Orange County Business Journal


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


Consolidation among insurance brokerages continues at a pace that had a recent Deloitte report identifying “serial acquisitions” as the “core driver of brokerage growth.” The Business Journal’s Jane Yu asked Orange County brokerage executives to share their thoughts about the consolidation trend. They discuss some key factors that are contributing to the mergers and acquisitions activity, such as low interest rates and increasingly complex regulations, as well as risks that come with the changes. Here are edited excerpts of their responses.

Insurance Brokers Continue Revenue Gains for 5th Year

Biggest Firms Combine For $570M, Up 13%

Orange County’s insurance brokers grew for the fifth straight year, notching a 13% increase in combined revenue last year.

Innovation Institute Adds Device Maker to Roster

HEALTHCARE: Collaboration to include Boston Scientific

The La Palma-based Innovation Institute LLC has landed another collaborator in its quest to foster the development of medical products and services intended to reduce costs and promote quality of care.

Healthy Innovation Record

Edwards Lifesciences Exec Helped Bring Breakthrough Valve to Market

Stanton Rowe’s nearly 40-year career in medical devices has been one of intersection and innovation. He has played a crucial role in the development of what’s considered one of the major advances in replacement heart valves.

Alliance Executives Talk Investors, Update Business

Note Owner Change With Chinese Firm Share Buy

Newport Beach-based Alliance HealthCare Services Inc. executives recently gave shareholders an overview of the recent change in majority ownership and several other matters.

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FDA Clears Allergan’s Juvéderm Filler for Lips

The U.S. Food and Drug Administration today approved Allergan PLC’s Juvéderm Ultra XC for lip augmentation in adults who are at least 21 years old.

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CHOC Wins Clinical Practice Grant

Children’s Hospital of Orange County will receive $17.7 million in a four-year grant from the Centers for Medicare & Medicaid Services.

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Sabra Spends $84M for Senior Housing

Irvine-based Sabra Health Care REIT Inc. said today it bought nine senior housing facilities in Illinois, Oregon and Washington in two deals totaling $84.7 million.

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Masimo Donates Equipment to Jordan

Irvine-based Masimo Corp. said today it will donate $5 million worth of its patient monitoring devices to Jordanian hospitals to assist them in providing healthcare to more than 1 million Syrian and Iraqi refugees.

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Disease Sensor Maker Gets $2.4M

Irvine-based PhageTech Inc. said it closed on $2.4 million in Series A financing to complete development and U.S. Food and Drug Administration approval for disease sensor technology and to commercialize a blood and urine test for bladder cancer.

6 Honored at Business Journal’s Innovation Awards

About 415 people celebrated innovation and the people who create it at the Business Journal’s inaugural Innovator of the Year awards last week at the Hotel Irvine.

GE Healthcare Veteran Joins Medical Device Maker

Brings ‘Deep Experience’ Of Leading Big Businesses

Irvine-based device maker Endologix Inc. recently appointed Vaseem Mahboob as its new chief financial officer.

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Court Rules Against Glaukos in Patent Case

Laguna Hills-based Glaukos Corp. said a court ruled against it on three pending summary judgment motions in a patent lawsuit with a competitor.

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Radiation Provider Gets Majority Owner

Newport Beach-based Alliance HealthCare Services Inc. said today that Chinese investor Fujian Thai Hot Investment Co. will buy 5.5 million shares of its stock for $102.5 million and become its majority shareholder.

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UCI to Get $19M NIH Grant

University of California-Irvine will get $19 million over four years from the National Institutes of Health to turn research results into medical products and services.