Staff Report
Published Sept. 16, 2009

Sabal Medical has been selected to receive a second SC Launch investment of $100,000.

SC Launch is an affiliate of the S.C. Research Authority. Sabal is a medical technology company that provides patent-pending, automated medication carts and bar code verification software. The Sabal cart helps nurses and pharmacists make care safer by accessing and administering medicines at the bedside.

Sabal President and CEO Bill Park said, “The funds from SC Launch give us a good bridge to get to that next round of commercial financing.”

The company is in a crucial time, Park said: It has completed the research and development phase and is ready to move products to the market.

“We have our first few customers, and we’re gearing up to attack the marketplace with our product,” he said.

Sabal relocated to South Carolina from Washington in 2006 after receiving an initial $200,000 investment from SC Launch. Sabal simultaneously formed a relationship with Greenville Hospital System, known nationally for its leading-edge pharma technology, which helped with the testing of Sabal’s automated medication carts.

Sabal Medical was the first SC Launch landing party, the term for a company that relocates to South Carolina from another part of the country. After relocating, the company obtained follow-on private capital funding from Nexus Medical Partners, a member of the SC Venture Capital Investment Authority and a frequent co-investor with SC Launch Inc.