Daniel-Island based Sabal Medical Inc., a privately held medical technology company, has been acquired by Swisslog, a Swiss provider of logistics solutions for hospitals, warehouses and distribution centers.
Sabal Medical located in Daniel Island (Charleston), has been developing innovative products for the health care industry since 2007. It’s main product, a mobile drug cabinet, will become an integral component of the Swiss company’s product portfolio. According to Swisslog, Sabal Medical’s mobile drug cabinet is lighter, more maneuverable and stores more drugs that any computer-on-wheels on the market. The mobile drug cabinet/computer-on-wheels is designed to reduce the medication retrieval and delivery burden of nurses.
Sabal Medical received $150,00 investment from SC Launch in 2007. The company used these funds to compete the its prototype. SC Launch, an initiative ofSCRA – an emerging global leader in targeted applied research and commercialization services markets – assists startup companies with up-front counseling, seed-funding and access to a resource network. The purchase is valued at $9 million dollars.