Health Care

KALAMAZOO — Stryker Corp. said today it has signed a definitive agreement to acquire Mobius Imaging LLC, a Massachusetts-based advanced imaging technology company for about $370 million in cash.

GRAND RAPIDS — Spectrum Health aims to incorporate some of the lessons learned from operating the former Strive primary care and wellness office into its medical practices across West Michigan.

GRAND RAPIDS — Acquiring a Detroit-based HMO gives Priority Health a greater market presence in Southeast Michigan.

GRAND RAPIDS — Spectrum Health wants to become one of the first cardiac care providers in the nation to use an innovative diagnostic device that monitors and warns cardiac patients of an impending heart attack.

GRAND RAPIDS — Priority Health would expand its market presence in Southeast Michigan with the acquisition of Detroit-based HMO Total Health Care Inc.

Allegan General Hospital will become part of Ascension Michigan on Sunday following the signing of a final definitive agreement.

GRAND RAPIDS — Spectrum Health has closed Strive, the primary care medical and wellness practice started in downtown Grand Rapids two years ago that sought to bring a unique care model to the market.

Beneath all of the recent attention-grabbing issues such as escalating pharmaceutical prices, hospital pricing and surprise billing, there lurks what Ken Thorpe says is the real leading cause of ever-rising health care costs in America: Growing incidence rates of chronic illness.

As the state begins to implement new laws allowing adult recreational marijuana use, the Michigan State Medical Society wants a voice in the process.

Small employers who contract with Priority Health for their employee health benefits could pay slightly less for coverage next year.

A new health clinic on the south side of Grand Haven offers basic medical care to employees at three local companies.

Jaime Counterman first worked for Metro Health in a contract marketing position as the hospital relocated from Grand Rapids to Wyoming. After moving into philanthropy and working elsewhere, she returned in early 2016 to work as a fundraiser at the health system’s foundation, and subsequently moved on a year ago to become executive director of Ele’s Place, a nonprofit organization that works with children experiencing grief. Counterman spoke with MiBiz about why she again returned in June as director of the Metro Health-University of Michigan Health Hospital Foundation. 

KALAMAZOO — Bronson Healthcare Group trimmed its workforce this week.

CALEDONIA — A Boston fund’s $170 million cash deal for Caledonia-based Aspen Surgical typifies the growing interest private equity has for investing in health care companies.

GRAND RAPIDS — Grand Valley State University received a $2.8 million federal grant to train nurse practitioners who will work in rural and underserved markets.

CALEDONIA — Parent company Hill-Rom Holdings Inc. has entered a definitive agreement to sell its Caledonia-based Aspen Surgical business unit to a private equity firm for $170 million in cash.

ALLEGAN — Perrigo Co. plc completed the sale of its animal health business for $185 million to PetIQ LLC, an Eagle, Idaho-based pet health and wellness company.

KALAMAZOO — The last time Bronson Methodist Hospital hired a new CEO, the organization operated a single hospital with an assortment of outpatient clinics in the Kalamazoo area.

If a remedy ever comes, The Employers’ Association still wants to offer members an option for employee health coverage.

ALLEGAN — Perrigo Co. plc today closed on the $750 million cash acquisition of Grand Rapids-based Ranir Global Holdings LLC.

GRANDVILLE — West Michigan Dermatology has acquired The Dermatology Center of Grand Rapids PC.

GRAND RAPIDS — As more employers shift to high-deductible health plans, hospitals and doctors have wrestled with collecting the portion of the bill from patients who have not yet met their deductibles. 

GRAND RAPIDS — Spectrum Health Ventures LLC was among the lead investors that invested $10.3 million in Vynca Inc., a Palo Alto, Calif.-based provider of advanced care planning.

GRAND RAPIDS — The planned acquisition of a Detroit-area third-party benefits administrator will give Priority Health a greater ability to pursue business with employers that self-fund their health benefits.

A new medical device company in Kalamazoo plans to begin building a business around a product acquired from Stryker Corp. to treat a painful and potentially life-threatening condition.

GRAND RAPIDS — Since September 2017, Metro Health – University of Michigan has signed up 20 employers that contract directly with the health system to provide medical care for some 4,000 employees and their dependents.

KALAMAZOO — Frank Sardone, the long-time president and CEO of Bronson Healthcare, plans to retire at the end of 2019.

ALLEGAN — The sweeping transformation plan from Perrigo Co. plc President and CEO Murray Kessler aims to return the company to higher sales and earnings growth within a few years. Murray envisions a Perrigo that’s focused on “self-care,” producing products for consumers not only to treat themselves with store-brand, over-the-counter medications but also to maintain their health and prevent illness.

GRAND RAPIDS — Executives at Ranir Global Holdings LLC put a plan in place four years ago to grow the company and prepare for investors’ eventual exit. By 2018, as the world’s largest producer of private-label store-brand oral care products grew sales and earnings at double-digit rates, management started exploring various options, including the potential for an IPO.

GRAND RAPIDS — Mercy Health Saint Mary’s in Grand Rapids and five Spectrum Health-owned hospitals earned top grades in a semi-annual report on patient safety. Spectrum Health’s Big Rapids, Ludington, Pennock Hospital in Hastings, United Hospital in Greenville and Zeeland Community Hospital joined Saint Mary’s in earning an “A” grade in the spring report card issued by The Leapfrog Group, a Washington, D.C.-based advocate for health care quality and patient safety.

GRAND RAPIDS — Two years ago, the venture capital arm that health system Spectrum Health formed to back innovative health care startups had to go looking for deals because nobody in the field knew it existed. Today, Spectrum Health Ventures LLC faces a much different situation. Investment prospects now often come from referrals by other large health systems across the U.S. that also operate venture capital arms and want co-investors for deals.

KALAMAZOO — Peter Bergmann began his tenure as president at Ascension Borgess three months ago with a host of issues on his plate to manage. Among them is finalizing the proposed acquisition of 25-bed Allegan General Hospital and integrating it into the Kalamazoo-based regional health system, which includes hospitals in Kalamazoo, Dowagiac and Plainwell, as well as outpatient centers and physician offices.

Citing the loss of a key contract, Concerto Health Inc. plans to close three locations in Michigan, including an office in Kalamazoo.

Since deciding last fall to open a psychiatric urgent care center, Pine Rest Christian Mental Health Services President and CEO Mark Eastburg has heard from interested colleagues at care providers in the region asking about the possibility of replicating the model elsewhere.

Dr. Hyung Tai Kim becomes the new president next week at Mercy Health Saint Mary’s in Grand Rapids, a position he viewed as offering an “extraordinary opportunity to join an organization that believes in the things that I believe in.”

What began as a way for a software developer to keep families and friends updated on his daughter’s condition became a business opportunity for Open System Technologies Inc. in the health care industry. After a year-long pilot with Spectrum Health, Grand Rapids-based OST has begun to pitch the CareCircle service to health systems across the U.S., starting with the more than 100 hospitals that are already clients.

BELMONT — Trilogy Health Services LLC is planning to construct a new senior living and rehabilitation center in Plainfield Charter Township. The Belmont facility would be at 6081 West River Drive NE, on the northwest corner of West River and Jupiter Avenue, which is currently a vacant lot, said Matt Cole, senior civil engineer for Paradigm Design Inc.

Healthcare Bluebook contracts with 5,000 employers with more than 3 million employees who mostly self-fund their health coverage. Many health plans, such as Grand Rapids-based Priority Health, offer web-based platforms for members to look up prices and get an estimate on what they might pay based on their insurance coverage.

Four medical schools in Michigan partnered to direct new physicians into areas of the state that are underserved or have a shortage of physicians. Backed by a $5 million budget allocation that the four institutions matched with $1.25 million apiece, the medical schools each placed two additional medical residents this year to train and work in medically underserved areas of Michigan.

An associate of the College of Human Medicine at Michigan State University will become the new president of Mercy Health Saint Mary’s next month.

KALAMAZOO — The $60 million downtown Kalamazoo cancer pavilion is one of a number of capital projects for Bronson Healthcare that are driven partly by the shift toward delivering care at outpatient settings. Along with the cancer facility across from the Medical Office Pavilion on the South Campus in downtown, Bronson plans to develop a new $22 million hospital in South Haven and invest in a $3.8 million project to renovate inpatient rooms at LakeView Hospital in Paw Paw.

Hundreds of small businesses in Michigan that use an association health plan for health benefits shouldn't worry yet about a federal judge’s ruling that struck down a 2017 executive order by President Trump. Rob Fowler, president of TranscendAHP, expects that the U.S. Department of Labor will appeal Thursday’s ruling by U.S. District Judge John Bates of the District of Columbia.

Spectrum Health-owned hospitals in Grand Rapids, East Grand Rapids, Zeeland and St. Joseph are among seven in Michigan ranked in an annual list of the 100 Top Hospitals in the U.S.

GRAND RAPIDS — A need to generate administrative efficiencies and better compete for talent contributed to driving the affiliation between senior living providers Porter Hills Presbyterian Village Inc. in Grand Rapids and Chelsea-based United Methodist Retirement Communities Inc. 

Bronson Healthcare plans to develop a $60 million outpatient cancer pavilion at its downtown campus in Kalamazoo.

Priority Health earned more than $137 million across all business segments in 2018, led by strong growth in the bottom line at its core HMO business.

Michigan has received $10 million from New York City-based Bloomberg Philanthropies as part of a national initiative to address the opioid crisis.

Stryker Corp. today completed the acquisition of OrthoSPace Ltd., an Israeli company that developed a treatment for massive, irreparable rotator cuff tears.