Don’t let it be said that a telemedicine startup that bills itself as an ATM for healthcare is lacking in optimism.The top executive with Columbus, Ohio-based HealthSpot told Columbus Business First that the startup projects that it’ll hit $1 billion in annual revenue within five years. Even with the telemedicine market expected to boom in [...]

Mayo Clinic beat Cleveland Clinic in the much-hyped and highly questionable U.S. News and World Report‘s list of America’s best hospitals.But at least Cleveland Clinic can take solace in the fact that it’s the clear victor in a comparison of the two heavyweight hospital systems’ websites, according to a recent edition of Website Smackdown at [...]

Home health products supplier Invacare (NYSE:IVC) is still enmeshed in negotiations with the U.S. Food and Drug Administration over a possible shutdown of some wheelchair production at an Elyria, Ohio plant.In December, Invacare announced that the FDA had asked it to enter into a legal agreement that would require the company to suspend “certain” wheelchair [...]

Web-based staff scheduling company OnShift has closed a $3 million series B round of investment.MedCity News yesterday reported that OnShift had closed a round, but company officials declined to disclose the dollar amount at the time.The latest round was led by an unspecified client of West Capital Advisors, which comanages strategic venture funds on an [...]

Pharmaceuticals distributor and medical products supplier Cardinal Health (NYSE:CAH) plans to make $90 million in acquisitions this year to boost its business in China.Dublin, Ohio-based Cardinal entered the Chinese market with the $470 million acquisition in 2010 of Chinese drug distributor Yong Yu.var page_count = “off”; [...]

It was a glimpse back into the halcyon days of the tech boom over a decade ago: a promising IT startup hosts a party at a large venue, the CEO’s band performs and the drinks and conversation flow freely.Except it was 2012 and Cleveland Clinic spinoff Explorys, the party’s host, is one of the leaders [...]

Healthcare scheduling software developer OnShift will double down on a new state loan and expansion plans with a new round of private fund-raising.A regulatory document said the company has raised $4.5 million in equity, though the company says that number is inaccurate for the current round. OnShift is expected to formally announce its fund-raise on [...]

Stem cell therapy developer Athersys (NASDAQ:ATHX) reported positive results from a phase 1 clinical trial in patients with leukemia and similar blood diseases.The trial showed that the company’s MultiStem technology may reduce the incidence and severity of graft-versus-host disease, according to a statement from Cleveland-based Athersys. Graft-versus-host disease (GvHD) often occurs after a stem cell [...]

A recent discussion on the popular MyBio community on LinkedIn focused on a simple question: What books would you recommend an entrepreneur read before starting a biotechnology or pharmaceuticals business?About a dozen members of the community offered their thoughts. The list below provides a brief look at five books suggested in the conversation.var page_count = [...]

Stem cell developer Athersys (NASDAQ:ATHX) has received $3.6 million in new grant funding, with one of the grants going toward studying its MultiStem technology for the treatment of traumatic brain injury.A $1.9 million grant to study traumatic brain injury (TBI) comes from the National Institute of Neurological Disorders and Stroke, according to a statement from [...]