Senate panel advances physician non-compete bill
An Indiana Senate panel voted Wednesday to advance a bill that would prohibit non-compete agreements between physicians and their employers.... Read More
John Russell
Indianapolis Business Journal
Lilly to invest another $450M in North Carolina factory
Indianapolis-based Eli Lilly and Co. (NYSE: LLY) said Tuesday it plans to invest another $450 million at a factory in North Carolina that makes diabetes medicines and devices.... Read More
Elevance Health buys Louisiana insurer
Elevance Health said Monday it has agreed to buy Blue Cross and Blue Shield of Louisiana for an undisclosed sum. The deal will expand the Indianapolis-based health insurer, formerly known as Anthem, into the 15th state where it can sell its health plans.... Read More
Indiana life science companies raise record $620M in 2022
Indiana’s healthcare and life sciences sector, often hailed as a key driver of the state’s economy, landed a record $619.8 million in venture funding last year, a hefty increase over the previous record, set a year earlier.... Read More
Feds reject Lilly’s fast-track application for Alzheimer’s drug
Federal regulators have rejected Eli Lilly and Co.’s application for accelerated approval of an experimental treatment for Alzheimer’s disease due to a limited number of patients that were still on the drug for a full year in clinical trials.... Read More
Global-health group aims to launch new med school
It has no employees, no higher-education accreditation and only about $40,000 in the bank. But a group of physicians and business leaders, many with ties to DePauw University in Greencastle, is quietly drawing up plans to establish a medical school in Indiana with a focus on global health.... Read More
Northwind Pharma planning $10.5M expansion, 205 jobs
An Indianapolis company that repackages and distributes pharmaceuticals is planning a $10.5 million expansion that will include hiring another 205 people. Northwind Pharmaceuticals LLC plans to make the hires by the end of 2025.... Read More
House Republicans propose fines for hospitals with high fees
Upset with what they say is the excessive cost of healthcare in Indiana, House Republicans want to levy fines against hospitals that charge more than 260% of what Medicare reimburses for services. House Bill 1004 would impose fines for excessive prices.... Read More
IU Health expands plan for downtown Indy hospital
Indiana University Health said Monday the cost of its new downtown hospital complex will now top $4 billion, an increase of 60% over previous estimates, due to higher construction costs and a major increase in the number of patient rooms.... Read More
Franciscan Health Central Indiana leader promoted
Dr. James Callaghan, CEO of Franciscan Health’s central Indiana hospitals since 2015, has been promoted to the health system’s corporate parent. Callaghan has been named senior vice president and chief operating officer for Mishawaka-based Franciscan Alliance.... Read More