Displaying items tagged: Keystone Solutions Group

Like virtually every other sector, Michigan’s life sciences industry faces a key obstacle in trying to attract and retain talent, many of whom are leaving for opportunities out of state. 

GRAND RAPIDS — A $75,000 investment from an East Lansing-based early-stage investment fund helps move Airway Innovations LLC into the marketplace this spring with a new device to prevent patients from pulling out tracheal tubes.

GRAND RAPIDS — The $1 million raised from investors moves medical product startup Patient Co. closer to the marketplace for an innovation designed to assist nurses and other caregivers moving hospital patients.

KALAMAZOO — As they deal with the effects the coronavirus pandemic is having on their bottom lines, businesses and organizations are engaging in some in-your-face thinking to generate revenue and keep their employees working.

GRAND RAPIDS — As the coronavirus pandemic spread to Michigan, Norman Beauchamp saw a need and an opportunity to coordinate manufacturers locally to supply equipment and supplies to hospitals expecting a surge in patients.

GRAND RAPIDS — Charter Growth Capital Fund co-invested along with Birmingham-based lead investor Colfax Creek Capital LLC in Traverse City Products LLC.

For this 13th installment of Crystal Ball, MiBiz reporters interviewed dozens of West Michigan executives about their outlook for the state and national economy and the indicators they’re watching as they prepare their businesses for the new year. While no single issue seemed to rise to the top this year, here’s a subjective list of their concerns that came up most often, ranked in no particular order. 

Kalamazoo-based Keystone Solutions Group has experienced strong growth in recent years that President Jim Medsker expects to continue in 2020. The company is a product designer for the medical device, aerospace and automotive industries, and also offers contract manufacturing for medical devices. Keystone currently employs 58 people in Oshtemo Township and is targeting $15 million to $20 million in revenue for 2020, coming off a year of 50 percent year-over-year revenue growth. 

GRAND RAPIDS — Charter Growth Capital Fund has invested in All Star Driver Education LLC, an Ann Arbor provider in driver education.

KALAMAZOO — A Grand Rapids mezzanine fund’s investment will enable Keystone Solutions Group to maintain its strong growth trajectory in the years ahead.

Charter Growth Capital Fund, a mezzanine fund formed this past summer by Grand Rapids-based Charter Capital Partners, made its first deal with an investment in Keystone Solutions Group.

Here is the growth report for June 24, 2019.

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.

West Michigan’s medical device manufacturers are reaching a tipping point. The region’s fledgling industry has begun to mature, especially around contract manufacturing, which draws on the legacy of industrial knowledge across West Michigan.

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.

NEWAYGO — One West Michigan entrepreneur hopes to use data science to make users of medical oxygen systems safer with a handful of new products.

While West Michigan may lack the depth of resources and talent that some regions of the country possess when it comes to the medical device industry, it may have one key advantage: the affordability of its contract manufacturing. 

The availability of scientific and executive management talent and the access to later-stage investment capital remain major issues for Michigan’s life sciences industry.

KENTWOOD — As medical device manufacturers work to maintain compliance with ever-tightening federal regulations, one West Michigan consulting firm aims to make at least one part of the process easier. 

As the medical device industry continues to expand globally, the sector has entered a period of mass consolidation.