Saddleback Memorial Medical Center, with campuses in Laguna Hills and San Clemente, placed among the top 50 hospitals in America, according to review organization Healthgrades Operating Co. Inc.
Allergan Inc. Chief Executive David Pyott is in line for a severance payment of $100 million as a result of Actavis PLC’s pending buy of the Irvine-based drug maker, according to a federal filing.
HEALTHCARE: Reform key context for research, report
How is the 5-year-old joint venture between nonprofit Hoag Memorial Hospital Presbyterian and a pair of doctors’ groups going?
HEALTHCARE: Continued role seen for group
Nonprofit hospital affiliations and network creation in the wake of federal healthcare reform have dominated Orange County’s hospital headlines in recent months.
Adoption of Electronic Medical Records Prompts Diversification at Software Maker
Quality Systems Inc. has gone from darling to diversification, and the shift in gears looks to be giving the Irvine-based medical software maker and its shares a shot in the arm.
HEALTHCARE: Name better known than buyer in $71B deal
Actavis PLC’s recent decision to take on the name and ticker symbol of Allergan Inc. after it completes its $70 billion acquisition of the Irvine-based drugmaker next month brought plaudits from the local business community, where the move was hailed as a worthy acknowledgment and good business sense.
HCP Says Nursing Home Operator Cooperating
Executives at Irvine-based HCP Inc. are standing behind their largest tenant, which is being investigated by the Department of Justice and several other federal agencies.
Lawrence Armstrong, a San Clemente resident and chief executive of Irvine-based architecture and planning firm Ware Malcomb, said today that his firm will donate $250,000 worth of design and planning services to keep the current Saddleback Memorial Medical Center San Clemente campus open.
Irvine-based St. Joseph Health said today that longtime Chief Executive Deborah Proctor will retire from her post at the end of 2015.
San Clemente-based device maker ReShape Medical Inc. raised $6.75 million in debt financing, according to a Securities and Exchange Commission filing.
Irvine patient monitor maker Masimo Corp. reported financial results after markets closed Tuesday that surpassed Wall Street expectations.
Irvine-based drugmaker AtheroNova Inc.’s shares fell sharply Friday after it disclosed that it experienced “an event of default” on a $427,500 loan that triggered defaults on three others.
HEALTHCARE: $22M for blindness prevention medicine
San Juan Capistrano-based startup Allegro Ophthalmic LLC is aiming to take on a major cause of blindness and has an enriched war chest to do it with.
Irvine-based drugmaker AtheroNova Inc.’s shares fell sharply today after it disclosed that it experienced “an event of default” on a $427,500 loan that triggered defaults on three others.
Actavis PLC will cut more jobs just over the county line in Corona, as it awaits the finalization of its buy of Irvine-based Allergan Inc., according to a state filing.
Irvine-based Edwards Lifesciences Corp. said today that it made a pair of changes to its board of directors.
Mission Viejo-based Ensign Group Inc. today reported an adjusted profit that matched Wall Street’s expectations.
28 on List Have Second Down Year in a Row
Pretax profits dropped steeply at Orange County’s largest hospitals during the past year.
Healthcare is more often being delivered outside of traditional hospital walls, a trend that has been driven to some degree by the Affordable Care Act, as well as by technological improvements. Orange County hospitals are no stranger to the shift. The Business Journal’s Vita Reed talked to several hospital executives to discuss outpatient offerings and their purposes. Edited excerpts of their answers follow.
Law Requires the Hospitals To Assume Social Obligation
More than a few of Orange County’s prominent hospital operators deliver something in addition to their standard healthcare: “community benefits.”
Credits Bigger Post-Reform Medicaid Enrollee Numbers
Tenet Healthcare Corp. (see story, page TK), which owns three Orange County hospitals, should get a bump this year from increased Medicaid enrollment fueled by healthcare reform, according to one analyst.
Irvine-based Allergan Inc. Wednesday reported mixed fourth-quarter financial results.
AAC Holdings Inc., a publicly traded operator of inpatient substance abuse treatment centers, is buying a hospital with a license for 84 beds in Aliso Viejo for $13.5 million, according to a news release.
HEALTHCARE: Likely to oversee all of ‘medical enterprise’
The search for a new chief executive for UC Irvine Medical Center will likely take awhile as another key job gets reconfigured.
San Clemente-based USGI Medical Inc. raised more than $19.5 million from equity and debt investors.
Valeant CEO Talks To Financial Times
Valeant Pharmaceuticals International Inc.’s chief executive is speaking out on his company’s unsuccessful seven-month pursuit of Irvine-based drugmaker Allergan Inc.
Aliso Viejo-based Crossover Health Inc. said it received $15 million in equity financing.
San Clemente-based USGI Medical Inc. has raised more than $19.5 million from equity and debt investors.
Irvine-based Allergan Inc. has set a March 10 special meeting to get shareholder approval of its acquisition by Actavis PLC in a cash-and-stock deal currently valued at about $70 billion.
HEALTHCARE: Latest FDA trial, manufacturing set to start here
What could be the most advanced attempt to bring stem cell treatments to the market could start any day now in Orange County.
Industry Leaders Monitor Debate Over Hated Levy
A new Congress is in session, and one of its first actions took up a top goal of the medical device industry in Orange County and elsewhere: the repeal of a federal tax on companies’ revenues.
Institute Hosts Event On Helping Efforts Succeed
The La Palma-based Innovation Institute, a provider of business services and products and investment management services to health systems, is taking a broad role in championing its cause.
Orange County’s healthcare sector marks the beginning of a new era in 2015—one that no longer features Allergan Inc. as a locally based company.
Lake Forest-based Apria Healthcare Group Inc. is up for sale, according to an industry website.
HEALTHCARE: 2nd edition of concept at Jamboree Center
St. Joseph Hoag Health has laid another building block for the integrated regional care delivery it is establishing in Orange County.
Ontario-based Prime Health Services said it donated La Palma Intercommunity Hospital to the Prime Healthcare Foundation.
UC Irvine Medical Center Chief Executive Terry Belmont said he plans to retire from his post on June 30.
U. of Oregon Partnership Helps Teach Engineers
Irvine-based Edwards Lifesciences Corp., maker of replacement heart valves and other cardiovascular devices, is working with the Oregon Health & Science University in Portland, Ore., on a technical training program.
An early look at Actavis PLC’s plans to integrate its $68 billion acquisition of Allergan Inc. signals that operations executives from the Irvine-based drugmaker will maintain a strong presence in the combined company.
Ontario-based Prime Health Services said today that it donated La Palma Intercommunity Hospital to the Prime Healthcare Foundation.
UC Irvine Medical Center Chief Executive Terry Belmont said today that plans to retire from the post on June 30.
San Juan Capistrano-based Allegro Opthalmics LLC said today that it raised $20 million from South Hanmi Pharmaceutical in South Korea.
Newport Beach-based CureDuchenne Ventures LLC said today that it invested $1 million in Capricor Therapeutics Inc. to fund research for treating heart disease associated with Duchenne muscular dystrophy.
HEALTHCARE: 3-building center expected to open in 2016
Put Irvine and Hoag down as a good match.
Mission Viejo-based Ensign Group Inc. has bought several skilled nursing, home healthcare and hospice operations.
$68B Deal Puts Allergan Boss in First Position
David Pyott expected 2014 to be a year of hunting for deals.
HEALTHCARE: Gets option to buy Menlo Park-based startup
Irvine-based Edwards Lifesciences Corp. has dipped its toe into the investment waters of the medical device business.
Leerink: High-Growth Markets to Get More Cash
High-growth medical technology markets, such as transcatheter heart valves—a bellwether product for Irvine-based Edwards Lifesciences Corp. (see story, page 3)—will continue to draw increasing levels of investor attention this year, according to a recent report by Boston-based investment bank Leerink Partners.
Mission Viejo-based Auxilio Inc., a managed print services company focused on the healthcare industry, said it has signed a five-year, $18 million contract with the largest operating region of what it called “a top 10 U.S. health system.”
Uses Annual Meeting To Talk Up Coming Debuts
Quality Systems Inc. is dipping into the world of cloud computing and recently shared some of its new products at its annual users’ group meeting.