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June 30, 2015 5:38 AM ET

Healthcare Providers and Services

Company Overview of Cleveland Clinic Corp.

Company Overview

Cleveland Clinic Corp., doing business as New Caney Clinic, offers maternal and child healthcare services. The company is based in New Caney, Texas. Cleveland Clinic Corp. operates as a subsidiary of Community Health Systems, Inc.

21134 Highway 59 North

New Caney, TX 77357

United States





Key Executives for Cleveland Clinic Corp.

Cleveland Clinic Corp. does not have any Key Executives recorded.

Cleveland Clinic Corp. Key Developments

Parker Hannifin Corporation Collaborates with Cleveland Clinic to Develop Advanced Medical Technologies

Parker Hannifin Corporation announced it is developing more than 100 potential medical advancements with Cleveland Clinic. The collaboration combines Parker's engineering and new product development expertise, applied through a strategic approach called Winovation, with Cleveland Clinic's clinical and research abilities and unique understanding of the need for innovative medical solutions to address challenges in modern health care. Several of the medical solutions have been submitted for regulatory approval in Europe and the U.S., and are anticipated to be ready for commercial launch as early as 2015. Two of the medical devices that have been submitted for regulatory approval are an optically clear endoscopic sheath designed to minimize the risk of infection during surgery, and a novel, side-entry torquer device used to direct guidewires through the body. Cleveland Clinic Innovations, the commercialization arm of Cleveland Clinic, engages its employees, as well as the hospitals and universities that make up its Innovation Alliance, to discover the most critical enhancements to existing medical devices and to create new devices. The partnership seeks to translate the fusion of engineered industrial systems and medical devices into concepts that improve patient safety, decrease procedure time and reduce cost.

Cleveland Clinic and Select Medical Form Joint Venture to Expand Inpatient Rehabilitation in Northeast Ohio

Cleveland Clinic and Select Medical have finalized an agreement to form a joint venture to enhance inpatient rehabilitation services in Northeast Ohio and improve access for patients with complex rehab needs. As part of the joint venture, the two organizations will expand these services on Cleveland's West Side by building a new 60-bed adult inpatient rehabilitation hospital in Avon, Ohio. The two organizations have also entered into a management agreement, effective August 1, 2014, to enhance operations in existing Cleveland Clinic rehabilitation facilities. As currently planned, the West Side rehabilitation hospital will be located in Avon next to Cleveland Clinic's Avon medical campus. Construction is expected to begin this summer with the goal of opening in late 2015. In addition, the venture will establish a residency program for physicians in physical medicine and rehabilitation. Cleveland Clinic and Select Medical also share a goal of improving patient access to the quality post-acute and rehabilitation programs, as well as enhancing opportunities for employees. The agreement is expected to expand Cleveland Clinic's post-acute care capabilities by adding to existing home care, hospice and skilled nursing facility programming. Additionally, the joint venture will be exploring further opportunities to expand services locally, nationally and internationally with the goal of continuing to improve post-acute care options more broadly for patients.

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