Radisphere has landed a $10 million equity investment as the radiology company looks to expand its community hospital customer base.Radiology outsourcing groups like Cleveland-area Radisphere have become increasingly popular with investors in recent years. The trend is being driven largely by technology advances and healthcare cost pressures, which have combined to create a lucrative market [...]

You can’t read much about the venture capital industry before you start hearing about the so-called “valley of death” for early stage companies.Conventional wisdom holds that young companies enter that valley, in which attracting investment capital becomes extremely difficult, at an early stage, typically between an initial round of angel funding and the company’s first [...]

A drug that’s already approved by the FDA has shown promise in clearing away a plaque in the brain that’s associated with Alzheimer’s disease, Case Western Reserve University researchers have found.The drug, bexarotene (brand name Targretin), in mice was able to reduce levels of Beta-amyloid plaque, a protein fragment that builds up in the brains [...]

An executive hired last year by Cleveland Clinic Innovations was faulted for destroying documents, misusing public funds for personal expenses and creating an uncomfortable work environment by having an office romance in his previous job at a Kansas economic development group, according to a recently released audit by the state of Kansas.However, the $960,000, 900-page [...]

Neurostimulation company Checkpoint Surgical has raised a $1.7 million series B round of investment and expects to win European regulatory approval of its intraoperative device shortly.The Cleveland-area company will use the new funding to boost its U.S. sales and marketing staff, CEO Len Cosentino said.var page_count = “off”; [...]

The chief executive of what was touted as a $100 million investment fund aimed in part at Ohio medical device companies has been indicted for his alleged role in the failure of a suburban Cleveland credit union.The indictment of 43-year-old businessman Eddy Zai, who was charged with 34 counts related to more than $16 million [...]

Sterilization products maker STERIS (NYSE:STE) reported that shipments of its System 1E sterilizer continue to fall below the company’s earlier projections.The Mentor, Ohio-based company now projects that it’ll ship 4,000 System 1E units in its fiscal 2012, which is scheduled to end on March 31, company executives said Tuesday in a conference call to discuss [...]

Two Cleveland medical research hotshots are teaming up in the lucrative quest to prevent traumatic brain, neck and spine injuries and create new strategies for concussion recovery, diagnosis and prevention.The Cleveland Clinic and Case Western Reserve University will form the Cleveland Traumatic Neuromechanics Consortium, the institutions announced Friday, pairing the Clinic’s talent in medical research, [...]

Healthcare was nowhere to be found between Budweiser and Clint Eastwood Super Bowl commercials. Instead, healthcare systems chose the local route for their 2012 Super Bowl advertising. If you were in California, Minnesota, Ohio, Virginia or other markets you saw local hospitals and healthcare Super Bowl ads.The Children’s National Medical Center in Washington, D.C. ran [...]

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 [...]