Include Monitoring, More Access to Care on Demand
Digital health is the buzzword when it comes to the present and the future of care. Technologies, such as telemedicine, remote patient monitoring and patient engagement via smartphones, are designed to enable providers and patients to manage health and wellness more effectively and cost-efficiently.
If there’s one word to describe the nation’s healthcare industry it’s uncertainty. The new tax bill repealed the Affordable Care Act’s individual mandate provisions that required most Americans to purchase health insurance or face penalty, which could hurt hospital revenue with fewer people buying health plans. The bill also took away nonprofit hospitals’ ability to use advanced refunding to replace outstanding bonds with bonds at lower interest rates.
Hospitals Up Game To Better Coordinate Care
It was the worst of times and the worst timing. “The uptick in flu cases in mid-December spiked around Christmas and New Year’s Eve, around the holidays, a lot of traveling and socializing with family and friends,” said Dr. Wendy Coling, a Kaiser Permanente primary care physician in Orange County. She said it didn’t help that this year’s H3N2 influenza virus is a “more virulent flu strain.”
UCI to Fill Two Positions; Providence Taps New Head
High performers like UC Irvine Medical Center and Providence St. Joseph Health—its local network comprised of seven hospitals—experienced changes on the executive level in the year ended Sept. 30, the former in search of a new chief executive, the latter naming a regional head to oversee Los Angeles, Orange and San Bernardino counties.
EDUCATION: Science! and the ‘Chapman Experience’
Construction workers can be spotted through the large windows of Chapman University’s Keck Center for Science and Engineering—a milestone achieved in President Daniele Struppa’s first year in office.
REAL ESTATE: $17M asking price for ABM building
The owners of a recently renovated, fully leased creative-office project in Tustin are aiming for one of the largest per-square-foot sales prices for a building of its type in Orange County.
RETAIL: Not just PJ’s, now ‘bed to brunch’
P.J. Salvage hired Simon Cohen as president in November, the first shift in top management at the Irvine-based apparel manufacturer since Peter Burke bought it out of bankruptcy in 1997.
FINANCE: Ex-CEO heads new ‘mello’ unit
Veteran real estate executive Chris Heller says LD Holdings Inc. has the feeling of a startup.
Technology Gains Traction With Reimbursement Change
There are plenty of opportunities for software solutions in healthcare operations, ranging from medical-records management to analytics to compliance.
RESTAURANTS: Former Starbucks VP joins elevated vet
Taco Bell Corp.’s January shuffle in the top ranks was apparently a sign of things to come.
A crowd of about 600 gathered to honor Orange County executives at the Business Journal’s 11th annual CFO of the Year Awards on Thursday night.
CALL FOR ENTRIES: Website to take entries through March 16
Is your workplace great?
Irvine Public Schools Foundation hosted its fifth annual Top 100 Reception on Feb. 6 at The Resort at Pelican Hill in Newport Beach.
Solitary Work Connects Care, Corporate Concerns
They say there’s balance in nature.
Irvine-Based Company Grows With New Office
SpringboardAuto, an Irvine-based online direct lender that connects customers with auto lenders, has doubled its office size and now plans to double its employee count to 100 by the end of the year.
Ready to Roll Out Device, Says First Order in March
Given the particularly bad flu season (see related story, page 26), GermFalcon’s germ-killing device is well-timed. The device uses ultraviolet-C light, the kind used in hospitals, to disinfect airplane cabins.
Nondrug Therapy TMS Targets Depression
Mission Viejo-based MYnd Analytics Inc. (Nasdaq: MYND) is in the business of behavioral health.
Partners With BitAuto Holdings on Digital Projects
J.D. Power in Costa Mesa formed a partnership with China-based automotive website BitAuto Holdings Ltd. to “build the most efficient automotive big data center and artificial intelligence platforms serving China’s automotive industry.”
UDR Nears Finish Of $350M Luxe Rentals
Apartment owner and developer UDR Inc. is finding plenty of local assets to unload to pay for its $350 million project under way at the Pacific City mixed-use development in Huntington Beach.
CEO Says ‘Almost Like Back to the Future’
Kofax Inc. is back in the buying business under the more stable footing of Chicago-based private equity parent Thoma Bravo.
Sales and leases of offices, industrial buildings, retail space and apartments
Colton Family Trust sold an office building to YMCA of Orange County for $5 million, or $228 per square foot.
Other items of interest Orange County Business Journal Vol. 41, No. 8
Irvine’s Pacific Premier Bancorp agreed to acquire Grandpoint Capital Inc. in an all-stock deal valued at $641.2 million.
Olen Sells 40-Story Tower
Igor Olenicoff, Orange County’s third-wealthiest businessperson, should be a bit richer after the sale of his company’s most valuable office property—a skyscraper it owned in downtown Chicago.
REAL ESTATE: 1 of 2 Orange offices sold for $180M
Newport Beach-based KBS Realty Advisors, one of the country’s largest office owners, is poised to buy central Orange County’s biggest office tower in what would be its priciest local acquisition in over a decade.
TECHNOLOGY: Declares 2018 ‘Year of the Robot’
A 2013 acquisition laid the foundation for Kofax Inc.’s fastest-growing line of business as corporations seek to replace human workers with automated software in the digital age.
FINANCE: Analysis shows biggest entities in good shape
The 10 largest issuers of municipal debt that aren’t school districts owe a cumulative $9.84 billion, according to a Business Journal analysis.
Mortgage Broker Plans Offerings for a Lifetime
One old entrepreneur story has it that someone who knows nothing about an industry launches a venture, buys a fictitious-business name filing published in a favorite local business journal, and with some unsexy stuff in-between, is eventually visited by success, snagging a slew of small-business honors, buying a Revero, then doing it all over again. Alex Chen is doing it all wrong.
Selling Entrepreneurs On ‘Extreme Discount’
“I’d rather work a hundred hours for myself than 40 hours for someone else,” says Ryan Stack.
Patty. By now you know the tragic story of CDM High School student Patrick “Patty” Turner. Patty took his life on Saturday, Jan 27. The sophomore’s final exams started the following Monday.
RETAIL: Titan Industries doubles down on Mischka
Footwear licensee Titan Industries Inc. has lived up to its name for the past 20 years, attracting deals with apparel brands like Joe’s Jeans and Betsey Johnson while also helping celebrities Gwen Stefani and Zendaya launch footwear lines.
REAL ESTATE: Ground floor of office to get retail
The smallest of the four offices run by C.J. Segerstrom & Sons next to South Coast Plaza in Costa Mesa, the seven-story 3420 Bristol St., is getting a makeover designed to bring its appearance more in line with its high-rise brethren.
HEALTHCARE: New Aliso Viejo HQ; hiring 120
A primary care doctor is the first stop for a patient’s medical care, including chronic disease management.
REAL ESTATE: 218-home site buy as Lennar deal nears
Irvine-based CalAtlantic Group Inc.’s last big land deal as a stand-alone company could turn out to be a 14.5-acre site it just bought a few miles from its headquarters at the Tustin Legacy development.
Shock spread through the Long Beach community three weeks ago—even three-time Olympic gold medalist Misty May-Treanor, Golden State Warriors rookie Jordan Bell and Philadelphia Phillies shortstop J.P. Crawford expressed their surprise on Twitter.
SPORTS: Agency Athletes First, QB client just got busy
Justin Schulman’s phone hasn’t stopped ringing since his client pulled off one of the most stunning performances in Super Bowl history.