Syncro Medical Innovations has raised additional debt to help pay for aggressively pushing an improved version of its innovative feeding tube to market.The Youngstown startup has been selling the Syncro BlueTube feeding tube to at least one hospital for four years. But after investing $2 million over the last two years to significantly change the [...]
[Read more of this report]Trustees of Forum Health in Youngstown will decide during the next two weeks whether to sell part or all of their health system — or reorganize its operations so it can emerge from bankruptcy court. The trustees will deliberate over bids for assets in private. The health system has said nothing yet about the bids, which were due Friday.
[Read more of this report]The money will help help bring its Syncro Blue Tube device to market by the end of this year.
[Read more of this report]Youngstown hospital system Forum Health is reorganizing under Chapter 11 of the federal bankruptcy code “in a strategic move to preserve choice and continuity of quality health care in the Mahoning Valley.” The system cited a heavy debt load, population declines in its communities, the nation’s economic recession and restrictive labor agreements as reasons for the bankruptcy filing.
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