Senior writer, covers health care, finance and life sciences. Twitter: @masanche
Major health systems dropping mask mandates in ‘momentous’ shift of pandemic policy
Several Michigan health systems are mostly dropping mask mandates that they imposed three years ago early in the pandemic, citing a dramatic decline in COVID-19 patients, vaccines and readily available treatments.
Michigan organizations receive $34.3M in federal funds to lend in low- and moderate-income communities
Fifteen Michigan organizations are receiving $34.3 million in federal funding to support lending in low- and moderate-income markets that are still recovering from the pandemic.
Access to credit may tighten, but Michigan banks maintain ‘strong’ health
Michigan’s banking sector remains in good shape, despite the high-profile collapse last month of Silicon Valley Bank in California and New York’s Signature Bank that gave rise to concern about the state of the industry.
Survey finds 39% of Michigan hospital nurses want to quit within a year
While Michigan hospitals had problems retaining nurses even before the COVID-19 pandemic, the situation grew much worse in the first two years of the public health crisis.
Michigan health insurers keeping preventative care coverage despite Texas court ruling
Priority Health and several other health plans in Michigan intend to maintain full coverage for preventative care for now.
West Michigan private jet provider merging with Florida company to expand offerings
CASCADE TWP. — West Michigan private jet service provider Northern Jet Management Inc. plans to merge into a Florida company to create a top-20 private air service provider in the U.S.
Venture capital-backed startups face tighter credit, but not ‘the end of the world’
Silicon Valley Bank’s epic collapse further tightens the environment for venture capital-backed companies planning to raise additional and larger capital rounds in the near future, local investors say.
Blue Cross Blue Shield proposes scaled-back 1% rate increase for small business plans
Blue Cross Blue Shield of Michigan wants to scale back a planned rate increase for small businesses that renew their employee health policies in the latter half of the year.
Physicians at Holland Hospital form JV to improve care for Medicare Advantage patients
HOLLAND — Doctors at Holland Hospital are taking a deeper dive into value-based care through a joint venture with a Texas company.
Canadian sports firm to relocate HQ to Grand Rapids following Carbon River Capital investment
GRAND RAPIDS — A Canadian company that provides timing and other services for endurance sporting events globally will move its headquarters to Grand Rapids as part of an investment from Carbon River Capital LLC.
West Michigan orthopedic practice slams Trinity Health lawsuit as a ‘money grab’
GRAND RAPIDS — Trinity Health Michigan’s federal antitrust case against Orthopaedic Associates of Michigan PC represents a “money grab” that resulted from a business dispute between the two health care organizations.
Grand River Bank taps Drew Ysseldyke as next president
GRANDVILLE — Drew Ysseldyke seized an opportunity to return to his community banking roots in joining Grand River Bank.
Grand Rapids orthopedic surgeons move to Trinity Health as federal lawsuit proceeds against former practice
GRAND RAPIDS — Four surgeons suing their former employer to break non-compete agreements now work for Trinity Health, providing the foundation for building an orthopedic practice for the health system in Grand Rapids.
Perrigo to pitch FDA in May on over-the-counter birth control pill
GRAND RAPIDS — Perrigo Co. plc is now scheduled to make a pitch in May to federal regulators who will decide whether to approve an over-the-counter daily birth control pill for the U.S. market.
Mary Free Bed seeks $30M in public funds for new pediatric facility
GRAND RAPIDS — Mary Free Bed Rehabilitation Hospital hopes to secure additional public funding to finance half the cost for a new $60 million pediatric facility in Grand Rapids.
Auxo adds to Precision Products Group platform with deal for Ohio-based niche manufacturer
GRAND RAPIDS — Private equity firm Auxo Investment Partners has added to a platform of manufacturing companies with a recent deal for Ohio-based Saylor Technical Products LLC.
Pine Rest takes over employee assistance contracts from Cherry Health
GRAND RAPIDS — Pine Rest Christian Mental Health Services has acquired employee assistance program contracts from Cherry Health.
Return-to-office delays, economic pressures weigh on sales for MillerKnoll, Steelcase
Executives at MillerKnoll Inc. and Steelcase Inc. expect that their sales will ease slightly in the months ahead.
Venture capital-backed SPDx eyes nationwide network of med device sterilization centers
GRAND RAPIDS — A startup company backed by West Michigan investors wants to reduce costs at hospitals and outpatient surgical centers by centralizing and managing their sterile processing for surgical instruments.
Grand Rapids mainstay Swift Printing transitions to third-generation leadership
GRAND RAPIDS — Swift Printing Co., a mainstay along Bridge Street on Grand Rapids’ west side for seven decades, has transitioned to a third generation of ownership.
DeVos Children’s Hospital, McLaren partner to expand pediatric care in Lansing
LANSING — Corewell Health’s Helen DeVos Children’s Hospital plans to expand pediatric care in Lansing under an existing partnership with McLaren Health Care.
Michigan family physicians call for more funding to avoid ‘full-blown’ staffing crisis
The group representing 4,300 primary care doctors in Michigan is calling for more public funding to stem a worsening shortage of family physicians, especially in rural markets.
Auto-Wares partners with PE firm Kinderhook, acquires Indiana auto parts distributor
GRAND RAPIDS — The parent company of Auto-Wares LLC, a distributor of aftermarket automotive parts to service centers and more than 200 company-owned stores in the Midwest, has secured an investment from Kinderhook Industries LLC, a New York City-based private equity firm.
Ottawa County explores $27M public-private partnership to deploy broadband countywide
Ottawa County would extend broadband internet service to unserved and underserved areas of the county through a $27 million public-private partnership with a southeast Michigan firm.
Health insurers worry ‘miracle treatments’ will drive up coverage costs
An emerging new generation of cell and gene therapies has insurers concerned about the effect on the cost of health coverage.
Corewell, Pine Rest create new collaborative to address access to mental health care
GRAND RAPIDS — A new partnership between Corewell Health and Pine Rest Christian Mental Services aims to tighten ties between the two organizations to improve access to care in West Michigan.
Muskegon credit union breaks into commercial lending
MUSKEGON — A small credit union on the lakeshore has moved into commercial lending for small businesses.
Michigan banks ‘very well positioned’ to weather economic turbulence
Banks in Michigan entered 2023 in good shape financially and positioned well even if the economy enters into a recession as predicted later this year.
West Michigan lenders lean into due diligence processes ahead of possible downturn
Lenders head toward spring expecting further hikes in interest rates and with increased prospects for a mild economic recession beginning later this year.
Citing public health crisis, care providers step up role against gun violence
Health care providers who have long advocated on behalf of patients and for their profession have become increasingly vocal on another front: gun violence.