Irvine-based Sabra Health Care REIT Inc. said today it bought nine senior housing facilities in Illinois, Oregon and Washington in two deals totaling $84.7 million.
Irvine-based Masimo Corp. said today it will donate $5 million worth of its patient monitoring devices to Jordanian hospitals to assist them in providing healthcare to more than 1 million Syrian and Iraqi refugees.
Brings ‘Deep Experience’ Of Leading Big Businesses
Irvine-based device maker Endologix Inc. recently appointed Vaseem Mahboob as its new chief financial officer.
Alliance HealthCare Services Inc. in Newport Beach said last week that Fujian Thai Hot Investment Co. will buy 5.5 million shares of its stock for $102.5 million and become its majority shareholder.
Solid Landings No. 1 Among Largest Companies
Costa Mesa-based Solid Landings Behavioral Health Inc. is riding a wave of increased coverage prompted by healthcare reform to big revenue growth.
Includes $1M Upfront, $1.5M Milestone Payments
Allergan PLC, whose eye drug and Botox hubs are located in Irvine, is stepping away from an erectile dysfunction cream that’s under development.
HEALTHCARE: In line for 70% stake in $1.1 billion deal
Irvine-based Griffin-American Health Care REIT III Inc. is getting into the senior healthcare operating business.
Newport Beach-based Alliance HealthCare Services Inc. said today that Chinese investor Fujian Thai Hot Investment Co. will buy 5.5 million shares of its stock for $102.5 million and become its majority shareholder.
HEALTHCARE: Signals growing role of philanthropy for providers
Newport Beach-based Hoag Memorial Hospital Presbyterian will soon take the official wraps off a philanthropy campaign with a working goal of raising at least $500 million by 2020.
Any Number Could Follow Glaukos’ Path
Orange County has its share of private medical device and drug companies that could eventually become initial public offering candidates within the next couple of years.
35 Biggest Employed 16,629, Up By 316
The largest medical device makers based in Orange County or with large operations here held serve on the jobs front over the past 12 months.
HEALTHCARE: 128 jobs shift here from Chicago area
Concerto Healthcare Inc., a healthcare provider catering to senior citizens, has moved its corporate headquarters to Irvine from Schaumburg, Ill.
Latest Hoag Partnership Opened Last Month at HQ
Irvine-based patient monitor maker Masimo Corp. is the latest company to get on the St. Joseph Hoag Health wellness wagon.
Allergan, Which Cut The Most, Still No. 1 On List
Orange County’s top 10 drugmakers lost jobs during the past 12 months, primarily because of the acquisition and reorganization of longtime market leader Allergan PLC, previously Allergan Inc.
Bought Device Maker in Irvine for $400 Million
Irvine-based Edwards Lifesciences Corp. is known for its replacement aortic heart valves but has been busy on the mitral front.
HEALTHCARE: Would house offices, outpatient services
Newport Beach-based Hoag Memorial Hospital Presbyterian is planning a three-story medical center with 60,000 square feet at a mixed-use development in Tustin—the latest in a recently developed concept that pushes the delivery of healthcare beyond its traditional inpatient settings.
Packed Room at Pacific Club Gets Cautionary Tale
Consider the Allergan takeover drama finally done, now that the cautionary tale has been told.
Allergan PLC, which has its eye drug hub in Irvine, said today that it is buying Aliso Viejo-based AqueSys Inc. for $300 million up front, with the potential for milestone payments.
San Clemente-based CareTrust REIT Inc. said today that it spent $5.4 million to buy a secured memory care and assisted living facility in Pensacola, Fla.
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.
San Clemente-based ReShape Medical Inc. received a $38 million round of financing.
Fountain Valley-based MemorialCare Health System said today it is collaborating with West Hartford, Conn.-based Aetna Inc. on a new accountable care network.
San Clemente-based ReShape Medical Inc. said today it received a $38 million round of financing.
St. Joseph Hoag Health and Masimo Corp., both based in Irvine, said today that they plan to open a wellness center.
Smile Brands Cofounder, Former CFO Eye Buys
Veteran OC dental business services executive Steven Bilt has resurfaced with a new company.
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.
Irvine-based Smile Brands Group Inc. was hit with its second credit rating downgrade in the past nine months.
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.
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.
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.
Unsecured Line Gives It $500 Million Potential
San Clemente-based CareTrust REIT Inc. is loading up on credit as it tries to maintain growth.
Irvine-based Kareo Inc. has its sights set on big growth driven by sales to small medical practices.
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.
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.
Irvine-based startup device maker JenaValve Technology Inc. said today it completed a $26.5 million found of financing.
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.
Irvine-based patient monitor maker Masimo Corp. today topped Wall Street forecasts with its second-quarter financial results.
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.
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.
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.
Irvine-based Kareo Inc. said it received a $55.4 million investment.
Irvine-based Axis Research and Technologies Inc. recently filed to sell $20 million worth of stock in an initial public offering.
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.
The Susan Samueli Center for Integrative Medicine, part of UC Irvine Health, named Dr. Shaista Malik its director last week.
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.
Irvine-based Edwards Lifesciences Corp. said today that Robert Ingram has retired from its board of directors.
Irvine-based Edwards Lifesciences Corp. reported financial results today that exceeded analysts’ forecasts in some areas though earnings per share declined.
Irvine-based Kareo Inc. said today that it has received a $55.4 million investment.
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.
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.