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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Masimo in $300M Patent Settlement

Masimo Corp. will receive $300 million in this fiscal quarter from Koninklijke Philips NV to end their patent disputes.

By Paul Hughes November 7, 2016 10:45 a.m. share »
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HCP to Sell 64 Properties for $1.1B

Irvine-based HCP Inc. has agreed to sell a portfolio of 64 properties leased to Brookdale Senior Living Inc. for $1.1 billion to affiliates of Blackstone Group in New York.

By Sherry Hsieh November 2, 2016 1:15 p.m. share »
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Medical Services Firm Gets $30M

ConcertoHealth in Irvine raised $30 million from current investors in a round co-led by Arboretum Ventures in Ann Arbor, Mich., and Deerfield Management Company LP in New York.

By Michael de los Reyes November 1, 2016 4:29 p.m. share »
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Hoag Gets Stroke Center Nod

Newport Beach-based Hoag Memorial Hospital Presbyterian has been certified as a “Comprehensive Stroke Center” by Milford, Ohio-based DNV GL Healthcare USA Inc.

By Deirdre Newman October 31, 2016 1:05 p.m. share »
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OCTANe Adds Growth Group

OCTANe in Aliso Viejo formed a division it dubbed ‘Growth Services,’ to increase “resources, intelligence, capital and deal flow,” for the group’s members, partners, investors, entrepreneurs and accelerator alumni, Chief Executive Bill Carpou said.

By Deirdre Newman October 27, 2016 8:30 a.m. share »
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Allergan’s Saunders Adds Chairman Role

Allergan Plc President and Chief Executive Brent Saunders is now also Chairman of the drug maker’s board of directors, replacing Paul Bisaro.

By Paul Hughes October 26, 2016 2:41 p.m. share »
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Edwards Shares Fall on Sapien Sales

Shares of Edwards Lifesciences Corp. in Irvine fell 15% to about $96.50 a share and a $20 billion market cap on a lower-than-expected increase in its most recent quarter on international sales of its main product, the Sapien heart valves.

By Paul Hughes October 26, 2016 10:49 a.m. share »
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Cianna Medical Raises $4 Million

Aliso Viejo-based Cianna Medical Inc. has raised about $4.2 million in venture capital funding from 12 investors.

By Michael de los Reyes October 14, 2016 12:13 p.m. share »
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San Clemente Firm Raises $15 million

San Clemente-based VertiFlex Inc. has raised about $15.2 million from six investors.

By Michael de los Reyes October 14, 2016 10:07 a.m. share »
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Health Data Firm Adds $1.8M

Pinscriptive in San Juan Capistrano a software analytics company focused on specialty drugs announced today that it’s closed $1.78 million in seed funding since it started in March 2015, with $500,000 of that amount received in August.

By Deirdre Newman October 12, 2016 4:19 p.m. share »
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Placentia-Linda Hospital Names CEO

Placentia-Linda Hospital named Christina Oh chief executive to succeed outgoing Interim Chief Executive Chuck Orlando.

By Michael de los Reyes October 10, 2016 2:03 p.m. share »
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Wound Device Maker gets $5M

Harbor MedTech Inc. in Irvine raised $5 million in equity funding from three investors as part of an unfinished $8.5 million effort, a regulatory filing said.

By Paul Hughes October 7, 2016 12:38 p.m. share »
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ICU $1B Buy Creates ‘Pure Play’

ICU Medical Inc. in San Clemente said it would buy New York-based Pfizer Inc.’s infusion therapy division in a cash-and-stock deal valued at $1 billion.

By Paul Hughes October 6, 2016 10:11 a.m. share »
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REIT in $25M Buildings Buy

Griffin-American Healthcare REIT IV Inc. in Irvine bought two medical office buildings, one each in Michigan and Alabama, for a combined $25 million.

By Paul Hughes October 4, 2016 2:14 p.m. share »
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Nutrients Maker to Chicago PE Firm

Orange-based Merical Inc. has been acquired on undisclosed terms by private-equity firm Linden Capital Partners LLC in Chicago.

By Michael de los Reyes October 3, 2016 11:26 a.m. share »