Detroit-based FutureNet Group has completed its acquisition of Smith & Wesson Security Solutions, the former Universal Safety Response. The roughly $10 million deal announced last month will bring some job security and growth prospects to 80 people in Cool Springs.
“This is a big opportunity for a small business to continue serving our Federal Government and commercial clients by manufacturing U.S. products for domestic and international use,” said Perry Mehta, President and CEO, FutureNet Group. FNSS’s marketing strategy consists of “Protecting Infrastructure Globally.” The GRAB® net barrier system, XMB®, ODDS®, SW1900, and a range of other proprietary perimeter security products will continue to be marketed by FNSS.
Officials at LifePoint Hospitals, Duke University and the Marquette General Health System in Michigan's Upper Peninsula have ironed out the terms of an acquisition agreement that will add a fifth facility to the 18-month-old Duke LifePoint. As is the case with many hospital purchases, the buyers have committed to adding or upgrading facilities and the technology infrastructure at 290-bed Marquette General.
SEE ALSO: Duke LifePoint JV inks Michigan deal from March
Vanguard Health Systems has named Joe Mullany president of its Detroit Medical Center complex. Mullany had overseen Vanguard's New England hospitals since he joined the company from Essent Healthcare in 2005. He will now be the company's No. 2 in the Motor City and brings to the job a lot of experience working in the post-reform Massachusetts hospital sector.
"When DMC was named one of the country's 32 Pioneer ACOs (accountable care organizations), I began to realize how fast the Vanguard/DMC team is building one of the great academic medical centers in America," Mullany said in a statement. "It's an exciting time to be at DMC."
Maxor Correctional Pharmacy Services will expand its Cool Springs office by about 15 people after winning a three-year, $110 million contract with the Michigan Department of Corrections. The Texas-based company acquired its local presence in 2007 by buying a number of the assets of Secure Pharmacy Plus, a subsidiary of what was then still America Service Group. It now provides pharmacy services to about 260,000 inmates in 27 states.