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3 New Schools No M.D. Cure-All 20110411-NEWS--0001-NAT-CCI-CD_-- 4/8/2011 6:18 PM Page 1 ® www.crainsdetroit.com Vol. 27, No. 15 MARCHAPRIL 1111 –– 17,17, 20112011 $2 a copy; $59 a year ©Entire contents copyright 2011 by Crain Communications Inc. All rights reserved Page 3 Before firm raises VC funds, On the 3 new schools trio put up their own money upswing no M.D. cure-all As economy mends, image-conscious biz golfers more often at public courses, group events Funding caps push doctors- Coupon company grows by thinking outside mailbox BY BILL SHEA percent in 2010, according to the CRAIN’S DETROIT BUSINESS Jupiter, Fla.-based National Golf in-training out of Michigan Foundation, which tracks busi- Inside Fewer people are playing golf ness statistics about the game. in Michigan, but those who use It’s difficult to quantify the BY DUSTIN WALSH tors in the state by 2020, specifical- Name price for Pistons? the game for health of business golf in Michi- CRAIN’S DETROIT BUSINESS ly in lower-paying areas such as business are in- gan because no one tracks family practice, general medicine, ON COURSE Michigan’s three new medical creasingly do- rounds played with the intent of internal medicine and pediatrics, It’s not that simple, Page 7 schools no doubt will have an eco- ing so despite Pro tours: Back building client relationships, do- according to the most recent data nomic impact. But a federal cap on worry that an in Michigan, ing deals or rewarding employ- from 2009. Page 18 residency slots may leave students Focus afternoon on ees. Currently, about 700 students Owners: Hope heading out of state to complete the links with a So, the evidence is anecdotal graduate each year from Michi- springs anew, training, doing little to mend the New awards honor general, client is still from the people on golf’s front gan’s medical schools at the Univer- Page 19 state’s impending physician short- viewed by some lines. sity of Michigan, Wayne State Univer- in-house counsels, Page 21 age, experts say. as frivolous. For example, there has been a sity and MSU. That figure is Last month, Western Michigan The number of rounds of golf rise recently in people seeking expected to rise to 1,000 annually University in Kalamazoo announced CRAIN’S played on Michigan’s 825 public lessons at Oakland Hills Country when the three other schools be- an anonymous $100 million cash and private courses declined 1.6 Club in Bloomfield Township. come fully operational. MICHIGAN BUSINESS gift to establish a private medical The course is regularly used by On the surface, this helps re- school at the public university. It Some expect courses like members to do business in a va- solve the physician shortage. But Battle Creek builds on its Shepherd’s Hollow near Clarkston is scheduled to open in 2014. the problem is acceptance into a Central Michigan University and strength, Page 11 to see more dealmakers this year. See Golf, Page 42 residency program at local teach- Oakland University also are launch- ing hospitals — U.S. medical ing new schools in 2012 and 2013, schools graduate roughly 25 per- Crain’s Lists respectively. All three expect to cent more students than the num- supply physicians to address the ber of openings available in resi- LEED-certified buildings state’s dire shortage of doctors. dency programs. and interiors, Page 17 CMU’s medical school will oper- These residency programs are ate as a public entity, while Oak- funded, in part, with $9.5 billion land’s, in collaboration with from Medicare. Largest Michigan law firms, William Beaumont Hospitals, will op- Michigan has 4,843 residents in erate privately. its hospitals, with no federal funds Page 35 Michigan State University also to hire more and no obvious av- opened an osteopathic medical enues to fund additional slots for school in September in Grand the growing medical student popu- This Just In Rapids. lation. The Michigan State Medical Soci- ety projects a shortage of 4,500 doc- See Residencies, Page 45 CEO group seeks strategies COURTESY OF SHEPHERD’S HOLLOW GOLF CLUB for urban redevelopment A project to develop strate- gies that the state can use to help communities redevelop Quake drying up supply of flashy pigment for car paint their urban areas has been launched by the statewide BY DUSTIN WALSH begin repairs, its location — a mere 28 miles CEO group Business Leaders CRAIN’S DETROIT BUSINESS from the Fukujima-Daiichi nuclear reactor — for Michigan. leaves its future questionable. The Urban Strategies Ini- Tuxedo Black, Blackberry Pearl and dozens And while the world waits for Japan’s nu- tiative is being conducted by of other metallic-infused paints used on vehi- clear crisis to come under control, U.S. automo- Lansing public policy think cles are in short supply — and that has metro tive suppliers are scrambling for alternatives tank Public Sector Consultants Detroit paint and coatings companies and re- as their supplies of Xirallic run out. Inc. and the Washington- search offices looking for workarounds or mak- DuPont Automotive, which operates its North based Brookings Institution, in ing contingency plans. American automotive coatings business in Mt. collaboration with Gov. Rick Darmstadt, Germany-based Merck KGaA pro- Clemens, is affected by the Xirallic shortage, Snyder’s administration, Busi- duces its patented Xirallic paint pigment solely said K. Nigel Budden, director of DuPont Perfor- ness Leaders said Friday. at its Onahama, Japan, plant, which was de- mance Coatings North America. Among other things, the stroyed by the 8.9-magnitude earthquake that “DuPont is making every attempt to work rocked the island nation in March. A Merck photo shows the making of Xirallic at Its See This Just In, Page 2 While workers have re-entered the plant to See Paint, Page 43 now-destroyed Onahama, Japan, plant. NEWSPAPER 20110411-NEWS--0002-NAT-CCI-CD_-- 4/8/2011 6:06 PM Page 1 Page 2 CRAIN’S DETROIT BUSINESS April 11, 2011 that it was seeking a cheaper fundraising environment, but ing for a new executive director. Crain’s staffers win THIS JUST IN headquarters location than its we’re thrilled to finally be here,” LeAnn Auer, who joined the current leased Ann Arbor space said Managing Director Tim MVCA in the fall of 2006 after 13 excellence awards ■ From Page 1 as it works to emerge from the Streit. He and partner Ryan years with Barclay’s Global In- Chapter 11 bankruptcy protec- Waddington are both veteran capi- vestors in San Francisco, has ac- Crain’s Detroit Business and sev- project will: review data for tion it entered on Feb. 16. talists who returned to Michigan cepted a position with the trea- eral members of the editorial staff Michigan’s metropolitan statis- It’s been at its 458,000-square- to vie for MSF funding and start sury team at Ford Motor Co. received accolades in the 2010 Ex- tical areas and compare it to re- foot headquarters at 100 Phoenix their own firm, which will invest The MVCA, which was found- cellence in Journalism awards of gions nationally; review best Drive, just south of I-94 near Bri- in alternative energy, advanced ed in 2002, has 160 members, in- the Detroit chapter of the Society of practices nationally; assess arwood Mall, since the mid-1990s. materials and manufacturing cluding venture capital firms, Professional Journalists. Michigan and federal urban The building is owned by and homeland defense. angel investors, economic devel- Awards were presented April 6. policies and programs, philan- Farmington Hills-based real es- The fund expects to hold a sec- opment organizations, universi- In the online journalism catego- thropic priorities and alignment tate investment trust Agree ond close in the next two months ties and service providers. ry, Crain’s website, crainsdetroit with goals and strategies of Realty. and a final close in a year. Those interested in replacing .com, was given a first-place award — Tom Henderson Michigan metropolitan leaders, The chain said 475 people work her should send a cover letter for having a “well-designed, easy to foundations and others. in the Ann Arbor headquarters, and résumé to lauer@michigan- navigate site that covers local busi- The project, which will include and its lease runs through 2023. vca.org by May 6. ness exceptionally well,” according recommendations on changes to — Bill Shea Shore Financial has new CEO — Tom Henderson to the SPJ. state and federal policy, is ex- Birmingham-based Shore Fi- Crain’s multimedia reporter pected to be completed by year’s New Huron River VC firm nancial Services Inc., a national Nathan Skid and Web Developer end. mortgage lender, has named Kip Robotics Day beats expectations Steve Williams won first place in the — Amy Lane to announce $7M close Kirkpatrick as CEO. He replaces multimedia feature category for Kathy Welty, who assumes the Attendance is expected to be their work on Crain’s annual 20 in Huron River Venture Partners, a new position of COO. double the anticipated turnout their 20s awards. fledgling venture capital firm in New York firm helping Previously, Kirkpatrick was Tuesday, when the National Cen- Assistant News Editor Jeff John- Ann Arbor, is expected to an- president and CEO of Kirkpatrick ter for Manufacturing Sciences and ston won first-place awards in the Borders search for area HQ nounce today that it has had a & Co., a merchant banking firm Robotics and simulator research best feature page design and edito- Real estate sources say that first close of $7 million of what is in Chicago. company Soar Technology Inc.
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