The Herald Bulletin

Evening Update

Local Business

April 7, 2014

Redevelopment Commission OKs $200,000 loan

Geriatric care facility to open this fall

ANDERSON – The first step in providing a $200,000 forgivable loan for the opening of a geriatric care facility in The Flagship has been approved by the Anderson Redevelopment Commission.

The Redevelopment Commission on Monday approved the transfer of $200,000 to the Anderson Economic Development Commission to provide the funds to Assurance Health.

Greg Winkler, director of the city's Economic Development Department, said the City Council has to approve the loan. He said the loan will be considered by the council at the May 8 meeting or at a special council meeting.

He said the $200,000 is a forgivable loan over seven years with Assurance Health having to meet certain goals annually.

Kyle Small of Assurance Health said there are plans for 20 beds in 10 patient rooms at an existing building at 2725 Enterprise Drive.

Small said the facility will serve patients within a 45-mile radius of Anderson. He said most patients come from nursing homes and are older than 65 years of age.

“We’ve found a niche in the market,” he said.

Morris Long said the facility will see patients who have either been not treated or treated with overmedication or placed in a general psychiatric unit.

“We will treat people 65 and older in a common location,” he said. “We will provide therapy when needed and medication management.”

Long said the goal is to create a higher quality of life for the patients. He said the average stay will be less than 15 days.

The facility will create 52 jobs and the company is making a $3.2 million investment. The annual payroll has been estimated at $2 million.

Long said the geriatric care facility should be open by late fall or early winter.

The Anderson Board of Zoning Appeals in March approved a special exception for the facility. At the time the developers indicated there would be 10 patient rooms with private bathrooms, therapy areas, office space, a quiet activity room, group therapy and consulting rooms.

Text Only
Local Business
  • boynton, brandon photo Teen receives funding for business venture Brandon Boynton is moving forward with his business dreams, thanks in part to a local working capital loan and a fundraising campaign.

    July 30, 2014 1 Photo

  • Senior housing project advances If all the pieces fall into place within the next two weeks, construction on a new senior housing development could begin this fall.

    July 30, 2014

  • Roundabout bids higher than expected Bids for a planned facelift of the gateway into Anderson from Interstate 69 at Scatterfield Road came in considerably higher than the engineer’s estimate for the project.

    July 29, 2014

  • FEA - HB0729 - Senior Falls Aging safely in the comfort of her home Marilyn Moneyhun said being totally reliant on others is difficult. "Losing your independence is a shock to your system," Moneyhun, 84, said. "You are not in control anymore."

    July 29, 2014 1 Photo

  • NWS - HB0728 - business expansion CB Fabricating makes $2 million investment

    A local business founded in 2006 has invested $2 million in new equipment and a building expansion.

    July 29, 2014 1 Photo

  • Charo Boyd: 'My Social Security' simplifies your life So many people buzz through extremely busy and complicated schedules these days. A smartphone in one hand, a computer in front of you, and a digital task list that never seems to end. In addition, to complicate things just a little more, there’s another event you need to add to your list — National Simplify Your Life week.

    July 28, 2014

  • nws - hb0725 - colts - jc - 4.jpg Colts camp's impact: pricey or priceless?

    Football fever is here and the city is flooded with fans eager to catch a glimpse of a favorite player. But officials say they are unclear what kind of economic impact the Indianapolis Colts training camp has on the area.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Skill gap 2 Seeking a solution today, not tomorrow Tina Warner-Morton says she wants to open her own healthcare business because it is too difficult to work for an employer with unclear employee expectations.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Cathy Cupboard Biz Profile Business Profile: Cathy's Cupboard focuses on customer satisfaction Cathy McPhearson opened her first storefront in June, but this is not her first venture into business. “I have always wanted to have my own business,” she said. “The problem was finding what people like, but everyone seems to like candles.”

    July 26, 2014 1 Photo

  • IU Health Ball Memorial Hospital named Level III trauma center The Trauma Center at Indiana University Health Ball Memorial Hospital has been verified as a Level III Trauma Center by an ad hoc committee of the Committee on Trauma (COT) of the American College of Surgeons.

    July 26, 2014

Stocks
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide