Orange County Business Journal

HEALTHCARE

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

Strathspey Crown Pegs Pensions As Next Offering to Doctors

HEALTHCARE: Irvine parent taps banking vets for NY office

Newport Beach-based private equity fund Strathspey Crown Holdings LLC is keeping its focus on healthcare even as it plans to get into the financial management arena through a new subsidiary.

St. Joseph Hoag, Cigna Offer Health Plans

Irvine-based St. Joseph Hoag Health said that in January it will introduce health plans developed with insurer Cigna Corp.

ICU Medical Acquires NJ Device Maker

San Clemente-based ICU Medical Inc. said it’s buying Excelsior Medical Corp. in Neptune, N.J. for $59.5 million.

Boston Scientific Likes Innovation Institute Number

Device Maker’s Head Says It Likes Multiple Partners

The Innovation Institute LLC’s “multiple constituents” were a major factor in Boston Scientific Corp.’s move to be its inaugural medical technology partner, according to a company executive.

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St. Joseph Hoag, Cigna to Offer Plans

Irvine-based St. Joseph Hoag Health said today that in January it will introduce new health plans developed with insurer Cigna Corp.

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Pyott Gives $6.5M to Alma Mater

David Pyott, retired chief executive of Allergan, has donated 4.3 million pounds, or $6.5 million, to the London Business School.

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ICU Medical Buys N.J. Company

San Clemente-based ICU Medical Inc. said today that it was buying Excelsior Medical Corp. in Neptune, N.J. for $59.5 million.

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Allergan, Humana Teaming Up on Research

Allergan PLC, whose eye drug hub is located in Irvine, said today that it will collaborate with Louisville, Ky.-based insurer Humana Inc. on research that will include glaucoma and other eye diseases.

Q&A

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.