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Medical equipment startup funded by Mal Mixon begins to expand
Chuck Soder - A local startup that sells home medical equipment online and is funded by former Invacare CEO Mal Mixon is adding both humans and robots to its sales team.Care Motion recently raised...
View ArticleNervive gets $3.1 million grant to test stroke treatment device
Chuck Soder - Nervive Inc. of Akron has been awarded a $3.1 million federal grant to test its stroke treatment device on patients.The money will fund an early feasibility clinical study intended to...
View ArticleGreat Lakes NeuroTechnologies in line to receive key patent
Chuck Soder - Great Lakes NeuroTechnologies is on the verge of receiving a patent that will allow it "to start making deals," according to chairman and CEO Robert Schmidt.The Valley View medical...
View ArticlePhilips Healthcare to cease local manufacturing, cut employment here by 45%
Chuck Soder - Philips Healthcare plans to cease all manufacturing operations at its plant Highland Heights during the second half of 2018, cutting local employment by 45%.The company told Crain's that...
View ArticlePartsSource hires four new executives
Chuck Soder - PartsSource of Aurora has hired four new executives "to support its exceptional growth," the medical parts provider stated in a news release.Among those executives are two new senior...
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FDA report says Philips Healthcare mishandled thousands of complaints
Chuck Soder - The quality control problems that have plagued Philips Healthcare's Highland Heights facility for years never really went away.Philips mishandled 3,623 complaints describing problems...
View ArticleRecord number of health care companies raised capital in 2017
Chuck Soder - A record number of local health care companies raised growth capital in 2017.A total of 62 companies raised $218 million last year, according to figures from the BioEnterprise Midwest...
View ArticleBoston Scientific buys Securus for $40 million
Chuck Soder - Boston Scientific has acquired Securus Medical Group for $40 millionSecurus' shareholders, some of whom are in Northeast Ohio, could earn another $10 million if the medical device...
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