Displaying items by tag: Mary Free Bed Rehabilitation Hospital

GRAND RAPIDS — With a new project, Mary Free Bed Rehabilitation Hospital and the University of Michigan are laying the foundation for further research collaborations. 

GRAND RAPIDS — Nearly four years after forming a research center, Mary Free Bed Rehabilitation Hospital wants to focus more on exploring and developing potential new therapies to treat patients.

GRAND RAPIDS — With construction of the $37.5 million Raleigh J. Finkelstein Hall and work set to begin later this year on another facility along the Medical Mile, Grand Valley State University expects to expand its health care programs.

Mary Free Bed Rehabilitation Hospital formed a joint venture to provide rehab care for Saginaw-based Covenant HealthCare.

GRAND RAPIDS — In a move to build a broader talent pool for future candidates, Mary Free Bed Rehabilitation Hospital began a medical residency program this summer to help groom new doctors specializing in treating patients with traumatic injuries.

GRAND RAPIDS — Agility Health Inc. expects to complete a debt restructuring by this fall that would deleverage the company so it can get back to growing again and achieve profitability.

After completing most of a $66.4 million renovation and expansion in 2016, Mary Free Bed Rehabilitation Hospital looks to 2017 as a year to finish the project and to reach out further into new markets in Michigan. Mary Free Bed has five contracts with hospitals in Muskegon, Kalamazoo, Traverse City, Lansing and Pontiac to provide inpatient rehabilitative care. The Grand Rapids-based rehab hospital is “just thriving right now as an institution in every way you can measure” and presently is holding discussions with a half-dozen acute-care hospitals to join its care network, CEO Kent Riddle told MiBiz. 

Mary Free Bed Rehabilitation Hospital exceeded a $16 million fundraising goal by nearly $1 million to support the recent expansion and renovation at its Grand Rapids campus.

Here is the MiBiz Growth Report for June 13, 2016.

• M&A: National Coatings Inc. in Traverse City was acquired by Color Masters Painting of Raleigh, N.C. Terms of the deal were not disclosed. Established in 1996, National Coatings is a commercial and industrial painting company. Color Masters employs 120 people and will add 160 employees with the acquisition as it targets 2017 sales of $30 million, according to owner and founder Zeb Hadley. M&A firm Calder Capital LLC in Grand Rapids represented National Coatings and sourced the buyer.

Mary Free Bed Rehabilitation Hospital in Grand Rapids and Troy-based Residential Home Health formed a joint venture to provide home care in West Michigan.

BATTLE CREEK — The former Southwest Regional Rehabilitation Center Inc. has settled claims that it improperly billed Medicare for care that was later ruled to be medically unnecessary.

GRAND RAPIDS — Backed by a recent $2 million capital raise, a startup Grand Rapids-based digital health company plans to expand its sales force and further develop its software that allows patients to receive virtual care at home. 

A Pennsylvania provider of rehabilitation and long-term care still wants to enter the Michigan market after pulling out of the potential acquisition of the former Southwest Regional Rehabilitation Center facility in Battle Creek.