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.

CombiMatrix Sells for $33M

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

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.

Chapman Gets $2M Award

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

Ex-Microsoft Exec Joins St. Joseph

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

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.

Rebound Raises $16.5M

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

Allegro Raises $10.7M

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

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.

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.

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.