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Cleveland Medical Mart Signs On Two Healthcare Giants

Wednesday, October 31, 2012 at 5:13 PM

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Ed FitzGerald made the announcement at the Cleveland Clinic's Innovation Summit Wednesday.<i> stock photo by Brian Bull.</i>

Despite past criticism about the multi-million dollar project, Cuyahoga County Executive Ed FitzGerald says Cleveland’s long awaited Medical Mart is progressing. Today he announced that two major healthcare organizations have signed on as tenants. Ideastream’s Michelle Kanu reports.

General Electric Healthcare Systems and the Cleveland Clinic are the first major companies to announce they will be tenants in the medical mart. 

FitzGerald says the commitments from these healthcare giants are a sign that the $465 million project is progressing…and should squash concerns from critics who have wondered whether the combined medical mart and convention center idea would work.

FitzGerald: “They didn’t believe we could bring the project in on time and on budget and ahead of schedule.  We are.  They weren’t sure that we could succeed on the convention side of it.  We are.  And now we’re also succeeding on the medical mart side of it.”

Both the Clinic and GE are still deciding how exactly they’ll use their rented space, but say they plan to be long term tenants.

Tom Gentile is the president of GE Healthcare Systems.  He says the company’s presence will likely be a laboratory of sorts that displays some of the technology the company sells to treat diseases like Alzheimer’s and breast cancer.

Gentile: “We plan to have exhibits--permanent displays--that show all of our hardware, like mammography or MR or CT that involved in breast cancer treatment.”

Cuyahoga County Executive FitzGerald says medical mart planners are discussing lease agreements with several other companies.  They hope to have it operating near 80 percent capacity by the grand opening next fall.

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Community/Human Interest, Economy, Regional Economy/Business - News, Government/Politics, Health

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