Health Care

A Holland-based venture capital firm closed last week on $7.2 million of the $10 million it seeks to raise to invest in health care startups

GRAND RAPIDS — The foundation supporting Mercy Health Saint Mary’s made staffing changes in preparation for a major capital campaign that could launch this summer.

The largest organization representing Michigan doctors is opposing legislation that would create a new way for physicians in the state to obtain medical licenses in other states to practice telemedicine.

GRAND RAPIDS — Nearly four years after forming a research center, Mary Free Bed Rehabilitation Hospital wants to focus more on exploring and developing potential new therapies to treat patients.

Transparency in health care in Michigan took a step forward with the launch of yet another online database for patients across the state to look up hospital data.

Whether a coalition of large health systems that plans to get into the generic drug business can actually do something about shortages or escalating prices remains to be seen.

GRAND RAPIDS — Mercy Health’s new primary care medical practice on Grand Rapids’ west side resulted from what Ben Look calls a lot of dissatisfaction.

KALAMAZOO — Armune BioScience Inc.’s sale to a Wisconsin company provides another exit for investors that generates returns they can use in future deals for life sciences startups in Michigan.

KALAMAZOO — Armune BioScience Inc.’s sale to Madison, Wis.-based Exact Sciences Corp. reinforces the reality that some West Michigan-based life sciences firms will have to move out of the region to grow.

The deal to buy a majority stake in Muskegon-based Shoreline Vision serves as the largest transaction yet for Great Lakes Management Services Organization.

GRAND RAPIDS — With construction of the $37.5 million Raleigh J. Finkelstein Hall and work set to begin later this year on another facility along the Medical Mile, Grand Valley State University expects to expand its health care programs.

Physician practices in Michigan drive $59.1 billion in economic output and support more than 305,000 jobs, according to a new study from the American Medical Association.

GRAND RAPIDS — SpendMend LLC, a company that provides spending visibility and audit and recovery services to the health care industry, sold a majority stake to Chicago-based private equity firm Sheridan Capital Partners.

Physicians considering their next steps in the business have an emerging alternative to consider that would allow them to remain independent.

Health coverage from Blue Cross Shield of Michigan maintains a dominant hold in most markets across the state with the exception of Priority Health’s home base.

GRAND RAPIDS — Grand River Aseptic Manufacturing Inc. was struggling in late 2010 when a group of West Michigan investors put up $5 million to acquire the company’s assets.

GRAND RAPIDS — The planned union of Mercy Health with a sister health system across the state follows the idea that bigger is better in health care.

Health insurance rates for small businesses in 2018 stand in sharp contrast to the state of the individual market in Michigan.

KALAMAZOO — The early success for Stryker Corp.’s surgical robot that’s now used in total knee replacement surgeries reflects a growing acceptance of the technology.

Many executives at companies in West Michigan’s medical device supply chain came out of the automotive industry only to find they’re facing all-too-familiar challenges in their current roles.

HOLLAND — Jim TenBrink believes he has the invention that’s going to revolutionize the way surgeons are trained in spinal procedures and how medical device companies research and test innovations.

GRAND RAPIDS — Opened 18 months ago, Grand Valley State University’s Applied Medical Device Institute will help inventors develop and hone their ideas for medical innovations.

GRAND RAPIDS — The success of a collaboration that set out three years ago to improve care for seniors with an array of health problems shows what can happen when cooperation trumps competition.

GRAND RAPIDS — The next CEO of Spectrum Health will face a decidedly different West Michigan health care industry than what Richard Breon did when he came to the Grand Rapids market 17 years ago.

GRAND RAPIDS — Two Van Andel Research Institute scientists received grants totaling $5.5 million that will pay for clinical trials involving new cancer drugs.

An Ann Arbor company that wants to take traditional workplace wellness to an entirely new level using artificial intelligence has drawn a large share of capital from Grand Rapids-based investors.

Mercy Health wants to develop two new outpatient care centers in North Muskegon and the Hudsonville area.

HOLLAND — With $600,000 in new capital, a West Michigan startup plans to fund an upcoming human clinical trial for its medical device technology.

As employers face moderate increases in premiums for employee health coverage in 2018, they’re again studying different tactics to control their costs.

GRAND RAPIDS — The new Grand Rapids Research Center opens this week, anchoring the western end of the city’s Medical Mile cluster of education, health care and research institutions and elevating Michigan State University’s role in biomedicine.

Dominick Pallone considers it a hopeful sign that the debate over health care in America seems to be moving beyond political rhetoric and ideology.

Michigan ranked third among 11 Midwest regions for the value of equity investments made in life sciences companies during the first half of 2017.

Amazon.com Inc.’s potential entry into the pharmacy business represents another way for Perrigo Co. plc to sell medications to consumers and grow the overall market, rather than a threat to the drugmaker’s existing retail sales network, executives say.

GRAND RAPIDS — Spectrum Health’s venture to co-brand medications sold at West Michigan Meijer Inc. stores aims to make it easier for patients to find the help they need when they’re sick.

CALEDONIA — Acrisure LLC remained the largest buyer of insurance brokers across North America in the first half of 2017.

The number of venture capital-backed startup companies based in West Michigan grew 20 percent over the last three years.

GRAND RAPIDS — In a move to build a broader talent pool for future candidates, Mary Free Bed Rehabilitation Hospital began a medical residency program this summer to help groom new doctors specializing in treating patients with traumatic injuries.

GRAND RAPIDS — Spectrum Health’s latest business venture seeks to create a new way to deliver care by focusing on keeping people healthy, rather treating them when they’re sick.

GRAND RAPIDS — Priority Health members who have used the insurer’s cost estimator have saved more than $6.3 million in the two years the online tool has been available.

Nearly one in five Blue Cross Blue Shield of Michigan members had a prescription for an opioid filled in 2015. The dispensing rate nationally was higher, at 21.4 percent. Between 2010 and 2016, the 36 Blue Cross Blue Shield plans across the U.S. recorded a 493-percent spike in enrollees diagnosed with a disorder associated with opioid use. Those statistics from the Chicago-based Blue Cross Blue Shield Association reflect the opioid epidemic in America that in 2016 resulted in more than 33,000 overdose deaths. MiBiz spoke with Jody Gembarski, a pharmacy manager at Blue Cross Blue Shield of Michigan who oversees its controlled substance work group, to discuss the association’s analysis and the role the state’s largest health insurer has in responding to the epidemic.

HOLLAND — Holland Hospital plans to begin work early next year on a $14.5 million expansion of its birthing unit to accommodate more newborn deliveries.

Federal lawmakers need to focus on what’s driving health care costs in America that in turn contributes to the rising cost of health coverage.

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