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OC 500: Michael Mussallem

Heads largest OC publicly traded co. … $24B market cap … 12.2K workers: added 500, 2017, adding 500, 2018 … heart valves … $3B revenue; $570M net income … multiyear HQ upgrade … bought nearby buildings … three success words: ‘putting patients first’ … personal foundation backs Down Syndrome work, including Glennwood House, Laguna Beach … favorite quote: ‘knowledge speaks, wisdom listens’

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Renaissance NB Readied

Renaissance Hotel Newport Beach debuted today, with the full $30 million renovation expected to finish by spring, a press release said.

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Nemus Raises $1.75M

Nemus Bioscience Inc. (OTCQB: NMUS) received a $1.75 million private placement from majority shareholder Emerald Health Sciences Inc. and other investors.

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Midday Stock Roundup

The markets are closed today for the President's Day holiday.

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OC 500: Kimberly Chavalas Cripe

20 years as chief exec … revenue $523M, up from $498M … pediatric mental health campaign ‘Let’s Talk About It’ to boost support … $18M in backing … 18 kid beds inpatient center started last year, completion next

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Long Beach Airport Traffic Up

Year-over-year Long Beach Airport passenger traffic year-over-year increased 7% in January to about 321,000.

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Digital Tools Grow as Patient-Engagement Evolves

Include Monitoring, More Access to Care on Demand

Digital health is the buzzword when it comes to the present and the future of care. Technologies, such as telemedicine, remote patient monitoring and patient engagement via smartphones, are designed to enable providers and patients to manage health and wellness more effectively and cost-efficiently.

Q&A

If there’s one word to describe the nation’s healthcare industry it’s uncertainty. The new tax bill repealed the Affordable Care Act’s individual mandate provisions that required most Americans to purchase health insurance or face penalty, which could hurt hospital revenue with fewer people buying health plans. The bill also took away nonprofit hospitals’ ability to use advanced refunding to replace outstanding bonds with bonds at lower interest rates.

Flu Patient Volume Uptick During Holiday Season

Hospitals Up Game To Better Coordinate Care

It was the worst of times and the worst timing. “The uptick in flu cases in mid-December spiked around Christmas and New Year’s Eve, around the holidays, a lot of traveling and socializing with family and friends,” said Dr. Wendy Coling, a Kaiser Permanente primary care physician in Orange County. She said it didn’t help that this year’s H3N2 influenza virus is a “more virulent flu strain.”

Top Care Providers Experience Exec-Level Change

UCI to Fill Two Positions; Providence Taps New Head

High performers like UC Irvine Medical Center and Providence St. Joseph Health—its local network comprised of seven hospitals—experienced changes on the executive level in the year ended Sept. 30, the former in search of a new chief executive, the latter naming a regional head to oversee Los Angeles, Orange and San Bernardino counties.

The Executive v. The Ballplayer

For the second time in a year, the fate of Jim Mazzo is in the hands of a federal jury. Prosecutors are still alleging the founder and former chief executive of Advanced Medical Optics violated insider trading laws by telling his friend and Laguna Beach neighbor Doug DeCinces that his company was being bought by Abbott Laboratories.

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Pacific Premier’s Big Buy Wins Fans

Banc of California’s Future Plans Get Cool Reception

Wall Street likes the future plans of Pacific Premier Bancorp (Nasdaq: PPBI). It gave a thumbs down to the road map of rival Banc of California Inc. (NYSE: BANC).

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Flight Planner: Rondinella Methodical and in Motion

Airport Bustle of Activity Belies Cap’s Cloud Cover

Barry Rondinella greets a guest sans sport coat or suit jacket. He seems a picture of rest and relaxation, and apart from an office setting on Airway Avenue in Costa Mesa on the other side of tarmac and terminals from John Wayne Airport—whose operations he’s directed for 27 months—the man could be canvassing a JWA concourse, arrivals or departures, on holiday or heading to one.

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Allergan to Shed More Irvine Space as Cuts Continue

Drugmaker’s Main Campus In Line for Creative Makeover

Allergan PLC plans to vacate and sell three offices at its sprawling Irvine campus near John Wayne Airport, in the latest sign of retrenchment for the local operations of the drug-making giant.

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C Stands for Cool

“These are the coolest CFOs in the universe.”

Big Number Sought for Revamped Tustin Office

REAL ESTATE: $17M asking price for ABM building

The owners of a recently renovated, fully leased creative-office project in Tustin are aiming for one of the largest per-square-foot sales prices for a building of its type in Orange County.

P.J. Salvage Founder Taps Apparel Vet as Successor

RETAIL: Not just PJ’s, now ‘bed to brunch’

P.J. Salvage hired Simon Cohen as president in November, the first shift in top management at the Irvine-based apparel manufacturer since Peter Burke bought it out of bankruptcy in 1997.

Real Estate Exec Joins loanDepot

FINANCE: Ex-CEO heads new ‘mello’ unit

Veteran real estate executive Chris Heller says LD Holdings Inc. has the feeling of a startup.

Health Software Co. Tagnos Lands $5M Series A

Technology Gains Traction With Reimbursement Change

There are plenty of opportunities for software solutions in healthcare operations, ranging from medical-records management to analytics to compliance.

Taco Bell Execs Shift After CEO Moves to Chipotle

RESTAURANTS: Former Starbucks VP joins elevated vet

Taco Bell Corp.’s January shuffle in the top ranks was apparently a sign of things to come.