Orange County Business Journal

HEALTHCARE

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

Biolase Gets $10 Million for Ongoing Turnaround

HEALTHCARE: 2 biggest shareholders boost stakesBiolase Inc. in Irvine sold $10 million in preferred stock and warrants to its two largest shareholders and others to continue to fund a turnaround effort the company said has had some early success.

By Paul Hughes August 15, 2016 midnight   $$ Share
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Frost Data Gets Healthcare Partner

Frost Data Capital in San Juan Capistrano will work with DST Systems Inc. in Kansas City, Mo., on big data analysis for healthcare companies.

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Ensign Group Exits Urgent Care

Ensign Group Inc. in Mission Viejo plans to sell 16 urgent care facilities that are open or in development in the Seattle market to MultiCare Health System in Tacoma, Wash.

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Allergan Study: 1,563 OC Jobs, $307M Payroll

Allergan Plc’s local operations provide 1,563 jobs here with a combined payroll of about $307 million, based on the company’s average salary statewide, an economic impact study said.

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Carrick Capital Buys in Philadelphia

Carrick Capital Partners in Newport Beach has invested $50 million in InstaMed in Philadelphia.

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OCTANe, OC Tech Group to Merge

OCTANe in Aliso Viejo will merge with Orange County Technology Alliance in Mission Viejo.

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Abbott Optics Unit to J&J for $4.3B

Johnson & Johnson in New Brunswick, N.J. will buy Abbott Medical Optics in Santa Ana for $4.3 billion in cash. The deal is expected to close early next year.

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Aerie to Offer $125M in Stock

Aerie Pharmaceuticals Inc. plans to offer $125 million in stock next week.

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Chapman Pharma School Starts Center

Chapman University’s School of Pharmacy has opened its first center, which focuses on targeted drug delivery.

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Allergan Buys Derma Firm for $639M

Allergan Plc will buy Vitae Pharmaceuticals Inc. for about $639 million.

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Innovation Institute in New Alliance

The La Palma-based Innovation Institute has signed an agreement with the Westport, Conn.-based Society of Physician Entrepreneurs, a biomedical and healthcare innovation network of more than 25,000 members in some 20 chapters worldwide.

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KKR Puts $66M in AcuFocus

AcuFocus Inc. in Irvine received $66 million in a funding round led by KKR & Co. LLP in New York.

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Rox Medical Raises $40M

Rox Medical in San Clemente got $40 million in Series E financing led by Novartis Venture Fund and Apple Tree Partners, with participation by Versant Ventures and Domain Associates.

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Aneurysm Device Developer Sold

Blockade Medical in Irvine has been sold to Balt International in Paris on undisclosed terms.

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Allergan Buys Eye Therapy Developer

Allergan Plc bought RetroSense Therapeutics for $60 million and milestone payments.

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UCI Health to Run Catalina ER

UC Irvine Health in Orange will provide emergency room services on Catalina Island beginning today.