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Monday, 02 September 2013 22:23

MiBiz Growth Report: Sept. 3, 2013

Written by  MiBiz Staff
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Here is the MiBiz Growth Report for Sept. 3, 2013:

Senator Debbie Stabenow (D-MI) announced a new job training program on Tuesday. The New Skills for New Jobs Act seeks to provide a federal match to double the number of workers and businesses that can participate in the Michigan New Job Training Program, a program in place since 2008 that trains workers with the necessary skills for high-tech jobs. [4:55 p.m.]

On Aug. 28, the newly launched Downtown Grand Rapids Inc. released a request for proposal for a consultant to help the organization map the next 15 years of downtown planning in Grand Rapids. The goal is to identify short, middle and long-term investments that are expected to become DGRI’s future work plan, according to the release. A timeline in the RFP to complete the Downtown Plan is estimated at nine to 14 months. The application deadline is Oct. 6. [4:55 p.m.]

M&A: Grand Rapids-based Michigan Rehabilitation Specialists has been acquired by ATI Physical Therapy of Bolingbrook, Ill. Michigan Rehabilitation Specialists, which has 32 clinics across the state, including a Kentwood location, will change its name over the next nine months. The deal includes the company’s partners, Excel Rehabilitation Services and Quantum Physical Therapy. More than 300 employees of Michigan Rehabilitation Specialists will join ATI. Financial terms of the transaction were not released. ATI Physical Therapy operates more than 250 clinics in Illinois, Indiana, Wisconsin, Michigan, Ohio, Maryland, Pennsylvania and Delaware. The company specializes in physical therapy, work conditioning, hand therapy, aquatic therapy, sports medicine, and women’s health.

Expansion: Earth-moving equipment and crews are currently at work to prepare a parking facility expansion at Gun Lake Casino in Wayland. John Shagonaby, CEO for the Gun Lake Tribal Gaming Authority, told MiBiz in a statement that the expansion should be completed in the next couple of months. The new parking facility is not the start of a broader expansion project MiBiz reported on in April as the tribe sought wetlands mitigation approval from the U.S. Army Corps of Engineers, officials said. In its application to the Corps, the tribe said it wanted to construct additional gaming space, a hotel tower, parking garage, cinema, bowling alley and spa.

Expansion: Funky Buddha Yoga Hothouse is adding a third studio at 820 Forest Hills Avenue SE in the new Forest Hills Center, said co-founder Chris Reinbold. The 2,500-square-foot Forest Hills location will have a capacity of 60 yogis per class. In addition to the new development’s amenities, Reinbold said area demographics and a large contingent of clients already coming from the surrounding suburbs were the primary drivers for the expansion.

Expansion: Grand Rapids-based logistics and supply chain management firm Supply Chain Solutions Inc. signed a five-year lease for 70,000 square feet of warehouse space in Carol Stream, Ill. to serve the Chicago market and beyond, the company announced in a statement last month. The firm has an option to increase its space by 70,000 square feet at the site.

Partnership: Kalamazoo-based Landscape Forms Inc., a manufacturer of outdoor furnishings, announced a new strategic partnership with Kojima Signalization and Interiors of São Paulo, Brazil. Under the agreement, Kojima will import, manufacture and distribute Landscape Forms products in Brazil, the company said. No money exchanged hands in the deal, President Richard Heriford said in an email to MiBiz. The partnership fits with Landscape Forms ’global strategy of targeting developing markets and will mark the first time in the company’s history that its products will be sold, serviced and manufactured outside North America,' Heriford stated. Kojima will import the components, manufacture, install and service Landscape Forms products in the country.

Certificate of Need: The Michigan Department of Community Health approved Mercy Health’s plans for a $92.4 million expansion and renovation to consolidate many medical services at one hospital campus in Muskegon and to drive operating efficiencies. The certificate-of-need approval, issued Aug. 23, allows Mercy Health to proceed with the project, which includes relocating surgery, emergency department, cardiac catheterization, and the intensive- and critical-care units to the Mercy Hospital campus from their current location at the Hackley Hospital campus a few miles away. Operating efficiencies generated by the consolidation will save Mercy Health Partners an estimated $18 million annually through improved operating expenses, according to a certificate-of-need application filed in April with the state. The health system would save another $20 million avoiding redundant capital expenses for both campuses, the CON application states. What’s been described as a “high-performing”urgent care center, plus OB/GYN, inpatient behavioral health and inpatient rehabilitation, would remain at the Hackley campus. Great Lakes Specialty Hospital, a provider of long-term acute care, would also continue to lease space at Hackley.

Certificate of Need: The state also approved a CON for Metro Health to open a $13.8 million outpatient surgical center in a vacant medical office building on Cascade Road near I-96. Metro would initially lease a little more than 21,000 square feet with three operating rooms. In its CON application to the Department of Community Health, Metro Health projected doing 3,420 outpatient surgical procedures at the new center in the first year of operations and 3,454 in the second year. The department issued a CON to Metro on Aug. 20.

Read 2405 times Last modified on Tuesday, 03 September 2013 16:56

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