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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Allergan Ends Legal Battle With Ackman, Valeant

Allergan Inc., the Irvine drug maker that is now part of Dublin-based Actavis Plc., has ended its court fight with Canada-based Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s New York City-based Pershing Square Capital Management LP.

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CareTrust Buys Nursing Home for $9.1M

San Clemente-based CareTrust REIT Inc. said today that it bought a nursing home in Washington state for $9.1 million.

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St. Joseph Health Taps Chief Medical Officer

Irvine-based St. Joseph Health said today that Dr. Jack Cox is its new senior vice president and chief medical officer.

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Ambry Buys Software Company

Aliso Viejo-based Ambry Genetics Corp. acquired Delray Beach, Fla-based Progeny Software LLC for an undisclosed price.

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Pyott Gets $534M on Allergan Sale

David Pyott, the former chief executive of Irvine-based Allergan Inc., converted stock to a total of $534 million in cash following Allergan’s $72.5 billion acquisition by Actavis Plc, according to a Securities and Exchange Commission filing.

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CHOC Takes Stake in Innovation Institute

The Innovation Institute in La Palma, founded with an investment from Irvine-based St. Joseph Health, said today that Children’s Hospital of Orange County has become its third member and investor.

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UCI Stem Cell Researcher Gets $5M

A University of California-Irvine researcher has been awarded $5 million to develop stem cell treatments for Huntington’s disease, the university said.

Clock Ticks as Startup Drug Maker Seeks Lifeline

HEALTHCARE: BK filing follows several loan defaults

Irvine-based AtheroNova Inc. is searching for a buyer willing to extend the cash-strapped startup’s existence as it reviews early data on its effort to develop drugs to fight atherosclerosis, or hardening of the arteries.

‘Post-Affordable Care Act’ CEO Sought for UCI Medical Center

HEALTHCARE: New boss says search ‘unfolding’

Dr. Howard Federoff will soon take up some heavy lifting in his new job as the University of California-Irvine’s top healthcare executive.

Fitch Affirms Strong Ratings on MemorialCare Finances

Frees System to Invest In ‘Strategic Initiatives’

Fountain Valley-based MemorialCare Health System’s solid debt ratings were affirmed this month by New York City-based Fitch Ratings Inc.

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Ingram to Pacific Life's Board

Newport Beach-based Pacific Life Insurance Co. said today that Douglas Ingram, former president of Allergan Inc., has been elected to its board, effective May 1.

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ReShape Raises $2M

San Clemente-based medical device maker ReShape Medical Inc. has raised $2 million, according to a Securities and Exchange Commission filing.

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Seven Honored for Entrepreneurship

Members of the Orange County business community celebrated seven winners during a luncheon Wednesday for the Business Journal’s 14th Annual Excellence in Entrepreneurship Awards.

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Pyott to Retain Chair of Allergan Foundation

David Pyott will remain chair of the Allergan Foundation, according to Actavis PLC, the Ireland-based drug maker that recently wrapped up its $72.5 billion buy of Irvine-based Allergan Inc.

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Actavis Wraps Up Allergan Buy; Pyott Passes on Board Seat

Actavis PLC said today that it completed its acquisition of Irvine-based drugmaker Allergan Inc., currently valued at about $72.5 billion.