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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Santa Ana Healthcare IT Company Fetches $115M

Capario, a Santa Ana-based healthcare technology services company, has been to sold for $115 million to Emdeon Inc. in Nashville, Tenn.

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Allergan to Shareholders: Reject Valeant’s Latest Bid

Allergan Inc. has urged its shareholders to reject the latest advance from hostile suitor Valeant Pharmaceuticals International Inc.

Look for New Level of Intensity on Allergan

HEALTHCARE: Valeant expected to crank up efforts as clock ticks

Expect Valeant Pharmaceuticals International Inc. to go into overdrive this week as it takes its hostile takeover bid for Allergan Inc. directly to shareholders of the Irvine-based drug maker.

Pair of Edwards Competitors Active This Month

One Gets 2nd Valve OK, Other Sues Another Maker

Two companies that are seeking to compete with Irvine-based Edwards Lifesciences Corp. in the less-invasive replacement heart valve market have had a busy month.

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FDA Approves Edwards’ New Heart Valve

Irvine-based Edwards Lifesciences Corp. said today that the Food and Drug Administration approved its Edwards Sapien XT less-invasive heart valve.

Allergan’s Summer Schedule: Test of Endurance

HEALTHCARE: Time could be key to holding off takeover bid

It looks as though there’s no summer break in store for Allergan Inc. Chairman and Chief Executive David Pyott, who appears ready to spend the coming months fighting a hostile takeover attempt by Valeant Pharmaceuticals International Inc.

I-Flow Gets New Headquarters to Go With Fresh Products

HEALTHCARE: Parent firm set for public company spinoff

Medical device maker I-Flow LLC is settling into its new Irvine headquarters and preparing for life as a unit of a yet-to-be-created public company.

Innovation Institute Establishes Venture

The La Palma-based Innovation Institute, a provider of business services, products and investment management services to health systems, formed a new staffing business.

Manufacturer Opens Irvine R&D Center

BIT Group, a contract developer and manufacturer of diagnostic testing products, opened a research and development center in the Irvine Spectrum.

Stock Guru: Beckman Coulter Parent Could Break Up

Cramer Speculates Danaher Would Be Stronger If Split

Danaher Corp., the conglomerate that owns Brea-based medical testing company Beckman Coulter Inc., could be in line for a potential breakup, according to quirky stock guru Jim Cramer.

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Ackman, Pershing Square Sue Allergan

Irvine-based drug maker Allergan Inc. was sued today by activist investor Bill Ackman’s Pershing Square Capital Management LP.

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Allergan Board Rejects New Valeant Bid

Irvine-based Allergan Inc. said today that its board rejected a revised hostile takeover bid worth about $53 billion from Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP.

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Diagnostic Device Developer Opens Irvine R&D Center

BIT Group, a contract developer and manufacturer of diagnostic testing products, opened a research and development center in the Irvine Spectrum.

Growing Sector Could Accelerate Quality Systems

Revenue Cycle Managing Has Much Room to Grow

Irvine-based Quality Systems Inc. will get a bump from the growing revenue cycle management sector in coming years, according to a recently issued analyst report.

Ensign Shares Plummet After REIT Spinoff, Rise on Debut

HEALTHCARE: New entity owns nursing home properties

Orange County has a new publicly traded healthcare company among its ranks.