Orange County Business Journal


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

Avanir Pharmaceuticals Inc., an Aliso Viejo-based drugmaker, said today that Rohan Palekar is its new chief executive.

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Device Maker Raises $27M

San Clemente-based VertiFlex Inc. has raised $26.8 million out of a proposed $45.7 million in funding, according to a Securities and Exchange Commission filing.

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Strathspey Crown Buys Nevada Firm’s Assets

Newport Beach-based Strathspey Crown Holdings LLC bought the portfolio companies of Incline Village, Nevada-based Novus Via LP on undisclosed terms.

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Mission Hospital CEO to Depart

Kenneth McFarland, chief executive of Mission Hospital, said today that he will leave to pursue other opportunities. McFarland’s departure is effective Feb. 5.

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CHOC Pays $44M for Orange Office

Children’s Hospital of Orange County has bought an eight-story medical and office building next to its main campus in Orange.

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Device Maker Ellipse in $410M Sale

Aliso Viejo-based medical device maker Ellipse Technologies Inc. will be sold to San Diego-based NuVasive Inc. in a deal worth up to $410 million.

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Care Facility Operator Names President

Irvine-based healthcare facilities operator Silverado named Shamim Wu president and chief operating officer, a new position.

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Kaiser to Launch Med School

Kaiser Permanente plans to open a medical school in Southern California.

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Edwards Invests in Baltimore Startup

Edwards Lifesciences Corp. in Irvine has invested in Harpoon Medical Inc., a Baltimore-based start-up company developing a “minimally invasive” product to surgically repair mitral valves in the heart.

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Alphaeon Names Two Board Members

Irvine-based Alphaeon Corp. has named former New Mexico governor Bill Richardson and James Xiaodong Liu, chief executive of Hong Kong-based Sailing Capital Management to its board of directors.

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Ex-Allergan President Tapped by DC Drug Developer

Chase Pharmaceuticals Corp. said that it has appointed Douglas Ingram, a former president of Allergan Inc., which was based in Irvine, as its chief executive.

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UCI to Get $4.7M in Biomarker Study

University of California-Irvine will get $4.7 million in grant money to help predict the onset of Alzheimer’s disease in adults with Down syndrome.

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St. Joseph Health Signs Agreement with Providence

Irvine-based St. Joseph Health said today it signed a definitive agreement with Renton, Wash.-based Providence Health and Services.

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Allergan Name to Go in $155B Pfizer Deal

Allergan PLC and Pfizer Inc. will merge in a deal worth about $155 billion.

Alphaeon Pays $59M for Device Maker

HEALTHCARE: Adds software firm on undisclosed terms

Alphaeon Corp. keeps on making deals.