Before Spectrum Health grew into what it has become today, Rick Breon first had to tackle a fundamental issue that he saw standing in the way: culture.
Here is the MiBiz Growth Report for April 30, 2018.
• M&A: New York City-based Standard Media Group LLC, a new investor-backed media company, has entered into a definitive agreement with Sinclair Broadcast Group Inc. of Hunt Valley, Md. to acquire Grand Rapids-based Fox 17 WXMI and eight other stations around the country. The $441.7 million cash deal would create a new media company affiliated with Standard General LP, an SEC-registered investment adviser that manages capital for public and private pension plans, endowments, foundations, and high net worth individuals. The deal, which is subject to regulatory approval, is expected to close in conjunction with the Sinclair-Tribune transaction. As MiBiz previously reported, Sinclair is trying to appease government regulators in a bid to finalize its $3.9 billion acquisition of Chicago-based Tribune Media Co., which currently owns Fox 17.
The $50 million Health Pointe medical center that opens next week follows the same model that Spectrum Health has used over the years to develop other outpatient campuses across West Michigan.
HOLLAND — Holland Hospital plans to begin work early next year on a $14.5 million expansion of its birthing unit to accommodate more newborn deliveries.
ZEELAND — On the heels of opening an outpatient surgery center in Grand Rapids in February, a California firm has set its sights on developing another facility in West Michigan.
Mercy Health Saint Mary’s in Grand Rapids, Holland Hospital and Spectrum Health Zeeland Community Hospital rank among the top hospitals in the U.S. for 2017.
GRAND HAVEN TOWNSHIP — Spectrum Health and Holland Hospital collectively put $130,000 in cash toward what was billed as an information and education campaign on a ballot question in the township where the two are developing a medical campus.
As final details come together for combining with the University of Michigan Health System, Metro Health is proceeding with development of a $6 million clinic to treat vascular disease.
The medical campus under construction west of Rockford in northern Kent County follows a move by Spectrum Health to concentrate care across its footprint into one-stop locations.
Metro Health can now begin performing angioplasty on an elective basis after earning state approval.