The 28 hospitals of the Greater Dayton Area Hospital Association are joining forces to launch a healthcare technology startup that seeks to commercialize technology developments, according to a Dayton Business Journal report.
The hospitals partnered with Kaleidoscope, a Cincinnati-based design firm, to launch the startup called Ascend.
Ascend plans to commercialize technology developed from the hospitals themselves as well as the Air Force Research Laboratory, according to the report.
Already, Ascend employs five individuals and plans to grow to 10 employees by the end of the year, according to the report.
In addition to the GDAHA, Ascend has secured funding from Premier Health, Kettering Health Network, Dayton Children's Hospital and Kaleidoscope, according to the report. The exact amount of funding has not been disclosed, but Bryan Bucklew, president and CEO of GDAHA, said in the report it is a "multi-million dollar commitment over the long term."
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