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REGIONAL VIEW northern virginia


Inova accelerator seeks personalized-medicine startups by Stephenie Overman


to accept applications from early-stage startups focused on predicting, preventing and treating disease. Falls Church-based


T


Inova Health System announced plans for the accelerator last December when it also launched Inova Strategic Investments, a venture-capital program. Both projects are housed at the new Inova Center for Personalized Health, a 117-acre campus in Fairfax County. IPHA was set to open


in July, with more announce- ments expected in August. Plans call for the accelerator to host four companies in the first six months of operation, then 16 in each subsequent 12-months period. “We are looking for companies that will produce technologies and services that will bring diagnostic, therapeutics and wellness


FOR THE RECORD


McLean-based government contractor Booz Allen Hamilton Holding Corp. said in a state- ment on its website that the Justice Department informed it in June that it was “conducting a civil and criminal investigation re- lating to certain elements of the company’s cost accounting and indirect cost charging practices” with the U.S. government. ”To date, our internal and external audit processes have not identi- fi ed any signifi cant defi ciencies or material weaknesses, or iden- tifi ed any signifi cant erroneous cost charging,” Booz Allen said. “The company is cooperating with the government in these matters and expects to bring them to an appropriate resolu- tion.” (The Washington Post)


he Inova Personalized Health Accelerator (IPHA) is preparing


Peter Jobse is one of two managing directors of the accelerator. The other is Hooks Johnston.


Jobse was CEO of the Center for Innovative Technology in Herndon. Johnston was general partner of Valhalla Partners, a venture capital fund he co-founded. IPHA expects to work with companies involved in handling analytics and making medical devices, Jobse says. He also is seeking firms that will “build interfaces between what we traditionally call patients, and now understand


as clients or consumers.” In addition, the accelera-


programs to an individual level that generally does not exist in health services today,” says Pete Jobse. Jobse and Hooks


Johnston are the managing directors of the accelerator and the investment program.


Chantilly-based Engility Hold- ings Inc. eliminated its chief operating offi cer position in June. The move forced out John Hynes, who had served as COO since February 2015 when the company closed its acquisition of Chantilly-based TASC Inc. The move was made “after a strategic review of our organiza- tional structure,” according to a spokesman for the government IT services company. Engility is not looking to hire another COO at this time, he said. (Washington Business Journal)


Cloud networking provider GTT Communications has reached an a greement to acquire Global Capacity. The purchase price includes $100 million in cash and 1.85 million shares of GTT common stock. McLean-based


14 AUGUST 2017


tor wants to find startups that will provide technology for next-generation wellness — “technology that can be incorporated with personal wearables; devices for use in your home that measure heart rate, temperature, glucoses; things that will enable patients/customers to be more in control of their health,” Jobse says.


GTT Communications said the acquisition will help develop its client base with additional health-care, application service provider, and retail and carrier markets. GTT expects Global Capacity’s annualized revenue will be approximately $200 million. Waltham, Mass.-based Global Capacity is a provider of network connectivity solutions aimed at simplifying the process of connecting enterprises. The transaction is expected to close during the third quarter of 2017 and is subject to regulatory ap- provals and closing conditions. (VirginiaBusiness.com)


Kettler, a McLean-based real estate development and prop- erty management company, has made its fi rst acquisition in Florida. The company has


Companies chosen for


the program will receive a $75,000 investment from Inova and its partners, and Inova will take a 10 percent equity position in each firm, the website Genome Web reports. Successful partici- pants will be considered for additional funds from Inova Strategic Investments. IPHA is developing


relationships with a number of schools, including the Uni- versity of Virginia, George Mason University, Virginia Commonwealth University, Shenandoah University and George Washington Univer- sity, Jobse says. It’s also work- ing closely with the Northern Virginia Technology Council and the trade association Virginia Bio. “We’re using the


extended network that we have as investors, and we’re planning a series of events to attract thought leaders and develop an extended com- munity that will expand our overall network,” he says.


purchased 18.4 acres from The Celebration Co. in Celebration, Fla., for a mixed-use develop- ment. It did not disclose the purchase price. Kettler plans a garden-style apartment commu- nity with parcels for hotel and age-restricted housing. It said it would oversee the apartment development and master plan and is evaluating partnership options with qualifi ed hotel and age-restricted housing develop- ers to partner on the remaining parcels. (VirginiaBusiness.com)


Arlington-based Nestlé USA has acquired a minority inter- est in Freshly, which currently supplies consumers in 28 states with weekly shipments of meals. With the move, Nestlé is enter- ing the $10 billion online U.S. prepared meals market. Nestlé


is the lead investor in the $77 million round of new funding announced by Freshly in June. The investment by Nestlé will help to fund Freshly’s construc- tion of a new East Coast kitchen and distribution center next year, as it prepares to expand to nationwide service. Based in New York with operations in Phoenix, Freshly was founded in 2015 and employs 400 people. (VirginiaBusiness.com)


The Northern Virginia Technol- ogy Council (NVTC) has signed an agreement with Northern Virginia Community College to become the fi rst “NVTC Academic Partner.” The part- nership is designed to better align training and workforce- development needs in Northern Virginia, allowing businesses to


Photo courtesy Inova Health


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