Walgreens, Rite Aid revise store purchase deal to $4.38B
Walgreens and Rite Aid have finally devised a combination of the nation's largest and third-largest drugstore chains that will get past antitrust regulators.
Health Care & Life Sciences
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Cook Group selling drug unit for $950M, buying former GE factory
Cook officials cast the sale of Cook Pharmica and the purchase of what once was the world’s largest refrigerator factory as good news for Bloomington.
Longtime OB-GYN named new Indiana state health commissioner
Dr. Kristina Box will take over Indiana’s top health job next month, succeeding Dr. Jerome Adams, who resigned to become U.S. surgeon general.
Anthem expands Obamacare options in Virginia to fill holes
Anthem Inc. reversed course and said it will offer Obamacare plans in Virginia, after a pullback by another insurer threatened to leave the state with large gaps in coverage.
Analysts see Trump threats to insurers boosting premiums
Average premiums for individually purchased health insurance will grow around 15 percent next year, the Congressional Budget Office projected.
Anthem weighs retreating from even more Obamacare markets
The Indianapolis-based health insurer is in talks with officials in some states ahead of deadlines later this month to decide whether to sell coverage in 2018, CEO Joseph Swedish said Tuesday.
Insurance stocks jump as Irma avoids worst-case scenario
Hurricane Irma weakened as it moved past Tampa on Monday, leaving in its wake a state that avoided the worst predictions of its destruction by sea and storm.
Lilly breast cancer drug results could challenge Pfizer pill
li Lilly and Co.’s experimental breast cancer drug abemaciclib, when combined with standard therapy, slowed the progression of tumors in patients with an advanced form of the disease.
First Internet Bank investing in California health care lender
The Fishers-based online bank says it will expand its presence in health care lending by agreeing to fund millions of dollars in loans for clients of the San Francisco-based startup. It also is taking a stake in the firm.
Lilly eliminating 3,500 jobs as part of cost-cutting plan
Indianapolis-based pharmaceutical giant Eli Lilly and Co. said the 3,500 jobs represent 8.3 percent of its global workforce. Lilly hopes the cuts will save it $500 million a year.
Anthem to sell insurance in fewer Kentucky counties
Indianapolis-based Anthem had been the only insurance carrier to sell plans in all 120 counties on Kentucky's health exchange.
Indiana proposes work mandate for state health coverage
State documents show that fewer than 30 percent of those enrolled in the Healthy Indiana Plan would be required to comply with Gov. Eric Holcomb's proposed work mandate.
Rising health care costs fuel Springbuk’s growth
The health-analytics-software firm sells an HR tool for employers to track health care spending and outcomes.
Biosciences institute CEO steps down; chief scientist promoted to top spot
David Broecker was founding CEO of the four-year-old Indiana Biosciences Research Institute, which aims to bridge the gap between research universities and industry in life sciences.
Lilly shares rise on surprising news from FDA on arthritis drug
The Indianapolis drugmaker said it will not be required to conduct another expensive, time-consuming clinical trial for the potential blockbuster.
Pacers lift curtain on $50M downtown training complex
The St. Vincent Center combines team training facilities—including regulation-sized courts, cushy recovery amenites and an underwater treadmill—with health care services for the public.
Obamacare’s last bare spot filled by insurer in rural Ohio
The final county in the U.S. that was at risk of not having an Obamacare insurer next year will have one. The county had been left without ACA coverage for 2018 after Anthem Inc. said it would pull out.
IU trustees approve design for new, $340M Bloomington hospital
The design features plenty of glass and natural light, along with Indiana limestone and brick highlights. The facility, scheduled to open in 2020, will replace an aging hospital about five miles away.
Anthem to stop selling individual plans in much of Virginia
Anthem's departure—along with Aetna and UnitedHealthcare—means only one insurer will offer individual plans in more than half of Virginia's counties and independent cities next year.
Trump lashes out after Merck exec resigns from president’s council
President Donald Trump criticized drug prices immediately after Merck & Co.’s CEO quit the president’s council of manufacturing executives Monday, to take a “stand against intolerance and extremism.”