Orange County Business Journal

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St. Joseph Health to Run Home Health Franchises

Irvine-based St. Joseph Health bought 26 Nurse Next Door franchises with an option to buy 12 more.

Ambry Genetics Adds Test Lab in Aliso Viejo

Genetic testing provider Ambry Genetics Corp. will open a new, 65,000-square-foot laboratory across the street from its Aliso Viejo headquarters this month.

Drugmaker’s New CEO Sets No. 1 Drug Category Goal

HEALTHCARE: Aims to lead in central nervous system drugs

Aliso Viejo-based Avanir Pharmaceuticals Inc.’s newly appointed chief executive has what he calls a “very simplistic” vision for the drugmaker.

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Edwards Beats on Q4; Ups Guidance

Irvine-based Edwards Lifesciences Corp. beat analyst expectations on quarterly revenue and profit and boosted full-year expectations in a report issued after markets closed Tuesday.

Medical Device Component Maker Set to Exit OC

MANUFACTURING: Irvine, Anaheim operations to close

Balda C. Brewer Inc. USA, a maker of plastic molds used in medical devices and other products, is closing a plant in Irvine this month and cutting 193 jobs.

Allergan Drug Patent Dispute Resolved With Dismissal

Drugmaker, Hedge Fund Sign Stipulation Order

A patent fight between a hedge fund and Allergan PLC, whose eye and cosmetic medicine hub is in Irvine, has ended after nearly a year.

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FDA Approves Avanir Migraine Drug

Aliso Viejo-based Avanir Pharmaceuticals Inc. said today that the Food and Drug Administration approved its Onzetra Xsail drug for treating adults’ acute migraine headache.

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Quality Systems Reports Results, Names CTO

Irvine-based Quality Systems Inc. reported financial results that missed Wall Street expectations for the three months ended Dec. 31.

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CHOC Expanding Neonatal Unit

Children’s Hospital of Orange County will expand its neonatal intensive care unit.

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St. Joseph Heritage Health Names New Chief Executive

Irvine-based St. Joseph Health said today that Kevin Manemann is the new chief executive of its St. Joseph Heritage Healthcare physician practice management organization.

Activists Urge St. Joseph-Providence Combo Scrutiny

Fear Possible Faith-Based Access Restrictions

Some advocacy groups are urging regulators not to waive a merger review of Irvine-based St. Joseph Health and Renton, Wash.-based Providence Health and Services’ proposed mega-affiliation.

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Federoff Permanent UCI Health CEO

University of California-Irvine today named Dr. Howard Federoff chief executive of UC Irvine Health.

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Device Maker Gets $38 Million

Irvine-based Axonics Modulation Technologies Inc. raised $38.5 million in Series B financing.

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Avanir Names New Chief

Avanir Pharmaceuticals Inc., an Aliso Viejo-based drugmaker, said today that Rohan Palekar is its new chief executive.

Edwards Pursues Bigger Heart Market

Year of Deals Enhances Position to Gain More Overseas Business

Edwards Lifesciences Corp. wants to move its popular less-invasive replacement heart valves into a wider range of heart disease treatment after further padding its portfolio of mitral heart valves last month with the latest in a string of deals.

Stem Cell Specialist Cuts Trial, Trims in Irvine

HEALTHCARE: shift in resources to N.J. subsidiary

Caladrius Biosciences Inc. has cut 40 jobs in Irvine and ended a clinical trial of its lead drug candidate.

Sabra Hikes Credit Line, Gets Fitch Ratings Affirmed

Rater Shares Caution On Links to Dallas Hospitals

Irvine-based Sabra Health Care REIT Inc. recently said it will boost its borrowing capacity.

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Device Maker Raises $27M

San Clemente-based VertiFlex Inc. has raised $26.8 million out of a proposed $45.7 million in funding, according to a Securities and Exchange Commission filing.

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Strathspey Crown Buys Nevada Firm’s Assets

Newport Beach-based Strathspey Crown Holdings LLC bought the portfolio companies of Incline Village, Nevada-based Novus Via LP on undisclosed terms.

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Strathspey Crown Buys Nevada Firm’s Assets

Newport Beach-based Strathspey Crown Holdings LLC bought the portfolio companies of Incline Village, Nevada-based Novus Via LP on undisclosed terms.

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Mission Hospital CEO to Depart

Kenneth McFarland, chief executive of Mission Hospital, said today that he will leave to pursue other opportunities. McFarland’s departure is effective Feb. 5.

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Device Maker Ellipse in $410M Sale

Aliso Viejo-based medical device maker Ellipse Technologies Inc. will be sold to San Diego-based NuVasive Inc. in a deal worth up to $410 million.

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Care Facility Operator Names President

Irvine-based healthcare facilities operator Silverado named Shamim Wu president and chief operating officer, a new position.

2016 Preview: HEALTHCARE

Hospital affiliations, after being overshadowed by large deals involving Allergan Inc., which was based in Irvine, are poised to come back as a major activity to watch as 2016 begins.

Irvine’s Reputation Draws German Valve Maker

HEALTHCARE: JenaValve joins heart valve cluster here

Irvine’s reputation as a center for makers of transcatheter replacement heart valves has attracted a German company.

2015 YEAR IN REVIEW: Healthcare

We selected Mussallem—chief executive of Irvine-based Edwards Lifesciences Corp. and a dean of the OC device sector—as the person to watch for 2015 for a variety of reasons, including the heart valve maker’s ascension to become the largest publicly traded healthcare company based here.

Griffin-American Purchase Builds in Growth Potential

REIT Completes Buy, Enters Senior Care Sector

Irvine-based Griffin-American Healthcare REIT III Inc. has completed its $1.1 billion buy of privately held Trilogy Health Investors LLC in Louisville, Ky.

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Alphaeon Names Two Board Members

Irvine-based Alphaeon Corp. has named former New Mexico governor Bill Richardson and James Xiaodong Liu, chief executive of Hong Kong-based Sailing Capital Management to its board of directors.

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Alphaeon Names Two Board Members

Irvine-based Alphaeon Corp. has named former New Mexico governor Bill Richardson and James Xiaodong Liu, chief executive of Hong Kong-based Sailing Capital Management to its board of directors.

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Ex-Allergan President Tapped by DC Drug Developer

Chase Pharmaceuticals Corp. said that it has appointed Douglas Ingram, a former president of Allergan Inc., which was based in Irvine, as its chief executive.

Allergan Boss: Role for Irvine After Mega Deal

HEALTHCARE: Key to Pfizer’s plan to carve out ‘innovative’ lines

Irvine appears set to remain a hub for a core part of Pfizer PLC after it acquires Allergan PLC in an expected $155 billion deal that would create the world’s largest drugmaker, with more than $60 billion in sales.

Affiliation Commands Attention

Proposed Deal With Providence on Front Burner at St. Joseph

Jim Watson’s work on a pair of complex affiliations for his employer has caught the eyes of his peers in Orange County’s legal community.

Masimo, China Customer Settle Over Patents, Devices

Companies Also Agree Not to Sue Each Other

Irvine-based Masimo Corp. stopped in its tracks a potential patent battle with one of its original equipment manufacturing customers.

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St. Joseph Health Signs Agreement with Providence

Irvine-based St. Joseph Health said today it signed a definitive agreement with Renton, Wash.-based Providence Health and Services.

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St. Joseph Health Signs Agreement with Providence

Irvine-based St. Joseph Health said today it signed a definitive agreement with Renton, Wash.-based Providence Health and Services.

Alphaeon Pays $59M for Device Maker

HEALTHCARE: Adds software firm on undisclosed terms

Alphaeon Corp. keeps on making deals.

OCTANe Plans Continued Support of LaunchPad Businesses

Will Expand Initiative To Connect Ideas, Investors

Panel discussions and business plan competitions weren’t the only agenda items on deck at the Medical Device & Investor Forum held this month by Aliso Viejo-based group OCTANe.

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ICU Medical Shutters Slovakia Plant

San Clemente-based ICU Medical Inc. will close its manufacturing plant in Vrable, Slovakia, and cut 265 jobs, according to a Securities and Exchange Commission filing.

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Alphaeon to Buy Laser Maker

Irvine-based Alphaeon Corp. said today that it would buy Lensar Inc. for up to $59 million.

Saunders Touts Innovation Amid Allergan-Pfizer Chatter

HEALTHCARE: Also talks up leadership on aesthetics

Brent Saunders, chief executive and architect of the “new” Allergan PLC, stayed on the go during a visit to Orange County earlier this month.

ICU Medical Looks to Increase Lucrative OEM Work

Manufacture of Parts For Others ‘Outperformed’

Making parts for other manufacturers is paying off for San Clemente-based ICU Medical Inc.

Irvine Front and Center for Allergan R&D

HEALTHCARE: Kybella seen as next ‘pipeline in a product’ for drugmaker

Allergan PLC’s operations in Irvine appear poised to remain front and center in the drugmaker’s research and development endeavors.

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Judge: Valeant, Ackman Must Face Insider Suit on Allergan

U.S. District Court Judge David Carter of Santa Ana has declined a request from Valeant Pharmaceuticals International Inc., led by Chief Executive Mike Pearson, and activist investor Bill Ackman to dismiss a lawsuit accusing them of insider trading in shares of Allergan Inc.

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Bloomberg: Pfizer, Allergan See Saunders as CEO

Drug makers Allergan PLC and Pfizer Inc. are eyeing a plan to make current Allergan Chief Executive Brent Saunders head of a combined company if they reach a takeover deal, Bloomberg Business reported today, citing unnamed sources.

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Quality Systems Names Chairman

Irvine-based Quality Systems Inc. named Jeffrey Margolis its new chairman.

Clearance for 1 Masimo Device, Good News on 2nd

Oximeter OK’d, EMMA, SET Studies Presented

Masimo Corp., an Irvine-based maker of patient monitors, finished out October on a fast pace.

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Quality Systems Names Margolis Chairman

Irvine-based Quality Systems Inc. said today that Jeffrey Margolis is its new chairman.

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ICU Medical Beats Street

San Clemente-based ICU Medical Inc. today reported an adjusted third-quarter profit that beat analysts’ forecasts.

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Masimo Surpasses Expectations

Irvine-based Masimo Corp. today reported third-quarter results that exceeded Wall Street expectations.

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ChromaDex in Proctor & Gamble Deal

Irvine-based ChromaDex Corp. said today it signed a joint development deal with Cincinnati-based conglomerate Proctor & Gamble Co.

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