You have reached your limit of free articles this month.

Enjoy unlimited access to

Starting at just 99¢ for 8 weeks.


  • ePAPER

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.


Welcome to

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

breaking news

Classes resume at West Liberty with message from shooting victim

Medical device business veteran co-founds new Dayton venture

Harold Linville retired from Innovative Medical Device Solutions in 2011 after 34 years of service. But Linville is now quietly helping ramp up another local medical device provider, NovoSource Inc.

“I said, ‘Look we’ll have to raise a lot of money,’” Linville recalled telling his NovoSource co-founders early in the venture. The co-founders said, “Harold, you’ve got to lead it (the new company).”

Linville replied, “Well, if I have to lead it, it has to be in Dayton, because I’m in Dayton.”

The idea behind NovoSource is offering lower-cost options for quality orthopedic devices, particularly knee implants and hip products. The business will outsource manufacturing of these devices to Innovative’s Vandalia operation and a Michigan manufacturer, Orchid Orthopedics.

In a November filing with the U.S. Securities and Exchange Commission, NovoSource disclosed that it had raised nearly $4 million, much of it from Ohio and Dayton-area investors. A new round of financing has been opened as well.

Besides Linville, the principals include Jon May — a former Inland manager in Dayton — and T. Bradley Harris, former Upex Holdings chief executive.

The Dayton Development Coalition is supporting the business with a $1.1 million Entrepreneurial Signature Fund loan.

Linville expects Federal Drug Administration approval for its knee implant soon. A hip product produced by Orchid will be next. Distribution contracts are in place.

“NovoSource has a very exciting business model that strips out significant costs in health care and is already engaged with distributors to produce immediate sales,” said Scott Koorndyk, the coalition’s executive vice president of economic development and operations.

The knee product has an FDA “510K” classification, meaning it’s similar to products already on the market. The innovation comes at the lower cost NovoSource principals believe they can offer.

“There’s nothing new in orthopedic implants over the last 20 or 30 years,” Linville said in a recent interview at the company’s Entrepreneur Center offices.

One possible challenge to NovoSource’s business model is “slow uptake and skepticism from surgeons who are seeing good results from the products they have already,” said industry website in a story on the company.

But the savings NovoSource envisions are substantial, according to the NovoSource website. A typical orthopedic practice could save $500,000 to $1 million a year.

“The end game, really, is we’re going to be the best value,” Linville said.

Reader Comments ...

Next Up in Business

Unemployment rate rises slightly in Clark County
Unemployment rate rises slightly in Clark County

Clark County’s unemployment rate crept up slightly in December, according to monthly figures released today by the Ohio Department of Job and Family Services. RELATED: Proposed unemployment fixes concern Springfield union leaders The unemployment rate in Clark County was 4.8 percent last month, up slightly from 4.7 percent in November. But both...
The Limited parent company files for bankruptcy
The Limited parent company files for bankruptcy

The parent company of women’s clothing store The Limited has filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Court, and the store website has been taken offline. The petition was filed by Limited Stores LLC in U.S. Bankruptcy Court for the District of Delaware. The company also entered into an asset...
Downtown Springfield business to close in March
Downtown Springfield business to close in March

Revival: The Art of Healing, a yoga and tea bar located in downtown Springfield, announced that March 1 will be its last day in business. The announcement came as a shock to their customers as the studio made the announcement on their Facebook page. RELATED: Winans Chocolate & Coffees opens in downtown Springfield The statement said, “We wish...
RECALL: Beer company issues recall impacting Ohio
RECALL: Beer company issues recall impacting Ohio

Beer company Sierra Nevada has voluntarily recalled some beers that could have small pieces of glass within the bottles. The company announced recalls after inspections at the company’s brewery in North Carolina found a limited number of bottle were flawed. The flaw could result in loss of carbonation and a small piece of glass could break off...
Speedway to hire 1,000 workers across 9 states
Speedway to hire 1,000 workers across 9 states

Speedway will hire 1,000 workers in nine Midwest states and will host open interviews at each of its stores in the region later this month. The convenience store chain, with a headquarters in Enon, will host open interviews from 11 a.m. to 3 p.m. Wednesday, Jan. 25 at every one of its stores in nine states, according to information from the company...
More Stories