Orange County Business Journal

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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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Irvine Med-Ed Firm Sets $20M IPO

Irvine-based Axis Research and Technologies Inc. today filed papers with the Securities and Exchange Commission seeking to sell $20 million worth of stock in an initial public offering.

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Allergan in $40B Generics Deal

Allergan PLC said today that it will sell its generic drug business for $40.5 billion in cash and stock to Teva Pharmaceutical Industries Ltd.

Edwards Buys to Build New Class of Heart Valves

HEALTHCARE: Sees big potential in fellow Irvine-based device maker

Edwards Lifesciences Corp. is taking a familiar path to build up its less-invasive heart valve product offerings.

Feds Keep 500 Jobs in Laguna Niguel

Reston, Va.-based International Technology Solutions Inc. will cut 500 jobs in Laguna Niguel by July 31 due to the pending loss of a contract with the federal government, according to a state filing.

Execs Say Irvine Medtronic Neurovascular Unit Good Fit

HEALTHCARE: Comes as stroke guidelines add device

Life under a new corporate owner has been good for what’s soon to be known as Medtronic Neurovascular in Irvine, its top official says.

Health Incubator Secures New Investor

The Innovation Institute in La Palma, founded with an investment from Irvine-based St. Joseph Health, said the Franciscan Missionaries of Our Lady Health System has become its fourth member and investor.

Griffin-American Goes on 8-State Spending Spree in Q2

Puts Up $311 Million For 18 Senior, Medical Buys

Irvine-based real estate investment trust Griffin-American Healthcare REIT III Inc. recently said it spent $311.3 million on 18 properties in the three months ended June 30.

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Louisiana Hospital System Takes Innovation Institute Stake

The Innovation Institute in La Palma, founded with an investment from Irvine-based St. Joseph Health, said today that the Franciscan Missionaries of Our Lady Health System has become its fourth member and investor.

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Local Hospitals Make List

UC Irvine Medical Center and several other Orange County hospitals made the list of the “best hospitals” in California compiled by U.S. News & World Report.

Western Digital to Get Wellness Center

St. Joseph Hoag Health will open a wellness center at the Irvine headquarters of storage products maker Western Digital Corp. this month.

Kaiser, Anaheim Rescue Join in Project

Kaiser Permanente is working with Anaheim Fire & Rescue and other businesses and government agencies on a pilot program to provide emergency medical services.

Allergan Brass Talk Up Recent Deals, Road Ahead

Discuss Buys, Cite Benefits From Combos

Allergan PLC has been building up its Irvine-focused business lines through deals and is sharing its thoughts on the company with Wall Street.

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St. Joseph Hoag Opening Health Wellness Center at Western Digital

St. Joseph Hoag Health said today that it would open a wellness center in the Irvine headquarters of storage products maker Western Digital Corp. this month.

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Kaiser in Anaheim Pilot Project

Kaiser Permanente is working with Anaheim Fire & Rescue and other businesses and government agencies on a pilot program to provide emergency medical services.

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Edwards to Buy Crosstown Valve Maker

Irvine-based Edwards Lifesciences Corp. is buying privately held CardiAQ Valve Technologies Inc. for $350 million in cash and up to $50 million in regulatory milestone payments.

Stem Cell Treatment Developer Shifts From People to Animals

HEALTHCARE: Sees quicker path to market with furry subjects

A Santa Ana-based stem cell company is changing its therapeutic direction from man to man’s best friend.

Allergan Deals Add Emphasis to Irvine Operations

HEALTHCARE: Minimum of $350M for buys in eye business

Allergan PLC Chief Executive Brent Saunders is living up to his word when it comes to the company’s Irvine operations.

Ensign Buys in California, Arizona, Washington State

10-Piece Purchase Brings Total to 161 Facilities

Ensign Group Inc. is boosting its presence in several states.

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Allergan Makes Migraine Deal With Merck

Allergan PLC said today that it is acquiring the rights to a migraine drug development program from Merck & Co. for an upfront payment of $250 million plus milestone payments and tiered royalties.

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Allergan Buys Dry Eye Company

Allergan PLC, whose eye drug hub is in Irvine, said today that it will buy Oculeve Inc. for $125 million plus milestone payments.

$12.4 Million Round for Inari Medical

HEALTHCARE: Plans product improvements, clinical studies

Irvine-based startup device maker Inari Medical Inc. has raised $12.4 million in a second round of venture capital funding.

Masimo Gets European Approval of Portable Oximeter

MightySat Rx Device Unavailable in US

Masimo Corp. ended June on a regulatory roll.

Analysts Praise Sapien 3, Predict Continued Dominance

Low-Risk Patients Next Prize for Heart Valve Maker

Irvine-based Edwards Lifesciences Corp. “ought to pull away again” from its competitors in the transcatheter heart valve market, according to a recent report published on the Seeking Alpha investor website.

Irvine Device Maker Has Designs on Growth

HEALTHCARE: Study, new device build optimism

Irvine-based Breathe Technologies Inc. is looking to get a boost from new clinical study results and a device that’s scheduled to be introduced this year.

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Cianna Medical Raises $4M

Aliso Viejo-based Cianna Medical Inc. has raised $4 million, according to a U.S. Securities and Exchange Commission filing.

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Stem Cell Company Opens New SA Facility

PrimeGen Biotech LLC, a stem cell company, has moved from Irvine to a new facility in Santa Ana.

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Sabra Spends $234M for Nursing Homes

Irvine-based Sabra Health Care REIT Inc. said today that it bought four nursing homes in Maryland for $234 million.

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Hyundai Giving Final $2M Installment of Cancer Grant to CHOC

Fountain Valley-based Hyundai Motor America and its nonprofit, Hope on Wheels, will present a final $2 million installment of a $10 million research grant to Children’s Hospital of Orange County on Thursday.

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MemorialCare Names New Long Beach Boss

Fountain Valley-based MemorialCare Health System said today that John Bishop is the new chief executive of its Long Beach Memorial, Miller Children’s & Women’s Hospital Long Beach and Community Hospital Long Beach.

Allergan Boss Gives Emphasis to Irvine

HEALTHCARE: Expects to split time between N.J., OC

Irvine will continue to play a critical role in the newly named Allergan plc as plans call for the drugmaker’s campus on Dupont Drive to remain the home of its biggest business lines.

Glaukos Sets IPO, Eyes Up to $77M

HEALTHCARE: Market cap could range upward of $445M

Orange County’s crop of privately held, venture-backed medical device companies is poised to graduate one of its best-funded members into the ranks of public companies.

Maker of Tiny Devices Goes Big With New Base

HEALTHCARE: MicroVention also plans hires to beef up R&D

Small devices are adding up to big growth for MicroVention Inc.

OC Congresswoman Joins Health Tax Repeal Efforts

Walters Against Reform Levy on Health Insurers

A freshman member of Orange County’s delegation in Congress has attached herself to a campaign to repeal another federal tax related to healthcare reform.

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KPC Health Names Richards CEO of Health Operations

KPC Health, a unit of the Riverside-based KPC Group, said today that it named Suzanne Richards chief executive of healthcare operations.

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FDA Clears Edwards Sapien 3 Valve

The Food and Drug Administration Wednesday approved Irvine-based Edwards Lifesciences Corp.’s Sapien 3 less-invasive heart valve.

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Glaukos Sets IPO Terms

Laguna Hills-based device maker Glaukos Corp. has officially opened its upcoming initial public offering, according to a federal filing.

Denti-Cal Concerns Cited in Job Cuts

HEALTHCARE: Western Dental trims 237, closes 13 offices

Orange-based Western Dental Services Inc. has laid off 237 workers as it attempts to deal with a shift in its business wrought by healthcare reform.

Eye Care Industry Stars Alight Upon Orange County

Companies’ Life Stages Among Summit’s Topics

Orange County is known as a cradle of the eye device and drug industries, and some of its more prominent figures are gathering here this week to talk “trends, unmet clinical needs, and new business opportunities.”

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Four Hospitals Change Their Names

The four Orange County hospitals owned by Santa Ana-based Integrated Healthcare Holdings Inc. have changed their names.

Ex-Allergan Exec to Cannabis Drug Firm

Douglas Ingram, former president of drugmaker Allergan Inc., joined the board of Costa Mesa-based startup Nemus Bioscience Inc. in the newly created role of vice chairman.


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