HCP to Exit Brookdale; Sabra Plans Some Quiet Time
Senior housing-focused real estate investment trusts are betting on the demands of an aging society—for more senior housing.
CHOC’s Smith Strives to Give Back
Sheniece Smith is a champion of causes. In addition to her full-time job as associate general counsel for Children’s Hospital of Orange County, she’s actively engaged in pro bono work.
Winner Develops Smart Asthma Technology
The Paul Merage School of Business at the University of California-Irvine brought 19 Israeli startup executives to Orange County to participate in its two-week U.S.-Israel Innovation Bridge Executive Leadership Program on medical devices last month.
New Investor’s Top Client Includes Facebook Founder
ChromaDex Corp. in Irvine will raise $23 million via the private placement on Nov. 17 of 5.6 million common shares at $4.10 apiece, which follows a $25 million investment led by Hong Kong billionaire Li Ka-Shing that concluded in August.
ICU Medical Inc. in San Clemente reported revenue of about $343 million in its most recent quarter, compared with about $97 million in the same period prior year.
Irvine-based ChromaDex Corp. reported $6.1 million in sales for its most recent quarter, up 55% year-over-year, and a net loss of $3.2 million, about 30% more than the same period last year.
Community Medical Center Long Beach, one of Fountain Valley-based MemorialCare Health System’s three hospitals in the area, will soon close due to not meeting earthquake building standards.
Irvine-based ChromaDex Corp. will sell more than 5.6 million shares of its common stock at a purchase price of $4.10 per share, or about $23 million.
Plans to Move Upmarket And Grow Reg’l Presence
OCTANe was created in 2002 to bring together resources, expertise and capital to help grow biomedical and information technology startups.
HEALTHCARE: Plans to partner to grow outpatient care
Irvine-based Hoag Orthopedic Institute, a unique for-profit joint venture comprised of two groups of orthopedic surgeons and a nonprofit hospital, is positioned for growth with a new chief executive at the helm.