GRAND RAPIDS — Grand Valley State University received a $2.8 million federal grant to train nurse practitioners who will work in rural and underserved markets.
CALEDONIA — Parent company Hill-Rom Holdings Inc. has entered a definitive agreement to sell its Caledonia-based Aspen Surgical business unit to a private equity firm for $170 million in cash.
ALLEGAN — Perrigo Co. plc completed the sale of its animal health business for $185 million to PetIQ LLC, an Eagle, Idaho-based pet health and wellness company.
GRAND RAPIDS — Executives at Ranir Global Holdings LLC put a plan in place four years ago to grow the company and prepare for investors’ eventual exit. By 2018, as the world’s largest producer of private-label store-brand oral care products grew sales and earnings at double-digit rates, management started exploring various options, including the potential for an IPO.
ALLEGAN — The sweeping transformation plan from Perrigo Co. plc President and CEO Murray Kessler aims to return the company to higher sales and earnings growth within a few years. Murray envisions a Perrigo that’s focused on “self-care,” producing products for consumers not only to treat themselves with store-brand, over-the-counter medications but also to maintain their health and prevent illness.
GRAND RAPIDS — Mercy Health Saint Mary’s in Grand Rapids and five Spectrum Health-owned hospitals earned top grades in a semi-annual report on patient safety. Spectrum Health’s Big Rapids, Ludington, Pennock Hospital in Hastings, United Hospital in Greenville and Zeeland Community Hospital joined Saint Mary’s in earning an “A” grade in the spring report card issued by The Leapfrog Group, a Washington, D.C.-based advocate for health care quality and patient safety.
GRAND RAPIDS — Two years ago, the venture capital arm that health system Spectrum Health formed to back innovative health care startups had to go looking for deals because nobody in the field knew it existed. Today, Spectrum Health Ventures LLC faces a much different situation. Investment prospects now often come from referrals by other large health systems across the U.S. that also operate venture capital arms and want co-investors for deals.
KALAMAZOO — Peter Bergmann began his tenure as president at Ascension Borgess three months ago with a host of issues on his plate to manage. Among them is finalizing the proposed acquisition of 25-bed Allegan General Hospital and integrating it into the Kalamazoo-based regional health system, which includes hospitals in Kalamazoo, Dowagiac and Plainwell, as well as outpatient centers and physician offices.
Since deciding last fall to open a psychiatric urgent care center, Pine Rest Christian Mental Health Services President and CEO Mark Eastburg has heard from interested colleagues at care providers in the region asking about the possibility of replicating the model elsewhere.