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Mark Sanchez

Mark Sanchez

Senior Writer

msanchez@mibiz.com

Former Steelcase Inc. CEO James Hackett was named interim athletic director today at the University of Michigan, succeeding the embattled Dave Brandon, who resigned earlier in the day.

Two years after Michigan enacted landmark legislation requiring health insurers to pay to treat autism, Phil Weaver is well aware of persistent bottlenecks that get in the way of children accessing treatment.

MPI Research Inc. plans to expand into early-stage clinical studies with the acquisition of the assets of Jasper Clinical Research and Development Inc. in Kalamazoo.

The U.S. Supreme Court’s refusal to review a $6.1 million judgment against Blue Cross Blue Shield of Michigan over fees hidden in a self-insured contract with an auto supplier clears the way for several similar cases to proceed.

Pennock Health Services in Hastings could become the next community health system to affiliate with Grand Rapids-based Spectrum Health.

After successfully executing its first-ever merger this summer, Mercantile Bank Corp. remains open to further deals in the future.

As volumes grew during the past year, the U.S. Small Business Administration has again decided to waive fees for loans of less than $150,000 that are made under its primary lending program.

Mark Kolanowski assumes the chairmanship of the Community Bankers of Michigan as consolidation in the industry begins to pick up, driven by the rising costs of complying with federal regulations enacted from the 2008 financial crisis and the current period of “tepid” economic growth.

Venture capital deal flow in Michigan in 2014 lags the pace of investment last year, although a single large investment in the spring has the total amount invested through the third quarter exceeding all of last year.

An $850,000 investment will help Grand Rapids-based Tetra Discovery Partners LLC move into clinical trials next year for a drug under development to treat Alzheimer’s disease.

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