Orange County Business Journal

HEALTHCARE

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

Medtronic Valve Gets FDA OK for Use in Procedure

Product For Patients With High, Extreme Risks

Medtronic CoreValve, a less-invasive heart valve that has Orange County roots, recently received the green light from the Food and Drug Administration for use in what’s known as “valve-in-valve” procedures for treating people whose surgical aortic valves have failed.

Quality Systems Buys Into Big Data

Irvine-based healthcare software maker Quality Systems Inc. continued its diversification effort with the recent acquisition of a “big data” specialist.

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UC Irvine Health Opens Tustin Specialty Center

The healthcare enterprise of the University of California-Irvine said today that it opened a new specialty healthcare center in Tustin.

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HB Insurance Brokerage Acquired

Madison Risk & Insurance Services in Huntington Beach has been acquired by Itasca, Ill.-based Arthur J. Gallagher & Co. on undisclosed terms.

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Allergan Laying Off 577 in Irvine

Allergan Inc., now a business unit of drugmaker Actavis PLC, will lay off 577 workers in Irvine, according to a state filing.

Broad Range for UCI’s Push on Innovation

EDUCATION: Blueberries to microchips, toothpaste

The $5 million in seed funding that Newport Beach-based Beall Family Foundation provided for the University of California-Irvine’s new Institute for Innovation is bearing commercial fruit.

Pac Life Offers ‘Swell’ Idea for Younger Investors

FINANCE: ‘Cause-themed’ portfolios include big givers

Pacific Life Insurance Co. has rolled out a research subsidiary that’s targeting younger people with the prospect of adding an element of social consciousness to their portfolios.

ReShape Gets Pass on FDA Panel for Obesity Device

HEALTHCARE: Could get final approval for market in June

A San Clemente-based medical device maker cleared a big regulatory hurdle and landed on a faster track to commercialization.

CareTrust REIT Adds Nursing Home

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

Griffin-American Inks $353M Worth of Deals in Q1

Adds 18 Properties Spread Over 11 States

Irvine-based real estate investor Griffin-American Healthcare REIT had a busy first quarter, with $353.7 million worth of acquisitions encompassing 18 healthcare properties in 11 states.

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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.