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Mark Sanchez

Mark Sanchez

Senior Writer

msanchez@mibiz.com

With the integration of the former Firstbank Corp. nearly complete following the acquisition last summer, Mercantile Bank Corp. moved into 2015 targeting loan and revenue growth across a far broader market.

Metro Health has finally reached an agreement to sell a majority stake to Community Health Systems Inc., the largest operator of hospitals in the U.S. Under a definite agreement announced this morning, the Franklin, Tenn.-based Community Health Systems would acquire an 80-percent equity share of Metro Health, which will retain a 20 percent stake.

Bringing West Michigan Heart fully into Spectrum Health’s physician group comes with a new emphasis on improving the cost of cardiac care as health care undergoes a shift in its long-held economic model.

West Michigan for years has been touted as a market that offers high-quality health care at a lower cost than many other regions of the state or the nation.

The growing incidence rate of data breaches and the cost to respond to them has businesses large and small increasingly seeking insurance to cover their related losses.

The driving force behind Lake Michigan Financial Corp.’s proposed $184.1 million sale to Chemical Financial Corp. represents a contrast to what’s been driving most of the consolidation in the banking industry.

Both sides remain hopeful that they can reach an agreement within the next month that would keep Bronson Methodist Hospital in Kalamazoo and sister hospitals in Paw Paw and Battle Creek in Blue Cross Blue Shield of Michigan’s care network.

New research suggests that West Michigan is losing one of its competitive advantages: its comparatively lower health care costs.

Continuing to grow through acquisitions, Chemical Financial Corp. said it plans to acquire Holland-based Lake Michigan Financial Corp. in a $184.1 million deal.

The Evansville, Ind.-based Old National closed the deal Jan. 1, according to a document filed today with federal securities regulators. The deal for Founders Financial, the parent corporation of Founders Bank & Trust, adds marks Old National’s entry into the Grand Rapids-area market and adds four offices to the Michigan branch network for Old National, which now has 40 offices in the state.

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February 2015
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