Orange County Business Journal

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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.

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.

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.

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.

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.

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.

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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.

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.

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.

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.”

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.

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.

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.

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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.

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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.

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.

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.

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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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Masimo Q2 Misses Forecasts

Irvine-based medical device maker Masimo Corp. today posted second-quarter results that missed Wall Street expectations.

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Advisory Firms Call for Allergan Special Meeting

Two proxy advisory firms now are backing activist investor Bill Ackman in his efforts to call a special meeting of Irvine-based Allergan Inc. shareholders as part of a hostile takeover bid from Valeant Pharmaceuticals International Inc.

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Pignatelli Resigns From Biolase’s Board

Federico Pignatelli, a director of Irvine-based Biolase Inc., said today he was resigning from the company’s board and withdrawing his nomination for election at its upcoming annual meeting.

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Mazzo to Segerstrom Board

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

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St. Joseph Hoag Health, CHOC in ACO

Irvine-based St. Joseph Hoag Health and Children’s Hospital of Orange County said today that they would form an accountable care organization.

Beckman Coulter to Keep Siemens Buy Up North

Microbiology Unit To Stay In West Sacramento

Beckman Coulter Inc., a Brea-based maker of diagnostic testing instruments and supplies, is gearing up to digest its newest acquisition.

List of Prospects for Allergan Acquisition Emerges

HEALTHCARE: Drug maker could derail hostile bid with deal

Names are emerging as potential buys for Irvine-based Allergan Inc. as it strives to derail Valeant Pharmaceuticals International Inc.’s hostile takeover attempt.

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Allergan Contends Insider Trading in Suit against Valeant, Ackman

Irvine-based Allergan Inc. filed a federal lawsuit today that contends hostile suitor Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman engaged in insider trading.

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Newport Beach Biopharmaceutical Company Raises $13.6M

Newport Beach-based Cold Genesys Inc. said it received $13.57 million in first round of funding.

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Newport Beach Biopharmaceutical Company Raises $13.6M

Newport Beach-based Cold Genesys Inc. said it received $13.57 million in first round of funding.

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Valeant Shares Dip; Allergan Bid Still On

Shares of Valeant Pharmaceuticals International Inc., which is attempting to take over Irvine-based Allergan Inc., fell sharply today after it cut its 2014 and 2015 profit forecasts.

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Edwards’ Profit Gain Fueled by Settlement

Irvine-based Edwards Lifesciences Corp. today reported second-quarter results that surpassed Wall Street’s expectations.

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Edwards’ Profit Gain Fueled by Settlement

Irvine-based Edwards Lifesciences Corp. today reported second-quarter results that surpassed Wall Street’s expectations.