St. Vincent Light on Details of Carmel Property Purchase

Posted: Updated:
(Image of Joel Feldman courtesy of St. Vincent.) (Image of Joel Feldman courtesy of St. Vincent.)

St. Vincent has acquired property at one of the busiest intersections in Indiana. Regional President Joel Feldman says the purchase of land near U.S. 31 and I-465 in Carmel is a play toward the future. Specific details of what the health system plans to do at the site have not been released, nor has the price of the acquisition, but Feldman says the focus will be on accessibility and delivering "high-quality, compassionate and personalized care to even more patients and families."

In an interview with Inside INdiana Business, Feldman said the acquisition was prompted by a need to address rapid changes in healthcare. "What we want to do is to create an integrated health care system, which pushes healthcare as close to the consumer as possible and is medically appropriate to increase accessibility and then to decide what services need to go where to meet those goals," Feldman said. "Care has been shifting pretty dramatically from the inpatient setting to outpatient setting, so we have to do more investigation and data crunching before we know where we think that's going to be in 10 years and what we think the trends are going to be over 20 or 30 years. Then, once we've done all of that, then we'll be able to decide what services go where, what the services should look like and the very last step in that process is what is the physical point you need to support that."

Feldman says he doesn't expect to have any information on the future of the Hamilton County land until "well into 2019." The acquisition, he adds, is in-line with patient trends such as not wanting to travel for routine care and for a general shift from the industry from inpatient toward outpatient treatments. St. Vincent currently employs more than 15,000 and has several facilities connected to its footprint of two dozen Indiana hospitals located within a few miles of the newly-acquired property.

In an interview with Inside INdiana Business, Joel Feldman said the acquisition was prompted by a need to address rapid changes in healthcare.
  • Perspectives

    • What Do Customers Really Think of You?

      Ask a business owner how her customers think about the services they receive or the products they use, and you’ll hear comments like "they love us." But when a third party asks those customers the same question, the results can be eye-opening. I recently shared the story about developing a customer profile for a professional services firm that was eager to grow but lacked useful marketing intelligence about the business it was already handling. We helped them...



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • Scotty's Brewhouse Files For Bankruptcy

      Indianapolis-based Scotty's Brewhouse has filed for Chapter 11 bankruptcy protection. The company says the decision was "driven largely by the challenges of some specific locations and was necessary because of the way the company was structured corporately." As a result of the deal, Scotty's will close four of its restaurants by the end of the year. In a news release provided to Inside INdiana Business...

    • $600M Waste-to-Fuel Plant Coming to Gary

      A California-based renewable jet fuel and diesel producer has announced plans for a massive investment in northwest Indiana. Fulcrum BioEnergy Inc. says it will invest $600 million to build the Centerpoint BioFuels Plant in Gary, which will convert municipal solid waste into renewable transportation fuel. The project is expected to create up to 163 jobs by the end of 2022. The Indiana Economic Development Corp. says Centerpoint will be located at an industrial site that will be...

    • Eleven Fifty Eyes Statewide Growth

      Eleven Fifty Academy, which began in founder Scott Jones' Carmel house and moved to Launch Fishers, is now looking to go statewide. The coding academy is considering communities including Fort Wayne, Gary, Valparaiso and Terre Haute. Jones says the academy boasts a 93 percent graduation rate, with 81 percent finding jobs within the first two months. "No training environment in the state, no college or university is coming close to those kinds of impacts in that short amount...

    • Dept. of Labor Honors Eleven Fifty

      Fishers-based Eleven Fifty Academy says it is the first in Indiana and one of just a few in the nation to be recognized by the U.S. Department of labor as a registered software development apprenticeship program. The department is taking part in a ceremonial signing with the academy this morning at Eleven Fifty's headquarters in Launch Fishers. Founder Scott Jones says, with tens of thousands of tech jobs available in Indiana, the designation shows Eleven Fifty is...

    • Four Myths When Selling Your Company

      Selling your company can present a winding maze of important decisions and unforeseen considerations. Often the excitement of a potential deal can overshadow some of the underlying complexities that are essential to consider for the deal to run smoothly and for you to achieve your desired outcome. Here are four common myths about the deal process that can inhibit a deal’s timing and get sellers stuck in the maze. 1. Myth – Any money is good money. Reality ...