Sherry Hsieh

Staff Reporter

Email: hsieh@ocbj.com
Phone: 949-833-8373 Extension: 242

Recent Stories

Providence Head Talks Plans After Merger Dies

HEALTHCARE: Care close to patients, tech in the center

Were St. Louis, Mo.-based Ascension Healthcare and Renton, Wash.-based Providence St. Joseph Health to merge, the health systems would be the largest U.S. owner of hospitals, with 191 across 27 states and the District of Columbia between them—topping Nashville-based HCA Healthcare Inc., which has 177 hospitals in 20 states and the United Kingdom.

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$10M for CHOC Autism Center

Children’s Hospital of Orange County plans to open an autism center at 170 S. Main St. in Orange in early 2019.

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Jaksch to Exec Chairman; ChromaDex Names New CEO

ChromaDex Corp. (Nasdaq: CDXC) said Chief Executive Frank Jaksch will become executive chairman and the company’s current president and chief operating officer, Rob Fried, will get Jaksch's role June 22, after the company’s annual meeting.

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Diagnostics Lab Bulks Up With Buy

HEALTHCARE: Grows SoCal presence with M&A

Vantari Genetics Chief Executive Nick Arroyo said there are only two ways to grow the private company, organically through internal growth or through mergers and acquisitions.

OCTANe Forms Partnership to Attract Outside Cash

Will Tap Family Office Networks

Orange County technology and life science accelerator OCTANe has partnered with New York-based Small Cap Nation, a financial-media content distribution platform that develops news and information through video, social media, articles, broadcast and newsletters. It’s focused on the small-cap sector.

HCP Starts ’18 With Retooled Portfolio

REAL ESTATE: Disposition, more life science properties

HCP Inc.’s (NYSE: HCP) repositioning has been a bumpy one over the course of the past 18 months.

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MYnd Analytics Raises $2.1M to Expand Platform

Offers Telemedicine and Diagnostics Services

Mental health is a hot issue, particularly in light of the country’s declared opioid epidemic, and Mission Viejo-based MYnd Analytics Inc. (Nasdaq: MYND) appears to be on the right track with its diagnostics platform and telemedicine.

Flowspace Expands Footprint to Five New States

To Offer Short-Term Lease Flexibility

There’s no turning back from shopping online. E-commerce totaled $453 billion last year, representing 13% of total retail sales and up 16% year-over-year, according to a U.S. Commerce Department report.

Fix Manufacturing Turns Tools into Fashion Statement

“It’s How You Carry It,” The Company Advises

Tony Zentil spent 17 years managing Oakley’s accessories division—helping to grow the category from $15 million to $100 million.

Masimo Positioned to Grow Telehealth Technologies

Hires Planned For Home-Care Frontier

Revenue from Irvine-based Masimo Corp.’s noninvasive patient monitoring technologies grew last year by 15% to $798.1 million, and Chief Executive Joe Kiani said the company plans to grow its new telehealth initiative.

Cybersecurity Firm Nubeva Grows OC Operations

To Provide Blockchain-Based Cybersecurity Solution

Take away the hype around digital cryptocurrency—some claim it’s bogus, given that the virtual coins aren’t backed by anything but the value people give them—and what’s left is blockchain technology.

Cancer-Tester LAM Exits Stealth Mode

HEALTHCARE: Launched IvyGene; to expand Irvine HQ

Irvine-based Laboratory for Advanced Medicine Inc. isn’t pursuing a magic-bullet immunotherapy drug to cure all cancers yet, but it sure is in growth mode.

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Innovation Institute’s Incubator Delivers First Product

Partners With Apothecary For Full CVS Launch

Innovation Institute, founded five years ago as an incubator to commercialize internal medical innovation by doctors, nurses and other hospital care providers in its six health system-owners network, has done exactly that.

Inari Medical Gets $27M

Irvine-based Inari Medical Inc. received $27 million in a series C round to support commercialization.

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Axonics Secures $40M

Irvine-based Axonics Modulation Technologies received a $40.1 million financing comprised of $20.1 million in equity and a $20 million credit facility.

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Device Makers Ramp Up Patient Monitoring

Edwards Gets FDA OK; Masimo Centers on Remote

Irvine-based device maker Edwards Lifesciences Corp. (NYSE: EW), while best known as one of the pioneers in less-invasive transcatheter heart valves, also has a strong focus in critical-care patient monitoring.

Entrepreneurs at Event Share Lessons Learned

K5, Tech Coast Angels Panels Tackle Dos, Don’ts

K5 Ventures and Tech Coast Angels’ recent Face 2 Face event remained true to its organizers’ intention when they started it in 2015: “We wanted to provide an event covering something different and not done before,” said K5 founder and Managing Director Ray Chan.

Metagenics Rethinks Nutrition in Patient Care

HEALTHCARE: Focuses on practitioners; plans clinic by year-end

Metagenics Inc. Chief Executive Brent Eck says he believes the future of healthcare is moving toward lifestyle medicine and that the company, which makes medical foods and nutraceuticals, can play a bigger role in shaping personalized nutrition.

CHOC Mental Health Inpatient Center One of Few

Targets Mid-April to Receive First Patients

“Adults with mental health [disorders] don’t just [develop them] all of a sudden,” said Dr. Hoang “Wayne” Nguyen, medical director of Children’s Hospital of Orange County’s new mental health inpatient center, which is scheduled to open this week.

Fujifilm Buying Irvine Scientific

Fujifilm Holdings plans to buy a pair of cell culture media businesses owned by Japanese oil and metals conglomerate JXTG Holdings for about $800 million.

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Experts at Roundtable Discuss Reform’s Uncertainties

Changes Around Opioids Among Coming Shifts

"The less structure we have on the policy [side], the more uncertainty” around healthcare reform, said industry expert Paul Keckley at MemorialCare’s Health Care Economic Roundtable this month.

Home Care From Personal Experience

To Add Services: Babysitters, Housekeepers, Tutors

Julie Zimmerer started 24/7 Family Home Care and Veterans Services because she couldn’t find a caretaker for her father after his stroke.

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Mission Gets 8-Figure Gift for Cancer Center

HEALTHCARE: Longtime donors value local care

The four-story, 104,500-square-foot cancer center Mission Hospital’s Mission Viejo location is planning to open in 2019 just got a very large check. Judi and William “Bill” Leonard gave an eight-figure gift to name the facility.

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2017 Botox Sales Help Allergan Shares Rise

Can $3B Drug, Other Aesthetics Salve Restasis Pain?

The market has not been kind to Allergan PLC (NYSE: AGN) following the failure of its September deal in which the pharmaceutical company transferred all patents for dry-eye drug Restasis to the Saint Regis Mohawk Tribe in New York.

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Aerie Pharma Moves HQ To NC, Preps for First Sales

Irvine Office Stays; Was 12th-Biggest OC Pub. Co.

Aerie Pharmaceuticals Inc. has quietly shifted its headquarters from Irvine to North Carolina, removing a notable name from the list of Orange County-based public companies.

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PatientDirected.io to Apply Blockchain to Healthcare

NB Startup Raises Initial Coin Offering

While cryptocurrencies, the best known of the bitcoin type, remain controversial, the technology that enables the existence of them isn’t.

Providence St. Joe Gets New COO

Providence St. Joseph named Victor Jordan chief operating officer for Providence St. Joseph Health Southern California, effective March 26.

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Smart Cups Says to Ditch Those Bottles and Cans

3-D Printed Energy Drinks Available in Six Flavors

Smart Cups founder and Chief Executive Chris Kanik said he got the idea for his company on a taco Tuesday night out—“The waitress wasn’t getting my margarita fast enough, and I thought, ‘What if I can pour some powder and make my own drink?’”

Disruptive Tech High on Healthcare Forecast Agenda

HEALTHCARE: Patient- centered, physician led

To say healthcare is changing is passé, particularly given that California is further ahead than most other states when it comes to implementing healthcare reform.

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Device Maker Has Plans to Go Directly to Patients

Family-Owned Co. Gets Over-Counter FDA OK

Electronic Waveform Lab Inc. makes electrical stimulation devices designed to noninvasively treat pain and help with rehabilitation without drugs.

AcuFocus Sells Kamra Technology

Seattle-based SightLife Surgical Inc. will buy the Kamra inlay from AcuFocus Inc. in Irvine on undisclosed terms in a deal expected to close this month.

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MemorialCare Closes Hospital

Long Beach Medical Center filed a 120-day lease termination notice on behalf of Community Medical Center Long Beach.

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Dental Service Provider Rides Trend With Mobile Care

Pop-Up Models Also Reach Out at Companies

On-site and near-site care play a role in the value-based conversation as employers, health plans and providers search for ways to reduce healthcare costs. More companies are offering on-site clinics with more comprehensive primary care services—approxi- mately 45% of all employers offer some sort of on-site clinic, according to the National Association of Worksite Health Centers.

Innovation Institute Scales as Incubator/Investor

HEALTHCARE: Broadens fund strategy with LRV, real estate

Hospitals are tasked with making care more accessible, efficient and affordable. One way to do that is through health tech.

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Health Rewards App Carepoynt to Close $1M Seed Round

Platform’s Members Get ‘Poynts’ for Healthy Buys

The Affordable Care Act put new emphasis on preventing chronic conditions, which account for more than 80% of U.S. healthcare costs, according to the Centers for Disease Control and Prevention. Prioritization is one thing, implementation and patient compliance is another.

Cove Fund on UCI Campus Closes Second Fund

Raised $12M; Fund Not Limited to UCI Tech

The Cove Fund recently closed its second fund at over $12 million.

The Believer

Apria CFO Preaches Big Data; Employee Growth; Hard Work

Apria Healthcare Executive Vice President and Chief Financial Officer Debby Morris describes herself as partner to the chief executive, going beyond a chief financial officer’s typical role to develop strategy and key initiatives and driving growth and profitability.

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Digital Patient Communication Platform Gets Partner

MeU Care Adds PatientPoint Connect

Healthcare providers are increasingly incorporating technologies to provide better care at lower cost.

Work Not Done

Ambry’s Martinson Gravitated to Biotech, Life Sciences Clients

Genetic diagnostics company Ambry Genetics Corp. concluded the year with a large corporate change, completing its up to $1 billion sale to Japanese printer maker Konica Minolta Inc.

Nemus Raises $1.75M

Nemus Bioscience Inc. (OTCQB: NMUS) received a $1.75 million private placement from majority shareholder Emerald Health Sciences Inc. and other investors.

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Health Software Co. Tagnos Lands $5M Series A

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.

Sanitization Firm GermFalcon Wins NASA Contest

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.

Top Care Providers Experience Exec-Level Change

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.

MYnd Analytics Expands Technology Scope

Nondrug Therapy TMS Targets Depression

Mission Viejo-based MYnd Analytics Inc. (Nasdaq: MYND) is in the business of behavioral health.

Digital Tools Grow as Patient-Engagement Evolves

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.

Q&A

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.

Flu Patient Volume Uptick During Holiday Season

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.”

Online Lender SpringboardAuto to Double Headcount

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.

Avid Expects $20M from Secondary Offering

Tustin-based Avid Bioservices Inc. yesterday priced a public offering of 9 million shares of common stock at $2.25 apiece, and expects more than $20 million in gross proceeds after the offering closes next week.

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Avid Sells Oncology Drug

Avid Bioservices Inc. in Tustin will sell its clinical-stage immunotherapy cancer drug candidate to Oncologie Inc. for $8 million upfront—with payments spread over six months—and up to $95 million in development, regulatory and commercialization milestones.

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