Mark Sanchez

Mark Sanchez

Senior writer, covers health care, finance and life sciences. Twitter: @masanche

Forming a new foundation creates greater structure for Mercantile Bank of Michigan’s corporate philanthropy.

The $20 million in capital that West Shore Bank Corp. raised toward the end of 2021 will go to support further commercial loan growth.

If it’s money that matters most when people look for work or to relocate for a new job, then West Michigan may be at a disadvantage in competing for the coveted talent needed to drive economic growth.

 Hospitals and their medical personnel who are already deeply strained from high patient volumes face an even tougher time in the weeks ahead as COVID-19 cases rise and hospitalizations reach new peaks.

Business advocates hailed Thursday’s U.S. Supreme Court ruling that halted President Joe Biden’s vaccine mandate for larger employers.

GRAND RAPIDS — Spectrum Health plans to spend $151 million to develop three new outpatient medical centers in downtown and rural markets north of Grand Rapids.

Michigan is poised to see a “very sharp crest” in the coming weeks in COVID-19 cases and hospitalizations as the delta and omicron virus variants sicken thousands more people in a post-holiday surge, according to state health officials.

LANSING — State economic development officials have approved criteria for corporations to meet when seeking assistance from a new $1 billion fund created last month to lure major projects to Michigan.

GRAND RAPIDS — HealthBar LLC, a provider of health care services to businesses and consumers that include drive-thru clinics and telehealth, is collaborating with marketing agency Deksia LLC on a new shared headquarters.

HASTINGS — Hastings Mutual Insurance Co. President and CEO Joseph Babiak plans to retire on March 31.

KALAMAZOO — Stryker Corp. plans to buy health care software company Vocera Communications Inc. for nearly $3 billion.

GRAND RAPIDS — Insurance and employee benefits agency Lighthouse Group has acquired Gales Agency from Shelby State Bank.

Jerry VanderLugt sees Wall Street with further volatility in 2022. The founder and principal of JVL Wealth Strategies LLC, which recently moved to a new office in Wyoming, VanderLugt spoke with MiBiz about the market in the new year, the prospect of rising interest rates and higher inflation, and where investors are looking to put their money these days.

About 500 people have gone through leadership coaching offered by Leading by Design, a Zeeland-based business that Rodger Price formed in January 2014 to groom a new generation of business leaders in West Michigan and help existing executives improve. Believing the region can become a “hotbed of the best leaders in the country,” Price aims to graduate 1,000 people from the year-long program by 2027. He recently spoke with MiBiz about his outlook on future leaders.

Facility Health Inc.’s sale to a North Carolina software solutions provider is another example of a startup company backed by local investors in West Michigan that led to a successful exit.

Gun Lake Investments started 2022 with a permanent CEO in place and plans to become more active in the market.

GRAND RAPIDS — Spectrum Health can temporarily add another 54 inpatient hospital beds in Grand Rapids should a surge in patients from the COVID-19 pandemic worsen in the coming weeks.

A small Muskegon health plan designed for small businesses has reopened enrollment for the first time in a few years.

MUSKEGON — Mercy Health Muskegon will get federal support to care for a surge in patients hospitalized with COVID-19.

KALAMAZOO — The chief executive officer at Consumers Credit Union plans to retire in mid-2022 after 38 years.

GRAND RAPIDS — Mercy Health and behavioral health care provider Network180 plan to open a crisis center next year in Grand Rapids for people who need immediate care.

The start of 2022 will be a grim one for hospitals.

Spectrum Health looks to close next year on a blockbuster merger with Southfield-based Beaumont Health. T

Praveen Thadani describes his first year as president of Priority Health as “simply exceptional.” In January, he joined the Grand Rapids-based Priority Health — the second-largest health plan in Michigan with 1.1 million members.

Michigan’s economy and jobs are expected to continue to recover in 2022 from the deep downturn last year resulting from the COVID-19 pandemic.

The latest coronavirus variant to emerge in a nearly two-year pandemic creates further uncertainty for the U.S. economy in 2022, although economists generally expect continued strong growth.

The new year could bring a continued acceleration of M&A in the banking industry.

College seniors graduating this winter or next spring can expect a stronger job market than last year as they seek to join the workforce.

State lawmakers passed a landmark incentive bill last week that “sends a powerful signal” and gives Michigan new tools to compete with other states for major projects, according to the state’s top economic development official. Lawmakers and the Whitmer administration worked out details for the $1 billion Strategic Outreach and Attraction Reserve Fund following Ford Motor Co.’s announcement in September to invest $11.4 billion and create 11,000 jobs in Tennessee and Kentucky to build facilities that manufacture both electric vehicles and batteries.

Grants totaling $150,000 from Bank of America to the West Michigan Hispanic Chamber of Commerce will support internal staff development and ongoing initiatives to support Latino-owned businesses in 2022.