HEALTHCARE: Europe rollout, Salus trial, mitral valves in plan
Medical device maker Direct Flow Medical Inc., which maintains a Lake Forest manufacturing hub, is pursuing a three-pronged plan for progress under new leadership.
HEALTHCARE: $211M deal trims market capitalization by 30% in day
Endologix Inc.’s bid to grow market share through a newly struck deal to acquire a competitor appears to have set investors in the Irvine-based medical device maker on edge.
Santa Ana-based MP Biomedicals LLC was sold to Valiant Co. in China for about $134 million.
Local Units Part of 23% Revenue Hike on Dental
Units with an Orange County presence helped drive improved financial performance for Danaher Corp.’s third quarter, according to company executives.
Shares of Irvine-based medical device maker Endologix Inc. plummeted today on news of a third-quarter loss.
Irvine-based Edwards Lifesciences Corp. reported financial results today that exceeded expectations and sent its shares up in after-hours trading.
Santa Ana-based MP Biomedicals LLC has been sold to Valiant Co., Ltd., in China for about $134 million.
HEALTHCARE: AV device maker to sell $75M in shares
Ellipse Technologies Inc. is gearing up to test the initial-public-offering waters.
HEALTHCARE: Joins software work with that of other startups
St. Joseph Health has moved the technology development arm of a company it invested in from Colorado to Irvine.
Collaboration Will Include Second Later-Stage Trial
Tustin-based drug developer Peregrine Pharmaceuticals Inc. is expanding its relationship with British drugmaker AstraZeneca PLC.
SERVICES: CSA Group hopes to win more customers
Toronto, Canada-based CSA Group is opening a new laboratory in Irvine with the intent of winning more business from the area’s medical device and diagnostic products makers.
Allergan PLC finalized its purchase of Aliso Viejo-based AqueSys Inc. for $300 million plus milestone payments.
Irvine-based cardiovascular device maker Edwards Lifesciences Corp. said today that it signed a deal with San Diego-based CareFusion, a BD company, to enable a pair of their respective devices to work together.
Irvine-based Quality Systems Inc. sold the hospital software division of its NextGen Healthcare subsidiary to Reston, Va.-based QuadraMed Affinity Corp. A purchase price was not disclosed.
Trading of shares in Allergan PLC, whose Botox and eye drug hubs are in Irvine, was briefly halted today and are down in midday trading on news involving rival Valeant Pharmaceuticals International Inc.
Aliso Viejo-based Ellipse Technologies Inc. filed for an initial public offering with the Securities and Exchange Commission to raise up to $75 million.
Report: Company Could Develop ‘Third Pillar’
Irvine-based Masimo Corp. executives recently took to the road to share the patient monitor maker’s story with investors as it moves through the eighth year of its 10-year business plan.
HEALTHCARE: Newly acquired double-chin drug hot, mostly for men
The Botox Cosmetic line and other products overseen by Allergan PLC’s hub in Irvine have long been favorites among well-heeled women.
Irvine-based Edwards Lifesciences Corp. said today that the Food and Drug Administration approved its Edwards Sapien XT replacement heart valve for aortic valve-in-valve procedures.
Kythera Biopharmaceuticals Inc. is cutting 117 workers – or more than half its workforce – after its acquisition earlier this month by Dublin, Ireland-based drug maker Allergan PLC in an all-cash deal valued at some $2.1 billion, according to a state filing.
Irvine-based St. Joseph Health has invested $10 million to expand its partnership with Boulder, Colo.-based Datu Health.
San Clemente-based ICU Medical Inc. said it’s buying Excelsior Medical Corp. in Neptune, N.J. for $59.5 million.
HEALTHCARE: Irvine parent taps banking vets for NY office
Newport Beach-based private equity fund Strathspey Crown Holdings LLC is keeping its focus on healthcare even as it plans to get into the financial management arena through a new subsidiary.
Irvine-based St. Joseph Hoag Health said that in January it will introduce health plans developed with insurer Cigna Corp.
Device Maker’s Head Says It Likes Multiple Partners
The Innovation Institute LLC’s “multiple constituents” were a major factor in Boston Scientific Corp.’s move to be its inaugural medical technology partner, according to a company executive.
Irvine-based St. Joseph Hoag Health said today that in January it will introduce new health plans developed with insurer Cigna Corp.
David Pyott, retired chief executive of Allergan, has donated 4.3 million pounds, or $6.5 million, to the London Business School.
San Clemente-based ICU Medical Inc. said today that it was buying Excelsior Medical Corp. in Neptune, N.J. for $59.5 million.
Allergan PLC, whose eye drug hub is located in Irvine, said today that it will collaborate with Louisville, Ky.-based insurer Humana Inc. on research that will include glaucoma and other eye diseases.
Note Owner Change With Chinese Firm Share Buy
Newport Beach-based Alliance HealthCare Services Inc. executives recently gave shareholders an overview of the recent change in majority ownership and several other matters.
Edwards Lifesciences Exec Helped Bring Breakthrough Valve to Market
Stanton Rowe’s nearly 40-year career in medical devices has been one of intersection and innovation. He has played a crucial role in the development of what’s considered one of the major advances in replacement heart valves.
The U.S. Food and Drug Administration today approved Allergan PLC’s Juvéderm Ultra XC for lip augmentation in adults who are at least 21 years old.
Children’s Hospital of Orange County will receive $17.7 million in a four-year grant from the Centers for Medicare & Medicaid Services.
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.