Orange County Business Journal

HEALTHCARE

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

Abbott Ups Overseas Presence With Malaysia Plant

Device Maker Puts $60M Into Venture to Hire 500Abbott Laboratories, the parent of Santa Ana-based Abbott Medical Optics, is spending $60 million on an intraocular lens plant in Malaysia.

By Vita Reed October 6, 2014 midnight   $$ Share
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AtheroNova Prices Offering, Shares Fall

Irvine-based biotechnology company AtheroNova Inc. has priced an offering of 4 million shares of its stock and warrants to buy its stock.

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Placentia-Linda Hospital Names Chief Executive

Tenet Healthcare Corp. said today that Audrey Gregory is the new chief executive of Placentia-Linda Hospital.

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CareTrust Buys Idaho Senior Housing

Mission Viejo-based CareTrust REIT Inc. said today that it will spend $12 million to buy three senior housing facilities.

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Valeant Might Up Bid; Allergan Beats the Street

Valeant Pharmaceuticals International Inc. said today it would be willing to raise its hostile takeover bid for Irvine-based Allergan Inc. to $200 a share.

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Kareo Raises $15M

Irvine-based Kareo Inc. said today that it received $15 million in mezzanine debt financing, bringing its total capital raised this year to $47 million.

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Edwards Beats Estimates

Irvine-based Edwards Lifesciences Corp. after markets closed Thursday posted third-quarter financial results that exceeded expectations, and the stock continued to rise on Friday.

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UCI Shares in $8M Stem Cell Grant

University of California-Irvine announced it will conduct clinical trials for stem cell treatment in partnership with University of California-Los Angeles under an $8 million grant.

Allergan Takeover Rhetoric Intensifies Amid Skepticism

HEALTHCARE: Ackman goes on offensive, questions continue

Irvine-based Allergan Inc.’s long-running battle to stay independent marches on as hostile pursuer rhetoric heats up and many analysts express doubt about the deal going through.

Lifestyle Healthcare Company Grows, Rumored for IPO

HEALTHCARE: Alphaeon closes in on nine figures

Irvine-based Alphaeon Corp.’s focus on “lifestyle healthcare” is pushing the company close to nine figures in revenue and positioning it for a potential initial public offering.

Irvine For-Profit College Marks Year of Expansion

EDUCATION: Equipment, new programs at Stanbridge

Stanbridge College added an associate of veterinary technology program this year, and President and Chief Executive Yasith Weerasuriya showed a recent visitor the cat cadavers to prove it.

REIT Spends $59 Million on Properties

Irvine-based Sabra Healthcare REIT Inc. said it bought eight properties in three states for $59.1 million.

$1.3M to UCI for Lung Treatment Work

Four University of California-Irvine materials science and engineering researchers will receive $1.3 million from the National Science Foundation for work that could be used to develop lung disease treatments.

Edwards Lifesciences’ Pipeline Cited on Upgrade

Plus Good Clinical Trial News, Valve’s US Release

Irvine-based heart valve maker Edwards Lifesciences Corp.’s pipeline and positive second-quarter news recently landed it an upgrade from Chicago-based Zacks Investment Research to a “buy” ranking.

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Miller-Phipps to Kaiser’s Georgia Plan

Kaiser Permanente said today that Julie Miller-Phipps, vice president and executive director of Kaiser Foundation Hospitals and Health Plan in Orange County, was named president of Kaiser Foundation Health Plan of Georgia.

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Allergan Laying Off 40 in Carlsbad

Irvine-based drug maker Allergan Inc. filed papers with state officials saying it will lay off 40 workers in Carlsbad, effective Nov. 28, according to a Worker Adjustment and Retraining Notification notice filed with the state Employment Development Department.