HEALTHCARE

Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...

Disruptive Innovation

‘Let’s Do It:’ The Redoubtable Joe Kiani Builds Medical-Device PowerPeople telling the Masimo Corp. story like to compare it to David and Goliath, the surprising victory of a shepherd boy defeating a nine-foot giant—aka a “garage startup” victor over larger device companies. Except, to Chief Executive and Chairman Joe Kiani, there’s nothing surprising about the company’s success.

Catheter Maker Raises $3M

Spinal Singularity in San Clemente raised $3.1 million in seed funding to support development of its connected catheter designed for adult men with chronic lower urinary tract dysfunction.

Konica Completes Ambry Buy

Japanese printer maker Konica Minolta Inc. and Innovation Network Corporation of Japan (INCJ) closed their joint acquisition of genetic diagnostics company Ambry Genetics Corp., in Aliso Viejo.

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ChromaDex Hires Ex-Mattel CFO

Irvine-based ChromaDex Corp., a maker of ingredients for dietary supplements, hired Kevin Farr as its new chief financial officer, effective immediately.

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Alorica Names CFO

Irvine-based Alorica Inc., the world’s third-largest provider of customer service solutions and the largest in the U.S., announced the appointment of Cindy Fiorillo as chief financial officer, replacing James Molloy.

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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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Biolase Seeks $12M

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

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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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Sabra Lays Out Strategy for 2018

Irvine-based Sabra Health Care REIT Inc. released growth strategy for next year following lukewarm investor reception to its decision to acquire Care Capital Properties Inc.

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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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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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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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J&J Vision Buys Dry Eye Platform

Santa Ana-based Johnson & Johnson Vision completed its acquisition of TearScience Inc. in Morrisville, N.C. Financial terms weren’t disclosed.

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