Orange County Business Journal

HEALTHCARE

Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...
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Advisory Firms Call for Allergan Special Meeting

Two proxy advisory firms now are backing activist investor Bill Ackman in his efforts to call a special meeting of Irvine-based Allergan Inc. shareholders as part of a hostile takeover bid from Valeant Pharmaceuticals International Inc.

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Pignatelli Resigns From Biolase’s Board

Federico Pignatelli, a director of Irvine-based Biolase Inc., said today he was resigning from the company’s board and withdrawing his nomination for election at its upcoming annual meeting.

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San Clemente Software Company Acquired

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

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Ensign Group Buys Angeles Home Health Care

The Ensign Group Inc. in Mission Viejo has purchased Angeles Home Health Care of Los Angeles for an undisclosed amount.

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Mazzo to Segerstrom Board

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

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St. Joseph Hoag Health, CHOC in ACO

Irvine-based St. Joseph Hoag Health and Children’s Hospital of Orange County said today that they would form an accountable care organization.

List of Prospects for Allergan Acquisition Emerges

HEALTHCARE: Drug maker could derail hostile bid with deal

Names are emerging as potential buys for Irvine-based Allergan Inc. as it strives to derail Valeant Pharmaceuticals International Inc.’s hostile takeover attempt.

Beckman Coulter to Keep Siemens Buy Up North

Microbiology Unit To Stay In West Sacramento

Beckman Coulter Inc., a Brea-based maker of diagnostic testing instruments and supplies, is gearing up to digest its newest acquisition.

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Allergan Contends Insider Trading in Suit against Valeant, Ackman

Irvine-based Allergan Inc. filed a federal lawsuit today that contends hostile suitor Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman engaged in insider trading.

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Newport Beach Biopharmaceutical Company Raises $13.6M

Newport Beach-based Cold Genesys Inc. said it received $13.57 million in first round of funding.

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Valeant Shares Dip; Allergan Bid Still On

Shares of Valeant Pharmaceuticals International Inc., which is attempting to take over Irvine-based Allergan Inc., fell sharply today after it cut its 2014 and 2015 profit forecasts.

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Edwards’ Profit Gain Fueled by Settlement

Irvine-based Edwards Lifesciences Corp. today reported second-quarter results that surpassed Wall Street’s expectations.

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MemorialCare Hospital Enters Pediatric Care Alliance

Fountain Valley-based MemorialCare Health System said today that its Miller Children’s Hospital formed an alliance with Torrance Memorial Medical Center.

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Allergan Raises Bar on Raiders With Cost Cuts, Pledge on Profits

Allergan Inc.’s promise of cost cuts and higher profits might have put the company out of its hostile suitors’ reach.

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Alphaeon Buys Eye Product Maker

Newport Beach-based Alphaeon Corp. said today that it bought Physician Recommended Nutriceuticals LLC in a deal that it said could be worth up to $55 million.