Tech Knowledge Associates and Healthcare Technology Group Announce Formation of Asset Management Business | Partnership Under Sponsorship of The Innovation Institute

La Palma, Calif. – The formation of an asset management firm, Healthcare Technology Group (HTG), was announced today by The Innovation Institute and Tech Knowledge Associates (TKA), its subsidiary specializing in full-risk health care technology management. Drawing from decades of service and experience, HTG aims to reinvent and simplify the concept of medical equipment management. 

HTG will be led by Steve Cannon as President & CEO.  Cannon has a long and distinguished career in health care, as well as in the health care technology and the asset management industry. He has held executive leadership positions at Sun Health and Premier, one of the nation’s largest GPO’s. He served as the inaugural President at AllParts Medical, and has held executive leadership roles at Aramark, Philips Healthcare, Sodexo, and most recently, Althea U.S.

Cannon says that under his leadership, he intends for HTG to be the partner of choice for asset management in the U.S. health care market, and provider of  health care technology consulting and other services for both the health care and commercial market segments nationwide. 

Under The Innovation Institute, and with the Healthcare Technology Group business model and brand, the Cannon added that the company expects to bring their technology and service standard to a broad number of healthcare providers.  Speaking about HTG’s vision, Cannon explained that, “At a strategic level, HTG plans to offer unprecedented partnership structures to in-house programs for both health systems and rural hospitals – programs that have historically only been offered to large hospitals and health systems.” 

Cannon also emphasized that “HTG will be able to deliver a comprehensive and differentiated clinical asset management program in an ever-changing environment.”  He says the company intends to create value and be transformative by providing one of the most comprehensive service offerings in the industry. HTG’s programs are designed to reduce their clients’ cost of maintaining their equipment portfolio, while also delivering improved equipment performance, reduced equipment downtime, enhanced customer satisfaction and optimized patient outcomes.

About Healthcare Technology Group

Healthcare Technology Group provides asset management, healthcare technology management and consulting, and temporary clinical engineering labor to support inhouse programs. The HTG service solutions provide significantly reduce maintenance costs, increase quality and improve medical equipment performance in facilities nationwide. For more information go to

About Tech Knowledge Associates

Tech Knowledge Associates is a national healthcare technology management organization that elevates clinical engineering through innovative management programs, medical equipment life cycle solutions, and service data for large inventories of medical devices that exceed $1 billion in value. For more information, go to

About The Innovation Institute

The Innovation Institute is an independent, for-profit LLC, structured to cultivate innovative solutions to transform health care delivery.  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