Former Cook Group unit plans $100M expansion, 200 jobs in Indiana
A New Jersey-based company that acquired Cook Group’s drug-delivery technology unit in late 2017 has plans for a major expansion.
Health Care
Articles
Lilly execs: $8B acquisition feeds into cancer drug strategy
Drug industry analysts on Monday applauded Eli Lilly and Co.’s pending $8 billion cash deal to buy a startup that focuses on oncology, which has become a prime focus for the pharma giant in the last year.
Business partner sought for proposed Broad Ripple Park event center
The Indianapolis Parks Department is proposing the creation of public-private partnership involving a health care provider to help pay for a new family event center at Broad Ripple Park.
Big pharma stocks among top performers in 2018
Pharmaceutical giants Merck & Co. and Pfizer Inc. were kings of the Dow Jones industrial index during the year, while Eli Lilly and Co. was among the 20 largest gainers on the S&P 500.
Indiana lawmaker wants to bring back hospital ‘certificate of need’ process
State Sen. John Ruckelshaus said too many new hospitals, especially in small wealthy clusters, might be driving up the cost of health care. He said his bill was prompted by a recent effort by St. Vincent to rezone a 30-acre site in Carmel.
IU moving LifeLine hub from Richmond to New Castle
Indiana University Health plans to move one of its five Lifeline medical helicopter bases out of Richmond in the coming months.
IBJ Podcast: Two Indy execs talk losing weight — and the harder part, keeping it off
Hyde Park Venture Partners Principal Tim Kopp, the former CMO of ExactTarget, and David Shank, CEO of Shank Public Relations Counselors, talk about the warnings from their doctors that led them to start eating healthier and exercising.
New rule will make hospitals list prices, but what patients pay could differ greatly
Starting Jan. 1, every U.S. hospital will be required to post standard charges online for every item and service they provide, from bandages and drugs to operating rooms and organ transplants.
Elanco plans job cuts, $37M restructuring charge
The Greenfield-based company, which staged its initial public offering in September, said the restructuring is intended “to streamline its international operations."
U.S. surgeon general warns of risk to teens from vaping
The government’s top doctor is taking aim at the best-selling electronic cigarette brand in the U.S., urging swift action to prevent Juul and similar vaping brands from addicting millions of teenagers.
Anthem among health care stocks suffering after Obamacare ruling
While many analysts expect the ruling to be reversed by higher courts, the news adds to volatility in a sector that had barely recovered from political static this year.
Nursing homes start facing pinch of penalties for hospital readmissions
The penalties will be as much as 2 percent of Medicare reimbursements, and could be worth millions of dollars to large nursing-home chains with locations spread across Indiana and the nation.
IU Health People Mover train to shut down indefinitely
The health system said the 15-year-old elevated train service needs major maintenance, but did not say whether the system would ever return to service.
Report: U.S. health spending hits $3.5T, but growth slows
The rate of growth slowed for the second year in a row, according to economic experts at the federal Health and Human Services department.
Entrepreneur finds financial success with deep-tissue therapy
Entrepreneur Michael Arnolt teamed with an inventor more than 20 years ago to launch an enterprise that has sold thousands of steel therapy instruments and trained thousands of clinicians.
Carmel spine surgeon wins $112M verdict in royalty battle with Medtronic
At issue in the five-year legal dispute was whether Dr. Rick Sasso was properly compensated for various inventions, and whether Minnesota-based Medtronic paid him sufficient royalties as spelled out in their agreements.
Riley Children’s Foundation announces $175 million campaign
It’s the foundation’s first capital campaign since 2010, when it raised $200 million. The money will be used for pediatric research, patient care, maternity and newborn health, and family support programs.
Riverview Health chooses north Carmel site for new facility
Riverview Health plans to build one of its new freestanding combined ER/urgent care facilities on Hazel Dell Road, south of 146th Street.
Developer spending $15M to build senior villas on 86th Street
A senior housing community east of the St. Vincent Hospital campus is expected to undergo a major expansion over the next year that will add several dozen independent-living residences.
Rising fear among Asians leads Eli Lilly to rethink employee groups
New employees at Eli Lilly and Co. get a letter encouraging them to join one of the pharmaceutical firm’s affinity groups. There’s one for African Americans, one for Latino employees—and four for Asians.