Orange County Business Journal

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FDA Clears Allergan’s Juvéderm Filler for Lips

The U.S. Food and Drug Administration today approved Allergan PLC’s Juvéderm Ultra XC for lip augmentation in adults who are at least 21 years old.

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CHOC Wins Clinical Practice Grant

Children’s Hospital of Orange County will receive $17.7 million in a four-year grant from the Centers for Medicare & Medicaid Services.

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Sabra Spends $84M for Senior Housing

Irvine-based Sabra Health Care REIT Inc. said today it bought nine senior housing facilities in Illinois, Oregon and Washington in two deals totaling $84.7 million.

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Masimo Donates Equipment to Jordan

Irvine-based Masimo Corp. said today it will donate $5 million worth of its patient monitoring devices to Jordanian hospitals to assist them in providing healthcare to more than 1 million Syrian and Iraqi refugees.

GE Healthcare Veteran Joins Medical Device Maker

Brings ‘Deep Experience’ Of Leading Big Businesses

Irvine-based device maker Endologix Inc. recently appointed Vaseem Mahboob as its new chief financial officer.

Rehab Specialist Lands Top Spot

Solid Landings No. 1 Among Largest Companies

Costa Mesa-based Solid Landings Behavioral Health Inc. is riding a wave of increased coverage prompted by healthcare reform to big revenue growth.

Griffin-American Teams Up for Buy

HEALTHCARE: In line for 70% stake in $1.1 billion deal

Irvine-based Griffin-American Health Care REIT III Inc. is getting into the senior healthcare operating business.

Chinese Buyer for Radiology Provider

Alliance HealthCare Services Inc. in Newport Beach said last week that Fujian Thai Hot Investment Co. will buy 5.5 million shares of its stock for $102.5 million and become its majority shareholder.

Allergan Licenses Rights of Erectile Dysfunction Cream

Includes $1M Upfront, $1.5M Milestone Payments

Allergan PLC, whose eye drug and Botox hubs are located in Irvine, is stepping away from an erectile dysfunction cream that’s under development.

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Radiation Provider Gets Majority Owner

Newport Beach-based Alliance HealthCare Services Inc. said today that Chinese investor Fujian Thai Hot Investment Co. will buy 5.5 million shares of its stock for $102.5 million and become its majority shareholder.

Trend Toward Healthcare IPOs Spotlights OC Candidates

Any Number Could Follow Glaukos’ Path

Orange County has its share of private medical device and drug companies that could eventually become initial public offering candidates within the next couple of years.

Medical Device Makers Bump Up Local Jobs By 2%

35 Biggest Employed 16,629, Up By 316

The largest medical device makers based in Orange County or with large operations here held serve on the jobs front over the past 12 months.

Drugmakers Combine for 10% Reduction in Local Jobs

Allergan, Which Cut The Most, Still No. 1 On List

Orange County’s top 10 drugmakers lost jobs during the past 12 months, primarily because of the acquisition and reorganization of longtime market leader Allergan PLC, previously Allergan Inc.

Niche Clinic Operator Moves Headquarters to OC

HEALTHCARE: 128 jobs shift here from Chicago area

Concerto Healthcare Inc., a healthcare provider catering to senior citizens, has moved its corporate headquarters to Irvine from Schaumburg, Ill.

Masimo to Add Wellness Center Via St. Joseph Hoag

Latest Hoag Partnership Opened Last Month at HQ

Irvine-based patient monitor maker Masimo Corp. is the latest company to get on the St. Joseph Hoag Health wellness wagon.

Hoag’s Bold Goal: $500 Million or More by 2020

HEALTHCARE: Signals growing role of philanthropy for providers

Newport Beach-based Hoag Memorial Hospital Presbyterian will soon take the official wraps off a philanthropy campaign with a working goal of raising at least $500 million by 2020.

FCD Presents Allergan Finale

Packed Room at Pacific Club Gets Cautionary Tale

Consider the Allergan takeover drama finally done, now that the cautionary tale has been told.

Hoag Eyes Tustin Legacy for Next Health Center

HEALTHCARE: Would house offices, outpatient services

Newport Beach-based Hoag Memorial Hospital Presbyterian is planning a three-story medical center with 60,000 square feet at a mixed-use development in Tustin—the latest in a recently developed concept that pushes the delivery of healthcare beyond its traditional inpatient settings.

Edwards Closes CardiAQ Buy, Competition Grows

Bought Device Maker in Irvine for $400 Million

Irvine-based Edwards Lifesciences Corp. is known for its replacement aortic heart valves but has been busy on the mitral front.

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Allergan in $300M Deal for Aliso Viejo Eye Device Maker

Allergan PLC, which has its eye drug hub in Irvine, said today that it is buying Aliso Viejo-based AqueSys Inc. for $300 million up front, with the potential for milestone payments.

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CareTrust Buys Florida Facility

San Clemente-based CareTrust REIT Inc. said today that it spent $5.4 million to buy a secured memory care and assisted living facility in Pensacola, Fla.

Device Maker Gets $38M in New Round

San Clemente-based ReShape Medical Inc. received a $38 million round of financing.

Quality Systems CEO Reflects on Early Days on Job

Frantz Settles In, Focuses On Clients, Employees

Quality Systems Inc. Chief Executive Rusty Frantz is starting to “settle into my new role here” after replacing longtime leader Steven Plochocki in July.

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MemorialCare and Aetna Collaborating on Network

Fountain Valley-based MemorialCare Health System said today it is collaborating with West Hartford, Conn.-based Aetna Inc. on a new accountable care network.

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ReShape Gets $38M in Financing

San Clemente-based ReShape Medical Inc. said today it received a $38 million round of financing.

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St. Joseph Hoag, Masimo Plan Wellness Center

St. Joseph Hoag Health and Masimo Corp., both based in Irvine, said today that they plan to open a wellness center.

Innovation Institute Reaches Beyond Healthcare

Deloitte, Dell Sign On to La Palma-Based Consortium

The La Palma-based Innovation Institute LLC continues to rack up partners in its second year of existence.

Another Downgrade for Smile Brands

Irvine-based Smile Brands Group Inc. was hit with its second credit rating downgrade in the past nine months.

Bilt, Private Equity Backers in New Dental Enterprise

Smile Brands Cofounder, Former CFO Eye Buys

Veteran OC dental business services executive Steven Bilt has resurfaced with a new company.

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UC Irvine Geriatric Health Unit Receives $2.5M

UC Irvine Health, the medical enterprise of the University of California-Irvine, said its division of geriatric medicine and gerontology received a three-year, $2.5 million grant from the U.S. Department of Health and Human Services.

Healthcare-Related REIT Doubles Borrowing Capacity

Unsecured Line Gives It $500 Million Potential

San Clemente-based CareTrust REIT Inc. is loading up on credit as it tries to maintain growth.

Device Maker Preps for Premarket Study With New Cash

HEALTHCARE: TherOx laid low since recession-era setbacks

TherOx Inc., an Irvine-based medical device maker, has re-emerged in the public eye with an eight-figure funding round and is preparing to work on eventual regulatory approval of its lead product.

St. Joseph Combo Short on Details

Providence Deal Would Put Pair Under New Firm

St. Joseph Health’s stated desire to improve healthcare delivery in its operating communities is leading it to create a large entity spanning most of the West Coast and over into Texas.

Kareo to Push Product Development With $55M

Irvine-based Kareo Inc. has its sights set on big growth driven by sales to small medical practices.

Ex-US Rep. Named to Firm’s Board

Chris Cox, a former member of the U.S. House of Representatives and chairman of the Securities and Exchange Commission, is a new board member at Pasadena-based Calhoun Vision Inc.

Newly Approved ReShape Device Gets Local Provider

Maker Says Device Fills Gap Between Diet, Surgery

San Clemente-based ReShape Medical Inc., upon receiving regulatory approval and introducing its device for nonsurgical weight loss, wasted no time in finding a local provider for it.

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JenaValve Nabs $26.5M Financing

Irvine-based startup device maker JenaValve Technology Inc. said today it completed a $26.5 million found of financing.

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UCI Physician Receives $3.1M Grant

UC Irvine Health, the medical enterprise of the University of California-Irvine, said today that Dr. Shaista Malik received a five-year, $3.1 million grant from the National Institutes for Health’s National Heart, Lung and Blood Institute.

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Masimo Q2 Beats Projections

Irvine-based patient monitor maker Masimo Corp. today topped Wall Street forecasts with its second-quarter financial results.

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Cox Named to Pasadena Eye Device Maker’s Board

Chris Cox, a former member of the U.S. House of Representatives and chairman of the U.S. Securities and Exchange Commission, is a new board member at Pasadena-based Calhoun Vision Inc.

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Ensign Buys in Wisconsin

Mission Viejo-based Ensign Group Inc. said today that it bought 15 assisted living facilities in the suburbs of Milwaukee and other areas in Wisconsin.

Allergan Sell-Off of Generics Line Adds Weight to Irvine

HEALTHCARE: Drugs for eyes, aesthetics will be more of core

Allergan PLC will “double down on brands” in the wake of a deal to sell off its generic lines—a move that pushes the drugmaker’s Irvine operation further into the spotlight.

New Director at UCI’s Susan Samueli Center

The Susan Samueli Center for Integrative Medicine, part of UC Irvine Health, named Dr. Shaista Malik its director last week.

Medical Software Maker Gets $55.4M

Irvine-based Kareo Inc. said it received a $55.4 million investment.

Health Ed Facilities Provider Aims for IPO

Irvine-based Axis Research and Technologies Inc. recently filed to sell $20 million worth of stock in an initial public offering.

Octane Tackles Aesthetic Medicine, Dermatology

Upcoming Conference To Focus on Trends, Tech

Orange County healthcare execs are gathering in Newport Beach next month to talk trends and technologies in aesthetic medicine and dermatology at a conference presented by Aliso Viejo-based booster group Octane.

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Lombard In Aneurysm Device Buy

Irvine-based Lombard Medical Inc. said today it bought startup Altura Medical Inc. in a deal that could be worth more than $50 million, depending upon milestones.

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Edwards Director Steps Down

Irvine-based Edwards Lifesciences Corp. said today that Robert Ingram has retired from its board of directors.

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Edwards Beats on Profit, EPS Down in Q2

Irvine-based Edwards Lifesciences Corp. reported financial results today that exceeded analysts’ forecasts in some areas though earnings per share declined.

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Kareo Raises $55 Million

Irvine-based Kareo Inc. said today that it has received a $55.4 million investment.


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