Orange County Business Journal

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Mission Hospital to Open Neuroscience Institute

Mission Hospital said that it is opening a new $185 million Neuroscience and Spine Institute tomorrow on its main Mission Viejo campus.

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Avanir Shares Up on Positive Trial Data

Aliso Viejo-based Avanir Pharmaceuticals Inc.’s shares rose today on positive clinical trial results for a potential Alzheimer’s disease treatment.

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Federal Judge Grants Allergan Injunction Hearing Request

Allergan Inc. said today that a federal judge has set an Oct. 28 hearing for a preliminary injunction against hostile suitors Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP.

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Allergan to Cut 129 Irvine Jobs

Irvine-based Allergan Inc. has filed papers with state officials saying it will lay off 129 employees.

LH Device Maker Gets $35M for Work

Laguna Hills-based Sonendo Inc. said it completed a $35 million round of equity financing.

OC Medical Device Makers Rank High for New Hires

Edwards, Endologix Among Big Gainers on Consultant List

Irvine-based medical device makers Edwards Lifesciences Corp. and Endologix Inc. are vastly different when it comes to revenue and profit, but they both rank among the top 10 hirers in the medical technology field over the past five years, according to a recently released report.

Device Maker Jobs Up 2% in 6th Straight Growth Year

34 Companies Employed 16,000+ in Orange County

The 34 largest medical device makers in Orange County experienced 2% job growth during the 12 months ended in August, according to the Business Journal’s annual list.

Rental Health in Spectrum

St. Joseph Hoag Sets Up at Irvine Company Complex

St. Joseph Hoag Health’s latest building block for the integrated regional care delivery it aims to establish throughout Orange County is the cornerstone of the Irvine Company’s newest idea to bolster the amenities at a couple of its bigger apartment complexes.

10 Biggest Drugmakers Combine for 1% Job Growth

Allergan Leads the Way With 2,400 Local Workers

Irvine-based Allergan Inc. is the runaway leader on the Business Journal’s annual list of drugmakers based in Orange County or with sizable local operations.

AcuFocus Wants to Grow at Home

Device Maker Seeks FDA Approval, Builds US Sales Force

AcuFocus Inc. is banking on a recent cash infusion and a tiny device implanted in the eye to spur big growth.

Biolase Changes Include Nugent as Permanent CEO

Also Creates Nationwide ‘Commercialization Team’

Irvine-based Biolase Inc. is making moves to build its executive and commercialization teams.

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Federal Judge Grants Allergan Injunction Hearing Request

Allergan Inc. said today that a federal judge has set an Oct. 28 hearing for a preliminary injunction against hostile suitors Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP.

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Allergan to Cut 129 Irvine Jobs

Irvine-based Allergan Inc. has filed papers with state officials saying it will lay off 129 employees.

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Alphaeon Buys Canadian Company

Newport Beach-based Alphaeon Corp. said today that it is buying Clarion Medical Technologies Inc., a Canadian aesthetic medicine company.

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Alignment Healthcare Makes Deal

Irvine-based Alignment Healthcare LLC said today that it acquired Citizens Choice Health Plan for an undisclosed amount.

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Sonendo Gets $35 Million

Laguna Hills-based Sonendo Inc. said today that it completed a $35 million round of equity financing.

It’s Official: Questcor Now Mallinckrodt PLC Unit

Acquisition Final, Local Operations to Stay Intact

Questcor Pharmaceuticals Inc. made plenty of headlines in its roughly four years as an Orange County-based public company.

Device Maker’s OC Operation Stays Intact After Buy

HEALTHCARE: Novartis unit sees acquisition as complement

Aliso Viejo-based eye device maker WaveTec Vision Systems Inc.’s operations are expected to remain largely intact as it begins a new chapter in its corporate life.

Allergan Update: Court Calendar Could Get ‘Pushed Into’ 2015

HEALTHCARE: Santa Ana, Delaware cases scheduled, wrangling continues

That was no end-of-summer lull.

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Allergan Buzz: Jazz Phamarceuticals a Buy?

Shares of Jazz Pharmaceuticals PLC rose today after an industry website said it would likely be the most viable deal target for Irvine-based Allergan Inc.

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Report: Alliance Considering Sale

Newport Beach-based Alliance HealthCare Services Inc. may consider putting itself up for sale, according to a report published today.

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Biolase Makes Nugent Permanent CEO

Irvine-based Biolase Inc. said today that Jeffrey Nugent is now the company’s permanent chief executive. Nugent, a Biolase director, had served as acting chief executive since June.

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Allergan Answers Valeant, Pershing Square

Irvine-based Allergan Inc. said today that it filed an answer in U.S. District Court to a countersuit filed by Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management.

Prescription for Open Enrollment Season: 700 Hires

HEALTHCARE: Alta Resources seeks permanent, seasonal staff

Alta Resources Inc. is bringing its Brea office along on a major expansion, with plans to hire some 700 workers there.

Edwards Lifesciences Continues Wall Street Resurgence

Analysts Like Its Recent Showing, Suit Settlement

Irvine-based heart valve maker Edwards Lifesciences Corp. received kudos on Wall Street as it continues its yearlong market surge.

Texas Firm to Buy OC Device Maker

Aliso Viejo-based WaveTec Vision Systems Inc. will be bought by Alcon Inc., according to a statement.

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Aliso Viejo-Based Device Maker Sold

Aliso Viejo-based WaveTec Vision Systems Inc. will be bought by Alcon Inc., according to a statement issued today.

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Wisconsin Firm Hiring 700 in Brea

Alta Resources, a Neenah, Wis.-based business process outsourcing company, is planning to hire some 700 workers for its Brea facility.

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Allergan Sets Special Shareholder Meeting

Irvine-based Allergan Inc. will host a special shareholders’ meeting on Dec. 18, according to a court filing today.

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Allergan Confirms Shareholder Meeting Request

Irvine-based Allergan Inc. has confirmed it received written requests from shareholders to call a special meeting requested by activist investor Bill Ackman’s Pershing Square Capital Management LP.

Pennsylvania Firm to Buy Skilled Healthcare

Foothill Ranch-based Skilled Healthcare Group Inc. said it’s being bought in an all-stock deal by Kennett Square, Pa.-based Genesis HealthCare.

Analyst Sees ‘Smooth Transition’ for New Allergan CFO

Personal Decision Prompts Move, New CFO Praised

Irvine drug maker Allergan Inc. has a new chief financial officer as it works to fight off hostile suitor Valeant Pharmaceuticals International Inc.

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CNBC: Threshold Met for Special Meeting on Allergan

Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP will submit a request today to Irvine-based Allergan Inc. calling for a special meeting of shareholders, according to reports.

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Skilled Healthcare Being Bought By Genesis

Foothill Ranch-based Skilled Healthcare Group Inc. said today that it is being bought in an all-stock deal by Kennett Square, Pa.-based Genesis HealthCare. A purchase price was not disclosed.

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Skilled Healthcare Being Bought By Genesis

Foothill Ranch-based Skilled Healthcare Group Inc. said today that it is being bought in an all-stock deal by Kennett Square, Pa.-based Genesis HealthCare. A purchase price was not disclosed.

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Allergan Names Hindman CFO

Irvine-based Allergan Inc. said today that it named Jim Hindman its new chief financial officer.

Dental HMO, PPO Memberships Drop 1% to 2M-Plus

Delta Dental Plans Still At Top of List of 13 Plans

Managed dental care plans saw a slight drop in their Orange County membership during the past year.

Hospitals Closely Watch State Reimbursement Case

Appellate Decision Could Bring Wide Implications

Hospitals in Orange County and other areas are keeping their eyes on a long-running reimbursement case that could reach the California Supreme Court.

Health System Increases Oversight Due to Reform

Audit Unit; Punishment For Noncompliant at CalOptima

Orange-based CalOptima is intensifying its work with providers to tackle a tighter government regulatory landscape.

HMOs’ Membership Up, PPOs’ Numbers Down 3%

Kaiser Leads HMOs List, Anthem OC’s Biggest PPO

Health maintenance organizations had a year of growth in Orange County.

Q&A

“Affiliation” continues to be more than a buzzword in Orange County’s hospital world. The latest affiliation happened this month when St. Joseph Hoag Health and Children’s Hospital of Orange County said they were creating an accountable care organization. CHOC and St. Joseph Hoag Health are going to share in the financial and medical responsibilities of managing and providing care to patients. The institutions said the affiliation’s goals include improving quality, enhancing patients’ experience, and creating “efficiencies through collectively attending to patients’ needs and avoiding unnecessary treatments.”

Insurance Firm Grows With Healthcare Partnerships

Takes On UnitedHealthcare Plans, Networks for Growth

A business unit of Orange-based Word & Brown Cos. has teamed up with a health insurance behemoth as a way to fuel growth.

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Masimo Receives FDA Warning Letter

Irvine-based Masimo Corp. has received a warning letter from the Food and Drug Administration on its manufacturing practices, the company said today in a regulatory filing.

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SEC Looking Into Valeant, Pershing Square

The Securities and Exchange Commission is probing Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP to determine if there has been a breach of insider trading laws in their hostile bid for Irvine-based Allergan Inc., according to reports.

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Saddleback Medical Center Conversion Studied

Saddleback Medical Center Conversion Studied

Fountain Valley-based MemorialCare Health System said today that it would do a feasibility study with an eye toward converting the San Clemente campus of its Saddleback Memorial Medical Center to an ambulatory healthcare campus.

Pignatelli Resigns From Biolase Board

Federico Pignatelli, a director of Irvine-based Biolase Inc., resigned from the company’s board and withdrew his nomination for election at its upcoming annual meeting.

Allergan Keeps Analysts Busy On Possible Scenarios

Company Would Buy With Cash; Docs Eschew Valeant

Irvine-based Allergan Inc.’s ongoing attempt to beat back Valeant Pharmaceuticals International Inc.’s hostile takeover bid has provided plenty of grist for the analyst mill in recent weeks.

Arts Center Names Mazzo to Board

The Segerstrom Center for the Arts in Costa Mesa said James Mazzo is a new member of its board of directors.

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Does Dual Dip Point to Diminished Prospects for Allergan Deal?

HEALTHCARE: Valeant bid valued just above target’s market value

Investor sentiment appears to be quietly moving away from the increasingly noisy takeover attempt of Irvine-based Allergan Inc.

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Masimo Slides on Earnings Miss

Shares of Irvine-based Masimo Corp. fell sharply today, one day after its second-quarter results missed analysts’ forecasts.

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