09 April 2015
Answering the healthcare innovation imperative globally, The U.S. based Innovation Institute announced today that Children's Hospital of Orange County (CHOC Children's) has signed an agreement to become a member owner and investor in The Innovation Institute, a healthcare innovation collaborative based in Newport Beach California. In the meanwhile, The Innovation Institute in negotiation with healthcare systems in both the UK and Middle East as partners and collaborators in healthcare innovation.
"We are pleased to be affiliated with The Innovation Institute, and are excited to have a place where our talented physicians and employees can go to vet their ideas and bring them to life," said CHOC President & CEO Kimberly Chavalas Cripe. "We look forward to introducing new and improved medical products that will advance care for children here and across the globe."
The Innovation Institute President & CEO Joe Randolph said, "The essence of modern innovation is collaboration. We welcome CHOC Children's as a member owner, and we look forward to helping them advance innovation for pediatric care worldwide."
Commenting on upcoming investment and the limited number of investor positions available in their business model, Barry Didato, chief investment officer of The Institute commented that, "Bigger isn't better ---better is better. The Institute's significant progress and profitability are testimony to our efforts at 'de-risking' investment to support innovation and The Institute's global platform enables investors to go to the site of lightening strikes globally to help innovators, our investors and people everywhere."
-Ends-
About Children's Hospital of Orange County
Named one of the best children's hospitals by U.S. News & World Report (2014-2015) and a 2014 Leapfrog Top Hospital for the highest quality of care, Children's Hospital of Orange County (CHOC Children's) is exclusively committed to the health and well-being of children through clinical expertise, advocacy, outreach, education and research that brings advanced treatment to pediatric patients. For more information, please visit www.choc.org.
About The Innovation Institute
The Innovation Institute is a global collaborative that unites a constellation of world-class innovation infrastructure to cultivate solutions to transform healthcare globally. The Innovation Institute is owned by non-profit health systems. This collaborative taps into physicians, employees, and industry business partners to incubate and commercialize new medical products and ideas. Comprised of three distinct elements - an innovation lab, an investment fund, and a shared services group (Enterprise Development Group), The Institute strives to "do more, with less, for more people." For more information, visit www.ii4change.com
Media Contacts:
Francine Marlenée
714.735.3767
Francine.marlenee@ii4change.com.
Answering the healthcare innovation imperative globally, The U.S. based Innovation Institute announced today that Children's Hospital of Orange County (CHOC Children's) has signed an agreement to become a member owner and investor in The Innovation Institute, a healthcare innovation collaborative based in Newport Beach California. In the meanwhile, The Innovation Institute in negotiation with healthcare systems in both the UK and Middle East as partners and collaborators in healthcare innovation.
"We are pleased to be affiliated with The Innovation Institute, and are excited to have a place where our talented physicians and employees can go to vet their ideas and bring them to life," said CHOC President & CEO Kimberly Chavalas Cripe. "We look forward to introducing new and improved medical products that will advance care for children here and across the globe."
The Innovation Institute President & CEO Joe Randolph said, "The essence of modern innovation is collaboration. We welcome CHOC Children's as a member owner, and we look forward to helping them advance innovation for pediatric care worldwide."
Commenting on upcoming investment and the limited number of investor positions available in their business model, Barry Didato, chief investment officer of The Institute commented that, "Bigger isn't better ---better is better. The Institute's significant progress and profitability are testimony to our efforts at 'de-risking' investment to support innovation and The Institute's global platform enables investors to go to the site of lightening strikes globally to help innovators, our investors and people everywhere."
-Ends-
About Children's Hospital of Orange County
Named one of the best children's hospitals by U.S. News & World Report (2014-2015) and a 2014 Leapfrog Top Hospital for the highest quality of care, Children's Hospital of Orange County (CHOC Children's) is exclusively committed to the health and well-being of children through clinical expertise, advocacy, outreach, education and research that brings advanced treatment to pediatric patients. For more information, please visit www.choc.org.
About The Innovation Institute
The Innovation Institute is a global collaborative that unites a constellation of world-class innovation infrastructure to cultivate solutions to transform healthcare globally. The Innovation Institute is owned by non-profit health systems. This collaborative taps into physicians, employees, and industry business partners to incubate and commercialize new medical products and ideas. Comprised of three distinct elements - an innovation lab, an investment fund, and a shared services group (Enterprise Development Group), The Institute strives to "do more, with less, for more people." For more information, visit www.ii4change.com
Media Contacts:
Francine Marlenée
714.735.3767
Francine.marlenee@ii4change.com.
© Press Release 2015
