Orange County Business Journal

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Allergan to Cut 1,500 Jobs

Allergan Inc. said it will cut about 1,500 jobs over the remainder of this year as part of a restructuring plan to save about $475 million next year.

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Brea Natural Foods Supplier Acquired

Brea-based natural food products distributor Nature’s Best has agreed to be acquired by KeHE Distributors LLC in Naperville, Ill.

Irvine Firm Seeks Business Virtue in Catholic Practice

LAW: Recent combination aims for national client roster

Tim Busch and Michael Caspino have a clear growth plan in mind for their newly formed law partnership: make it the go-to firm for cases involving Roman Catholic entities nationwide.

Swiss Conglomerate Shifts Units to Irvine

A Swiss manufacturer has expanded its North American industrial piping systems division in a move from Tustin to Irvine.

Ackman Must Beat Clock to Best Pyott

HEALTHCARE: Allergan defenses run deep; CEO not targeted in board ouster

Time, it seems, is on Allergan Inc.’s side. That much started to come clear last week when activist investor Bill Ackman set off a ticking clock in the background of his hostile takeover bid for the Irvine-based drug maker.

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OC Adds Jobs, Unemployment Rate Ticks Up

The unemployment rate in Orange County rose to 5.2% even as the county added 6,700 jobs in June.

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Ensign Group Gets Four L.A. Facilities

Mission Viejo-based nursing home operator Ensign Group Inc. has agreed to acquire four care facilities in Los Angeles County from Keiro Senior HealthCare on undisclosed terms.

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Fewer VC Dollars, More OC Deals in Q2

Venture capital funding for Orange County companies dipped by 3% in the second quarter while the number of financing rounds increased.

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Beckman Coulter Acquires Siemens Unit

Brea-based laboratory instruments maker Beckman Coulter Inc. has agreed to acquire the microbiology unit of German conglomerate Siemens AG.

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CoreLogic to Close Charlotte Office

Irvine-based CoreLogic Inc. said it’s closing its Charlotte, N.C. office, cutting 46 jobs.

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Allergan Dismisses Ackman’s Move

Allergan Inc. rebuffed Bill Ackman’s latest attempt to push the Irvine-based drug maker to reconsider the value of Valeant Pharmaceuticals International Inc.’s takeover bid.

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NB Surgery Center Operator Gets $14M

Newport Beach-based surgery center operator Starpoint Health Inc. has received $14 million in a credit facility for recapitalization from Monroe Capital LLC in Chicago.

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NB Surgery Center Operator Gets $14M

Newport Beach-based surgery center operator Starpoint Health Inc. has received $14 million in a credit facility for recapitalization from Monroe Capital LLC in Chicago.

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$4.8M for Diabetes Management Startup

Laguna Hills-based Metronom Health Inc. has raised $4.8 million in seed funding, according to a filing with the Securities and Exchange Commission.

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FV Hospital Gets New COO, Local Hospitals on ‘Best’ List

Fountain Valley Regional Hospital & Medical Center has appointed Edward Littlejohn its new chief operating officer.

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3 New Execs for Santa Ana Healthcare Firm

Santa Ana-based managed-care provider Health Essentials LLC has tapped several new executives as it plans to participate in Cal MediConnect, a new initiative that aims to promote healthcare services to seniors and patients with disabilities.

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3 New Execs for Santa Ana Healthcare Firm

Santa Ana-based managed-care provider Health Essentials LLC has tapped several new executives as it plans to participate in Cal MediConnect, a new initiative that aims to promote healthcare services to seniors and patients with disabilities.

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$4.8M for Diabetes Management Startup

Laguna Hills-based Metronom Health Inc. has raised $4.8 million in seed funding, according to a filing with the Securities and Exchange Commission.

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Allergan Rebuffs Valeant's Latest Move

Valeant Pharmaceuticals International Inc. has filed a pre-merger notification with the U.S. Federal Trade Commission in its pursuit of Irvine-based Allergan Inc.

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Midday Stock Roundup

The S&P 500 was up 0.56% to 1,978.64 in midday trading Monday.

Allergan to Shareholders: Leave Board in Place

Valeant Pharmaceuticals International Inc. has filed a pre-merger notification with the U.S. Federal Trade Commission in its pursuit of Irvine-based Allergan Inc.

ClearLight Sells Juice Maker for $150M

Newport Beach-based private equity firm ClearLight Partners LLC sold portfolio company Apple & Eve LLC to Canadian food manufacturer Lassonde Industries Inc. for about $150 million.

Accounting Firms Tally Up 4% in OC Staff Increases

Gains Represent Third Year of Local Staff Jumps

Orange County’s top accounting firms combined to grow their local offices by 4%, continuing a run of employment gains for the third straight year.

Management Consultants Grow OC Workforces 25%

Regulatory Changes, Plus Acquisition Fuel Increase

Orange County’s top management consulting firms grew their local offices by 25% over the past year, the highest rate since a recovery in hiring began in 2011.

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NB Real Estate Research Firm Sells Majority Stake

Newport Beach-based commercial real estate research firm Green Street Advisors Inc. has sold a majority stake to Golden Gate Capital, a private equity firm in San Francisco.

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Newport Media Sold for $140M

Lake Forest-based Newport Media Inc. has been acquired by San Jose-based chipmaker Atmel Corp. for $140 million in cash.

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ClearLight Sells Portfolio Company for $150M

Newport Beach-based private equity firm ClearLight Partners LLC has sold its portfolio company Apple & Eve LLC to Canadian food manufacturer Lassonde Industries Inc. for about $150 million.

Dental Products Maker Buys in Oxnard

Orange-based dental products maker Kerr Corp. acquired a pair of business units in Oxnard in an effort to expand its portfolio of dental products and to venture into the animal healthcare market.

Women’s Work: Revenue Growth, New Hires

Female-Owned Businesses Top $3B, 26,000 Jobs

Orange County’s biggest women-owned businesses combined to grow revenue by 7% last year, notching a fourth-straight year of top-line gains for a total of $3.1 billion.

Meritus to Be Bought for $210 Million

Santa Ana-based Meritus Payment Solutions agreed to be acquired for $210 million by Optimal Payments PLC, an online payment services provider with headquarters in London.

How Zee Sees It

Allred’s Career Brings Business, Family, Community Together

Name a challenge that could faze a businesswoman.

CSUF Survey Shows Trim on Q3 Outlook

ECONOMY: Quarterly index shows slight dip on mixed sentiments

Orange County business executives are feeling less optimistic about the local economy heading into the third quarter, according to the latest quarterly index of business sentiments published by the Mihaylo College of Business and Economics at California State University-Fullerton.

Investment Bank in Three Funding Deals

Newport Beach-based investment bank Digital Offering LLC helped raise more than $10 million for its first batch of clients, including two with headquarters in Orange County.

Electromagnetic Filter Maker in SA Acquired

Santa Ana-based Filter Concepts Inc. has been acquired by Astrodyne Corp. on undisclosed terms.

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$210M for Santa Ana Payment Processing Company

Santa Ana-based Meritus Payment Solutions has agreed to be acquired for $210 million by Optimal Payments PLC, an online payment services provider with headquarters in London.

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Danaher Subsidiary Buys Two Business Lines

Orange-based dental products maker Kerr Corp. has acquired a couple of business units in Oxnard in a bid to expand its portfolio of dental products and to venture into the animal healthcare market.

NB Investment Bank in Three Funding Rounds for SoCal Startups

Newport Beach-based investment bank Digital Offering LLC has helped raise about $11 million for its first batch of clients, including two with headquarters in Orange County.

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NB Investment Bank in $11M Rounds for SoCal Startups

Newport Beach-based investment bank Digital Offering LLC has helped raise about $11 million for its first batch of clients, including two with headquarters in Orange County.

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Ubiquity Buys Online Platform for Musicians

Irvine-based media company Ubiquity Broadcasting Corp. has paid $2.25 million worth of stock for the assets of Monkeybars Inc., an online distribution and content-sharing platform for musicians.

Rant Media Raises $4M in Stock Offering

Online sports and lifestyle content publisher Rant Media Network Inc. raised $4 million in a private offering of its common stock.

Santa Ana Healthcare Services Firm Sold

Capario, a Santa Ana-based healthcare technology services company, was sold for $115 million to Emdeon Inc. in Nashville, Tenn.

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Ubiquity Buys Online Platform for Musicians

Irvine-based media company Ubiquity Broadcasting Corp. has paid $2.25 million worth of stock for the assets of Monkeybars Inc., an online distribution and content-sharing platform for musicians.

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Hyundai Capital Partners With FICO

Irvine-based captive automobile finance company Hyundai Capital America has partnered with Fair Isaac Corp., better known as FICO, in a move to provide free credit scores to customers.

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Reports: Paulson & Co. Buys Allergan Shares, Backs Valeant Offer

Hedge fund Paulson & Co. has acquired more than 6 million shares of Irvine-based drug maker Allergan Inc.’s common stock and expressed support for Valeant Pharmaceuticals International Inc.’s hostile bid for the company, according to recent reports.

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SJC Tech Incubator Partners with GE to Grow Startups

Frost Data Capital, a San Juan Capistrano-based venture capital firm and incubator that focuses on “big data,” has partnered with GE to launch an incubator to foster technology startups.

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Opus Launches Small-Business Division

Irvine-based Opus Bank has launched a small-business banking division.

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Irvine Digital Publisher Raises $4M

Online sports and lifestyle content publisher Rant Media Network Inc. has raised $4 million in a private offering of its common stock.

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Irvine Digital Publisher Raises $4M

Online sports and lifestyle content publisher Rant Media Network Inc. has raised $4 million in a private offering of its common stock.

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Santa Ana Healthcare IT Company Fetches $115M

Capario, a Santa Ana-based healthcare technology services company, has been to sold for $115 million to Emdeon Inc. in Nashville, Tenn.

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Allergan to Shareholders: Reject Valeant’s Latest Bid

Allergan Inc. has urged its shareholders to reject the latest advance from hostile suitor Valeant Pharmaceuticals International Inc.