Displaying items tagged: healthcare

EAST GRAND RAPIDS —Mark Gurney retired as CEO of drug developer Tetra Therapeutics Inc. at the end of June, more than a year after selling the company to Japan-based pharmaceutical company Shionogi & Co. Ltd.

KENTWOOD — A Grand Rapids-area health care fintech firm plans to use a recent capital raise to support growth into new markets around the country.

The Pennsylvania corporation that Mercy Health partnered with to develop a new Kent County psychiatric hospital paid $122 million a year ago to settle allegations of poor patient care and fraudulent billing to Medicaid and Medicare.

In May 2007, William Beaumont Hospitals — which at the time operated community hospitals in Royal Oak and Troy — acquired the Bon Secours Hospital in Grosse Pointe.

The seeds for what became West Michigan’s largest health care provider took root nearly three decades ago.

Construction projects within Michigan’s pharmaceutical and biotech industry totaled nearly $450 million between 2015 and 2020, according to an analysis that forecasts many more projects over the next half decade.

Trinity Health, the parent corporation of Mercy Health in West Michigan, will require employees to get a COVID-19 vaccine.

If culture truly does trump strategy, then add one more complexity to the proposed merger between Spectrum Health and Beaumont Health.

Michigan is the latest state to offer a lottery-style incentive for residents to get the COVID-19 vaccine under a new partnership with Meijer Inc. and the Michigan Association of United Ways.

BATTLE CREEK — Bronson Healthcare will partner with Franklin, Tenn.-based Acadia Healthcare Co. to develop a new 96-bed psychiatric hospital in Battle Creek.

WYOMING — Metro Health — University of Michigan Health has been renamed to University of Michigan Health-West in what health system officials say is a “natural next step” that will help “fulfill our destiny.”

Spectrum Health’s former chief financial officer was “stunned” when he learned about the health system’s proposed merger with Beaumont Health, and doubts the plan will achieve the intended goals.

Blue Cross Blue Shield of Michigan joined four other Blues plans across the U.S. to form a new venture that seeks to reduce the high cost of prescription drugs.

The proposed merger between Spectrum Health and Beaumont Health that would form the largest in-state health system in Michigan has drawn concern from a statewide business-labor coalition that worries about the resulting potential for higher prices.

As state lawmakers consider more controls over prior authorizations that health insurers require before covering certain medical care, Priority Health has launched a new system designed to make the process easier for physicians.

BYRON CENTER — SpartanNash Co. has  jumped into the rapidly growing telemedicine arena with a new service that emphasizes affordability.

The proposed merger between Spectrum Health and Beaumont Health could add fuel to the years-long trend of consolidation in the health care industry.

Dr. Paula Termuhlen took the helm of the Western Michigan University Homer Stryker M.D. School of Medicine (WMed) on May 1, succeeding founding Dean Dr. Hal Jenson, who retired after 10 years at the post. Just one month into Termuhlen’s tenure, Western Michigan University announced a historic, anonymous $550 million gift to the university over the course of 10 years. WMed will receive $300 million of the donation, the largest gift ever bestowed upon a public university. MiBiz spoke with Termuhlen on how she plans to use the funds and where WMed is heading after reaching its 10-year milestone.

Michigan residents will no longer have to contend with COVID-19 gathering and masking restrictions beginning next week.

Michigan health care leaders say a potential merger between Spectrum Health and Southfield-based Beaumont Health could have significant implications for the statewide health care and insurance markets.

GRAND RAPIDS — Spectrum Health, which was created through a merger more than two decades ago and went on to become West Michigan’s largest health care provider, intends to merge with Southfield-based Beaumont Health.

Spectrum Health has joined several health systems around the country that committed to increasing purchases from local minority- and women-owned businesses.

In the nearly four months between late January and May this year, the West Michigan Vaccine Clinic at DeVos Place administered more than 230,000 COVID-19 vaccine doses.

KALAMAZOO — A Kalamazoo startup seeks to raise $5.1 million over two capital rounds to commercialize a treatment for diabetic foot ulcers that cost billions of dollars annually to treat in the U.S.

SOUTH HAVEN — Bronson Healthcare has opened its new $22 million, 52,000-square-foot South Haven Hospital.

Gov. Gretchen Whitmer has announced “slimmed down” COVID-19 emergency safety rules that begin to ease workplace restrictions and guidelines for employers.

Small businesses can expect larger increases in their health insurance premiums in 2022 than in recent years, even without costs associated with responding to the COVID-19 pandemic figured into the equation.

A new deal between Blue Cross Blue Shield of Michigan and Spectrum Health finally brings West Michigan’s largest health system into the care network of a plan for seniors at the state’s largest health insurer.

A new lakeshore location where people can drive up and get a COVID-19 test or basic medical care while sitting in their vehicle marks the second of what Nathan Baar hopes will become many drive-thru medical clinics across Michigan.

BELMONT — AvaSure Inc. plans to use an equity investment to drive further growth and support product development.