It’s no wonder that Cleveland Clinic has placed an increased emphasis on commercializing medical innovations by its doctors.
Cleveland Clinic CEO Toby Cosgrove revealed in a recent interview that the $78 million sale of Clinic neurotechnology spinoff Intelect Medical to Boston Scientific (NYSE: BSX) in January returned an impressive $28 million to the health system.
“We’ve spun off about 35 companies,” Cosgrove told the online journal of the University of Pennsylvania’s Wharton School. “We just had one purchased, which returned about $28 million to the Cleveland Clinic.”
To read the full, original article click on this link: Cleveland Clinic CEO: Intelect Medical sale returned $28M to hospital
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