HEALTHCARE

ICU Guides EBITDA Up

ICU Medical Inc. in San Clemente reported revenue of about $343 million in its most recent quarter, compared with about $97 million in the same period prior year.

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ChromaDex Sales Up in Q3

Irvine-based ChromaDex Corp. reported $6.1 million in sales for its most recent quarter, up 55% year-over-year, and a net loss of $3.2 million, about 30% more than the same period last year.

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MemorialCare to Close LB Hospital

Community Medical Center Long Beach, one of Fountain Valley-based MemorialCare Health System’s three hospitals in the area, will soon close due to not meeting earthquake building standards.

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ChromaDex Lands $23M Private Placement

Irvine-based ChromaDex Corp. will sell more than 5.6 million shares of its common stock at a purchase price of $4.10 per share, or about $23 million.

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Prosthetics Maker Freedom Innovations Ups Game

HEALTHCARE: Merged with Ottobock, plans IPO in 2 years

When your private equity investor wants to cash out, it’s often with a sale. Irvine-based Freedom Innovations LLC said it couldn’t be happier with a strategic partner like German prosthetics maker Ottobock.

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OCTANe Pivots to Later-Stage Cos.

Plans to Move Upmarket And Grow Reg’l Presence

OCTANe was created in 2002 to bring together resources, expertise and capital to help grow biomedical and information technology startups.

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Hoag Orthopedic Taps St. Joseph Hoag CFO to Lead

HEALTHCARE: Plans to partner to grow outpatient care

Irvine-based Hoag Orthopedic Institute, a unique for-profit joint venture comprised of two groups of orthopedic surgeons and a nonprofit hospital, is positioned for growth with a new chief executive at the helm.

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CalChoice Seeks to Remain Competitive on Price

Launch Rate Parity Plan From Kaiser Next Year

The current healthcare bill debate primarily impacts the individual market, but uncertainty remains for insurers and carriers.

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Allergan Q3 Beats, Street Not Impressed

Allergan PLC grew sales by 11% in the third quarter, led once again by its flagship drug BOTOX.

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HCP to Reduce Brookdale Concentration

HCP Inc. fronted its quarterly earnings report by giving some specific ways it will cut from 27% to about 16% the amount its Brookdale Senior Living unit contributes to earnings.

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Masimo Reports Strong Q3, Guides Higher

The Irvine device maker reported total revenue of $193.7 million, including $12.4 million in royalties and other revenue, up more than 15% from the same period a year ago.

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CareTrust Buys SoCal Skilled Nursing Assets

San Clemente-based CareTrust REIT Inc. acquired a three-facility 529-bed skilled nursing portfolio in Southern California from Providence Group for $69 million. The portfolio will yield approximately $6.1 million in initial annual cash rent.

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Allergan Gets China OK for Eye Device

Allergan PLC received Chinese regulatory approval for Ozurdex, an eye implant designed to treat adults with macular edema following retinal vein occlusion—an eye stroke.

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Dendreon Adds 5 Senior Execs

Dendreon Pharmaceuticals LLC expanded its senior management with three new hires and two promotions.

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Pickup Family Gives Hoag $15M

Hoag Memorial Hospital Presbyterian in Newport Beach received a $15 million gift for its neurosciences institute from longtime local philanthropists the Pickup Family Foundation.

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