MACKINAC ISLAND — It’s been nearly one year since Kalamazoo became a “laboratory” for a new form of philanthropy-backed municipal finance.

Published in Economic Development

MATTAWAN — The proposed sale of MPI Research Inc. to Charles River Laboratories International Inc. for $800 million would end local ownership for a company that’s one of the largest employers in the greater Kalamazoo area.

Published in Breaking News

MPI Research Inc. is selling to rival Charles River Laboratories International Inc. for $800 million in cash.

Published in Breaking News

KALAMAZOO — About a year ago, William Johnston and Bill Parfet, two local businessmen with long-time connections to Southwest Michigan, approached the city of Kalamazoo with a potentially transformational proposal.

Published in Breaking News

If Mark Gurney can’t find the capital he needs in Michigan, his drug development firm is poised to look for it elsewhere.

Published in Health Care

In a message to suppliers and study sponsors announcing his retirement, the 69-year-old Parfet, who founded the company 20 years ago, wrote that the Mattawan-based MPI Research will soon become the fourth largest pre-clinical contract research organization with about 1,300 employees and annual revenues of nearly $200 million.

Published in Breaking News