Orange County Business Journal

HEALTHCARE

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

Does Dual Dip Point to Diminished Prospects for Allergan Deal?

HEALTHCARE: Valeant bid valued just above target’s market valueInvestor sentiment appears to be quietly moving away from the increasingly noisy takeover attempt of Irvine-based Allergan Inc.

By Vita Reed August 11, 2014 midnight   $$ Share
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UCI Chem Prof in Cancer Business Venture

A University of California-Irvine chemistry professor is an equity partner in Novonco Therapeutics Inc., a new company in Los Angeles founded to treat cancer patients.

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CSUF Trust Summit Names Honorees

Several local companies were honored for being the “best connected to their treasured customer base,” during the OC Trust Summit Thursday at California State University-Fullerton.

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Skilled Healthcare Being Bought By Genesis

Foothill Ranch-based Skilled Healthcare Group Inc. said today that it is being bought in an all-stock deal by Kennett Square, Pa.-based Genesis HealthCare. A purchase price was not disclosed.

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Allergan Names Hindman CFO

Irvine-based Allergan Inc. said today that it named Jim Hindman its new chief financial officer.

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Masimo Receives FDA Warning Letter

Irvine-based Masimo Corp. has received a warning letter from the Food and Drug Administration on its manufacturing practices, the company said today in a regulatory filing.

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SEC Looking Into Valeant, Pershing Square

The Securities and Exchange Commission is probing Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP to determine if there has been a breach of insider trading laws in their hostile bid for Irvine-based Allergan Inc., according to reports.

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Saddleback Medical Center Conversion Studied

Saddleback Medical Center Conversion Studied

Fountain Valley-based MemorialCare Health System said today that it would do a feasibility study with an eye toward converting the San Clemente campus of its Saddleback Memorial Medical Center to an ambulatory healthcare campus.

Pignatelli Resigns From Biolase Board

Federico Pignatelli, a director of Irvine-based Biolase Inc., resigned from the company’s board and withdrew his nomination for election at its upcoming annual meeting.

Confie Makes Trio of Brokerage Buys

Huntington Beach-based Confie Seguros Insurance Services Inc. acquired three brokerages to add to its growing list of offices nationwide. Terms were undisclosed for all three transactions.

Software Maker Bought By Texas Firm

A company in Austin, Texas, acquired San Clemente-based Benesan Corp., which makes specialized software for in-home, nonmedical patient care.

Arts Center Names Mazzo to Board

The Segerstrom Center for the Arts in Costa Mesa said James Mazzo is a new member of its board of directors.

Allergan Keeps Analysts Busy On Possible Scenarios

Company Would Buy With Cash; Docs Eschew Valeant

Irvine-based Allergan Inc.’s ongoing attempt to beat back Valeant Pharmaceuticals International Inc.’s hostile takeover bid has provided plenty of grist for the analyst mill in recent weeks.

OC’s Wealthiest

Orange County’s wealthiest person has been putting a fair amount of his fortune back into his business over the past year—but we’re figuring that he’s still likely to have seen a boost to his bottom line of about $1 billion.

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Masimo Slides on Earnings Miss

Shares of Irvine-based Masimo Corp. fell sharply today, one day after its second-quarter results missed analysts’ forecasts.