Orange County Business Journal

HEALTHCARE

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

MemorialCare Gears Up for Healthcare Changes

HEALTHCARE: Promotions, new hires reflect reform’s effects

MemorialCare Health System is remaking its front office with an eye on healthcare reform.

ADDENDUM

A bankruptcy judge approved Wanxiang America Corp.’s $149.2 million bid for the sale of Costa Mesa-based Fisker Automotive Inc. The offer by Wanxiang, part of China-based auto parts company Wanxiang Group Corp., beat Fisker’s senior secured lender, Hybrid Tech Holdings LLC, in the auction. Hybrid Tech is affiliated with Hong Kong billionaire Richard Li.

Masimo Gets Good Analyst Grades for Long Term

Still Uncertainty Over Covidien Royalty Payments

Irvine-based patient monitor maker Masimo Corp.’s long-term growth prospects remain attractive, an analyst said this month.

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Biolase Signs 3-D Printer Deal, Shares Rise

Irvine-based Biolase Technology Inc.’s stock jumped in the double digits today after it signed a distribution deal for 3-D printers.

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Raw Ingredients Supplier Moves to Irvine

Herbal extracts supplier GE Nutrients Inc. has expanded its U.S. operations in a recent move to Irvine from Anaheim.

Kiani’s Patient Safety Bid Gains Look of Movement

HEALTHCARE: More companies, hospitals join Masimo-led initiative

More companies and hospitals are being drawn to the patient safety movement spearheaded by the chief executive of Irvine-based patient monitor maker Masimo Corp.

New Device Maker CEO Replaces Founder

San Clemente-based ICU Medical Inc. appointed Vivek Jain chief executive, effective last week.

Tustin Hospital Closes, Lays Off Staff

The 177-bed Newport Specialty Hospital laid off its staff of 147 workers and was set to close Feb. 15, according to a state filing.

Q&A - Wealth Management Firms

A general rise in life expectancy has been the focus of many a conversation among wealth managers and their clients of late, regardless of how far the clients may be from planned retirement.

Allergan Spends More to Market Established Brands

Advertising Budget 13% Higher Than 2013’s

Irvine-based Allergan Inc. may be on the hunt for new products, both internally and externally, but it’s still working its core brands by investing in advertising campaigns, according to Chief Executive David Pyott.

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CALENDAR OCBJ

A listing of business events happening all around Orange County.

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Masimo’s Q4 Profit in Line, Misses on Revenue

Irvine-based medical device maker Masimo Corp. today posted a fourth-quarter profit in line with Wall Street, while revenue missed expectations.

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LA Fitness Boost for Augie’s Quest

Irvine-based Fitness International LLC plans to host group fitness classes at more than 500 of the company’s locations as part of a fundraiser for Augie’s Quest, a non-profit founded by Corona del Mar resident Augie Nieto.

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Local VCs Back Margolis’ Healthcare Company

A couple of Orange County venture capital firms participated in a $22.1 million funding round for Welltok Inc., a healthcare software company in Denver.

Newport Specialty Hospital to Close This Week, Furlough 147

177-bed Newport Specialty Hospital will lay off its staff of 147 workers and close on Feb. 15, according to a state filing.