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DBusiness Daily Update: Michigan Leads Venture Capital Growth in Region, Sale of Henry Ford Village Approved, and More


DBusiness Magazine
DBusiness Daily Update: Michigan Leads Venture Capital Growth in Region, Sale of Henry Ford Village Approved, and More
Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message.
Courtesy of Bridge.
Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies, including updates about the COVID-19 pandemic. To share a business or nonprofit story, please send us a message.
Michigan Leads Venture Capital Growth in Great Lakes Region ....

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U.S. Bankruptcy Court Approves Sale of Henry Ford Village to Sage Healthcare Partners Affiliate


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DEARBORN, Mich., May 24, 2021 /PRNewswire/  Henry Ford Village ( HFV, the community ) today announced that the United States Bankruptcy Court in the Eastern District of Michigan has approved the sale of substantially all of HFV s assets to HFV OPCO, LLC, an affiliate of Sage Healthcare Partners ( Sage ), for $76.3 million, subject to entry of final agreed orders. The transaction remains subject to regulatory approvals and customary closing conditions, and HFV anticipates the sale will be completed in approximately 90 to 120 days.
The path forward for the community centers around its inclusion in Sage s network of senior living communities, and includes plans to increase programmatic activities for residents and employees while investing to improve HFV s campus more broadly. Sage has also pledged to uphold HFV s current commitments to maintain the health, safety and lifestyle of its residents. ....

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Smithville Chamber of Commerce prepares move to new building Downtown


The Smithville Chamber of Commerce congratulates the winners of the 2021 Smithville mayoral, City Council and school board elections. Thank you for your willingness to serve the community.
As many of you may know, we just passed the two-year anniversary of the loss of our building to fire in 2019. The silver lining to all of this is our beautiful new building at the end of Main Street; official address: 106 NE First St. We have been so excited to watch the building take shape and we can’t wait to start moving in. We will be closing the chamber on May 19-21 to make the big move into the new building and assist with the completion of the museum. Many big “thank yous” go out to Murphy’s Vintage for their incredible work designing and installing the museum artifacts and to Dave Felker for managing the restoration of the artifacts. It has been an emotional journey and the entire chamber board and staff thanks: Jack Page, Robert Tamble, Bennie Rooks, Scott Saunders, Joanna ....

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Henry Ford Village files for Chapter 11 bankruptcy; pledges business as usual


Dearborn’s Henry Ford Village is operating with a business-as-usual approach while a Chapter 11 bankruptcy filing works its way through the courts.
First announced in late October, the retirement community is taking the action to reorganize its finances and to build a stronger future, officials said.
According to a release from HFV, the legal process will help them improve their debt structure and other financial burdens, and grant the flexibility needed to make capital improvements.
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Under Chapter 11, HFV can continue day-to-day operations while working toward the financial goals laid out in the filing.
The community has remained fully operational throughout the restructuring process.  ....

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