Arcadia sees bigger quarterly loss on lower revenue
Health care company Arcadia Resources Inc. saw growth in pharmacy business, offset by slower medical staffing sales.
Health Care & Life Sciences
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Zimmer offering seeks $1B
The Indiana-based orthopedic implant maker plans to use the proceeds to pay down debt and for general corporate purposes.
Health reform prods partnership of St. Vincent, OrthoIndy
The specter of declining reimbursement, as well as the desire for statewide growth, lie behind St. Vincent Health’s decision
to form a physician management firm with OrthoIndy and buy a minority stake in its Indiana Orthopaedic Hospital.
St. Vincent, OrthoIndy form partnership
St. Vincent Health has acquired a minority interest in Indiana Orthopaedic Hospital and is in discussions with OrthoIndy physicians
and other independent doctors to create a management company that would oversee orthopaedic and spine services at St. Vincent
Indianapolis. The health care providers announced the deal early Friday.
Indiana near top in smoking survey; national rate rises
A survey found cigarette smoking rose slightly on a national basis for the first time in almost 15 years and that Indiana
had the second highest smoking rate among states.
New Anthem pay-for-performance program gives docs $3.1M
Anthem Blue Cross and Blue Shield of Indiana is doling out $3.1 million to Indianapolis-area doctors—its first payments
based on a local quality measuring system.
Aarden Pharmaceuticals chose Indianapolis over San Diego for headquarters
Thanks partly to a state grant and support from Indiana’s BioCrossroads life sciences initiative, principals “decided
locating here would give Aarden a better chance of success.
Hancock Regional Hospital goes after Geist market
The $7.8 million medical office building in McCordsville will allow the hospital to tap patients with private insurance.
Hill-Rom’s fourth quarter profit exceeds expectations
The Batesville-based maker of hospital equipment reported profit of $26.4 million, or 42 cents per share, in the period ended
Sept. 30.
Vera Bradley gives another $10M to IU cancer center
Previous gifts from the foundation to the cancer center have been used to hire 10 researchers working on breast cancer.
Lilly to pay Utah $24 million to settle Zyprexa suit
Eli Lilly and Co. has agreed to pay Utah $24 million to settle a lawsuit claiming the company improperly marketed the antipsychotic
drug Zyprexa.
Indiana hospitals face Medicaid-reimbursement cut
The Indiana Family and Social Services Administration announced Tuesday that $34 million in new budget cuts includes a 5-percent
cut in Medicaid reimbursements to hospitals.
Lilly, WellPoint CEOs pin hopes on Senate
Drugmaker and health insurer bemoan aspects of House health reform bill and hope Senate crafts more industry-friendly bill.
Council resurrects workplace smoking ban proposal
Two weeks after reaching a stalemate on a proposal that would broaden the city’s workplace smoking ban, City-Council
Council members voted Monday night to resurrect the measure.
Arcadia adds Goldsmith to board, seeks $11M in offering
Indianapolis-based Arcadia Resources Inc. has added former Indianapolis Mayor Steve Goldsmith to its board and plans to raise
$11.1 million in a registered direct stock offering.
House health bill unacceptable to many in Senate
A government health insurance plan included in the House health care reform bill is unacceptable to a few Democratic moderates who hold the balance of power in the Senate.
House passes health care bill on close vote
In a victory for President Barack Obama, the Democratic-controlled House narrowly passed landmark health care legislation
Saturday night to expand coverage to tens of millions who lack it and place tough new restrictions on the insurance industry. The 220-215 vote cleared the way for the Senate to begin a long-delayed debate
on the issue that has come to overshadow all others in Congress.
UPDATE: Life science firm to add 100 jobs at Park 100
California-based life science firm Beckman Coulter Inc. is moving its precision plastics injection molding operation
to the Park 100 business park on Indianapolis’ northwest side, making what it calls a multimillion-dollar investment in the
operation.
IUPUI mulling options for old Wishard Hospital site
The most obvious use for the old Wishard site is an expansion of the Indiana University School of Medicine, particularly for
medical research space, university administrators said.
WellPoint, Obama administration battle over cost of health reform to employers
At this point in the health reform debate, you have to take numbers from any side with a grain of salt. That said, Indianapolis-based
WellPoint Inc. has done perhaps the only local analysis of how proposed reforms would affect the cost of health insurance
for employers.