OrthoWorx: Hospital plan ‘ambitious’
WARSAW — The head of Indiana’s orthopedics initiative says a potential specialty hospital in Kosciusko County would benefit the entire state.
OrthoWorx Chief Executive Officer David Floyd says an orthopedic hospital would be a significant asset for researchers at the state’s universities. The organization is conducting a feasibility study on the project.
Parkview adding to new hospital
FORT WAYNE — Parkview Regional Medical Center intends to pump an additional $14 million into its new hospital, which is set to open next month.
A build-out is planned on two floors and will include nearly 50 more beds. Most of the additional space is expected to be completed this spring.
Chamber: Right-to-work helps state
INDIANAPOLIS — Indiana Chamber of Commerce President Kevin Brinegar said the state’s new right-to-work law is the latest advancement to Indiana’s already-attractive business climate.
Brinegar said the measure, which Governor Mitch Daniels signed Wednesday afternoon, will give companies another reason to bring their business and jobs to the state.
AFL-CIO: Right-to-work law doomed
INDIANAPOLIS — Indiana State AFL-CIO President Nancy Guyott said Indiana lawmakers gave the “wrong answer to the most important question of this generation” when they approved right-to-work.
Guyott said the organization will work to repeal the new law and defeat legislators who supported it.
Children’s museum gets top ranking
INDIANAPOLIS — The Children’s Museum of Indianapolis continues to draw accolades.
Forbes magazine contributor Larry Olmstead has ranked it at the top of the 12 best children’s museums in the country. “Families could easily spend two days exploring this Indianapolis behemoth,” he wrote.
Cummins reports record yearly profit
COLUMBUS — Officials of Cummins Inc. said 2011 was the company’s best year ever, with a record profit of $1.85 billion.
Cummins is also reporting a 51 percent jump in fourth-quarter net income, compared to the same period the previous year.
Expiring patents drop Lilly profit
INDIANAPOLIS — Eli Lilly and Co. has reported fourth-quarter net income of $858.2 million, down from more than $1.1 billion from the same quarter last year.
Chief Executive Officer John Lechleiter said the numbers the decline was due in large part to patent expirations, including the top-selling antipsychotic medication Zyprexa and chemotherapy drug Gemzar.
Gerry Dick’s Inside Indiana Business briefs appear Wednesdays, Fridays and Sundays in The Herald Bulletin. For more on these stories and more Indiana business news, visit Insideindianabusiness.com.
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