicaid for portable medical devices known as oximeters and wired the money to her personal bank account.
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Damien Center renovating former nightclub building for services center
The building at 1446 E. Washington St. was previously home to LGBTQ+ nightclub Zonie’s Closet and drag and karaoke nightclub Illusions.
Magic Johnson to speak at Rally conference in Indianapolis
Basketball-star-turned-entrepreneur Earvin “Magic” Johnson will be among the keynote speakers at the Rally innovation conference in August, event organizers announced Tuesday.
Developer moving ahead with revised apartment plan for former school
Chicago-based William Management expects to spend at least $14 million to redevelop the former, century-old school building and build a second structure, with the buildings totaling 70 apartments.
Bunge to buy Viterra in $18B deal, creating ag powerhouse
Bunge Ltd.—which is spending $550 million to build a soybean processing plant in Shelby County—could find itself in the crosshairs of antitrust regulators in the United States due to the scale of the deal.
Inflation eased further in May, but remains above normal levels
Housing costs continue to be a major driver of overall inflation. Rent rose 0.5 percent in May over the month before, only a minor improvement from a 0.6 percent increase in April. Rental costs are still up 8.7 percent over last year.
Fishers announces plans for $60M community center
Plans for the 105,000-square-foot Fishers Community Center include a dog park, indoor playground, gymnasium and an aquatics facility.
Indiana chosen for $3B electric vehicle battery plant, 1,700 jobs
General Motors and South Korea-based Samsung SDI announced Tuesday that they have selected a 656-acre site in New Carlisle to build the plant, which could become operational by 2026.
Indiana lawmaker to keep seat after pleading guilty to drunken driving
Rep. Jim Lucas signed an agreement with the prosecutor in Jackson County in which he pleaded guilty to misdemeanor charges of driving while intoxicated and leaving the scene of an accident.
Netherlands-based NewCold plans $150M expansion in Lebanon
NewCold said the expanded facility at Lebanon Business Park will be the largest automated cold storage building in the United States.
Indianapolis sports columnist Bob Kravitz among layoffs at The Athletic
In 2018, subscription sports website The Athletic hired Bob Kravitz as senior staff writer for its Indiana edition.
IU Health readies for large bond sale on major hospital projects
The hospital system confirmed Monday that it priced the bonds at $726 million on June 6 and expects to close on the offering July 6. The bonds will help finance IU Health’s new downtown hospital.
Analysis: More than $400B in COVID-19 relief aid was stolen or wasted
An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding, while another $123 billion was wasted or misspent.
Fishers-based collection agency ordered to pay $1.68M penalty
The Consumer Financial Protection Bureau issued a consent order last week against Fishers-based Phoenix Financial Services over alleged violations of federal debt-collection and credit-reporting laws.
Stixx cigar lounge to take over former Saffron Cafe location
Saffron Cafe, known for colorful murals on multiple exterior walls, served Moroccan cuisine from 2009 until the restaurant closed in 2022.
GM to spend $632M on Fort Wayne Assembly plant upgrades
While no new jobs are being created, the company said the move will help retain the nearly 4,000 employees at the northeast Indiana facility.
People spending less on hotels, flights, restaurants and more
An emerging pullback should be welcome news for the Federal Reserve, which has been taking aggressive steps for more than a year to slow the economy enough to bring down inflation.
IBJ Podcast: Pete The Planner on potential student loan tumult and its wider economic threats
Federal student loan borrowers haven’t been required to make loan payments since March 2020. But the grace period is almost over: Some 44 million borrowers will be required to either begin or continue making payments in September.
Indiana budget regulators requiring state agencies to hold back 2% ‘management reserve’
A memo issued by the State Budget Agency last week says that, despite “our strong financial position,” the state needs “to be mindful of unknown factors.”
Insurers clamping down on doctors who prescribe Ozempic for weight loss
Indianapolis-based Elevance Health, which operates Anthem plans, said that in most cases, it won’t cover Ozempic unless a patient is diagnosed with diabetes and has tried another medication to manage it, but physicians can still prescribe it.