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Mark Sanchez

Mark Sanchez

Senior Writer

msanchez@mibiz.com

Perrigo Co. plc this afternoon rejected a formal takeover from Mylan N.V. and urged its shareholders to do the same.

The Potters Field, England-based Mylan initiated a process under Irish takeover rules to formally offer Perrigo shareholders $60 in cash and 2.2 of Mylan’s ordinary shares for every share they hold, an offer that equates to around $30.0 billion.

Metro Health Corp.’s proposed joint venture with Community Health Systems Inc. gained plenty of public support Thursday, including the endorsement of a health care planning agency and the former head of the Michigan Department of Community Health.

This week’s approval by the Federal Reserve Board came a week before shareholders at the privately-held Lake Michigan vote on April 27 to consider the deal, which would give the Midland-based Chemical Financial (Nasdaq: CHFC) $8.7 billion in combined total assets and $6.9 billion in combined deposits.

Directors at Perrigo Co. plc have rejected a buyout offer from English-based Mylan N.V. citing its own strong growth potential through new product development and from business related to past and future acquisitions.

The English pharmaceutical company that wants to buy Perrigo Co. plc is now the target of an unsolicited buyout offer.

The two this morning finalized a deal where Spectrum Health would take on ownership of the Hastings health system, which would become known as Spectrum Health Pennock. As part of the agreement, Spectrum Health committed $46 million in capital to Pennock and to maintain essential services in Hastings over the next decade.

After more than a decade of private and public investments, the growth in Michigan’s venture capital industry has created a large demand for further investments to increase the available funds and support previously funded startups.

There are many reasons health care costs so much in America. Steve Brill’s explanation: Hospitals and pharmaceutical companies charge way too much and, except for nurses and doctors, the people who run health care in America make too much money.

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