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Mark Sanchez

Mark Sanchez

Senior Writer

msanchez@mibiz.com

Grand Rapids-based Steelcase (NYSE: SCS) this week reported preliminary sales of $772 million for its third quarter of the 2018 fiscal year. That compares with sales of $787 million for the same three-month period a year earlier, and with the company’s expectations for sales of $785 million to $810 million.

Michigan rates far better today than nearly two decades ago for having a knowledge-based economy.

Priority Health and Blue Care Network each reported strong bottom lines through the third quarter of 2017, although financial officers at both plans caution their results could retreat by year’s end.

Many employers adopt emergency preparedness plans and train employees how to react in crisis situations like a building fire or when the company faces an imminent threat of severe weather.

The federal research grants that Dr. Tom Rothstein and a colleague brought along when they came to Kalamazoo represent a milestone of sorts for the Western Michigan University Homer Stryker M.D. School of Medicine.

West Michigan private equity firm Auxo Investment Partners has moved into the transport business with the acquisition of a New Orleans-based barge company.

Independent Bank Corp. would extend its presence in northwestern Lower Peninsula with the proposed acquisition of TCSB Bancorp Inc. in Traverse City.

McLaren Health Care Corp. plans to develop a new $450 million, 240-bed hospital in Lansing and expand a research and education partnership with Michigan State University.

Thursday, 30 November 2017 11:07

Cherry Health CEO to retire in 2018

The longtime CEO of Cherry Health in Grand Rapids plans to retire at the end of the first quarter next year.

Angel investors offer a potential option for an entrepreneur behind an innovation or startup business who needs capital to take off. Michigan now has 10 angel investment groups, including Muskegon Angels and Holland-based Grand Angels, which this summer formed an affiliate in Kalamazoo, Ka-Zoo Angels, and looks to add others around the state. The 10 groups combined had more than 340 members at the end of 2016. MiBiz spoke with Grand Angels President Tim Parker about what angel investors seek in an investment prospect and the advice for startup companies that may be considering an angel investment.

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