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Mark Sanchez

Mark Sanchez

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

The Michigan Economic Development Corp. has selected Quentin Messer Jr. from New Orleans as its next CEO.

 ALLEGAN — Perrigo Co. plc intends to sell its Mexico and Brazil-based over-the-counter business to Boston-based global private equity firm Advent International.

Michigan’s economy should record “significant expansion” in 2021 after last year’s decline from the COVID-19 pandemic, although a global shortage of computer chips is “choking off” auto production during a period of high demand, according to a new economic outlook.

GRAND RAPIDS — The Grand Rapids Area Chamber of Commerce today urged Gov. Gretchen Whitmer to update state restrictions after the U.S. Centers for Disease Control and Prevention said people who are fully vaccinated against COVID-19 can go maskless in most indoor settings.

West Michigan’s industrial economy grew at a “significant pace” in April, although rising prices and material shortages continue to pose worries for purchasing managers.

ALLEGAN — A sales spike in the early weeks of the COVID-19 pandemic followed by a mild flu season during lockdown restrictions reduced Perrigo Co. plc’s quarterly sales to start 2021.

Michigan hit the first milestone Monday in Gov. Gretchen Whitmer’s plan to ease COVID-19 restrictions as vaccination thresholds are met.

Federal legislation advancing through Congress this session could lead to more banks serving marijuana-related businesses in the U.S. and Michigan.

Michigan’s venture capital industry made modest strides in the last few years to create greater diversity within its ranks and in the number of startups run by women or minorities that receive investments.

Bank lending for commercial real estate and development held steady through the first quarter as some sectors experienced high demand and others remained somewhat soft as the COVID-19 pandemic surpassed a year.

Bill Manns started as president and CEO at Bronson Healthcare on March 30, 2020. 

GRAND RAPIDS — The West Michigan Vaccine Clinic at DeVos Place downtown closes in two weeks after delivering nearly 250,000 doses in four months to people who sought COVID-19 vaccinations from as far away as the Upper Peninsula, Illinois, Indiana and Ohio.

A state lawmaker from Grand Rapids wants to create a state panel that could review large price increases for prescription drugs in Michigan.

After taking a year off, Start Garden is bringing back a business pitch competition that awards $1,000 to 100 contestants and $20,000 to 10 finalists.

Friday, 30 April 2021 11:23

Edgewater Bank, UFCU complete merger

ST. JOSEPH — Edgewater Bank branches become part of United Federal Credit Union next week following federal regulatory and shareholder approvals of a merger between the two.

KALAMAZOO — Western Michigan University Homer Stryker M.D. School of Medicine helped add 1,600 mostly private-sector jobs and hundreds of millions of dollars in personal income and sales across the Kalamazoo region in 2020, according to an economic impact study. 

Gov. Gretchen Whitmer has outlined a new plan that lifts restrictions on restaurants, event venues and workplaces as the state meets a series of COVID-19 vaccination thresholds.

More Michigan hospitals than ever earned a top grade in an semi-annual report card on patient safety.

GRAND RAPIDS — Independent Bank Corp.’s first quarter soared from a year earlier, driven in part by a strong mortgage market.

WEST OLIVE — Ottawa County has hired an Ann Arbor-based nonprofit research organization owned by Michigan public universities to analyze local broadband internet service, identify gaps and recommend potential cures.

Spectrum Health’s Butterworth, Blodgett and Zeeland Community hospitals, plus Mercy Health Saint Mary’s in Grand Rapids, are among the top 100 hospitals in the U.S. this year, according to a Fortune/IBM Watson Health ranking released today.

GRAND RAPIDS — Mercy Health’s parent company bought back the American Cancer Society Foundation’s former Hope Lodge building and property across the street from the Saint Mary’s hospital campus in Grand Rapids.

BENTON TOWNSHIP — The Pokagon Band of Potawatomi opened a new medical clinic in Benton Township in Southwest Michigan.

Gilbert Rhode’s vision from nearly a century ago fits today’s changing furniture design landscape as Herman Miller Inc. proposes to buy competitor Knoll Inc.

Burnout was already significant and growing in the medical profession when the COVID-19 pandemic hit and worsened the problem, pushing health systems and care providers to their limits for more than a year.

Pine Rest Christian Mental Health Services faces long odds to successfully challenge a proposed state decision allowing competitor Havenwyck Hospital Inc. to develop a new psychiatric hospital in Kent County.

GRAND RAPIDS — Mary Free Bed Rehabilitation Hospital wants to expand inpatient capacity to keep up with growing patient volumes.

GRAND RAPIDS — A $75,000 investment from an East Lansing-based early-stage investment fund helps move Airway Innovations LLC into the marketplace this spring with a new device to prevent patients from pulling out tracheal tubes.

The health care industry for years has been transitioning to an economic model that pays hospitals and doctors based on how well they do, their quality and medical outcomes for patients, rather than volume or how many procedures they perform.

The COVID-19 pandemic that’s battered the hospitality industry generates an opportunity for Grand Rapids private equity firm Blackford Capital to grow a recently merged portfolio company.