Detroit group opposes Vanguard buy

The Coalition to Protect Detroit Health Care this week sent a letter (and what looks like an essay test) to Michigan Attorney General Mike Cox, opposing the sale of Detroit Medical Center to Nashville's Vanguard Health Systems. The Free Press has the full text of the letter, which argues the sale violates the state's nonprofit corporation statute. Here's a snippet:
We understand the desire to move swiftly – by June 1, 2010 according to the press. But this sale will have a long term effect on the residents of Detroit and Southeast Michigan. The commitments in the LOI are only for 10 years while a not-for-profit with its mission is forever. Rather than having the cash flow of the DMC remain in Detroit, a portion of the cash will be sent to Tennessee and after 10 years VHS is free to do with our community assets what VHS wants, based solely on their bottom line and not on the needs of Detroiters.
Mar 31, 2010 7:01 AM

Tennessee fifth in ECD ranking

Tennessee trails only Ohio, Texas, Michigan and Pennsylvania in the latest Site Selection ranking of state's economic development performance. State officials are chuffed.
“This recognition is especially rewarding because it comes during one of the most challenging economic development environments in decades,” said Matt Kisber, commissioner, Tennessee Department of Economic and Community Development. “Tennessee’s ability to help companies with projects by reducing red tape, finding answers quickly and developing partnerships with local communities has been a key differentiator for our state.”
Mar 4, 2010 8:23 AM

Michigan company buys local trucker

Nashville-based Cavalry Transportation has been acquired by Universal Truckload Services out of Michigan for an undisclosed amount. Universal (Ticker: UACL) said the purchase was one of three it wrapped up last month and that the new holdings will contribute $35 million to its top line this year with profits beginning to flow in during the summer. Cavalry — whose name is inspired in part by Teddy Roosevelt — also runs offices in Chicago and Memphis.
Jan 15, 2010 8:40 AM

'We've got some plants that I'd like to allocate product to'

After closing 14 plants last year, GM is now wrestling with capacity shortages for its crossover vehicles. At the North American International Auto Show, the auto maker's new North American president said he is a fan of Spring Hill's versatility, but stopped short of talking about restarting production in Maury County. Ironically, Mark Reuss made his comments on the day the first group of Spring Hill transplants started their new jobs in Lansing, Mich.
Jan 11, 2010 9:30 PM

Spring Hill GMers get in line for Michigan move

More than 700 General Motors workers in Spring Hill have thrown their names in the hat for the positions being added soon at the auto maker's Delta Township, Mich., plant. But happenings nearby are making the job of placing people tricky.
Spring Hill transfers will be offered jobs based on seniority, said GM spokeswoman Kim Carpenter. But the Tennessee plant isn't the only site sending displaced workers to Delta Township. About 70 entry-level employees were laid off in Delta Township a month ago and another 69 low-seniority workers will be idled this week because of labor contract provisions that allow workers from other plants with greater seniority to transfer to sites with job openings, said GM spokeswoman Heidi Magyar.
Nov 30, 2009 11:59 AM

No, Michigan really doesn't stink that bad

Detroit Free Press columnist Ron Dzwonkowski turns into an unabashed business booster as he tells GM's Spring Hill workers about the wonders of the Wolverine State.
So come on up. Economic necessity has made us a land of opportunity. You could be getting in on the ground floor -- make that the basement -- of a radical reinvention. It may not seem like it right now, but trust us, in five years, you'll be blown away.
Nov 23, 2009 9:14 AM

NHI buys five facilities

National Health Investors has acquired four assisted-living centers in Michigan and another in Illinois for about $28 million. The seller, Kansas-based Bickford Senior Living, is leasing back the buildings for 15 years. NHI (Ticker: NHI) has shelled out nearly $90 million on acquisitions so far this year.

Nov 20, 2009 8:08 AM

Earnings wrap: CHS, America Service

Hospital operator beats the Street, Michigan cost surprise stings ASGR
Oct 28, 2009 10:04 PM

So much for the overhaul

One thing Spring Hill thought it had going for it was that GM had poured hundreds of millions into the plant in recent years to update its lines.
"It just kinda doesn't seem to make sense... Why not take advantage of it?"
Jun 26, 2009 1:16 AM

A word from the winner

The relief about GM's decision Thursday is palpable in Michigan, with public officials and residents taking turns sighing and praising the incentive package that helped sway the auto maker.
Michigan's congressional delegation also lobbied heavily to bring the small car to the state. All 17 members sent a letter to GM last week saying that the state's economic woes made the project important for Michigan. Peters had begun a "Make it in Michigan!" campaign that collected over 28,000 signatures.
SEE ALSO: The dejection and frustration in Wisconsin, where one union rep says, "In my mind, it didn’t matter what we brought to the table. Janesville did all it could do, and the people on the task force really busted their butts trying to get something here, but GM is trying to move everything to Michigan."
Jun 26, 2009 12:47 AM