HEALTHCARE

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

CombiMatrix To Be Bought By Year-End

HEALTHCARE: SF-based InVitae grows family healthCombiMatrix Corp. announced InVitae Corp. in San Francisco is acquiring it. It’s an all-stock deal expected to close by the end of the year, valued at $33 million to CombiMatrix stock and warrant holders.

Sabra Completes CCP Buy

Irvine-based Sabra Health Care REIT Inc. and Care Capital Properties Inc. in Chicago announced completion of their all-stock merger despite shareholder backlash.

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Sabra-CCP Deal Gets Shareholder OK

Sabra Health Care REIT Inc. shareholders voted to approve a proposal to issue common stock related to a pending $7.4 billion merger with Care Capital Properties Inc., a transaction scheduled to close Thursday.

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Grants at UCI Top $375M

University of California-Irvine researchers received more than $378 million in grants and contract funding for fiscal 2016-17, the second-highest total in campus history, UCI said.

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Market Concerned About Sabra REIT’s CCP Buy

But Company Plans To Go Forward With Deal

Irvine-based Sabra Health Care REIT Inc.’s $7.4 billion all-stock merger with Care Capital Properties Inc. in Chicago—which will create a company with a portfolio of 546 investments across 43 states and Canada—faces some headwinds after proxy advisory firm Institutional Shareholder Services Inc. recommended Sabra shareholders oppose the acquisition.

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Accelerators Help Bridge County’s Vast Sprawl

Jumpstart Companies By Various Means

Accelerators play a multifaceted role in any startups ecosystem, providing access to investors and mentors and helping companies scale.

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St. Joseph Hoag Expands Wellness Corners Strategy

Takes Employer-Based Model to Community

Irvine-based St. Joseph Hoag Health has rolled out its latest iteration of Wellness Corner inside an LA Fitness.

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Allergan Q2 Strong, Raises Guidance

Allergan plc reported revenue of $4 billion for its most recent quarter, up 9% year-over-year and driven primarily by its Irvine-based aesthetic portfolio that includes Botox and dermal filler Juvederm.

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Masimo Beats Q2, Stock Slides 9%

Masimo announced strong second quarter results, total revenue rose 11.8% from $172.6 million to $192.9 million, including royalties. Product revenue rose 11.1% to 182.8 million.

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Senior Living Dampens HCP Q2

Irvine-based healthcare real estate investment trust HCP Inc. reported funds from operations—FFO, the REIT equivalent of earnings—of $0.35 per share, down from $0.51 per share in the first quarter and $0.71 per share a year ago.

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CombiMatrix Sells for $33M

CombiMatrix Corp. in Irvine said it will be bought by Invitae Corp. in San Francisco for $33 million in stock.

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Edwards Q2 Beats Expectations

Irvine-based Edwards Lifesciences Corp. reported $186 million in profit on sales of $842 million—up 47% and 11% respectively—for the quarter ended June 30.

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Chapman Gets $2M Award

Chapman University won Children’s Hospital of Orange County’s first Philanthropic Venture Funding Competition.

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Ex-Microsoft Exec Joins St. Joseph

Providence St. Joseph Health appointed Venkat Bhamidipati as executive vice president and chief financial officer, effective July 31.

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Incubator Gets $4.5M for Okami

Aliso Viejo-based Inceptus Medical LLC said it helped Okami Medical Inc. raise a $4.5 million series B financing from U.S. Venture Partners in Menlo Park and other individual investors.

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