rss icon

Stryker Corp. grew sales to $9.02 billion in 2013, a 4.2-percent increase from 2012. Fourth quarter sales for the Kalamazoo-based Stryker increased 5.6 percent to $2.46 billion, the company reported yesterday afternoon.

Mercantile Bank Corp. ended 2013 with higher earnings. The Grand Rapids-based Mercantile Bank (NYSE: MBWM) this morning reported quarterly net income of $5.1 million, or 59 cents per share, which compares to $3.0 million, or 35 cents per share, in the fourth quarter of 2012.

Michigan’s two largest regional health exchanges plan to merge. The Grand Rapids-based Michigan Health Connect and Great Lakes Health Information Exchange in East Lansing signed a letter of intent last week to merge operations and begin a due-diligence period that’s expected to wrap up by the end of March.

Edgewater Bancorp Inc. completed a $6.7 million stock offering that a converted the St. Joseph-based bank from a mutual savings and loan to a stock corporation.

Huron River Ventures, an early stage venture capital firm with offices in Grand Rapids and Ann Arbor, participated in a $4 million Series A round of financing for FarmLogs, a technology startup that helps farmers digitally manage their farms.

Metro Health is planning a major addition at its hospital campus in Wyoming. Work begins later this month on the planned 99,400-square-foot professional office building that’s targeted for completion in early 2015.

Kentwood Office Furniture (KOF) has expanded its manufacturing capabilities with its acquisition of Brys Industries, a supplier of wood products and components.

Holland-based storage and organization systems provider The Stow Company has acquired Distinctive Wine Cellars, Inc (DWC). of Indianapolis. The acquisition is part of The Stow’s Company’s growth plan to expand its wood-based product lines for every area of the home, according to a release.

Michigan Commerce Bank changed its name to Talmer Bank West following the acquisition by Troy-based Talmer Bancorp Inc.

Chicago-based insurance brokerage Hub International Limited acquired Pinnacle Insurance Partners of Grand Rapids, according to a statement. The Pinnacle operations and employees will become a part of Hub’s Midwest East division in Grand Rapids.

Contract research organization CeeTox Inc. of Kalamazoo was acquired by Apredica LLC, the U.S.-based subsidiary of the U.K. firm Cyprotex PLC, for 630,000 pounds – about $1 million – plus a consideration of 5 percent based on net sales in the next four years, according to a statement.

Kalamazoo-based Stryker Corp. (NYSE: SYK) announced it had entered a definitive agreement to acquire Patient Safety Technologies Inc. (OTCBB:PSTX) of Irvine, Calif. for $120 million. The company conducts business via its wholly owned subsidiary, SurgiCount Medical Inc.

Grand Rapids-based factory and warehouse systems provider Dematic acquired Upturn Solutions of Bigfork, Mont., according to a statement. Upturn Solutions is a provider of computerized maintenance management systems for distribution, manufacturing and other users.

Management for MVP Sports Clubs today announced a final detailed plan for the former Orchard Hills Swim and Sports Club at 115 Crahen Ave in Grand Rapids.

Grand Rapids-based Meritage Hospitality Group, Inc. (OTCQX: MHGU), the operator of many Wendy’s around Michigan, has acquired one of the national fast food chain’s restaurants in Jacksonville, Fla.

Kara Wood, the economic development director for the city of Grand Rapids, has been re-elected to the Michigan Economic Developers Association (MEDA), a coalition of economic developers from around the state.

While the fates of both the East Hills Athletic Club and the Michigan Athletic Club appear determined to close down, two new Planet Fitness franchises are set to open at the Centerpointe Mall and Rivertown Center in suburban Grand Rapids. Both clubs will be open and fully staffed 24 hours, seven days a week.

A semi-annual outlook predicts strong job growth in the first half of 2014 in the formation technology sector. Two-thirds of companies responding to a survey by Holland-based Paragon Recruiting said they planned to add I.T. staff in the next six months.

A semi-annual survey by Lansing-based worker’s compensation company Accident Fund Co. shows more small and mid-sized business leaders believe the Michigan economy is moving in the right direction. Michael A. Dunlap & Associates in Holland has signed on with a London colleague to collaborate for analytical reports on the office furniture industry.

Comstock Park-based Integrated Packaging Machinery (IPM), a maker of automated machinery for the dairy, food and beverage industry, today broke ground on a new 23,600 square foot facility in Rockford.

Page 117 of 130

Breaking News

September 2018
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Follow MiBiz