Orange County Business Journal

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Alphaeon CEO Steps Down

Robert Grant is no longer the chief executive of Irvine-based Alphaeon Corp., a lifestyle healthcare company he founded three years ago.

Details of Pending Abbott-St. Jude Merger Unclear

HEALTHCARE: Combo to make both more competitive

It’s not yet clear how Abbott Laboratories’ pending $25 billion buy of St. Jude Medical Inc. will impact the latter’s Orange County operations.

Device Maker Plans Summer Intro of Weight-Loss Aid

Transplant Startup from Ariz. Sees Breath Tool as Innovator

A startup company that recently relocated to Aliso Viejo is aiming to introduce breath analysis as a tool for weight management.

Pyott Slated to Return to Spotlight at Eye Conference

Will Be Interviewed By Another Company Veteran

David Pyott, retired chief executive and chairman of Allergan Inc., now Allergan PLC, will be the headliner next month at the annual Ophthalmology Technology Summit put on by OCTANe, an Aliso Viejo-based booster group for life sciences and other forms of technology.

Dallas Biotech to Costa Mesa

Dallas-based Cerebain Biotech Corp. has moved its corporate headquarters from Dallas to Costa Mesa.

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Mission Hospital Names CAO

Mission Hospital today named Michael Beck chief administrative officer, a new position, for its Laguna Beach campus.

Seeing Pink

Breast Cancer Nonprofit Head Values Its Business Connections

Lisa Wolter credits passion and a variety of other factors for her long-running career in the nonprofit sector that’s been sewn “with the thread of women’s health.”

Teva Edges Closer to Allergan Generic Deal Wrap

To Bring Estimated $34B, Windfall Could Fuel Deals

Dublin-based Allergan PLC, which has a Botox, medical aesthetics, dermatology and ophthalmology hub in Irvine, is getting close to divesting its generic drug portfolio to Israel-based Teva Pharmaceutical Industries Ltd.

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Allergan Realigns Businesses

Allergan PLC has reorganized its business segments as it prepares to divest its generic drug unit.

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HCP Spinning Off Skilled Nursing, Assisted Living

Irvine-based HCP Inc. will spin off its HCR ManorCare skilled nursing and assisted living businesses into a separate, publicly traded real estate investment trust.

Providence-St. Joseph Combo Verdict Soon

HEALTHCARE: Joint control, women’s services part of deal

California Attorney General Kamala Harris will decide by June 13 whether Irvine-based St. Joseph Health will be allowed to affiliate with Providence Health and Services.

Edwards CFO Talks Manufacturing Capacity Boost

‘Aggressive Action’ To Leverage Momentum

Irvine-based Edwards Lifesciences Corp. is gearing up to boost its transcatheter replacement heart valve manufacturing capacity, according to its chief financial officer.

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Argyros Family Gives $7M for Hoag Nursing Program

Hoag Memorial Hospital Presbyterian today received a $7 million gift from Orange County philanthropists George and Julia Argyros to support its nursing program.

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Masimo Beats Q1 Estimates

Irvine-based patient monitor maker Masimo Corp. today reported first-quarter results that outpaced Wall Street forecasts.

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Glaukos Guides Higher, Shares Up

Shares of Laguna Hills-based Glaukos Corp. rose today on first-quarter results that beat expectations.

Drug Distributor Reorganizes in Face of Cash Crunch

HEALTHCARE: New exec, overhead cuts for Praxsyn

Irvine-based drug distributor Praxsyn Corp. is reorganizing its operations as it copes with what it calls “a substantial working capital deficit.”

Quality Systems to Trim 6% of Its Jobs

Irvine-based Quality Systems Inc. will cut 150 jobs, or about 6% of its U.S. workforce, as part of an operational realignment.

Sabra Outlines Planned Auction of Fort Worth Tenant

Aims to Use Proceeds To Pay on Revolving Credit

Irvine-based Sabra Health Care REIT Inc. continues its march toward the denouement of its long-running challenge with a major tenant.

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Quality Systems Cutting Jobs, Restructuring

Irvine-based Quality Systems Inc. will cut 150 jobs, or about 6% of its U.S. workforce, as part of an operational realignment.

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Edwards Beats Estimates

Irvine-based Edwards Lifesciences Corp. today reported better-than-expected first-quarter profit and revenue.

UC-Irvine Health, Corona Hospital Strengthen Ties

Pact Now Includes High- Risk Pregnancy Consults

UC Irvine Health recently stepped up its partnership with Corona Regional Medical Center, a midsized hospital just across the Riverside County line, by opening a high-risk pregnancy clinic.

Firm Prepares FDA Bid for Portable Dialysis Device

HEALTHCARE: EasyDial boosts work force in ramp-up

EasyDial Inc., a maker of kidney dialysis devices, has boosted its employment base in anticipation of a Food and Drug Administration approval and a move to Irvine from Laguna Hills.

Edwards Test Results Could Give it Some Separation

Valves as Good or Better Than Surgery on Some

Edwards Lifesciences Corp. is getting approving nods in the wake of positive clinical trial results for its Edwards Sapien transcatheter heart valves on a sizable patient population.

Auxilio Boss Discusses Diversification and Contracts

Print Provider Grows IT Security Business, More

Mission Viejo-based Auxilio Inc. is combining diversification plays and growth in its core as a managed print services company focused on the healthcare industry.

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Checks Mailed in St. Joe Settlement

Plaintiffs in a recently settled class-action data breach lawsuit against Irvine-based St. Joseph Health have started to receive their payouts.

Allergan Looks To New Opportunities

HEALTHCARE: Focuses on own buys after Pfizer deal falters

Allergan PLC is back in the hunt for deals in its seven core therapeutic areas, including ones that could complement products developed at its Irvine hub for Botox, medical aesthetics, dermatology and ophthalmology.

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Allergan Still on Hunt for Deals

Allergan PLC Chief Executive Brent Saunders said today that the drug maker will continue to seek “growth pharma” deals—including possible acquisitions that would complement its Irvine hub for Botox, ophthalmology and medical aesthetics—after the termination of its $160 billion mega-deal with Pfizer Inc.

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Edwards Surges on Valve Trial

Irvine-based Edwards Lifesciences Corp.’s shares shot up today after it reported positive results on a pair of less-invasive replacement heart valve clinical trials.

Plans Filed for NB Convalescent, Congregate Facility

HEALTHCARE: 128 units would replace existing eatery

CenterPointe Senior Living LLC has filed plans with Newport Beach city officials to build a 109,633-square-foot, 128-unit convalescent and congregate care facility that it hopes to open roughly two years from now.

Glaucoma Device Gets Japan Approval

The Japanese Ministry of Health, Labor and Welfare approved a glaucoma device made by Laguna Hills-based Glaukos Corp.

Ambry Genetics Founder Resigns After Diagnosis

Will Chair Board, Serve As President; COO Now CEO

Aliso Viejo-based Ambry Genetics Corp. said late last month that its founder and chief executive, Charles Dunlop, would assume the roles of board chairman and president.

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Japan Regulators Clear Glaukos Stent

The Japanese Ministry of Health, Labor and Welfare has approved a glaucoma device made by Laguna Hills-based Glaukos Corp.

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Mazzo Asks Judge for Stay in Case

Longtime Orange County medical device executive James V. Mazzo has asked a judge for a stay in his federal insider trading case, according to court papers.

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China Investor Wraps up Alliance Deal

Newport Beach-based Alliance HealthCare Services Inc. said today that Fujian Thai Hot Investment Co. completed its purchase of a majority stake in the medical imaging company.

Hospital Operator Cuts Nearly 200 Jobs

Fountain Valley-based MemorialCare Health System will cut 194 jobs as part of its planned closure of the San Clemente location of its Saddleback Memorial Medical Center, according to a state filing.

Healthcare Vet Brings Once-Shelved Device to Market

HEALTHCARE: Incontinence prevention product sold online

Longtime OC medical device executive Thomas Berryman is back in business with a new company and device to battle female stress urinary incontinence.

Insurance Unit Signs Deal With Drug Store Chain

Members Can Get Rx At Walgreens or By Mail

A unit of Minnesota health insurance giant UnitedHealth Group Inc. with an office in Irvine has struck a long-anticipated “preferred partnership” with a major drugstore chain.

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MemorialCare to Cut 194 Jobs in SC

Fountain Valley-based MemorialCare Health System will be cutting 194 jobs as part of its planned closure of the San Clemente location of its Saddleback Memorial Medical Center, according to a state filing.

He Felt Your Pain

Proove Helps Docs Manage Patients’ Discomfort

Brian Meshkin sought a way to help doctors make better decisions in the specialty of pain management, acting on the desire in 2009 when he created Irvine-based Proove Biosciences Inc.

Two OC Components Makers Join Forces

San Clemente-based rubber products maker IRP Group Holdings recently agreed to combine with Garden Grove-based ProPlas Technologies on undisclosed terms.

Device Maker Focal Raises $3.8 Million

Aliso Viejo-based Focal Therapeutics Inc. raised about $3.8 million in venture capital, according to a Securities and Exchange Commission filing.

Senate Committee Passes Pack of Device Reform Bills

Designed to Speed FDA OK for Certain Treatments

A cause dear to the hearts of medical device makers in Orange County and elsewhere—regulatory reform—is moving along in the U.S. Senate.

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Edwards Adds Director

Irvine-based Edwards Lifesciences Corp. appointed Steven Loranger to its board of directors.

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Aliso Viejo Device Maker Gets $3.8M

Aliso Viejo-based Focal Therapeutics Inc. has raised about $3.8 million in venture capital, according to a Securities and Exchange Commission filing.

Life Sciences Logistics Specialist Grows Into New Irvine HQ

HEALTHCARE: Cyroport more than doubles space, eyes 2nd shift

Cryoport Inc.’s recent move to Irvine from Lake Forest is “coming together very nicely” on the heels of a growth spurt, according to its chief executive.

Regulators Grant New Edwards Sapien XT Clearance

Can Now Be Used For A Different Procedure

Irvine-based Edwards Lifesciences Corp.’s Sapien XT replacement transcatheter heart valve gained another approval this month.

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Mission Hospital Names New COO

Mission Hospital said today that Tarek Salaway is its new chief operating officer.

CHOC Eyes More Collaboration With Counterpart in SD

HEALTHCARE: Pediatric specialists consider move into managing care

Children’s Hospital of Orange County and Rady Children’s Hospital in San Diego are contemplating pursuing a state license that could make them eligible to more closely manage healthcare delivery for nearly 500,000 children in the region.

REIT Looks to Resolution of Texas Center Problems

Tenant Default Puts Facilities on Block

Irvine-based healthcare real estate investor and owner Sabra Healthcare REIT Inc. is moving toward the end of a long-running challenge with one of its major tenants.

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MemorialCare Closing SC Site

Fountain Valley-based MemorialCare Health System said today that it will close its Saddleback Memorial Medical Center’s San Clemente campus on May 31.

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