News & Press
PartsSource Expands in Ohio to Reach Additional Market Segments
Company drawn to Ohio’s talented workforce and support of the local community
Company Name: PartsSource, Inc.
Location: Aurora
Industry Sector: Healthcare
Company Profile: PartsSource is a multi-modality, multi-vendor supplier and online database of medical replacement parts.
Company Website: www.partssource.com
Project Summary:
Type of Project: Expansion
Jobs:
- Jobs committed: 99
- Jobs retained: 179
Company Need:
PartsSource has experienced steady growth since President and CEO Phil Settimi, MSE, M.D., joined the company in 2014. Following a recent investment by Bain Capital, PartsSource’s growth is accelerating. The company wanted to support ongoing development, broaden its solutions portfolio, and expand its marketplace platform to serve new areas of healthcare.
Why Ohio?
PartsSource will expand in the Northeast Ohio region due to Ohio’s talented workforce and support of the local community.
Ohio’s drive to develop medical innovation has given it a global reputation as a healthcare hotspot powered by exceptional talent. The state has a growing talent pool of about 80,000 bioscience employees, excluding healthcare providers. It attracts an increasing number of bioscience students from Ohio schools, with more than 10,000 graduates in 2017, a 30% increase from 2010 levels.
In recent years, investments in technology and infusions of talent have elevated the sector’s capacity to develop technologies and treatments that improve lives.
Collaborators:
JobsOhio, Team NEO, the city of Aurora, Portage Development Board, and the Ohio Department of Development