In the News
Crain's Cleveland Business
Cleveland Clinic plans massive spending campaign in 2010 – February 25, 2010
Cleveland Clinic will spend $848 million on renovations and construction across the health system this year and is looking for ways to continue to expand its footprint locally, nationally and abroad.
The Plain Dealer
LMN Architects of Seattle chosen by Cuyahoga County and MMPI to design medical mart and convention center in Cleveland – February 25, 2010
Patience has paid off for LMN Architects. Today, the Seattle-based architecture firm has been named conceptual designer of what Cleveland hopes will be the nation's first medical mart, plus a rebuilt Cleveland convention center. LMN is an award-winning firm known primarily in the Pacific Northwest and California for designing new or renovated convention centers and public assembly spaces such as Benaroya Hall, home of the Seattle Symphony and the Vancouver Convention Center.
PR Newswire
$1.1 Billion Invested in 183 Companies in the Cleveland Plus Region in the Past Five Years, January 26, 2010
The 2009 Venture Capital Report for the Cleveland Plus Region announces that between 2005 and 2009, $1.1 billion has been invested by venture capitalists and angel investors in 183 unique companies in the region. In the last five years, these 183 Northeast Ohio companies have received 348 investments, contributing to the state of Ohio's 2009 ranking as a top ten state for investment deal activity. In addition, in the past five years, more than 80 investors from outside the region have invested in Northeast Ohio companies. Read more to learn about the region's core activity.
Inside Business
Power 100, January 20, 2010
Dr. Toby Cosgrove was named number one in Northeast Ohio’s list of most influential people. You need a map to track his influence. Cosgrove wields more power in more spheres of influence than anyone in Northeast Ohio. He’s the president and CEO of Cleveland’s largest employer, overseeing 40,000 workers and a $5 billion health care system — and he’s also a civic leader, innovator, entrepreneur, public-health crusader and inventor.
Medical Devices
The New Way for Medical Manufacturers to Go to Market, Fall 2009
Learn how traditional sales and marketing strategies for medical devices and supplies in the U. S. healthcare industry are changing and how the “mart” concept is meeting these new demands.
Crain's Cleveland Business
The Interview: Anthony Prusak, Director of Convention Sales, MMPI, September 28, 2009
Completion of the physical Cleveland Medical Mart & Convention Center is still a few years away but work is already being done to attract meetings and events to the complex. Hear what Anthony Prusak, Director of Convention Sales, has to say about his new role and the project benefits.
New York Times
36 Hours in Cleveland, September 20, 2009
Cleveland's vibrant spirit is shining. Local entrepreneurs, bohemian dreamers and chefs are sinking roots; opening a wave of funky boutiques, offbeat art galleries and sophisticated restaurants; and injecting fresh life into previously rusted-out spaces. NYT's Travel section highlights Cleveland's best restaurants, activities and entertainment.
Cleveland Plain Dealer
MMPI working at frantic pace on Cleveland medical mart project, September 20, 2009
MMPI has worked largely out of public view since signing a complicated contract in April to build and operate the med mart and convention center for Cuyahoga County, but its pace has been manic. MMPI representatives have been meeting with Cleveland building officials, interviewing potential contractors, assembling an advisory board of health care experts, working with Positively Cleveland and the Greater Cleveland Partnership, negotiating contracts and land deals and brainstorming with Cleveland Clinic and University Hospitals doctors and nurses.
U.S. News & World Report
America’s Best Hospitals: the 2009 – 10 Honor Roll, July 15, 2009
Cleveland Clinic and University Hospitals once again received top honors in America's Best Hospitals, an annual ranking of the country's elite medical centers, by U.S. News & World Report. Cleveland Clinic's heart program ranked first in the nation for the 15th straight year, while the hospital as a whole ranked fourth overall. The Clinic was ranked among the top 10 in 12 specialty areas, while University Hospitals Case Medical Center was ranked among the top 50 in five areas.
Crain's Cleveland Business
City Club audience hears optimistic med mart proponents, June 29, 2009
Before a packed CIty Club of Cleveland audience that was near-unanimous in its support by a show of hands for the planned medical merchandise mart and convention center, the project’s proponents gave little glimpses of encouragement to the sold-out audience.
In response to a question about whether breaking ground on the $425 million project is a sure thing, Christopher Kennedy, president of Merchandise Mart Properties Inc., the project’s developer, said, “I don’t think there is a bump in the road that can dislodge us from future progress.”
Dr. Toby Cosgrove, CEO of the Cleveland Clinic and the spark behind the project, said he has had expressions of interest in the medical mart in talks with executives of two large medical imaging firms. He said his conversations were with executives of Phillips Medical Systems and General Electric Co., who expressed interest in displaying their magnetic resonance imaging and other diagnostic equipment at the planned mart.
Crain's Cleveland Business
Educators Must Embrace Med Mart Plan, June 1, 2009
A golden opportunity, one that could fundamentally change the foundation of economy and business here [in Cleveland] — an opportunity that could completely transform the face of commerce in Ohio: the medical merchandise mart.
The medical mart, and all of the tangential business and industry opportunities it will foster, capitalizes on areas where Northeast Ohio is inherently strong and uniquely poised as world leaders: Medicine, biotechnology, bioenterprise. Cleveland is established, internationally, for excellence in medicine with Cleveland Clinic, University Hospital Health Systems, and Rainbow Babies and Children's Hospital, among many others. And Northeast Ohio is rich in higher education as well, with Hiram College, Case Western Reserve University, Kent State University, Cleveland State University, John Carroll, Baldwin-Wallace, Ursuline, Notre Dame, Lake Erie College, Tri-C ... the list goes on.
The medical mart will make Cleveland command-central for displaying medical implementations and innovations. It will create a world of collateral career opportunities for those graduates who pursue fields of basic medical science, biotechnology, bioethics, research, public advocacy or public policy.
Plain Dealer Editorial
Cleveland Medical Mart Development Deal Works, So Far, April 12, 2009
This week, the Cuyahoga County commissioners and Merchandise Mart Properties Inc. of Chicago are to become formal business partners. Until now, their discussions about developing a medical equipment market and convention center downtown have taken place under terms of a nonbinding memorandum of understanding. Thursday, in all likelihood, they will sign their first legal contract.
Broadly, the agreement tries to balance the interests of a private developer and county taxpayers who, for the next 20 years, would foot almost all of the bills to design, build and operate the showrooms and a meeting center marketed primarily to the health care industry, but ultimately owned by the public.
Cleveland Magazine Politics
MMPI's Falanga: the case for a Med Mart, April 10, 2009
I talked today with MMPI vice-president Mark Falanga, who gave me a better explanation than I've heard before about why MMPI thinks the Medical Mart will be successful.
The showrooms will offer "tremendous economic benefits for a company," Falanga says. "They can set up their equipment in a manner best suited for showing off the benefits of their equipment. They'll have permanent displays, and not have to move all over the country. The company can benefit from the traffic of each of the trade shows cycling through the facility over a year."
MedCity News
MedCity Morning Read, April 9, 2009
If all goes well, construction for the Cleveland medical mart and convention center could get underway as early as next year. That is one of several notable details in the tentative development agreement between Cuyahoga County and Merchandise Mart Properties Inc. that was released Wednesday.
Cleveland Plain Dealer
Medical Mart contract details how Cuyahoga County taxpayers' millions will be spent, April 9, 2009
The long-awaited deal for the proposed $425 million medical mart and convention center ensures that Cuyahoga County taxpayers can track every penny of the public's money spent on design and construction.
That guarantee of public accountability -- all construction and design bills will be public records -- is just one provision in a 48-page contract that commissioners expect to sign next week with Chicago-based Merchandise Mart Properties Inc.
Crain’s Cleveland Business
Cleveland convention center, medical mart draft agreement reached, April 9, 2009
After more than a year of negotiations, a draft agreement has been reached to build a new trade show complex in downtown Cleveland.
The 61-page agreement lays out the plans for Cuyahoga County and Merchandise Mart Properties Inc. of Chicago to build and operate a convention center and medical merchandise mart, but it does not select a site for the complex. Cuyahoga County commissioners are expected to vote on accepting the agreement hammered out by attorneys over the last year at their April 16 meeting.
