Mark Sanchez

Mark Sanchez

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

Friday, 03 February 2023 13:07

Acrisure, High Street among top insurance brokerage buyers in North America

Two of the biggest buyers of insurance brokerages in North America — Acrisure LLC and High Street Insurance Partners Inc. — both hail from Michigan.

Thursday, 02 February 2023 15:25

Trinity Health lawsuit alleges ‘monopolistic behavior’ by major West Michigan orthopedic practice

GRAND RAPIDS — Trinity Health and four surgeons want a federal court to invalidate non-compete agreements with Orthopaedic Associates of Michigan, claiming they allow the market’s largest orthopedic practice to essentially hold a monopoly over procedures in Kent County.

Wednesday, 01 February 2023 15:06

Port City Ventures invests in Rolar Products amid expansion to new Muskegon-area plant

MUSKEGON — Private equity and venture capital firm Port City Ventures LLC’s capital investment in Rolar Products Inc. will go to support further growth.

Monday, 30 January 2023 17:03

New ‘one-stop shop’ business incubator at Grand Rapids Innovation Park set to open for tech entrepreneurs

A new business incubator at Michigan State University’s research campus in downtown Grand Rapids offers a new venue for tech entrepreneurs to nurture their innovations.

Sunday, 29 January 2023 18:00

Hispanic Center of West Michigan weighs forming CDFI to serve Latinx community

GRAND RAPIDS — A new community development financial institution could form in West Michigan to support Hispanic entrepreneurs.

Sunday, 29 January 2023 18:00

New initiative helps family business execs hone leadership skills

new training initiative wants to develop better leaders for family-owned businesses in West Michigan.

Sunday, 29 January 2023 18:00

Mercantile, ChoiceOne expand statewide reach with new loan offices

Both Mercantile Bank and ChoiceOne Bank are expanding their geographic reach by opening loan offices in new markets.

Sunday, 29 January 2023 18:00

Health plan expands care network to West Michigan with new Corewell Health contract

Anew deal with Corewell Health West extends Lansing-based Physicians Health Plan’s care network into West Michigan.

Thursday, 26 January 2023 20:50

Michigan Capital Network nets $37.5M toward new VC fund

GRAND RAPIDS — Michigan Capital Network netted $37.5 million to date in its drive to raise $50 million for a fourth venture capital fund, a goal that has doubled since fundraising began in early 2022.

Thursday, 26 January 2023 17:49

Chicago-based CDFI expands reach into West Michigan to support nonprofits

A Chicago organization that provides capital and other support to nonprofits looks to build momentum and reach across the west side of the state after opening an office in Grand Rapids last spring.

Tuesday, 24 January 2023 09:08

New federal exemption unlocks options for small business M&A

A change in federal law opens new options for owners considering the sale of their small business.

Tuesday, 17 January 2023 15:16

Messer to continue leading MEDC under new 4-year contract

Quentin Messer Jr. will remain head of the Michigan Economic Development Corp. under a new four-year contract announced today by Gov. Gretchen Whitmer.

Sunday, 15 January 2023 17:16

Survey: Low pay, child care constraints hold back West Michigan labor participation

People in West Michigan indicate that low pay and the inability to find affordable child care are two key factors keeping them out of the workforce. 

Sunday, 15 January 2023 17:08

VC investments up 9% for Michigan companies, despite declining deal volume

Venture capital investors put more money into Michigan-based companies last year, even as deal volume declined.

Thursday, 12 January 2023 16:04

Davenport University to launch new mental health-focused graduate degrees

CALEDONIA TWP. — Davenport University plans to ramp up academic programs to bring more professionals into the mental health field.

Wednesday, 11 January 2023 20:19

Michigan physicians group wants state to provide financial aid to cope with rising costs

The financial pressures that have many U.S. hospitals and health systems operating at a loss also are battering the finances for physician practices nationwide.

Tuesday, 10 January 2023 15:23

Aspen Surgical taps longtime med device industry exec as new CEO

CALEDONIA — Aspen Surgical Products Inc. has named Steve Blazejewski as CEO as part of an executive succession plan. 

Monday, 09 January 2023 18:05

West Mich. industrial activity ended 2022 on downward trend, survey finds

West Michigan’s industrial economy ended 2022 in a downward trend.

Friday, 06 January 2023 14:58

Proposed FTC rule would ban use of non-competes blocking workers from jobs at competitors

Federal trade regulators want to ban the use of non-compete agreements that some employers use to keep workers from taking a job at an industry competitor.

Friday, 06 January 2023 13:45

LMCU branch workers near Grand Rapids vote to unionize

WYOMING — Workers at Lake Michigan Credit Union’s South Division Avenue branch near Grand Rapids have voted to unionize.

Wednesday, 28 December 2022 16:43

Constance Brown Hearing Centers to become part of Bronson Medical Group

Constance Brown Hearing Centers will become part of Bronson Healthcare next week, allowing for easier collaboration and follow-up care between the two organizations.

Wednesday, 28 December 2022 11:55

After exhausting options to shift costs to employees, companies take a broader view on benefits

Larger employers are taking a broader view of their employee benefits. Rather than consider health benefits separate from other benefits, they now look at them together as an entire package in the total compensation they offer.

Tuesday, 27 December 2022 13:13

Michigan Capital Network exec cites signs of resilience in state’s VC, angel investor community

Coming off what Diane Durance calls a “robust” year in 2022, Grand Rapids-based Michigan Capital Network looks to close fundraising in 2023 on a fourth venture capital fund and grow its network of angel investors.

Monday, 26 December 2022 12:19

U.S. economic resilience bodes well for ‘soft landing’ in case of mild recession 

Economists expect the U.S. to dip into a mild recession around mid-2023, as higher interest rates intended to bring down inflation drag on the economy.

Monday, 26 December 2022 12:11

Improving auto sales should prop up Michigan economy, hold employment steady

The auto industry that historically led Michigan’s economy to fall further than the U.S. in national recessions may actually aid the state during a national economic downturn that many economists predict for 2023.

Thursday, 22 December 2022 16:25

Corewell Health pursues ‘bold vision’ as post-merger integration continues in 2023

Tina Freese Decker led the blockbuster 2022 merger between Grand Rapids-based Spectrum Heath and Beaumont Health in Southfield that created Corewell Health, the largest in-state health system in Michigan with 22 hospitals and about 64,000 employees.

Thursday, 22 December 2022 16:19

Rocked by unprecedented cost pressures, Michigan hospitals face ‘very, very challenging’ outlook

Health systems across Michigan head toward 2023 facing major financial headwinds from an intensifying worker shortage that has sharply driven up labor costs that cut hard into their bottom lines.

Thursday, 22 December 2022 12:37

MillerKnoll, Steelcase expect flat to lower sales this quarter as order rates soften

MillerKnoll Inc. and Steelcase Inc. both expect flat to lower sales for the present quarter going into 2023 amid softer order rates.

Thursday, 22 December 2022 10:20

‘Time will tell’ whether new Sparrow contract boosts Priority Health’s Lansing market share

The new contract with Sparrow Health System provides an opportunity for Priority Health to carve out a much larger presence in the Lansing-area market, although growth may not come easily.

Wednesday, 21 December 2022 18:19

Cannabis banking exec expects Michigan prices to continue falling, more M&A in 2023

Prices in Michigan’s cannabis industry plummeted in 2022, leading to some closures and layoffs, and could fall even further in 2023 as more players enter the business.

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