Orange County Business Journal

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Masimo’s Q4 Profit in Line, Misses on Revenue

Irvine-based medical device maker Masimo Corp. today posted a fourth-quarter profit in line with Wall Street, while revenue missed expectations.

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ICU Medical Names CEO

San Clemente-based ICU Medical Inc. said today that it appointed Vivek Jain as its new chief executive, effective Feb. 13.

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Newport Specialty Hospital to Close This Week, Furlough 147

177-bed Newport Specialty Hospital will lay off its staff of 147 workers and close on Feb. 15, according to a state filing.

Newport Specialty Hospital to Close This Week, Furlough 147

177-bed Newport Specialty Hospital will lay off its staff of 147 workers and close on Feb. 15, according to a state filing.

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New CEO for ICU Medical

San Clemente-based ICU Medical Inc. said today that it appointed Vivek Jain as its new chief executive, effective Feb. 13.

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Pyott Points to $10B Potential for Allergan Acquisitions This Year

HEALTHCARE: Plenty of cash, little debt, wider market focus

Put Allergan Inc. down as a big shopper this year, thanks to a full coffer of cash and a corporate credit score that could accommodate as much as $10 billion worth of deals.

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Hospitals Stretch Selves Into More Innovation

Seek Entrepreneurs to Improve Healthcare, Bottom Lines

Orange County hospital systems are moving deeper into the “business of innovation” as they seek to respond to changes in the healthcare sector.

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Hoag Orthopedic Aims for Transparency, Engagement

Institute’s Surgery Volume Ranks High Nationally

Hoag Orthopedic Institute, an Irvine-based specialty hospital, looks up to a role model for the type of healthcare it strives to provide.

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Hospitals Have Mixed Year as Profits for Some Dip

Profits of 30 Biggest Drop 7%, Revenue Up

Orange County’s largest hospitals posted mixed results on the profit side over the past year or so. Includes the 2014 OC's HOSPITALS list for download (pdf)

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Questcor Pharmaceuticals Names New Chief Financial Officer

Anaheim-based drug maker Questcor Pharmaceuticals Inc. said Wednesday that it appointed Rajesh Asarpota as its new chief financial officer. His appointment is effective Feb. 17.

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Questcor Pharmaceuticals Names New Chief Financial Officer

Anaheim-based drug maker Questcor Pharmaceuticals Inc. said today that it appointed Rajesh Asarpota as its new chief financial officer. His appointment is effective Feb. 17.

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Allergan Beats Estimates, Issues Conservative Guidance

Irvine-based Allergan Inc. today reported fourth-quarter financial results that surpassed expectations and issued a cautious outlook for the current quarter.

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Kimberly-Clark Moves I-Flow Operating Unit to Irvine

Dallas-based Kimberly-Clark Corp. said today that its I-Flow LLC business unit moved from Lake Forest to the Discovery Business Center in Irvine. Lease terms were not disclosed.

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Kimberly-Clark Moves I-Flow Operating Unit to Irvine

Dallas-based Kimberly-Clark Corp. said today that its I-Flow LLC business unit moved from Lake Forest to the Discovery Business Center in Irvine. Lease terms were not disclosed.

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Quality Systems Tries to Improve Hospital Line

It’s Struggled Despite Its Promise Due to Reform

Irvine-based healthcare software maker Quality Systems Inc. has a plan to boost its struggling hospital business, its chief executive said late last month.

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Edwards Lifesciences Corp.’s Up-and-Down Week

Snags Patent Win, Gets Early Valve Competition

Edwards Lifesciences Corp. demonstrated the adage of “what goes up must come down” this month.

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Why Keirstead Left UCI for Corner Office

HEALTHCARE: Stem-cell pioneer sees potential for commercial OK

Orange County stem-cell pioneer Hans Keirstead has added another title to his repertoire as the company he now runs revs up its action.

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Allergan Ramps Up R&D, Eyes Acquisitions

HEALTHCARE: Plans to add hundreds of researchers

Allergan Inc. is setting an ambitious goal for research and development spending as it continues to load its pipeline.

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Memorial Names CFO, Expands Treasurer’s Role

MemorialCare Health System has named a new chief financial officer and added a title to its corporate treasurer’s title.

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Memorial Names CFO, Expands Treasurer’s Role

MemorialCare Health System has named a new chief financial officer and added a title to its corporate treasurer’s title.

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Allergan Names New Director

Irvine-based Allergan Inc. said today in a federal filing that it has added a seat on its board of directors and appointed a former Genzyme Corp. chief executive to the post, effective Jan. 24.

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Allergan Names New Director

Irvine-based Allergan Inc. said today in a federal filing that it has added a seat on its board of directors and appointed a former Genzyme Corp. chief executive to the post, effective Jan. 24.

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Seaside Health Plan Gets New Administrator

Fountain Valley-based MemorialCare Health System said today that Wendy Dorchester has been appointed chief administrative officer of its Seaside Health Plan business unit. The position is new.

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Seaside Health Plan Gets New Administrator

Fountain Valley-based MemorialCare Health System said today that Wendy Dorchester has been appointed chief administrative officer of its Seaside Health Plan business unit. The position is new.

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Edwards Falls on Early Medtronic Heart Valve Approval

Shares of Irvine-based Edwards Lifesciences Corp. closed down on Friday on news that the Food and Drug Administration granted an early approval of a less-invasive heart valve developed in Orange County and sold by rival Medtronic Inc.

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Direct Flow Gets European Approval, Plans U.S. Trial

Expands the Treatable Population for Valve

Direct Flow Medical Inc., a Santa Rosa-based heart valve startup that manufactures its devices in Lake Forest, has had a busy January.

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Device Maker Brings Work to Lake Forest

HEALTHCARE: eVent gets grip on costs, cuts US sales for now

Lake Forest-based medical device maker eVent Medical Inc. is aiming entirely overseas for its growth for now, with plans to get back into the U.S. market by year-end.

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Edwards Falls on Early Medtronic Heart Valve Approval

Shares of Irvine-based Edwards Lifesciences Corp. were down today on news that the Food and Drug Administration granted an early approval of a less-invasive heart valve developed in Orange County and sold by rival Medtronic Inc.

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AqueSys Gets $43.6M in Funding

Irvine-based eye device maker AqueSys Inc. said today that it has raised $43.6 million in a fourth round of funding.

AqueSys Gets $43.6M in Funding

Irvine-based eye device maker AqueSys Inc. said today that it has raised $43.6 million in a fourth round of funding.

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Botox Now Pricier, Could Get More Competition

Revance Therapeutics Files Papers for IPO

The New Year is starting out on a busy foot for botulinum toxin medications, including Botox, the flagship product of Irvine-based Allergan Inc.

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Manufacturer Follows Device Hub to New Market

HEALTHCARE: ‘Major’ customer asked Interplex to expand repertoire

Tustin-based contract manufacturer Interplex Nascal Inc. is branching out from industrial work into the medical device field.

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BUSINESS PERSON OF THE YEAR - Healthcare: Don Bailey

Questcor Tops $3B in Market Value on Strong Sales, Diversification

Don Bailey did more than pilot his company through some turbulence—he managed to make its shares soar.

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OC Employers Expected to Pay More for Insurance

7% Increase Slightly More Than Last Year’s

Businesses in Orange County are expected to pay 7% more to provide health insurance for their workers this year, or some $429 more per employee on average.

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Biolase Shoots Up on Canadian Deal

Irvine-based Biolase Technology Inc.’s stock rose Monday after it said it received a license to sell its dental lasers in Canada.

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Allergan Rises on Restasis Patent News

Irvine-based Allergan Inc. was granted three new patents for its dry eye drug Restasis.

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Edwards Girds for New Competition on Heart Valves

HEALTHCARE: Early lead on less-invasive devices narrows

Edwards Lifesciences Corp.’s chief executive expects 2014 to “become a very interesting year” as the Irvine-based heart valve maker girds for more competition, particularly in the U.S.

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Masimo Looks Poised to Continue Growth in 2014

Writer Credits Technology For Expected 2014 Jump

Irvine-based Masimo Corp. has been a steady Wall Street performer this year, and the growth should continue into 2014, according to an industry observer.

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2014 Preview: HEALTHCARE

Orange County’s 2014 healthcare news is likely to continue to have a hospital flavor as healthcare reform begins its first full year of operation.

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Allergan Rises on Restasis Patent News

Shares of Irvine-based Allergan Inc. rose today after three new patents were listed for its dry eye drug Restasis.

4 Healthcare Companies to Cut OC Jobs

Four healthcare companies will lay off a total of 236 Orange County workers in January, according to recent state filings.

4 Healthcare Companies to Cut OC Jobs

Four healthcare companies will lay off a total of 236 Orange County workers in January, according to recent state filings.

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Study Points to Regional ‘Life Science’ Lead for OC

HEALTHCARE: 40,000 jobs spread over 5 industry sectors

Orange County dominates the medical device industry in Southern California and has developed extensive reach in the broader “life science” industry, according to a recently issued report by a regional trade group.

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Allergan Closes Book on Its Weight-Loss Business

Completes Sale to Texas Company for $75 Million

Irvine-based Allergan Inc. is officially out of the weight-loss ranks.

Avanir Shares Slide

Aliso Viejo-based Avanir Pharmaceuticals Inc.’s shares plummeted Tuesday on several pieces of news, including a clinical trial disappointment and an analyst downgrade despite recent financial results that met expectations.

Avanir Shares Slide

Aliso Viejo-based Avanir Pharmaceuticals Inc.’s shares plummeted today on several pieces of news, including a clinical trial disappointment and an analyst downgrade despite recent financial results that met expectations.

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Edwards Lifesciences Falls on Guidance

Shares of Irvine-based Edwards Lifesciences Corp. slid on Monday after the heart valve maker provided disappointing guidance for 2014.

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Edwards Lifesciences Falls on Guidance

Shares of Irvine-based Edwards Lifesciences Corp. slid today after the heart valve maker provided disappointing guidance for 2014. Edwards’ shares were down about 6% to a market value of $6.8 billion.

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Apria Gets $2.1B for Drug Business,Mum on Oxygen

HEALTHCARE: Blackstone Group strikes deal with CVS at 5-year mark

Apria Healthcare Group Inc. has largely flown under the radar since it left Orange County’s public company ranks five years ago.

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Sabra Makes Good on Trimming Exposure to Genesis

Says Post-Independence Shift Helps Shareholders

Irvine-based Sabra Health Care REIT Inc. continues to make progress on one of its stated goals since becoming an independent company three years ago: spreading its portfolio across a range of operators.