Hospitals

Night Read (Ohio): Brookings Institution report calls for VC fund for Great Lakes states

Ohio and its neighboring states need a massive venture capital fund that pumps money into businesses, says a white paper, Turning up the Heat: How Venture Capital Can Help Fuel the Economic Transformation of the Great Lakes Region, released today by the Brookings Institution.

News and notes from a day in MedCity, Ohio:

Ohio and its neighboring states need a massive venture capital fund that pumps money into businesses, says a white paper, Turning up the Heat: How Venture Capital Can Help Fuel the Economic Transformation of the Great Lakes Region, released today by the Brookings Institution public policy think tank, the Business Courier of Cincinnati reported.

UT-Battelle, a unit of Columbus-based Battelle, the product research, development and commercialization organization, has licensed tissue regeneration inventions to NellOne Therapeutics Inc. that could lead to therapies that restore both mass and function to damaged human tissues, according to a EurekaAlert! release.

RSB Spine LLC in Cleveland said the U.S. Food and Drug Administration has approved the company’s application to sell its InterPlateC-PS and L-PS Interbody Spacers, according to a PRNewswire release.

Health Care REIT Inc. in Toledo has declared a 68-cent-a-share cash dividend for the quarter ended Dec. 31. The dividend will be payable Feb. 19 to stockholders as of Feb. 8, according to a BusinessWire release.

Deaconess Associations Foundation has given a $500,000 gift in the name of the Heimlich Institute to fund cellular research at Hoxworth Blood Center at the University of Cincinnati, the university said in a release.

Summa Health System in Akron recently received $140,000 in grants to help fill a health-care gap in the community, according to the Akron Beacon Journal.

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Magruder Hospital in Port Clinton and Fisher-Titus Medical Center in Norwalk will partner to spend $30 million to be the first hospitals in the country to go all digital, according to the Sandusky Register.

While being treated for acute lymphoblastic leukemia, Patrick Yovanov, a University of Cincinnati industrial design student, experimented with clips to tie up the exposed lines of the intravenous catheter that fed him with chemotherapy, blood transfusions and other treatments, according to hiVelocity. Yovanov came up with a folding plastic clip that discreetly stows and supports the lines and is working with medical device companies to manufacture it.

The Meadows Health Care Center in suburban Cincinnati has received the Award of Excellence from the Ohio Academy of Nursing Homes for meeting or exceeding stringent nursing home requirements, according to a PRWeb release.