Orange County Business Journal

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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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.

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