Orange County technology and life science accelerator OCTANe has partnered with New York-based Small Cap Nation, a financial-media content distribution platform that develops news and information through video, social media, articles, broadcast and newsletters. It’s focused on the small-cap sector.
“This partnership will open an important source of capital for our LaunchPad companies and those associated with OCTANe’s growth services platform that are raising capital,” said Chief Executive Bill Carpou.
Its LaunchPad network of recent alumni and current participants will also have access to Small Cap Nation’s Family Office Networks, which is comprised of individual family offices and their beneficial service providers.
“Family offices are increasingly looking for mature companies to work with, and LaunchPad will provide high-quality deal flow in a later investment stage than what most family offices see,” said SCN Chief Executive Hugh Austin.
“A major value of this partnership is the access to a large network of family offices … both national and international,” Carpou said. He added that the deal will expand “an entire new area of potential capital” for OCTANe LaunchPad companies.
OCTANe and Small Cap Nation will share information regarding companies seeking capital that are presenting at OCTANe’s annual technology innovation forum and medical technology innovation forum. Small Cap Nation, which recently opened a Silicon Valley office, will bring investors to the conferences. The two plan to develop an investment conference.
The Aliso Viejo-based accelerator also has a fund that invests in ophthalmic opportunities.
Healthcare Real Estate
HPA Realty Inc. in Brea purchased approximately 195,000 square feet of industrial and medical offices at 2727 and 2767 Imperial Highway for $47.3 million.
Fullerton-based St. Jude Medical Center is one of the anchor tenants.
HPA will serve as the leasing and property manager for the Brea Imperial Centre.
The investment was made through the HPA Growth Fund, which is managed by Healthcare Property Advisors, a subsidiary of the La Palma-based Innovation Institute. The acquisition follows the recent purchase of a medical office building at 101 Laguna Road in Fullerton.
The institute is a for-profit LLC owned by six nonprofit health systems, including Children’s Hospital of Orange County and Providence St. Joseph Health. It has an incubator to commercialize internal medical innovation by hospitals in its health system network, a fund to invest in outside opportunities, and a cash-generating enterprise arm that owns a portfolio of companies to fund the incubator. HPA is in the latter category.
Hospitals and health systems can generate significant cost savings and improve patient care by reinvesting that capital into technology and care delivery, according to a CBRE report. It said savings can come from outsourcing property management or selling the facility to an investor and leasing back the space.
Innovation Institute Chief Executive Joe Randolph told the Business Journal last month that it struck a relationship this year with Bridge Investment Group in Orlando, Fla., to build a fund focusing on medical asset buildings next to hospitals.
The institute has an existing fund focused on outpatient centers and medical office buildings.
Bits & Pieces
Masimo Corp. received European CE marking clearance for its Rad-97 Pulse Co-Oximeter with integrated NomoLine capnography. Rad-97 measures blood pressure, and NomoLine capnography measures respiratory rate and the amount of carbon dioxide in each breath. Capnography is used during anesthesia, sedation and CPR, with the primary goal of preventing oxygen deficiency that can lead to irreversible brain damage. The Irvine-based device maker develops noninvasive patient monitoring products. … Jiangsu Crosslink Pharmatech Park Co., a biotech incubator based in Nanjing, will work with Los Angeles-based biotech trade group Southern California Biomedical Council to form CrossLinkBio Inc. The new biotech incubator and accelerator plans to invest in startups in L.A. and Orange counties that plan to sell products in China. Winn Hong, co-founder and chief executive of ophthalmic company Varocto Inc. in Orange, will serve as treasurer and interim chief executive.
