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HealthBiz

In an industry notorious for long — and expensive — development cycles, Tetra Discovery Partners LLC has a decided edge: a burn rate of almost zero, according to its founder.

GR SmartZone changes begin to take shape

Written by | Sunday, 25 November 2012 23:10 |

A change in the administrative structure for the Grand Rapids SmartZone brings with it a greater emphasis on growing the region’s medical device sector.

Executives bill the planned move of Kalamazoo’s largest physician practice into Bronson Healthcare Group as smoothing the way for both to meet the new demands of a changing health care industry.

Priority Health, MiBiz and Crain's Detroit Business recognize the 2012 Michigan Healthiest Employers.

Self-funded plans grow

Written by | Sunday, 11 November 2012 16:59 |

Self-funded health insurance plans used to be something that only larger employers considered, but increasingly, the big companies are not alone.

Bronson acquires K’zoo physician group

Written by | Monday, 05 November 2012 08:00 |

The Kalamazoo area’s largest group physician practice will become part of Bronson Healthcare Group.

In a two-day span this month, the consolidation wave that’s rolling over the health care industry in America swept into West Michigan, bringing with it the potential to re-shape the local marketplace.

Further action on transitioning Blue Cross Blue Shield of Michigan to a not-for-profit mutual insurer won’t come until after the November election, giving those who object to the current version of the legislation time to lobby for more changes.

KALAMAZOO – Privately held biotechnology firm Tolera Therapeutics Inc. said it has raised $5.5 million from Hopen Life Science Ventures, Triathlon Medical Ventures Partners and the SWMF Life Science Fund.

KALAMAZOO -- Medical device maker Stryker Corp. said Tuesday that it reached a deal to buy privately held Surpass Medical Ltd. for $100 million in cash, plus up to $35 million in milestone payments.

WYOMING -- Following the trend toward consolidation in health care, Wyoming, Mich.-based Metro Health is looking for a partner that could give it the size and capital needed to better compete during an era of rapid change in the industry brought on by reforms.

Saint Mary’s Health Care in Grand Rapids and Muskegon’s Mercy Health Partners would become part of a far larger health system under the potential combination of parent company Trinity Health with Newtown Square, Penn.-based Catholic Health East.

Spectrum broadens neuroscience specialties

Written by | Saturday, 13 October 2012 22:45 |

The expansion of an inpatient unit to monitor epilepsy patients at Butterworth Hospital is part of a broader, long-range plan by Spectrum Health to growth medical services in the neurosciences.

In exploring a potential partnership, the Ludington-based Memorial Medical Center of West Michigan may join a growing consolidation movement that’s driven by major changes in the health care industry.

Priority Health appoints Freed CEO

Written by | Sunday, 30 September 2012 10:07 |

Mike Freed is moving into the CEO position at Priority Health as just about everything in health care is changing.

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