The Innovation Institute Adds MultiMedical Systems to Portfolio of Health Care Service Providers


MultiMedical Systems (MMS), a California-based clinical engineering service company, was introduced today as The Innovation Institute’s newest addition to its portfolio of health care service companies.

“Choosing to join 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 portfolio will allow MMS to expand our service offerings more quickly and to a wider customer base nationally.” Kneeland added, “We are looking forward to working with our new Innovation sister company TKA to provide specialty services which we are confident will complement the excellent service TKA is currently providing their customers.”

Jeff Lagrutta, MMS Chief Operating Officer and Founder, reinforced, “We will continue our unwavering mission of providing the highest quality clinical engineering services available, and we are excited to see what the future will bring with this new union.”

“We welcome MultiMedical Systems to our family of health care service companies,” said Joe Randolph, President and CEO of The Innovation Institute. “Their expertise in health care technology resource management adds quality and value to our organization as a provider of the finest and most trusted healthcare services in the country.”

This is the tenth company for The Innovation Institute’s Enterprise Development Group. Other portfolio companies include, Tech Knowledge Associates, Petra Integrated Construction Strategies, Healthcare Design & Construction, Far West Staffing Services, Healthcare Coding & Consulting Services, Healthcare Property Advisors, Total Health Environment, 360 Dynamic Technology Innovations Incorporated, and FutureSense.

About MultiMedical Systems

Established in 1996, MMS provides comprehensive clinical engineering services and asset management programs to hospitals, surgery centers, imaging centers, clinic systems, physician’s offices, dental offices, and physical therapy offices. MMS provides quality maintenance and repair for most general biomedical devices, as well as specialty devices including anesthesia, ventilators, sterilizers, diagnostic ultrasound and radiology. MMS Surgical Services Division provides on-site surgical instrument sharpening and repair, as well as repair, maintenance and sales of endoscopy equipment. MMS’ expertise ensures that the facility and equipment stays safe for the patient and compliant for all regulatory agencies.

About The Innovation Institute

The Innovation Institute is an independent, for-profit LLC structured to cultivate innovative solutions to transform healthcare 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