Chicago Business News for December 18, 2012

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Crain's event gathers health care CEOs to discuss rising costs

Four Chicago-area hospital CEOs talked frankly about how rising health care costs are driving industry developments, including the push toward population management and the need to cut expenses across entire health systems.

Nursing home owner Aviv REIT files for IPO

Though demand for nursing homes is expected to grow over the next couple decades as baby boomers age, their future profits depend heavily on Medicare and Medicaid government health care programs, which could face cutbacks amid deficit-cutting efforts at the federal and state levels.

Christmas Carols for the foreclosure crisis

Lyrics courtesy of the Centro Autonomo of Albany Park.

In brief: Joliet hospital CEO challenges Silver Cross ER plan

Also: Average annual health insurance premiums for Illinois families soared from 2003 to 2011, but the increase was less than the national average, and the state's nationwide ranking in overall health sticks at No. 30.

In brief

Initial plans for Purple Hotel to be unveiled

Also, a Lakeview building that;'s to house Waffles' second location is poised to sell for $3.7 million, and a company is moving its headquarters to Aurora from Channahon.

Closer highlights for Dec. 18

Also, a Gold Coast apartment building is refinanced with a HUD loan, and Lululemon Athletica plans a Deer Park store.

Investors come calling at 1871

A half-dozen companies have landed $11.6 million in funding since 1871 opened seven months ago.

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Retooling Chicago: Wynright Corp. helps Santa deliver

Elk Grove company develops conveyer systems to make warehouses faster.

Jobs graphic

Winners and losers in Chicago's employment economy

Crain's analyzed data from the U.S. Bureau of Labor Statistics to determine which industries are gaining and losing jobs as part of its ongoing look at Chicago employment.

Musical instrument maker closing suburban plant

(AP) — Conn-Selmer will move the work from La Grange to a plant in Elkhart, Ind., where the company is based.

Bulk sale listing for failed North Side condo conversion

An apartment landlord has decided to sell 87 units at Polo Tower that it acquired in 2005 after a developer liquidated.

Residential briefs

Builder's first house sells for more than $4 million

Also, Blackhawks captain Jonathan Toews cuts his asking price on a condo at the Chandler, and a Bucktown home is listed for nearly $2.8 million.

Navistar to sell stakes in Indian joint ventures

(AP) — The Lisle-based heavy truck and engine company said it needs to focus more intensely on areas that more quickly contribute to its goal to improve its return on invested capital.

Fruition Partners secures $12 million investment

The venture capital will help the West Loop software company hire its own salesforce instead of relying solely on partners.

Morning 10: Corporate startups | investors shun gun makers | Scalabrine, video star

Mondelez International Inc. and the National Association of Realtors join Microsoft, Nike and PepsiCo in launching their own startup accelerators, gathering small teams of entrepreneurs for a few months of intensive focus to either turn their ideas into viable companies or fail quickly. Find

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