Orange County Business Journal


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

Edwards Lifesciences Expands HQ With Buy

REAL ESTATE: Pays $18.5M for two-story office on Alton Pkwy.Edwards Lifesciences Corp. has bought a midsized building next to its headquarters that’s under expansion in Irvine.

By Mark Mueller, Sherry Hsieh May 23, 2017 4:01 p.m.   $$ Share
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Mistrial in Mazzo Insider-Trading Case

A mistrial was declared Friday in the insider trading case against Jim Mazzo, global president of ophthalmic devices at Carl Zeiss Meditec AG in Germany, while two others—former Angels player Doug DeCinces and friend David Parker—were found guilty of multiple charges, the U.S. Department of Justice said.

By Sherry Hsieh May 15, 2017 10:44 a.m. share »
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Healthcare REITs to Merge

Sabra Health Care REIT Inc. in Irvine and Care Capital Properties Inc. in Chicago plan an all-stock merger that’s expected to close in the third quarter.

By Sherry Hsieh, Paul Hughes May 8, 2017 9:29 a.m. share »
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Axonics Raises $14.5M

Axonics Modulation Technologies Inc. closed $14.5 million in series C financing, pushing its total fund-raising past the $85 million mark.

By Sherry Hsieh May 2, 2017 11:29 a.m. share »
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Eye Device Maker Lands $21M

Irvine-based LensGen Inc. has closed $21 million series A financing, with an option to expand the financing commitment by an additional $5 million.

By Sherry Hsieh May 2, 2017 10:32 a.m. share »
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China Billionaire to Take ChromaDex Stake

ChromaDex Corp. in Irvine said Hong Kong investor Li Ka-shing would buy up to $25 million of its common stock in a private placement.

By Paul Hughes April 27, 2017 11:33 a.m. share »
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FDA Approves Allergan Dry Eye Device

Allergan PLC received Food and Drug Administration approval for TrueTear Intranasal Tear Neurostimular, a device that temporarily increases tear production via electrical stimulation.

By Sherry Hsieh April 25, 2017 12:51 p.m. share »
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Glaukos’ $5.5M Buy Grows Line

Glaukos Corp. in San Clemente paid $5.5 million to Dose Medical Corp. in Laguna Hills for wireless sensor technology to incorporate into Glaukos’ eye stent product line to treat glaucoma.

By Sherry Hsieh April 14, 2017 11:31 a.m. share »
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Biolase to Raise Up to $17.6M

Biolase Inc. in Irvine plans to raise up to $17.6 million, including warrants, in a private placement with several investors.

By Paul Hughes April 13, 2017 11:02 a.m. share »
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Quality Systems in $34M Buy

Quality Systems Inc. subsidiary NextGen Healthcare Information Systems LLC will buy Entrada Inc. for $34 million.

By Sherry Hsieh April 12, 2017 12:40 p.m. share »
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Alliance Goes Private

Alliance HealthCare Services Inc. in Newport Beach will be taken private by Tahoe Investment Group Co., Ltd. in Fuzhou, China in a deal that values Alliance at about $145 million.

By Sherry Hsieh April 11, 2017 11:04 a.m. share »
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Concierge Health App Planned

Former Alphaeon Corp. Chief Executive Robert Grant said he will launch an app this fall for consumers to schedule and access on-demand specialist physicians in fields such as orthopedics, cardiology and brain surgery.

By Sherry Hsieh April 7, 2017 9:40 a.m. share »
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Endologix Signs $170M Debt Deal

Endologix Inc. in Irvine agreed on a debt package of $170 million with New York private equity firm Deerfield Management Co., which now also holds rights to buy 6.5 million Endologix shares at $9.23 apiece.

By Sherry Hsieh April 6, 2017 1:23 p.m. share »
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Apax to buy Syneron for $397M

Apax Partners LLC has agreed to buy Syneron Medical Ltd. for $397 million in cash.

By Sherry Hsieh April 3, 2017 12:10 p.m. share »
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HCP President to Depart

HCP Inc. President Justin Hutchens will leave the Irvine-based healthcare-focused real estate investment trust to lead Darlington, England-based HC-One Ltd. as chief executive.

By Sherry Hsieh April 3, 2017 11:49 a.m. share »
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Chapman Dean Adds Pharma Group Duties

Nancy Alvarez, assistant dean of experiential education and continuing professional development for Chapman University’s School of Pharmacy, was inducted Monday as the 162nd president of the American Pharmacists Association.

By Deirdre Newman March 28, 2017 3:04 p.m. share »