CLEVELAND, August 23, 2021 – PartsSource Inc. a leading online marketplace for medical equipment maintenance parts and services, today announced plans to expand its workforce in Aurora, OH adding 99 jobs, to more than double its existing local workforce. The Ohio Department of Development (ODOD) approved the project for tax credit assistance at its meeting today.
PartsSource chose to expand in the Northeast Ohio Region versus competitive out-of-state alternatives due to the region’s talented workforce and support of the local community. An economic development team comprised of the city of Aurora, Portage Development Board, ODOD, JobsOhio and Team NEO worked with company executives to ensure PartsSource remained in Aurora.
“The workforce we have today has been essential in successfully expanding our company into new product categories to meet evolving customer needs.” said Robert Sanchez, Chief Human Resources Officer at PartsSource. “The commitment and caliber of available talent in our area is critical to deliver the company’s next phase of innovation and growth.”
PartsSource has experienced steady growth since President and CEO Phil Settimi, MSE, M.D. joined the company in 2014. Today, PartsSource is the leading B2B marketplace for medtech replacement parts and services, and the largest B2B online marketplace in US healthcare. The company provides an integrated suite of cloud software and marketplace technology tools to help over 3,500 hospitals and 15,000 clinics efficiently source on-demand parts and services, and empowers vendors to grow their businesses.
The recently announced investment by Bain Capital will help PartsSource continue to accelerate its growth trajectory, broaden its solutions portfolio, and expand its marketplace platform to serve new areas of healthcare.
“PartsSource has been a valuable member of Aurora’s business community and a wonderful place to work with opportunities for advancement within the company,” said Mayor Womer Benjamin, City of Aurora. “PartsSource is one of our fastest growing companies, and we are pleased at the collaboration with the county, region, and state in helping PartsSource expand in Aurora.
“PartsSource has been a member of the City of Aurora, Portage County community since 2001, and we are excited to see and be a part of its move to the next level,” said Brad Ehrhart, President of the Portage Development Board.
Team NEO CEO Bill Koehler added, “We are delighted to see PartsSource expand in the Northeast Ohio Region, helping us build our reputation as a robust health care innovation cluster. Along with JobsOhio and our local partners, all of us at Team NEO look forward to supporting PartsSource’ s ongoing success.”
About PartsSource, Inc.
PartsSource’s proprietary procurement platform eliminates friction from the healthcare supply chain by delivering evidence-based decision support for healthcare technology management (HTM). Through an integrated suite of cloud software and marketplace technology tools, PartsSource empowers HTM teams to make data-driven decisions, manage long-tail spend, increase equipment uptime and track the quality of clinical assets.
For more information, visit PartsSource.com.
The PartsSource Logo, Ensuring Healthcare is Always On and Precision Procurement are registered trademarks of PartsSource, Inc.
About Team NEO
Team NEO is a private, nonprofit economic development organization accelerating business growth and job creation throughout the 18 counties of the Northeast Ohio Region. As the designated JobsOhio Network Partner, we align and amplify local economic development efforts in the region’s 18-counties; we conduct research and data analysis to inform local conversations and influence solutions; we market the Northeast Ohio Region; and we work to increase access to jobs, education and training for the region’s 4.3 million people. We do this to build a more vibrant regional economy; one that is more talented, equitable, competitive, innovative, resilient and prosperous.
For more information, visit: teamneo.org.
JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with six regional partners across Ohio: Dayton Development Coalition, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow us on LinkedIn, Twitter and Facebook.
Senior Director, Corporate Communications