FINANCE

EnteroMedics Buys OC Company

St. Paul, Minn.-based EnteroMedics Inc. acquired ReShape Medical Inc. in San Clemente for $61 million cash and stock.

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Botox Approved for Forehead Lines

Allergan PLC received Food and Drug Administration approval to use Botox to temporarily reduce moderate to severe forehead lines.

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CareTrust Completes Skilled Nursing Buy

CareTrust REIT Inc. of San Clemente completed a two-stage acquisition comprised of seven skilled nursing facilities in Idaho.

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San Clemente ‘Kid’ Nets Big Catch on Shark Tank

The 12-year-old creator of a skateboard that fits into school lockers and backpacks received a $65,000 investment from Sir Richard Branson for a 20% stake in a company he created with his parents on the season premiere of “Shark Tank,” last night.

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Biolase Seeks $12M

Biolase Inc. plans to raise up to $12 million with a rights offering to current shareholders.

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Smart Camera Co. Gets $5.4M

Opkix Inc. in Costa Mesa said it raised $5.4 million in Series A funding, and it now has a value of $90 million.

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PHG Sells Bacara

Irvine-based Pacific Hospitality Group has sold of one of its high-end hotel properties, Bacara Resort & Spa in Santa Barbara County.

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CalAmp Up on Earnings

Shares of CalAmp Corp. (Nasdaq: CAMP), an Irvine-based maker of Internet-connected products, rose as much as 9.3% after reporting fiscal second-quarter revenue that topped analyst estimates.

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$20 million gift to Chapman

Chapman University said a $20 million gift from the Los Angeles-based W. M. Keck Foundation will name a future science building at its main campus in Orange as the Keck Center for Science and Engineering.

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MeriCal to Buy Utah Supplement Maker

Anaheim-based MeriCal LLC, which makes probiotics and other dietary supplements, will acquire Global Health Industries in Ogden, Utah.

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Ensign Beefs Up Nevada Business

Ensign Group Inc. in Mission Viejo acquired Comfort Hospice Care, a hospice provider serving Las Vegas, Pahrump and surrounding communities in Southern Nevada.

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American Vanguard Buys Non-Crop Co.

AMVAC Chemical Corp., a subsidiary of American Vanguard Corp. in Newport Beach, bought OHP Inc. in Mainland, Pa., on undisclosed terms.

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Hyundai Connects With AutoGravity App

Hyundai Capital America, with operations in Newport Beach and Irvine, joined the AutoGravity car shopping and financing platform.

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Metal Processor Buys Division

All Metals Processing of Orange County LLC acquired Triumph Processing-Embee Division Inc. from its parent, Berwyn, Pa.-based Triumph Group Inc., on undisclosed terms.

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Sonendo Raises $50M

Sonendo Inc. in Laguna Hills raised $50 million in a growth investment round by New York private equity firm General Atlantic.

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Green Grant to PBS SoCal

Costa Mesa-based PBS SoCal KOCE is one of five public stations that’s been awarded a grant by Washington, D.C.-based The Corporation for Public Broadcasting.

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Unemployment Remains 4.2%

Orange County’s unadjusted unemployment rate was 4.2% in August, unchanged from July and below the 4.3% reported for the same period last year, the state Employment Development Department said.

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UCI Gets Another $1M

The University of California-Irvine announced today that it received a second $1 million gift from the estate of Christian Werner, the late professor emeritus of geography and former dean of the School of Social Sciences.

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Chapman Law gets $1.1M

Chapman University said today its Dale E. Fowler School of Law received a $1.125 million gift from Newport Beach-based law firm, Bergener Mirejovsky APC.

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UCI Gets Most of $8M Grant

University of California-Irvine said today the National Science Foundation awarded $8 million to a UCI-led consortium to develop a system that can restore walking ability and sensation in individuals with spinal cord injuries.

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Lazy Dog to Sacramento

Lazy Dog Restaurant & Bar will open two locations in the Sacramento market.

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Jannard Partners Up in ‘Disruptive’ Smartphone Venture

Red Digital Cinema Camera Co. in Irvine said its upcoming smartphone will be developed in partnership with Menlo Park-based Leia Inc.

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Khanna Sells Venice Hotel

Khanna Enterprises Ltd. in Irvine sold the 12-story, 250-room Custom Hotel in the Westchester area of Los Angeles for more than $40 million, or at least $160,000 per room.

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Peregrine Gives Back Some Gains

Shares in Peregrine Pharmaceuticals Inc. in Tustin rose 12% in intraday trading Monday and rose another 4% after hours on a nearly four-fold increase in revenue and a sharply lower quarterly loss; trading volume on the day was three times its 90-day average. In Tuesday midday trading the drugmaker gave back some of those gains.

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Ducommun Closes HB Buy

Santa Ana-based aerospace manufacturer Ducommun Inc. closed its $60 million cash buy of LS Holdings Company LLC, the company said today.

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