Orange County Business Journal | $150M Sale of MV Medical Offices Sets Benchmark

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REAL ESTATE: 4 buildings near Mission Hospital total 263,000 SF By Mark Mueller A four-building collection of medical office properties surrounding Mission Hospital in Mission Viejo has changed hands for the second time since 2014 in what looks to be Orange County’s biggest office sale so far this year. Healthcare Trust of America Inc., a Scottsdale, Ariz.-based real estate investment …

Nashville Post | Jacobson Firm Teams with Nonprofit Health Systems Group

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Among new partners is Bon Secours system  Author: Geert De Lombaerde Local investment firm TriStar Health Partners is teaming up with the innovation arm of a consortium of nonprofit health care providers. TriStar, which is led by former Vanderbilt University Medical Center boss Harry Jacobson, has partnered with The Innovation Institute, a for-profit venture backed by St. Joseph Health CHOC …

24 x 7 Magazine | Clinical Engineering Firm Fills Positions Via Apprentice Program

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Tech Knowledge Associates (TKA), a national clinical engineering firm based in Orange County, Calif, saw a growing need for trained biomed staff to manage large inventories of biomedical equipment that are critical to the hospitals that they serve. So company leaders brainstormed and determined the best way to address the shortage of trained professionals: establish an apprentice program. More…

Becker’s Health IT & CIO Review | Clinical Engineering Firm Establishes Apprentice Program to Fill Key Positions

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Tech Knowledge Associates (TKA), a national clinical engineering firm based in Orange County, California, saw a growing need for trained biomed staff to manage large inventories of biomedical equipment that are critical to the hospitals that they serve. Therefore, company leaders decided that the best way to address a shortage of trained professionals was to establish an Apprentice Program. In …

Orange County Business Journal | Innovation Institute Buys IT Company

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The La Palma-based Innovation Institute bought Corona-based information technology specialist Hospitality Business Network Solutions. A purchase price was not disclosed. Innovation Institute develops healthcare products and services under three units: a medical devices and technology lab, an investment fund, and a division that acquires firms related to healthcare construction, staffing, and medical office design and equipment. Hospitality Business Network Solutions …

Medical Dealer | People On The Move

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The Innovation Institute’s biomedical engineering firm Tech Knowledge Associates (TKA) of La Palma, California, named clinical engineer George Hampton its president and Jeffrey Niederhausen its CFO. Hampton, who will be based in Dayton, Ohio, and Niederhausen, who will be based in Cincinnati, Ohio, both join TKA from Catholic Health Initiatives (CHI). More…

Medical Construction & Design | Keeping Up With Fire Safety

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NEW CODES, MATERIALS GUIDE DESIGN AND CONSTRUCTION OF TODAY’S HEALTHCARE FACILITIES BY JOSEPH DE LUCA According to the latest numbers from the NFPA’s Fire Analysis & Research Division,  U.S. fire departments respond to an average of 6,240 structure fires in healthcare properties per year. These fires can cause an average of $52 million in property damage annually. The good news is …

Orange County Business Journal | Innovation Institute Adds Exec Search Firm

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Innovation Institute LLC in La Palma has acquired Summit Talent Group, a healthcare industry executive compensation and search firm in Columbia, Md. Innovation Institute develops healthcare products and services under three units: a medical devices and technology lab, an investment fund, and a division that buys firms providing services that include healthcare construction, staffing, and medical office design and equipment. …

CIO | How Virtual Reality Changes Health Care

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Until recently, Virtual Reality (VR) has only really been seen as a technology for the gaming and entertainment industries. However, given recent advancements, this immersive, 3D experience of space and geometry is no longer just for fun. According to Bloomberg, some of the world’s biggest tech companies have invested over $4 billion in virtual and augmented reality since 2010, and …

Orange County Business Journal | Innovation Institute Company Buys Fullerton Building

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 Realty Firm Aims to Grow St. Jude, Own Portfolio Vita Reed Monday, July 4, 2016 A portfolio company of the La Palma-based Innovation Institute is making real estate moves. Brea-based HPA Realty Inc. said late last month that it spent $7.4 million to buy a 20,800-square-foot medical office building in Fullerton next to St. Jude Medical Center. HPA said in …

FierceHealthcare | Hospital Impact: Health System Leaders Focus on Changing Patient Needs

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If we take a look at the history of hospitals, we see ongoing transformations reflective of the times. Hospitals were conceived as civilized and organized institutions for birthing and dying, for rehabilitation of the sick, for clinical teaching and research, and as institutions for science and technology, as Guenter B. Risse describes in his book, “Mending Bodies, Saving Souls: A …

Orange County Register |Real Estate Briefly: HPA Realty

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A medical office building was purchased in Fullerton for nearly $7.4 million. The property, at 101 Laguna Road, is adjacent to St. Jude Medical Center. HPA Realty represented the buyer. The purchase was made using HPA’s Growth Fund. The fund is managed by Healthcare Property Advisors and capped at $1 billion. HPA was the building’s previous owner’s property manager and …

Becker’s Health IT & CIO Review | Ensuring 24/7 Excellence in the Technological Tools of Patient Care

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Tech Knowledge Associates (TKA), a subsidiary of The Innovation Institute that provides insourced biomedical engineering services to hospitals, has been experiencing steady growth due to its popularity as a cost-saving operations strategy. Over the past several years, TKA has helped health systems save millions of dollars through expense reduction, while improving service levels. TKA provides guaranteed savings by capping the …

UKFundraising | Buying a Stairway to Heaven

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A growing number of philanthropists are earmarking portions of their “get into heaven” money towards new investment vehicles offering perpetual impact in causes they believe in and that will build lasting legacies for their efforts. Daring to be different, these philanthropists subvert the dominant paradigm of contributing to long-standing charities in favor of new impact models. The evidence shows that …

Becker’s Hospital CFO | Avoiding Market Volatility: Healthcare Innovation Meets Real Estate

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An interesting opportunity is emerging in the midst of the equities market chaos in China, the U.S., and elsewhere. As the healthcare industry evolves, spurred by the Affordable Care Act (ACA) and its emphasis on making health care more accessible, efficient, and patient-centric, so do the opportunities in health care real estate, especially for those with an inside track to …

Becker’s Hospital CFO | Buying a Stairway to Heaven

Francine Marlenee In the News, In The News

A growing number of philanthropists are earmarking portions of their “get into heaven” money towards new investment vehicles offering perpetual impact in causes they believe in and that will build lasting legacies for their efforts. Daring to be different, these philanthropists subvert the dominant paradigm of contributing to long-standing charities in favor of new impact models. The evidence shows that …

CIO | How Healthcare is Handling a Flood of Advancements

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  Hang on tight! The world of healthcare is changing fast. Learn how health systems are managing their current trajectories of prolific innovation through leadership and technology. Today, we are seeing newer, more cutting-edge medical procedures and products. We are experiencing a changing world that calls for exponential advancement in health care. We are approaching a world where quantum computing …

Today’s Medical Developments | Tech Knowledge Associates’ New Leadership

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La Palma, California – The Innovation Institute introduced two executive leaders of its biomedical engineering firm Tech Knowledge Associates (TKA). George Hampton will serve as president and Jeffery Niederhausen will serve as chief financial officer. Both served in clinical engineering for Catholic Health Initiatives (CHI). Hampton will be based in Dayton, Ohio, and Niederhausen will be based in Cincinnati, Ohio, …

Orange County Catholic | Smart Thinking

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More than 90 juniors and seniors and 10 teachers from Santa Ana’s Mater Dei High School got a hands-on experience about what it’s like to be an inventor on April 4, when they visited the Innovation Lab in Newport Beach. Working in small teams, they designed and built mini prototypes of a medical-related product, then had to come up with …

Orange County Catholic | Mater Dei Attends Innovation Day

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The Innovation Institute hosted an Innovation Day for 80 Mater Dei High School students and 10 teachers recently at its Innovation Lab in Newport Beach, Calif. Lab staff presented workshops to help students and their teachers find the “innovator inside.” They were given instruction on how to design and build ideas, and were guided through a process to discover, define, …

TechNation | The Innovation Institute Adds to Portfolio

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MultiMedical Systems (MMS), a California-based clinical engineering service company, was introduced recently as the Innovation Institute’s newest addition to its portfolio of health care service companies. “Choosing to join the The Innovation Institute was an easy decision for us,” said MMS President Daren Kneeland. “The wealth of knowledge and resources that come with being a part of the Innovation Institute …

CIO | The Innovation Institute Hosts Global Healthcare Innovations Alliance

Francine Marlenee In the News, In The News, Uncategorized

It was an honor for us at The Innovation Institute to host the Global Healthcare Innovations Alliance recently at our Innovation Lab in Newport Beach, Calif. The Alliance is a collaborative network of healthcare systems, academic institutions and corporate partners from around the world. The Alliance includes our company, The Innovation Institute, based in Orange County, Calif. We’re a health …

Catholic Health World | Innovation Hubs Inspire, Nurture Inventions and Fresh Approaches

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BY KATHLEEN NELSON Fresh solutions in health care require fresh perspectives. To that end, several ministry members have developed innovation hubs — spaces outside the hospital designed to be more conducive to creativity, collaboration and risk-taking. While each space has the requisite whiteboards to map and edit ideas, and two have idea spaces called “The Garage” in homage to the …

CIO Magazine | Living and Breathing Innovation

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  I’ve noticed that many organizations across industry sectors have innovation in their mission statement and core values. Yet, what’s often missing is a meaningful program with dedicated resources to guide and empower a culture of innovation. What you end up seeing is unstable adjunct programs that go away the minute there’s a budget cut. Recruiters often reference the values and …

Health Facilities Management | Leading the Charge to Deliver Innovation

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Joe Randolph, president and CEO of the for-profit Innovation Institute, La Palma, Calif., talks about the formation of the organization and how it’s diving headlong into helping health system professionals bring transformational products to market. How did the Innovation Institute get started? About four years ago, while I was chief operating officer of St. Joseph Health System, a $6 billion …

Orange County Catholic | New Ideas in Health Care — Really

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THE INNOVATION INSTITUTE SEEKS TO BREAK MOLDS WITH NEW PRODUCTS AND SOLUTIONS By Nicole Gregory     2/12/2016 Sunlight pours through large windows, some of which overlook the Pacific Ocean. Groups of people are gathered at wide tables, engaged in discussion or watching large video screens in the bright office rooms. Surfboards are propped up in corners, lending a vacation vibe, and …