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West Side Business News & Notes

4/4/2013 - West Side Leader
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By Staff Writer

Biomedical company relocates from Kentucky to West Akron

WEST AKRON — The city’s Akron Development Corp., through its Akron BioInvestment Funds LLC, has announced a Kentucky biomedical company is relocating its headquarters to Akron.

The Akron BioInvestment Funds has provided financing to OrthoData Inc. in support of its effort to commercialize a new spine fusion sensor — a diagnostic system that allows surgeons to accurately assess the success of spinal fusion and eliminate the need for unnecessary exploratory surgery, while also accelerating patients’ return to work after surgery. The Akron BioInvestment funding has enabled OrthoData to attract additional backing from various private sources throughout the country, totaling $1.1 million, according to city officials.

In return for the funding, OrthoData has relocated its operations, which includes research, development and commercialization, to Akron. OrthoData is now headquartered in the White Pond Crossing Development, off White Pond Drive. Initially, the company will have three to four employees, but plans to expand as needed.

“Being a Northeast Ohio native, I am excited to be spearheading the development of our transformational technology in Akron, Ohio,” said Ric Navarro, president and CEO of OrthoData Inc. in a press release. “We have interest and support from leading spine surgeons at the Crystal Clinic and MetroHealth System and look forward to working with the Austen BioInnovation Institute in Akron. Our spine fusion sensor, the IntelliRod™, will lead to lower costs, less radiation exposure for patients and new post-operative diagnostic data for surgeons.”

 

Bath Creek Estates open house set for April 9

CUYAHOGA FALLS — Saber Healthcare Group opened its newest health care facility, Bath Creek Estates, in February. 

Located at 186 W. Bath Road, Bath Creek Estates is a new skilled nursing and rehabilitation center that specializes in short- and long-term skilled nursing care and rehabilitation. 

In celebration of its opening, Bath Creek Estates will have a ribbon-cutting ceremony April 9 at 6 p.m. The ceremony will be attended by the owners of Saber Healthcare Group, Cuyahoga Falls Mayor Don Robart and other community and health care leaders, according to company officials.

Saber HealthCare Group was created in 2001 with the acquisition of two skilled nursing facilities in the Cleveland area. Located in Bedford Heights, Saber Healthcare Group currently operates 68 facilities located in Ohio, Pennsylvania, Virginia, North Carolina and Florida.

 

Stephanie Kist contributed to these reports.

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