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Spectrum Health was among a dozen members to join a consortium of health systems across the nation that plan to produce their own generic medications to address a shortage.

Professionals expect a vibrant M&A market and strong deal flow this year amid easing U.S. economic growth and rising interest rates.

small private equity firm started in Southern Michigan plans to invest in a niche area most investors ignore. In targeting small manufacturers in small towns and other rural markets across the state, Parma-based Fresh Water Ventures Fund LP seeks to acquire small businesses and maintain operations in their hometowns.

M&A professionals expect the dealmaking market to remain healthy in 2019. That’s one of the conclusions from a panel of executives MiBiz assembled to talk about West Michigan’s mergers and acquisitions sector.

CALEDONIA — In the more than five years since Greg Williams founded the company, Acrisure LLC has become the most prolific acquirer of independent insurance agencies in the U.S.

After 22 years with The Right Place Inc., Rick Chapla has stepped down and moves into the next phase of his career. Chapla focused on behind-the-scenes efforts to help public and private sector projects become reality, often serving as a conduit for connecting people. Chapla, who got his start in planning and economic development in Muskegon more than three and a half decades ago, spoke with MiBiz about how West Michigan has changed throughout the years and what he has planned next. 

Physicians practicing in three primary care areas no longer have to maintain board certification to earn or renew a medical license in Michigan, or to get paid by health insurers.

Passage of the 2018 Farm Bill provides much-needed certainty and support — and not just for Michigan farmers. The Agriculture Improvement Act of 2018, commonly known as the Farm Bill, is a multi-faceted piece of legislation that affects Michigan’s farmers and farm workers, equipment manufacturers, food processing businesses, retailers, and many other people across the state.

For about $21 million, Michigan can build a statewide network of electric vehicle fast-charging stations to meet anticipated demand by 2030.

West Michigan-based contract furniture makers Steelcase Inc. and Herman Miller Inc. expect to maintain sales momentum going into 2019.

The proposed sale of a site on the west bank of the Grand River could offer the property’s next owner a chance to fulfill some community goals for the city’s waterfront.

The $8 million in capital West Michigan Community Bank just raised will go to support further growth and perhaps develop another branch location in the Grand Rapids area.

Executives at nonprofit development organizations think the dissolution of the Kent County Land Bank Authority will affect their operations, even if some of the specific effects will remain unknown until the agency is officially closed.

Now that all adults in Michigan can legally use marijuana, employers are weighing how the new law — and misunderstandings about it — could affect their workforces.

The $77 million investment in Ablative Solutions Inc. ranks as the largest known venture capital deal ever in Michigan, possibly helping draw more attention to the state’s life sciences research and development. 

Business and environmental groups were equally surprised at one of Rick Snyder’s final acts as Michigan governor: Signing a bill making it more difficult for state agencies to adopt rules stricter than federal regulations. But while environmental groups say the move jeopardizes natural resources and public health, business advocates downplay the concerns.

Mary Free Bed Rehabilitation Hospital would expand its presence in northern Michigan under a new joint operating agreement with Munson Healthcare in Traverse City.

Allegan General Hospital and its parent health system would become part of the largest nonprofit health system in the U.S. with the proposed acquisition by Ascension.

Hines Corp., a family-owned industrial holding company, has divested its Ohio-based Hines Specialty Vehicle Group.

Historically low unemployment rates could pose challenges for Michigan nonprofits looking to hire highly-qualified workers. Just as in other sectors of the state economy, the nonprofit industry also faces its share of talent constraints, according to people focused on hiring and preparing individuals for careers in the sector.

The Greenwich Hospitality Group has acquired a northern Michigan beachside resort hotel.

Ascension Michigan today named Peter Bergmann as president of Ascension Borgess.

Two department store properties in West Michigan will hit the auction block this month.

Ablative Solutions Inc. secured $77 million in financing that ranks as the largest known venture capital deal ever in Michigan.

The acquisition of an animal genomics laboratory in Alberta will position Neogen Corp. to more rapidly grow its business in Canada.

Readers of MiBiz.com voted with their clicks in paying the most attention to news scoops related commercial real estate projects across West Michigan.

The Hinman Co. is expanding its property holdings with the acquisition of a downtown Kalamazoo building.

KALAMAZOO — A market aims to “fill the void of groceries” for those living in downtown Kalamazoo.

Joan Budden looks at 2019 as a year to keep pushing for greater affordability and accessibility in health care. The president and CEO of Grand Rapids-based health plan Priority Health welcomes the greater attention and scrutiny that arose in 2018 for prescription drug costs that are becoming a major cost burden for health insurers and employers. She expects the trend to greater price transparency and consumerism to further take hold for the industry in 2019.

Mary Free Bed Rehabilitation Hospital goes into 2019 with a new partner after signing a collaboration agreement in November with Spectrum Health to work together on research and coordinating patient care. The Grand Rapids rehabilitation hospital also formalized a research partnership with the University of Michigan Health System, and toward year’s end acquired the in-home skilled nursing services unit from Sunset Retirement Communities and Services. Looking ahead to 2019, President and CEO Kent Riddle sees a continuation of the high growth that Mary Free Bed has experienced in recent years since forming a statewide care network.

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