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Mark Sanchez

Mark Sanchez

Senior Writer

[email protected]

WEST MICHIGAN — Following their venture capital brethren, angel investors in Michigan are putting more money into more deals, a sign of a steadily improving economy and the
maturation of existing angel networks.

After two years of making fewer investments, angel investors put $9.5 million into 50 deals in Michigan in 2011, according to a recent annual report from the Michigan Venture Capital Association. The data show 2011 was one of the best years ever for angel investing in Michigan and easily surpassed the activity of the previous four years. 

WEST MICHIGAN — Bob Bockheim can't quite put a finger on exactly what's going on right now or why, although he agrees with his colleagues that global economic uncertainty is probably to blame.

Nucraft Furniture Co., a maker of high-end office furniture and conference tables, started off 2012 strong but has since seen business slow as the industry approached midyear.

WEST MICHIGAN — Business owners who haven't already been planning ahead for federal health reform better get going, experts on the law say.

The U.S. Supreme Court ruling largely upholding the federal Affordable Care Act heightens the need for employers that have not already done so to begin planning for how they'll comply with provisions in the law.

WEST MICHIGAN — Setting an aggressive goal, Herman Miller Inc. wants to grow annual sales by a half-billion dollars within the next three years.

One of the targeted investments Herman Miller plans to make to achieve the goal that President and CEO Brian Walker outlined in a recent conference call is developing a new distribution channel and sales structure "to better enable us to serve small business customers," a market segment that large office furniture makers have had difficulty penetrating in the past.

WEST MICHIGAN — Just because you believe you have an idea for the world's next greatest gadget doesn't mean you should immediately run out and try to get a patent. 

The new satellite patent office in Detroit is the first of four new locations planned around the nation to spur innovation and creativity. 

KALAMAZOO — The Kalamazoo Regional Chamber of Commerce will set up a search committee soon to begin looking for a new leader.

WEST MICHIGAN — This morning’s U.S. Supreme Court ruling largely upholding the federal Affordable Care Act heightens the need for employers that have not already done so to begin planning for how they’ll comply with provisions in the law.

WEST MICHIGAN — Rarely does a hospital CEO welcome the opportunity to have fewer beds filled with patients and perform fewer diagnostic tests.

It seems counter to one's business interests. Yet Roger Spoelman is outright excited about that prospect occurring under a new deal with Blue Cross Blue Shield of Michigan that bases payments to hospitals and doctors on how well they do their jobs — including keeping people out of the hospital.

Friday, 08 June 2012 23:17

MFB grows state network

WEST MICHIGAN — The latest addition to Mary Free Bed Rehabilitation Hospital's statewide care network may very well transition into an acquisition and potentially lead to further expansion in the region.

Under a letter of intent between the two, Mary Free Bed can acquire a controlling stake in the Southwest Regional Rehabilitation Center in Battle Creek at any time. At this point, Mary Free Bed is proceeding with the notion that an acquisition will eventually occur, CEO Kent Riddle said.

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