Macatawa Bank Corp. (NASDAQ: MCBC) further improved operations during 2013, although net income was down sharply from the prior year due to major on-time gains in 2012. Lody Zwarensteyn moved up his departure as president of the Alliance for Health in Grand Rapids to March 1.
Harbor Springs-based Decka Digital LLC has purchased the assets of Digital Printing Inc. of Petoskey, according to a joint statement from both firms.
Zeeland-based Gentex Corp., a Tier I supplier of auto-dimming mirrors and automotive electronics, ended the 2013 fiscal year with the first debt on its books — $265.6 million — that it’s seen in more than 15 years as the company financed a portion of its acquisition of the HomeLink business from Johnson Controls Inc.
Randy Thelen is departing Lakeshore Advantage after 10 years at the organization for what he calls a “terrific professional opportunity” leading economic development in Omaha, Neb.
Chemical Financial Corp. (NYSE: CHFC) today reported record annual earnings of $56.8 million for 2013, or $2.00 per diluted share, versus $51.0 million, or $1.85 per diluted share, in 2012.
Walker-based retail giant Meijer Inc. plans to build a 200,000-square-foot superstore in Alpena, according to a report in The Alpena News. Rockford Construction Co. Inc. hopes to break ground on the project by May 1 and complete construction by April 2015, the report stated.
Stryker Corp. grew sales to $9.02 billion in 2013, a 4.2-percent increase from 2012. Fourth quarter sales for the Kalamazoo-based Stryker increased 5.6 percent to $2.46 billion, the company reported yesterday afternoon.
Mercantile Bank Corp. ended 2013 with higher earnings. The Grand Rapids-based Mercantile Bank (NYSE: MBWM) this morning reported quarterly net income of $5.1 million, or 59 cents per share, which compares to $3.0 million, or 35 cents per share, in the fourth quarter of 2012.
Michigan’s two largest regional health exchanges plan to merge. The Grand Rapids-based Michigan Health Connect and Great Lakes Health Information Exchange in East Lansing signed a letter of intent last week to merge operations and begin a due-diligence period that’s expected to wrap up by the end of March.
Edgewater Bancorp Inc. completed a $6.7 million stock offering that a converted the St. Joseph-based bank from a mutual savings and loan to a stock corporation.
Huron River Ventures, an early stage venture capital firm with offices in Grand Rapids and Ann Arbor, participated in a $4 million Series A round of financing for FarmLogs, a technology startup that helps farmers digitally manage their farms.
Metro Health is planning a major addition at its hospital campus in Wyoming. Work begins later this month on the planned 99,400-square-foot professional office building that’s targeted for completion in early 2015.
Kentwood Office Furniture (KOF) has expanded its manufacturing capabilities with its acquisition of Brys Industries, a supplier of wood products and components.
Holland-based storage and organization systems provider The Stow Company has acquired Distinctive Wine Cellars, Inc (DWC). of Indianapolis. The acquisition is part of The Stow’s Company’s growth plan to expand its wood-based product lines for every area of the home, according to a release.
Michigan Commerce Bank changed its name to Talmer Bank West following the acquisition by Troy-based Talmer Bancorp Inc.
Chicago-based insurance brokerage Hub International Limited acquired Pinnacle Insurance Partners of Grand Rapids, according to a statement. The Pinnacle operations and employees will become a part of Hub’s Midwest East division in Grand Rapids.
Contract research organization CeeTox Inc. of Kalamazoo was acquired by Apredica LLC, the U.S.-based subsidiary of the U.K. firm Cyprotex PLC, for 630,000 pounds – about $1 million – plus a consideration of 5 percent based on net sales in the next four years, according to a statement.
Kalamazoo-based Stryker Corp. (NYSE: SYK) announced it had entered a definitive agreement to acquire Patient Safety Technologies Inc. (OTCBB:PSTX) of Irvine, Calif. for $120 million. The company conducts business via its wholly owned subsidiary, SurgiCount Medical Inc.
Grand Rapids-based factory and warehouse systems provider Dematic acquired Upturn Solutions of Bigfork, Mont., according to a statement. Upturn Solutions is a provider of computerized maintenance management systems for distribution, manufacturing and other users.
Management for MVP Sports Clubs today announced a final detailed plan for the former Orchard Hills Swim and Sports Club at 115 Crahen Ave in Grand Rapids.