FARMINGTON HILLS - Beringea announced that RTI Biologics, a provider of orthopedic and other biologic implants, plans to pay $130 million to acquire Marquette-based Pioneer Surgical Technology, a Beringea portfolio company. Pioneer Surgical manufactures and distributes metal and synthetic products in the orthopedics, biologics, spine, trauma and cardiothoracic markets. Under the terms of the merger
ALLEGAN - Perrigo Co. said Monday it had purchased the ophthalmic sterile ointment and solution portfolio of Fera Pharmaceuticals LLC and its affiliates for an upfront payment of $93 million along with potential contingent payments of $36 million, some of which relate to Perrigo securing more product rights from Fera. Perrigo said the purchase expands
LANSING - After a lengthy session by the House to pass a Medicaid reform bill that attempts to align the desire of Governor Rick Snyder to expand the program using federal money while making reforms some say are needed, members of the Senate are now reviewing that result and in the process of deciding how
MACKINAC ISLAND - Officials in the administration of Governor Rick Snyder are saying they will make a push to complete action on the expansion of Medicaid eligibility before the Legislature leaves for the summer in mid-June. Snyder himself has told reporters that is a priority in interviews, and a spokesperson for Senate Majority Leader Randy
LANSING - A group of health care providers, insurers, advocates and trade associations submitted a letter this week warning against a proposed 48-month limit on Michigan Medicaid benefits. The Medical Care Advisory Council, in a letter dated Tuesday, expressed concern about the legislation pending in the House Michigan Competitiveness Committee (HB 4714 ) that would
BELMONT - As the health care industry focuses in on disease prevention, care providers are turning to disposable medical devices to help reduce the spread of infections. That shift is providing a key opportunity for a West Michigan manufacturer that?s been serving the medical device industry and others for decades. SSI Electronics Inc. has been
ANN ARBOR - Esperion Therapeutics, which is developing new therapies to treat high cholesterol that can be taken as a pill, announced it has completed a $33 million preferred stock financing led by new investor Longitude Capital. Existing investors Aisling Capital, Alta Partners, Domain Associates, Arboretum Ventures and Asset Management also participated in the financing.
LANSING - ModuleMD has partnered with Great Lake Health Information Exchange to create a strategic alliance to electronically connect physician practices with health care systems. Health Information Exchange provides the capability of sharing clinical information electronically among disparate electronic health record systems. ModuleMD provides a flexible electronic health record to independent physician practices nationally. Based
ANN ARBOR ? The U.S. Food and Drug Administration has approved the Phase II clinical trail of the nation's first clinical trial of stem cell injections in patients with the deadly degenerative disease known as amyotrophic lateral sclerosis, often called ALS or Lou Gehrig's disease. Approval paves the way for UM to become the second
ANN ARBOR - Blaze Medical Devices has added two new members to its advisory board, CPA Paul Glantz and finance professional Terry Cross. Blaze is a medical device company focusing on increasing the efficacy and safety of transfusions while reducing transfusion-related costs and reducing the use of blood. Blood units differ in properties based on