20100412-NEWS--0001-NAT-CCI-CD_-- 4/9/2010 5:30 PM Page 1 ® www.crainsdetroit.com Vol. 26, No. 15 APRIL 12 – 18, 2010 $2 a copy; $59 a year ©Entire contents copyright 2010 by Crain Communications Inc. All rights reserved Page 3 Turnaround UM center may get millions on the rise as Awrey Funds would expand depression treatment Bakeries BY JAY GREENE “Michigan suffers from 900 to looks to CRAIN’S DETROIT BUSINESS STATE PUSH 1,000 deaths by suicides each year, most attributable to depres- mark 100 The University of Michigan Depression Center may Health care: sion,” said Greden, a psychia- Two lawmakers Wallace become one of the nation’s first federally designat- trist. “One in five people have a ed depression centers of excellence, making it eligi- say Michigan needs its own form of depression. Most are ble for $5 million in annual funding beginning in Drop in home sales reform plan, treated in non-psychiatric set- COURTESY UM DEPRESSION CENTER expected as credit ends 2011. Page 4 tings, so centers of excellence The UM Depression Center, the first While federal health care leg- must have strategies to work comprehensive center in the U.S., gets islation authorized $1.2 billion in with primary-care groups and other providers.” 50,000 patient visits annually. Four counties kick in funds funding for 30 depression cen- The federal bill proposes $100 million annually ters nationally over the next 10 for 20 depression centers the first five years, and WHAT’SNEW years, Congress must still ap- for new jobs portal another $150 million for up to 30 centers the next New federal health care legislation prove an appropriations bill to five years. authorized $1.2 billion for 30 depression fund the program. Greden said Sen. Debbie Stabenow, D-Mich., pro- centers nationally over 10 years. Policy “We feel it deserves to be fund- posed the depression funding and worked to keep ed because clinical depression is the amendment in the final bill. Greden the second most-costly disorder of Manuel Tancer, M.D., chairman of psychiatry at THE REACH OF HEALTH CARE REFORM all medical diseases we face in the U.S.,” said John Wayne State University School of Medicine, said UM’s A look at six areas impacted by health Greden, M.D., executive director of the UM Depres- designation as a federal center of excellence could reform legislation, including Medicaid, sion Center and founding chairman of the National Medicare, chronic disease treatments Network of Depression Centers. See UM center, Page 21 and health centers. Pages 10-12. Airport, The pros and cons of a state W.Y. Campbell & Co. founders constitutional convention, Page 8 leave after buyback talks end manager talk This Just In new contract U.S. treasurer to speak BY TOM HENDERSON at Marygrove graduation AND RYAN BEENE CRAIN’S DETROIT BUSINESS No suggestion Marygrove College has an- nounced that U.S. Treasurer William Campbell has left the Rosie Rios will deliver the firm that bears his name — De- of any barriers keynote address at its com- troit-based W.Y. Campbell & Co. — as has his co-founder, William mencement ceremonies on BY BILL SHEA McKinley. May 15. CRAIN’S DETROIT BUSINESS Rios became treasurer of Two other investment bankers the United States last year. also have left to form their own The manager who led Detroit Rios also serves on Presi- firm after discussions to buy the Metropolitan Airport to its “best dent Barack Obama’s White company back from Comerica Inc. large airport” ranking by J.D. Pow- House Council on Women ended in late March. er and Associates is near the end of and Girls. W.Y. Campbell was founded in his contract, and it’s unclear what David Fike, Marygrove 1988 and was the first investment barriers may stand in the way of a president, said the college banking firm in the city. Until new one. was honored Rios agreed to then, companies looking to do NATHAN SKID/CRAIN’S DETROIT BUSINESS The airport’s governing board deliver the address. “As a mergers or acquisitions had to use William Campbell co-founded W.Y. Campbell & Co. in 1988. It was the first has extended investment banking firm in Detroit. key federal official with firms in New York or Chicago. Lester Robin- broad experience in econom- Comerica bought the company son’s contract a ic development issues, I in 1995 for an undisclosed sum. the next few staff by the end of the year. month while ne- know her message will be Cliff Roesler, a former managing weeks. ON VIDEO Roesler joined W.Y. Campbell gotiations on a director at W.Y. Campbell, and Roesler, in 1996 from Coopers & Lybrand. one our graduates, their In his words: new deal contin- friends and family will re- Kevin Marsh, a former director, managing di- Marsh, a director at the new ue. rector of the Campbell talks firm, joined W.Y. Campbell in member,” said Fike. left the firm March 29 to start their about his first Robinson, — Brett Callwood own company, Angle Advisors-Invest- new firm, deal at 2007 after doing M&A work for who became air- ment Banking L.L.C., and hope to said he ex- crainsdetroit.com J.P. Morgan Chase in Chicago and port manager in See This Just In, Page 2 open an office in Birmingham in pects at least /williamcampbell New York, and for Southfield- 2000 and CEO in Robinson some of the 13 based Questor Management Co. charge of day-to- investment bankers still at W.Y. L.L.C. day operations when the Wayne Campbell to join Angle. “We don’t discuss personnel County Airport Authority was created He said Comerica has been in matters or comment on any ru- by the Legislature in 2002, has had discussions with the 13 to keep mors or speculation,” said his contract renewed, with them working on current pro- Wayne Mielke, Comerica’s vice changes, four times. jects and that he hopes to land president for corporate commu- His current contract, which some or all of them after they nications. “That being said, W.Y. pays him $215,000 annually, ex- wind down their current deals. Campbell & Co. clients continue pires April 30. The authority, at its He said he hopes to have 12 to 15 to be served in the most effective NEWSPAPER investment bankers on his new See Campbell, Page 20 See Airport, Page 20 20100412-NEWS--0002-NAT-CCI-CD_-- 4/9/2010 5:53 PM Page 1 Page 2 CRAIN’S DETROIT BUSINESS April 12, 2010 its share of ticket sales receipts weekend, for Pittsburgh-based the statement, “many states are THIS JUST IN The way it was: 1985 from five concert performances. PNC Financial Services Group, which finding it more difficult to con- The lawsuit also alleges Hill- closed on its acquisition of NatCi- tinue to fund their share of the ■ From Page 1 Throughout our 25th-anniversary side has sought for Live Nation ty in December 2008. cost.” Peters has introduced leg- year, Crain’s will use this space to produce additional shows at The name change affects 119 islation that would reduce the UM medical school gets grant to look at interesting items from Freedom Hills in order to re- branches and 150 ATMs in cost share. past issues. ceive payment. Southeast Michigan. — Nancy Kaffer for oncology research — Chad Halcom — Tom Henderson Ann Arbor-based Southwest In terms of Detroit leads U.S. in sales Oncology Group and the University “ Livonia insurance firm Rep. Peters, Commerce official of Michigan Medical School have production, of bank-owned homes received a $63 million grant that put into reorganization to meet with small-biz owners The Detroit area topped the na- is the largest in school history, technology, Ingham County Circuit Court U.S. Rep. Gary Peters, D-Bloom- tion in January with 48 percent said Dr. James Woolliscroft, dean Judge William Collette on Thurs- field Hills, and U.S. Deputy Sec- of residential transactions being of the medical school. directors, writers, with the day issued an order that placed retary of Commerce Dennis High- bank-owned sales, according to a The UM grant from the Nation- Livonia-based American Commu- tower will meet with local report issued by Santa Ana, al Cancer Institute is part of a possible exception of sound nity Mutual Insurance Co. into re- small-business owners and state larger $120 million NCI grant Calif.-based research firm First reinforcement, there is noth- habilitation. officials today in Farmington American CoreLogic. that will be distributed over six Hills to talk about the future of a Rehabilitation is corporate re- Riverside, Calif., was the years to Southwest’s other mem- small-business support pro- ing we don’t have (in organization under Chapter 81 leader in the total number of dis- ber institutions. gram, according to a statement. of the Michigan Insurance Code. — Jay Greene Funding for the U.S. Depart- tressed sales, though Detroit Detroit). Collette named Commissioner ment of Commerce’s Manufactur- ranked six in that category. ” Ken Ross of the Michigan Office of Nationally, distressed real es- Plaintiff moves lawsuit over ing Extension Partnership, John Hammond, Financial and Insurance Regulation which provides technical and tate sales — such as short sales concerts to federal court Detroit Producers Association as the health insurance compa- business assistance to small and bank-owned sales — repre- ny’s rehabilitator. sented 29 percent of all real estate Live Nation Entertainment Inc. From a March 11, 1985, article manufacturers, is shared by the The order allows OFIR to eval- federal government, state gov- transactions, the highest since moved its lawsuit against Ster- about metro Detroit’s healthy film uate American Community’s fi- ernments and local businesses.