McDermott Represents Cleveland Clinic in Centerline Biomedical $33 Million Series B Equity Financing

Overview


International law firm McDermott Will & Emery represented Cleveland Clinic, a nonprofit multispecialty academic medical center that integrates clinical and hospital care with research and education, which led the $33 million Series B equity financing of Centerline Biomedical, Inc., a private medical technology company. This funding will help propel the company into new surgical applications, accelerate its commercial sales and add to its growing clinical evidence repository.

  • The transaction was announced June 27, 2022.
  • Cleveland Clinic led the financing with participation from GE Healthcare, RIK Enterprises, JobsOhio, Jumpstart Ventures and G2 Group Ventures.
  • The McDermott team was led by Krist Werling and Aroma Sharma and included Mike Siekman.
  • Read Centerline’s press release here.

About McDermott


McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices, industries and more than 20 locations to deliver highly effective solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.

Media Contacts