Stryker Corp. today completed the acquisition of OrthoSPace Ltd., an Israeli company that developed a treatment for massive, irreparable rotator cuff tears.
GRAND RAPIDS — Along with welcoming new leadership, the Grand Rapids African American Health Institute is preparing to launch a major initiative later this year to bring greater diversity to the region’s health care workforce. Micah Foster became executive director in January at GRAAHI, a 17-year-old nonprofit organization that works to promote parity and eliminate racial disparities in health care. Foster succeeded Shannon Wilson, who in December joined Priority Health as director of Medicaid outreach and quality after leading GRAAHI for eight years.
Blue Cross Blue Shield of Michigan earned $605 million on operations in 2018 across all of its businesses amid enrollment growth and continued moderation in premiums for small business health coverage.
Metro Health-University of Michigan Health launched the Pritikin Intensive Cardiac Rehab program for patients with heart disease.
Mary Free Bed Rehabilitation Hospital and Covenant HealthCare plan to develop a $40.7 million rehabilitation hospital in Saginaw.
A drug developer rooted in Southwest Michigan and backed by investors across the region may pursue an initial public stock offering that could net up to $86.2 million to support further development and commercialization.
The association health plan two business groups formed last fall for small Michigan-based employers has recorded strong enrollment in its early months. TrascendAHP — created in October by the Lansing-based Small Business Association of Michigan and Warren-based Michigan Business and Professional Association — enrolled about 300 small businesses through January. Those companies account for more than 1,400 contracts between TranscendAHP and their employees for health coverage.
GRAND RAPIDS — West Michigan investment banking firm Charter Capital Partners led a $18.3 million financing round in Malvern, Pa.-based Trice Medical Inc. The Series C capital round will go to expand Trice Medical’s commercialization and accelerate the development of its product portfolio.
At first glance, the 2019 Health Check report published by Grand Valley State University seems to suggest that medical innovation in Michigan and nationally slowed dramatically in recent years. But health care and legal experts say the medical patent numbers in the report don’t quite reflect reality. They cite an array of factors that likely drove steep declines from 2014 to 2017 in the number of medical patents issued and assigned, both nationwide and in Michigan.
KALAMAZOO — More than 60 care providers with a Southwest Michigan medical group plan to switch from Ascension Borgess and instead affiliate with Bronson Healthcare next year. The five-year provider service agreement between Portage Physicians P.C. and Bronson takes effect July 1, 2020. The 30 doctors and 32 physician assistants and nurse practitioners who now practice at six Ascension Borgess ProMed offices in the Kalamazoo area will relocate and staff new Bronson offices.