HEALTHCARE

Senior Living Dampens HCP Q2

Irvine-based healthcare real estate investment trust HCP Inc. reported funds from operations—FFO, the REIT equivalent of earnings—of $0.35 per share, down from $0.51 per share in the first quarter and $0.71 per share a year ago.

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CombiMatrix Sells for $33M

CombiMatrix Corp. in Irvine said it will be bought by Invitae Corp. in San Francisco for $33 million in stock.

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Edwards Q2 Beats Expectations

Irvine-based Edwards Lifesciences Corp. reported $186 million in profit on sales of $842 million—up 47% and 11% respectively—for the quarter ended June 30.

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Chapman Gets $2M Award

Chapman University won Children’s Hospital of Orange County’s first Philanthropic Venture Funding Competition.

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Ex-Microsoft Exec Joins St. Joseph

Providence St. Joseph Health appointed Venkat Bhamidipati as executive vice president and chief financial officer, effective July 31.

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Incubator Gets $4.5M for Okami

Aliso Viejo-based Inceptus Medical LLC said it helped Okami Medical Inc. raise a $4.5 million series B financing from U.S. Venture Partners in Menlo Park and other individual investors.

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Rebound Raises $16.5M

Irvine-based medical device company Rebound Therapeutics Corp. raised $16.5 million in Series B financing.

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Allegro Raises $10.7M

Allegro Ophthalmics LLC in San Juan Capistrano raised $10.7 million in equity financing. Terms were not disclosed.

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Argosy Starts Health Law Program

Argosy University in Orange said it will launch a Master of Law in Compliance online degree program with a health law concentration.

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Acupuncture Franchise Signs OC Developer

Golden State Management Corp. in Lake Forest plans 25 to 30 locations of Modern Acupuncture in OC over the next three years, part of a commitment of 65 sites that includes San Diego County and the Inland Empire.

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Axonics Gets $20.5M Series C

Irvine-based device maker Axonics Modulation Technologies Inc. completed a $20.5 million second closing of its series C, bringing the total amount of capital raised for the round to $35 million.

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Konica Will Buy Ambry for $800M+

Konica Minolta has signed a definitive agreement to buy Aliso Viejo-based genetic testing company Ambry Genetics Corp., the companies said.

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Report: Ambry Price $890M

Ambry Genetics Corp. in Aliso Viejo will sell to Tokyo-based Konica Minolta Inc. for about $890 million, a report in Nikkei Asian Review said Sunday.

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Ingram Named CEO of Sarepta

Sarepta Therapeutics Inc. in Cambridge, Mass., named Douglas Ingram its president and chief executive officer.

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CHOC Hires Texas-Sized CIO

Children’s Hospital Orange County in Orange appointed John Henderson vice president and chief information officer.

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