February 3, 2012

HealthSpot hopes compact kiosks can be next big thing in medicine
Carrie Ghose, Staff reporter – Business First

Sleek blue pods will be sprouting in clinics and pharmacies across Ohio by summer, giving patients convenient access to a medical appointment but requiring a do-it-yourself element as they operate stethoscopes and thermometers while talking to doctors on videoconference.

A 20-minute visit to a HealthSpot Inc. kiosk will cost about $60 and can net patients a diagnosis and a prescription right away.

CEO Steve Cashman says the Dublin business, HealthSpot can provide the long-sought pathway to easily accessed, lower-cost, more-effective health care.

February 3, 2012

Midwest Health Care Startups Raise $810 Million in 2011
Minnesota, Ohio, and Missouri Leading States

CLEVELAND, Jan. 30, 2012 /PRNewswire/ — Midwest health care companies attracted $810 Million in new investments across 178 companies in 2011 according to the BioEnterprise Midwest Health Care Venture Investment Report.  The total dollars attracted is up by ten percent from 2010; however it remains below the peak year of 2007.  Minnesota ($223 million), Ohio ($178 million), and Missouri ($169 million) led Midwestern states in attracting investment dollars; Minneapolis, Cleveland, and St. Louis were the leaders among Midwest regions.

“As in other regions of the country, overall health care venture activity has increased slightly but remains below historical highs,” said Baiju R. Shah, President & CEO of BioEnterprise, the Cleveland-based biomedical venture developer. 

By sector, the 2011 equity funding was allocated as follows:

•Medical device companies:  $295 million (36%)
•Health care IT and service companies: $259 million (32%)
•Biopharmaceutical companies: $251 million (31%)
“While medical devices continues to be the Midwest’s strongest sector, investors have shown an unusually high level of investment interest in Health IT opportunities.  Venture investors are drawn by both providers and payers searching for health IT applications that can improve effectiveness and efficiency of their enterprises,” said Shah.  “At the same time, Midwest biotechs are suffering from the national venture industry’s shift away from early-stage biotech investing.”

The Midwest Health Care Venture Investment Report includes all reported numbers and regionally collected data. For complete state and region results across the Midwest, see the attached table. To view additional data about Midwest health care business activity visit www.bioenterprise.com/Reports/.

 Table:  Midwest Health Care Venture Investment (By State)

State 2011 2010 2009 2008 2007
  $ Millions # of Cos. $ Millions # of Cos. $ Millions # of Cos. $ Millions # of Cos. $ Millions # of Cos.
Illinois 44.2 9 160.9 11 38.9 8 97.3 13 125.5 7
Indiana 14.1 9 25.05 16 76.3 14 75.4 7 135.6 10
Iowa - - 7.3 1 36.8 3 4.0 1 - -
Kansas 18.5 2 14.5 13 4.3 5 16.9 9 56.6 6
Kentucky 11.5 7 11.4 4 97.3 7 19.2 6 32.0 4
Michigan 30.8 16 76.3 12 102.2 14 105.0 12 56.2 5
Minnesota 223.3 24 138.7 20 199.0 23 318.9 22 296.1 25
Missouri 168.7 9 19.9 9 65.8 8 50.2 11 69.6 7
Ohio 177.8 67 147.2 47 105.4 40 189.1 43 295.5 44
Western Pennsylvania 67.0 25 86.2 20 37.8 24 126.2 33 101.4 17
Wisconsin 53.8 9 51.3 9 16.2 10 48.5 8 56.2 12
Total 809.6 178 738.9 161 780.0 156 1,050.5 165 1,224.7 137

 

Table:  Midwest Health Care Venture Investment (By Region)**

Region 2011 2010 2009 2008 2007
  $ Millions # of Cos. $ Millions # of Cos. $ Millions # of Cos. $ Millions # of Cos. $ Millions # of Cos.
Chicago 44.2 9 160.9 11 38.9 8 97.3 13 125.5 7
Indianapolis 11.5 7 18.5 9 41.2 9 73.0 6 113.6 8
Louisville 11.4 6 11.4 4 2.5 4 13.4 3 6.2 2
Detroit-Ann Arbor 23.0 10 46.5 8 68.8 7 89.0 8 56.2 5
SW Michigan 7.8 6 29.8 4 14.5 5 16.0 2 - -
Minneapolis 223.3 24 138.7 20 199.0 23 318.9 22 296.1 25
St. Louis 112.7 8 18.9 9 27.8 7 47.2 10 57.6 6
Kansas City* 18.5 2 15.4 13 42.3 6 19.9 10 68.6 7
Cincinnati* 37.3 6 8.5 4 121.2 8 19.2 2 64.6 10
Cleveland 124.7 40 135.1 33 66.3 21 163.5 31 241.8 28
Columbus 15.1 19 3.1 5 12.4 13 6.4 10 14.2 7
Pittsburgh 67.0 25 86.2 20 37.8 24 126.2 33 101.4 17
Wisconsin 53.8 9 51.3 9 16.2 10 48.5 8 56.2 12

* Border MSAs such as Kansas City and Cincinnati include deals from both states in those geographies; deals are aggregated into state totals based on the MSA’s principal state

**Regions’ totals do not equal states as not all areas are included in list of regions

Sources: Compiled by BioEnterprise team from Venture Wire, Private Equity Week, Wall Street Journal, Venture Source, SEC Filings, company press releases, www.biospace.com, and Midwest bioscience organizations and institutions.

January 31, 2012

Learn to be a welder and jobs will be plentiful.
CantonRep.com staff report

Timken High School welding instructor Richard Thomas theorizes the current dearth of trained/certified welders can be traced to the advent of the computer.

“That started 20 years ago when computers took over, and people were saying, ‘Oh, you need to go to college and get into computers. You don’t want to weld. It’s hard work.’ And they started shying away from it,” he said.

“Maybe there is not a lot of excitement; maybe that’s what some think. But when you look at welders, they get paid hospitalization, paid holidays, paid vacations — the full benefits package.”

Whatever the reason, welders are in great demand here, and the shortage is glaring. To be succinct, any time there is the need to adhere metal to metal, a welder is the professional for the job.

“I have industry people calling me because I’m a CWE (certified welding educator). A lady called me the other day and said she needed 40 welders, and I told her, ‘Good luck.’ With East Manufacturing (in Randolph) and MAC (trailer manufacturing) in Alliance, there’s a demand for hundreds of welders in a 50-mile radius, and we haven’t really had much contact yet with the oil-field people.”

Technical schools are answering the call, exposing more students to welding and its employment opportunities.

At R.G. Drage Career Technical Center, Scott Burdge has spent 22 years teaching welding skills. Seeing former students progress in their careers, he said, is especially satisfying.

“My placement of jobs this year has been phenomenal,” said Burdge, who has 50 juniors and seniors in the program this year. “I already have seven students employed in an early placement program. Kids are starting between $10 and $15 an hour with full benefits, but they’ll move up to whatever the union rate is.”

Burdge, himself a 1980 Drage graduate, said his students will be ready to fill job openings for oil and gas drilling ventures here.

“People are really starting to see that you need a trade,” he said.

STARK STATE AMPING UP

Some 65 welding students are enrolled in Stark State College’s one-year welding certificate program. The classes prepare them to take the American Welding Society certification test.

“It’s doubled easily. So have the number of jobs,” said Donald Ball, dean of engineering, industrial and emerging technologies at the school. “Everyone from Timken to Marathon Petroleum to the oil and gas industry, they’re all looking for qualified welders.”

Ball said the program is a melange of demographics.

“Women, minorities, senior citizens and individuals right out of high school,” he said. “You might be surprised. A lot of the time, senior citizens are coming in order to get a part-time job or to become a welding inspector. If you can strike an arc and weld something, now there’s a skill.”

Ball fields frequent employer requests and regularly places students in their first welding jobs.

The demand for trained welders has increased so much that plans are being made to create a new Stark State welding technology lab either on the Jackson Township campus or a satellite campus in Barberton.

“We could serve more people and offer more equipment,” he explained. “I’d like to grow it into a material testing center as well as an automation and robotic center.”

The U.S. Bureau of Labor Statistics predicts welding will continue to be a secure vocation, pointing to many regions reporting shortages.

Because basic welding skills are the same across industries, the Bureau’s job forecast indicated, “Welders can easily shift from one industry to another, depending on where they are needed most. For example, welders laid off in the automotive manufacturing industry may be able to find work in the oil and gas industry.”

When Manny Reynolds left his job as a welder in commercial construction in California to return home to Ohio, there was little worry about securing employment.

“I rode out the boom in California, and I’m glad to be home,” said the 37-year-old Carroll County resident. “With the oil and gas boom here, I can pick and choose who I want to work for. That’s the thing about having a trade. You can take it with you.”

While many manufacturers have eliminated jobs through automation, welders remain critical to many processes. Even those manufacturers who have transitioned to welding machines for many jobs, those machines still require skilled welders to operate and adjust them and to inspect completed welds.

“The American Welding Society says that the average age of a welder is between 56 and 57. They’re retiring. The hardest part is putting the word out,” Thomas said. “Telling students it’s a good field where they’ll be making good money.”

 

 

January 26, 2012

MEP Hosts National Council On US-Arab Relations Conference With Cherie Blair

WASHINGTON – Mission Essential Personnel, LLC (MEP) sponsored the National Council on US-Arab Relations’ (NCUSAR) “Afternoon Tea and a Conversation with Mrs. Cherie Blair” yesterday at the Ronald Reagan Building and International Trade Center. The event was attended by representatives from government, academia, non-profit groups, industry, and several foreign nations, including the ambassadors from Saudi Arabia, Bahrain, Libya, and Tunisia.

Mrs. Blair, wife of former British Prime Minister Tony Blair, led a discussion on women and human rights issues relating to the Middle East and Africa, discussing among other things the importance of women’s access to education and capital for starting businesses.

“Bridging cultures is both the hallmark of MEP and the National Council,” said Chris Taylor, MEP CEO. “We are honored to have contributed to this discussion and hope that it will help strengthen the relationship between the United States and its Arab partners, friends, and allies.”

“The National Council on U.S.-Arab Relations was delighted to join with MEP to host a public affairs event with Cherie Blair,” said Council President and CEO Dr. John Duke Anthony. “Seldom do members of the diplomatic and press corps, academe, and the corporate community in the nation’s capital have an opportunity to exchange views on the pressing issues of women’s rights with someone as knowledgeable as Mrs. Blair. Rarer still are the opportunities to do so  with someone having her extensive firsthand familiarity with gender-related issues in Africa, the Arab countries, the Middle East, and the Islamic world, combined with her career as a practicing lawyer and wife of former British Prime Minister and current Middle East Peace Envoy Tony Blair.”