Children's Hospital of Orange County in Orange, Calif., will become the third owner member and investor in an Orange County-based health tech incubator.
The Innovation Institute is a for-profit company aimed toward facilitating innovation in healthcare.
"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 and 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."
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