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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Hoag Gets Stroke Center Nod

Newport Beach-based Hoag Memorial Hospital Presbyterian has been certified as a “Comprehensive Stroke Center” by Milford, Ohio-based DNV GL Healthcare USA Inc.

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OCTANe Adds Growth Group

OCTANe in Aliso Viejo formed a division it dubbed ‘Growth Services,’ to increase “resources, intelligence, capital and deal flow,” for the group’s members, partners, investors, entrepreneurs and accelerator alumni, Chief Executive Bill Carpou said.

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Allergan’s Saunders Adds Chairman Role

Allergan Plc President and Chief Executive Brent Saunders is now also Chairman of the drug maker’s board of directors, replacing Paul Bisaro.

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Edwards Shares Fall on Sapien Sales

Shares of Edwards Lifesciences Corp. in Irvine fell 15% to about $96.50 a share and a $20 billion market cap on a lower-than-expected increase in its most recent quarter on international sales of its main product, the Sapien heart valves.

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Cianna Medical Raises $4 Million

Aliso Viejo-based Cianna Medical Inc. has raised about $4.2 million in venture capital funding from 12 investors.

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San Clemente Firm Raises $15 million

San Clemente-based VertiFlex Inc. has raised about $15.2 million from six investors.

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Health Data Firm Adds $1.8M

Pinscriptive in San Juan Capistrano a software analytics company focused on specialty drugs announced today that it’s closed $1.78 million in seed funding since it started in March 2015, with $500,000 of that amount received in August.

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Placentia-Linda Hospital Names CEO

Placentia-Linda Hospital named Christina Oh chief executive to succeed outgoing Interim Chief Executive Chuck Orlando.

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Wound Device Maker gets $5M

Harbor MedTech Inc. in Irvine raised $5 million in equity funding from three investors as part of an unfinished $8.5 million effort, a regulatory filing said.

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ICU $1B Buy Creates ‘Pure Play’

ICU Medical Inc. in San Clemente said it would buy New York-based Pfizer Inc.’s infusion therapy division in a cash-and-stock deal valued at $1 billion.

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REIT in $25M Buildings Buy

Griffin-American Healthcare REIT IV Inc. in Irvine bought two medical office buildings, one each in Michigan and Alabama, for a combined $25 million.

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Nutrients Maker to Chicago PE Firm

Orange-based Merical Inc. has been acquired on undisclosed terms by private-equity firm Linden Capital Partners LLC in Chicago.

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Kiani Co-Leads $24M Investment

Masimo Corp. Chief Executive Joe Kiani co-led a $24 million equity investment in Stereotaxis Inc. that could be worth as much as $50 million.

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Avocado, Heart-Health Group in Pact

The Hass Avocado Board in Mission Viejo formed a four-year partnership with the American Heart Association “to galvanize Americans to eat the recommended amounts of fruits and vegetables every day.”

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Frost Data Gets Healthcare Partner

Frost Data Capital in San Juan Capistrano will work with DST Systems Inc. in Kansas City, Mo., on big data analysis for healthcare companies.