Orange County Business Journal

OC Operations Help Danaher Boost Q3 Performance

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.

Direct Flow Focused on Trio of Strategies for Growth

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.

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Endologix Shares Dive

Shares of Irvine-based medical device maker Endologix Inc. plummeted today on news of a third-quarter loss.

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Edwards Beats, Shares Rise

Irvine-based Edwards Lifesciences Corp. reported financial results today that exceeded expectations and sent its shares up in after-hours trading.

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China Co. Buys Milan Panic's Biomed Firm

Santa Ana-based MP Biomedicals LLC has been sold to Valiant Co., Ltd., in China for about $134 million.

Peregrine Broadens AstraZeneca Cancer Clinical Pact

Collaboration Will Include Second Later-Stage Trial

Tustin-based drug developer Peregrine Pharmaceuticals Inc. is expanding its relationship with British drugmaker AstraZeneca PLC.

St. Joseph Moves Investment Recipient to Irvine

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.

Medical, Diagnostic Product Tester Expands OC Digs

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.

Ellipse Aims to Join Wave of 2015 Healthcare IPOs

HEALTHCARE: AV device maker to sell $75M in shares

Ellipse Technologies Inc. is gearing up to test the initial-public-offering waters.

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Allergan Wraps $300M AqueSys Deal

Allergan PLC finalized its purchase of Aliso Viejo-based AqueSys Inc. for $300 million plus milestone payments.

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Edwards Works With CareFusion

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.

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Quality Systems Sells Hospital Unit

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.

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Allergan Shares Briefly Halted

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.

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Ellipse Files for IPO

Aliso Viejo-based Ellipse Technologies Inc. filed for an initial public offering with the Securities and Exchange Commission to raise up to $75 million.

Masimo Executives Outline Positions for Growth

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.

Allergan’s Irvine Hub Poised for Boost on Appeal to Other Half

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.

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FDA Clears Additional Use for Edwards Sapien XT

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.

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Allergan’s Kythera to Lay Off 117

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.

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St. Joseph Health Puts $10M in Software Maker

Irvine-based St. Joseph Health has invested $10 million to expand its partnership with Boulder, Colo.-based Datu Health.

Strathspey Crown Pegs Pensions As Next Offering to Doctors

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.

St. Joseph Hoag, Cigna Offer Health Plans

Irvine-based St. Joseph Hoag Health said that in January it will introduce health plans developed with insurer Cigna Corp.

ICU Medical Acquires NJ Device Maker

San Clemente-based ICU Medical Inc. said it’s buying Excelsior Medical Corp. in Neptune, N.J. for $59.5 million.

Boston Scientific Likes Innovation Institute Number

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.

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St. Joseph Hoag, Cigna to Offer Plans

Irvine-based St. Joseph Hoag Health said today that in January it will introduce new health plans developed with insurer Cigna Corp.

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Pyott Gives $6.5M to Alma Mater

David Pyott, retired chief executive of Allergan, has donated 4.3 million pounds, or $6.5 million, to the London Business School.

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ICU Medical Buys N.J. Company

San Clemente-based ICU Medical Inc. said today that it was buying Excelsior Medical Corp. in Neptune, N.J. for $59.5 million.

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Allergan, Humana Teaming Up on Research

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.

Alliance Executives Talk Investors, Update Business

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.

Healthy Innovation Record

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.

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FDA Clears Allergan’s Juvéderm Filler for Lips

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.

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CHOC Wins Clinical Practice Grant

Children’s Hospital of Orange County will receive $17.7 million in a four-year grant from the Centers for Medicare & Medicaid Services.

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Sabra Spends $84M for Senior Housing

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.

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Masimo Donates Equipment to Jordan

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.

GE Healthcare Veteran Joins Medical Device Maker

Brings ‘Deep Experience’ Of Leading Big Businesses

Irvine-based device maker Endologix Inc. recently appointed Vaseem Mahboob as its new chief financial officer.

Rehab Specialist Lands Top Spot

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.

Griffin-American Teams Up for Buy

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.

Chinese Buyer for Radiology Provider

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.

Allergan Licenses Rights of Erectile Dysfunction Cream

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.

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Radiation Provider Gets Majority Owner

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.

Masimo to Add Wellness Center Via St. Joseph Hoag

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.

Medical Device Makers Bump Up Local Jobs By 2%

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.

Drugmakers Combine for 10% Reduction in Local Jobs

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.

Trend Toward Healthcare IPOs Spotlights OC Candidates

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.

Hoag’s Bold Goal: $500 Million or More by 2020

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.

Niche Clinic Operator Moves Headquarters to OC

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.

FCD Presents Allergan Finale

Packed Room at Pacific Club Gets Cautionary Tale

Consider the Allergan takeover drama finally done, now that the cautionary tale has been told.

Edwards Closes CardiAQ Buy, Competition Grows

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.

Hoag Eyes Tustin Legacy for Next Health Center

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.

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Allergan in $300M Deal for Aliso Viejo Eye Device Maker

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.

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CareTrust Buys Florida Facility

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.

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