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.
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