HEALTHCARE: BK filing follows several loan defaults
Irvine-based AtheroNova Inc. is searching for a buyer willing to extend the cash-strapped startup’s existence as it reviews early data on its effort to develop drugs to fight atherosclerosis, or hardening of the arteries.
HEALTHCARE: New boss says search ‘unfolding’
Dr. Howard Federoff will soon take up some heavy lifting in his new job as the University of California-Irvine’s top healthcare executive.
Frees System to Invest In ‘Strategic Initiatives’
Fountain Valley-based MemorialCare Health System’s solid debt ratings were affirmed this month by New York City-based Fitch Ratings Inc.
Newport Beach-based Pacific Life Insurance Co. said today that Douglas Ingram, former president of Allergan Inc., has been elected to its board, effective May 1.
San Clemente-based medical device maker ReShape Medical Inc. has raised $2 million, according to a Securities and Exchange Commission filing.
David Pyott will remain chair of the Allergan Foundation, according to Actavis PLC, the Ireland-based drug maker that recently wrapped up its $72.5 billion buy of Irvine-based Allergan Inc.
Actavis PLC said today that it completed its acquisition of Irvine-based drugmaker Allergan Inc., currently valued at about $72.5 billion.
Irvine-based Edwards Lifesciences Corp.’s shares rose today on positive results from several studies of less-invasive heart valves.
HEALTHCARE: Consumer twist on medical device; ESPN spot
Irvine-based medical device maker Masimo Corp. will look to win a place in the world of big-time athletics as part of a marketing effort anchored by its sponsorship of the BNP Paribas Open tennis tournament in Indian Wells, which runs through this week.
HEALTHCARE: Still no word on job additions, cutbacks here
The “new” Allergan Inc. is set to move its medical dermatology business to Irvine as part of its specialty pharmaceutical base in the wake of Actavis PLC’s $70 billion-plus buy of the Botox maker.
New CEO Says ‘Critical Changes’ Position it Well
Irvine-based Biolase Inc.’s chief executive said he expects what he refers to as the laser device maker’s “transformation” to continue this year.
Irvine-based Kareo Inc. said today that it bought San Francisco-based DoctorBase Inc. for an undisclosed amount.
A majority of Irvine-based Allergan Inc.’s shareholders voted this morning to accept a takeover bid currently valued at $70.7 billion from Actavis PLC.
HEALTHCARE: Device maker in Aliso Viejo has raised $77M
A well-funded eye device startup in Aliso Viejo is making regulatory progress in its quest to bring a new product to treat glaucoma to the U.S. market.
HEALTHCARE: ‘Integrated’ services to keep patients in OC
Hoag Memorial Hospital Presbyterian is boosting its heart care offerings with an eye toward keeping patients in Orange County.
$10.1 Billion for Salix Pharmaceuticals in N.C.
A drugmaker linked to Irvine-based Allergan Inc. during its successful fight against an unsolicited takeover bid last year is set to be acquired by the same suitor: Valeant Pharmaceuticals International Inc. in Canada.
Irvine-based Biolase Inc.'s reported fourth-quarter and 2014 financial results this week that closed out a year of management shake-ups and difficulties that its chief executive said are behind the company.
Irvine-based AtheroNova Inc. and a subsidiary have filed for bankruptcy protection.
HEALTHCARE: Switch from respiratory to blood pressure aid
Rox Medical Inc. has shifted its business model as it seeks to lower the pressure—and possibly lure a buyer.
HEALTHCARE: CEO guided system into Hoag partnership
Veteran Orange County healthcare executive Deborah Proctor’s imprint will be felt by her successor.
Two Versions of Tecnis To Restore Vision
Santa Ana-based Abbott Medical Optics continues to forge ahead with new products.
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.