Crain's Detroit Business - December 19, 2011 - (Page 3)

December 19, 2011 CRAIN’S DETROIT BUSINESS Page 3 Schuette: Don’t rush insurance bill Election, courts could end need for health exchange BY CHAD HALCOM CRAIN’S DETROIT BUSINESS Q&A Michigan Attorney General Bill Schuette said he sees “no rush” to pass legislation creating a statewide health insurance exchange, because so much can still happen next year that would eliminate the need for one. The legislation that creates a framework to authorize MIHealth Marketplace to be established as a nonprofit corporation has been idle in the House Health Policy Committee since it cleared the Senate in a 25-12 vote last month. Schuette told a Crain’s editorial board meeting Thursday he is ad- vising legislators and others in Lansing that a state insurance exchange can wait until after the presidential election or at least until the outcome of a constitutional challenge to the federal health care reform bill, which goes for oral arguments before the U.S. Supreme Court in March. Essentially, that means the state’s top law enforcement official has sided with the Republican-controlled House and its slow-track approach to the exchanges over that of Gov. Rick Snyder, whom Schuette calls a friend. “When you have a friend (in Snyder) that you happen to be in agreement with about 90 percent of the issues you discuss, that is a very good (relationship) to have,” he said. “This is one issue where we have had a respectful difference of opinion.” Last week, the House passed, and the Senate later approved, a revised version of a supplemental funding bill that removes the $9.8 million in federal planning grant funds awarded to the state last month by Health and Human Services Secretary Kathleen Sebelius. In the past, Snyder has pushed for the House to take an aggressive hearing schedule and vote soon on the bill that establishes the insurSee Schuette, Page 4 “ This is one issue where (Gov. Snyder and I) have had a respectful difference of opinion. New CEO expects an exciting ride at Lycera, Page 20 Company index These organizations appear in this week’s Crain’s Detroit Business: 5-Hour Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Andiamo Restaurant Group . . . . . . . . . . . . . . . . 9, 16 ” Bill Schuette, Michigan attorney general St. John makes ‘strategic’ buy of former Fisher Center’s 31 acres BY SHERRI WELCH CRAIN’S DETROIT BUSINESS Ann Arbor Spark . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Arboretum Ventures . . . . . . . . . . . . . . . . . . . . . . . 14 Beaumont Health System . . . . . . . . . . . . . . . . . . . 13 Blue Cross Blue Shield of Michigan . . . . . . . . . 13, 18 Borders Group. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Butzel Long . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Center for Automotive Research . . . . . . . . . . . . . . . 6 Chrysler Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Colliers International . . . . . . . . . . . . . . . . . . . . . . 12 Compuware . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Detroit Lions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Detroit Medical Center . . . . . . . . . . . . . . . . . . . . . 13 Detroit Pistons . . . . . . . . . . . . . . . . . . . . . . . . . 8, 15 Detroit Science Center . . . . . . . . . . . . . . . . . . . . . 16 Detroit Tigers . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Downtown Detroit Partnership . . . . . . . . . . . . . . . . . 5 Energy Conversion Devices . . . . . . . . . . . . . . . . . . 14 Fieger, Fieger, Kenny, Giroux, Danzig . . . . . . . . . 9, 13 General Sports & Entertainment . . . . . . . . . . . . . . . 9 Grubb & Ellis . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Henry Ford Health System . . . . . . . . . . . . . . . . . . . 14 Kresge Foundation . . . . . . . . . . . . . . . . . . . . . . . . . 1 Life Magnetics . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Living Essentials . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 COURTESY OF NEAPCO HOLDINGS Lycera . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 M1 Rail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Magna International . . . . . . . . . . . . . . . . . . . . . . . . 9 Matt Prentice Restaurant Group . . . . . . . . . . . . 8, 16 St. John Providence Health System has acquired the 31 acres of Farmington Hills property that has stood vacant since St. Vincent Sarah Fisher Center closed the orphanage it had operated there in 2006. St. John Providence Health paid the Daughters of Charity of St. Vincent De Paul, which founded the center in 1851, $1.05 million or “fair market value” for the property “for possible future strategic needs in the area that Fisher Center: is already part of our footHelping at-risk print,” Daniela Scholl, corkids, Page 4 porate media relations director for the health system, wrote in an email. Warren-based St. John Providence Health has not submitted a rezoning request for the property, zoned for single-family residential, said Farmington Hills City Planner Ed Gardiner. The property, at the northwest corner of 12 Mile and Inkster roads, has two historic buildings and several smaller support structures. It was one of the few remaining parcels in Farmington Hills of its size and location when the center closed. The health system’s Providence Medical Center and Michigan Ear Institute on Northwestern Highway at Inkster is just over half a mile from the newly purchased land. Also within a 10mile radius are the system’s Kenneth Elliott Sr. & Family Comprehensive Breast Center, Providence Park Hospital in Novi and physician offices in Novi and West Bloomfield. It was “long past time” to sell the property that was home to the St. Vincent Sarah Fisher CEO Bob Hawkey thought Neapco Holdings would “kind of subcontract” production in China. Then a customer told him, “You have to be there in substance, not just in name.” BACK TO ROOTS Entrée to China Owner opens the door; Neapco calls the shots BY LINDSAY CHAPPELL CRAIN NEWS SERVICE Mich Development . . . . . . . . . . . . . . . . . . . . . . . . 20 Michigan State Medical Society . . . . . . . . . . . . . . 18 Michigan State University . . . . . . . . . . . . . . . . . . . . 4 MSU College of Law . . . . . . . . . . . . . . . . . . . . . . . . 8 Neapco Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Palace Sports & Entertainment . . . . . . . . . . . . . . . . 8 Pinnacle Race Course . . . . . . . . . . . . . . . . . . . . . . . 9 Presidents Council, State Universities of Michigan . . . 1 Quicken Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Rock Holdings . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Roxbury Group. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 St. John Providence Health System . . . . . . . . . . 3, 13 St. Vincent Sarah Fisher Center . . . . . . . . . . . . . . 3, 4 Talmer Bank and Trust . . . . . . . . . . . . . . . . . . . . 8, 18 Trans Inns Management . . . . . . . . . . . . . . . . . . . . . 9 TRW Automotive Holdings . . . . . . . . . . . . . . . . . . . 17 UM Law School . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 University of Michigan . . . . . . . . . . . . . . . . . . . . . . 4 Village Green . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Whitney Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Whole Foods Market . . . . . . . . . . . . . . . . . . . . . . . . 8 William Beaumont Hospitals . . . . . . . . . . . . . . . . . . 9 WSU Law School . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 ZocDoc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 NEAPCO HOLDINGS, THEN AND NOW 2006 Owner: Carlyle Group (private equity group) Revenue: Less than $100 million Employees: 400 Focus: Aftermarket, dominated by one large customer. See St. John, Page 4 For Neapco Holdings, an 87-year-old American maker of car and truck drivelines, opening its first office in China this fall was a very big deal. Giant global parts makers with deep pockets and big product portfolios are investing in China. Now Neapco, a relatively small company with a management team of just five, will be among them, fighting for a toehold. Its new office in Shanghai employs two people, one of whom does not speak Chinese. But bigger things are coming, including a Chinese manufacturing plant. It doesn’t hurt that Neapco has a Chinese fairy godmother. In 2006, Chinese supplier conglomerate 2011 Owner: Chinese supplier conglomerate Wanxiang Group has majority interest; Neapco senior management has equity. Revenue: Close to $600 million Employees: 2,100 Focus: Original equipment for automakers including Chrysler Group LLC, Ford Motor Co., General Motors Co., BMW, Volkswagen Group. Wanxiang Group acquired a majority interest in Neapco for an undisclosed sum, with Neapco’s senior management also taking an equity position. At the time, Neapco was in Pottsville, See Neapco, Page 6 Department index BANKRUPTCIES . . . . . . . . . . . . . . . . . . 6 CLASSIFIED ADS . . . . . . . . . . . . . . . . 19 KEITH CRAIN . . . . . . . . . . . . . . . . . . . . 7 THIS WEEK @ WWW.CRAINSDETROIT.COM In focus Check out Crain’s collection of videos related to timely news stories at crainsdetroit.com/video Know what the foodies know Get the latest on the restaurant scene from Crain’s reporter Nathan Skid: crainsdetroit.com/skid MICHIGAN BRIEFS . . . . . . . . . . . . . . . 22 OPINION . . . . . . . . . . . . . . . . . . . . . . . 7 RUMBLINGS . . . . . . . . . . . . . . . . . . . 21 WEEK ON THE WEB . . . . . . . . . . . . . . 21 http://WWW.CRAINSDETROIT.COM http://www.crainsdetroit.com/video http://www.crainsdetroit.com/skid

Table of Contents for the Digital Edition of Crain's Detroit Business - December 19, 2011

Crain's Detroit Business - December 19, 2011