Orange County Business Journal

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Nonprofit Probes Hospitals’ Community Spending

Says Spending for Tax Breaks Not Appropriate

The question of whether hospitals in Orange County and other parts of California are providing “appropriate” amounts of community benefit spending surfaced again last month.

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Ensign Group Calls Its Business Spinoff Different

HEALTHCARE: Plans separate operating, real estate companies

The Ensign Group Inc. is shrugging off comparisons to others in its industry as it prepares to split off its operating and real estate businesses into a pair of publicly traded companies.

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Good Behavior

Cambodian Refugee Thrives as Autism Therapy Specialist

Garden Grove-based Behavioral Health Works has a made a growth market out of teaching people with autism how to change their conduct in an effort to improve their lives.

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Laser Licensing Pushes Alphaeon’s Middleman Method

Gets Amaris Device Rights From German Maker

Alphaeon Corp., a Newport Beach-based “lifestyle healthcare” company, acquired the U.S. licensing rights to the Amaris excimer laser device this month from Germany-based Schwind eye-tech-solutions GMBH.

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Fish New Skilled Healthcare CEO

Foothill Ranch-based Skilled Healthcare Group Inc. has named Robert Fish its new chief executive.

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Laird Gets New Job at MemorialCare

Fountain Valley-based MemorialCare Health System said Wednesday that it has appointed Diane Laird as its new chief strategy officer.

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Ensign Paying $48M to Settle Medicare Fraud Investigation

Mission Viejo-based nursing home operator Ensign Group Inc. has paid $48 million to settle a U.S. Department of Justice investigation stemming from a Medicare fraud lawsuit filed by two former workers.

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Laird Gets New Job at MemorialCare

Fountain Valley-based MemorialCare Health System said today that it has appointed Diane Laird as its new chief strategy officer.

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Ensign Paying $48M to Settle Medicare Fraud Investigation

Mission Viejo-based nursing home operator Ensign Group Inc. has paid $48 million to settle a U.S. Department of Justice investigation stemming from a Medicare fraud lawsuit filed by two former workers.

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Biolase Seeks Working Capital in Asset Sale

HEALTHCARE: Looks to boost cash, focus on core dental line

Irvine-based medical device maker Biolase Inc.’s move to sell noncore assets signals a plan to double down on its main dental laser business.

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Quality Systems Sings Praises of Mirth Acquisition

Says It Opens Up Product Pipeline, Expansion Paths

Executives of Irvine-based Quality Systems Inc. are bubbling over about their company’s newest deal.

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Biolase to Consider Asset Sales

Irvine-based laser device maker Biolase Inc. said Monday that its board authorized it to hire an investment bank to explore a possible sale of some of its assets.

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Biolase to Consider Asset Sales

Irvine-based laser device maker Biolase Inc. said today that its board authorized it to hire an investment bank to explore a possible sale of some of its assets.

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Allergan Makes Case Against Untested Generics

Cites Groups in Opposition to FDA Proposal

A Food and Drug Administration regulatory process that could lead to potential generic competition to Irvine-based Allergan Inc.’s Restasis dry-eye drug, among others, was recently discussed at the Generic Pharmaceutical Association’s Fall Technical Conference and highlighted by Boston-based investment bank Leerink Swann LLC.

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Innovator Will Nurture Ideas for Healthcare Industry

HEALTHCARE: St. Joseph offshoot teams with companies

One of Orange County’s legacy health systems is collaborating with others in an effort to advance innovation in healthcare by developing products and services stemming from inventions and ideas of doctors and employees.

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Ensign Group Splitting in Two

The Ensign Group Inc., a Mission Viejo nursing home operator, is planning to split itself into two publicly traded companies.

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Nvision Acquires Sacramento Clinic

Newport Beach-based Nvision Laser Eye Centers Inc. bought the Capital Eye Medical Group in Carmichael from ophthalmic surgeon Dr. Mitra Ayazifar.

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‘Pipeline in a Pill’

Nuedexta Led Avanir to Increase of 1,088%

Avanir Pharmaceuticals Inc. has ridden its “pipeline in a pill” to rapid growth over the past two years.

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Questcor Rises

Sales Gains Continue, Up-and-Down Shares Mostly Up These Days

Anaheim-based Questcor Pharmaceuticals Inc. has used one major drug to fire up revenue growth.

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Pyott Says Allergan a Shopper in Wake of Lap-Band Sale

HEALTHCARE: Prefers acquisitions to ‘sitting on’ $2.7B pile of cash

Irvine-based drug maker Allergan Inc. is sticking to its guns when it comes to expectations for its business units.

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Healthcare Sector Lives Up to Reputation

Several Segments Help Rev Up Growth Rates

Orange County’s reputation as a center of the healthcare industry is borne out in the Business Journal’s annual lists of fastest-growing public companies based here. Includes the 2013 OC's FASTEST-GROWING PUBLIC COs list for download (pdf)

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ICU Medical Answers Leadership-Change Questions

Founder George Lopez Is Moving to R&D Role

San Clemente-based ICU Medical Inc. is entering a new phase in its history, one in which Dr. George Lopez, its founder, is no longer running the show on a daily basis.

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Questcor’s Slide Continues

Shares of Anaheim-based drug maker Questcor Pharmaceuticals Inc. continued their free fall today, a day after it confirmed that regulators have joined an ongoing investigation of the company.

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Questcor Dips on Federal Probe News

Anaheim-based Questcor Pharmaceuticals Inc.’s stock fell in after-hours trading today on concerns over the widening of a U.S. Justice Department investigation of promotional practices for its primary drug.

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Allergan Selling Obesity Intervention Business

Irvine-based Allergan Inc. said today that it has a deal to sell its Lap-Band and Orbera weight loss devices to Austin-based Apollo Endosurgery Inc. for $75 million in cash and other considerations.

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Allergan Beats for Q3, Tamps Down Q4 Outlook

Irvine-based drug maker Allergan Inc. today reported third-quarter results that beat analysts’ estimates and issued guidance for the current quarter.

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Edwards Cuts Forecast, Shares Down

Irvine-based Edwards Lifesciences Corp.’s shares fell today after the heart valve maker issued a lower-than-expected earnings forecast for the current quarter.

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Drug Maker Dendreon Jumps on Sale Report

Dendreon Corp., a drug maker with a Seal Beach plant that employs an estimated 250 workers, surged today after published reports indicated it was putting itself up for sale.

MemorialCare Collaborates With UCI Health Again

Pair Now to Offer Stroke Care Program In OC, LA

Individual hospitals owned by Fountain Valley-based nonprofit MemorialCare Health System are finding other ways to team up with UC Irvine Health.

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USGI Cleared for Trial on Weight-Loss Devices

HEALTHCARE: Lauds FDA for ‘realistic’ approach

San Clemente-based USGI Medical Inc. is moving along with development of its less-invasive devices for weight loss.

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La Palma's Innovation Institute Gets Second Owner

The Innovation Institute, a La Palma company that was founded by Irvine-based St. Joseph Health, said Thursday that Bon Secours Health System has joined it as an investor.

La Palma's Innovation Institute Gets Second Owner

The Innovation Institute, a La Palma company that was founded by Irvine-based St. Joseph Health, said today that Bon Secours Health System has joined it as an investor.

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Sabra Gets Lifts on Q3 Results

Shares of Irvine-based Sabra Health Care REIT Inc. notched another modest gain after it posted a strong third-quarter reporter and trimmed guidance for the full year.

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Sabra’s Q3 Results Mixed

Irvine-based Sabra Health Care REIT Inc. today reported mixed third-quarter results.

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Lopez Steps Down as ICU Medical’s CEO

San Clemente-based medical device maker ICU Medical Inc. said today that Dr. George Lopez has stepped down as chief executive, citing reasons of health.

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Lopez Steps Down as ICU Medical’s CEO

San Clemente-based medical device maker ICU Medical Inc. said today that Dr. George Lopez has stepped down as chief executive, citing reasons of health.

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Medical Device Maker Lands Third Funding Round

Irvine-based Insightra Medical Inc. said today that it closed a third round of financing. Terms weren’t disclosed.

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Online Industry Observer Gives Questcor Thumbs Up

Blogger, Shareholder Sees Robust Company Growth

Anaheim-based Questcor Pharmaceuticals Inc. has taken its share of blows on investor websites

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Hoag, USC Plan Joint Effort on Cancer Care

HEALTHCARE: Comprehensive program at Newport Beach campus

Hoag Memorial Hospital Presbyterian and the University of Southern California are teaming up

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VCs Take New View of Medical Device Makers

HEALTHCARE: ‘Value-based’ shift as part of reform goes beyond tech

Orange County’s medical device industry is due for some adjustments

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Kaiser to Spend $25M on Anaheim Cancer Office

First of Three Buildings On La Palma Avenue

Kaiser Permanente, the Oakland-based nonprofit that operates Orange County’s largest health plan, is expanding its cancer treatment options.

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Drug Maker with Irvine Operation to Cut 10% of Workforce

Israel-based drug maker Teva Pharmaceutical Industries is eliminating 5,000 jobs, or about 10% of its global work force, in a cost-cutting bid.

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Hospital Systems Link to Compete in Changing Market

HEALTHCARE: Not merging, say UCI Health, MemorialCare

The latest affiliation between a pair of Orange County hospital systems stems directly and indirectly from elements of federal healthcare reform that took effect last week.

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Device Maker Tax Repeal Efforts Resurface in D.C.

Some Efforts Tied to Stop Gap Funding, Others Not

The push to repeal a federal tax on medical device makers’ revenue surfaced in the U.S. Senate in the days leading up to the government shutdown.

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Late LA Entrepreneur Gives $53M to Hoag

HEALTHCARE: Initial portions for heart and vascular care institute

Hoag Memorial Hospital Presbyterian has received the largest gift in its 61-year history

Masimo Wins Summary Judgment in Whistleblower Suit

Irvine-based Masimo Corp. today said that a federal court ruled in its favor in a whistleblower lawsuit that three of its former sales representatives filed against it.

Masimo Wins Summary Judgment in Whistleblower Suit

Irvine-based Masimo Corp. today said that a federal court ruled in its favor in a whistleblower lawsuit that three of its former sales representatives filed against it.

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MemorialCare, UC Irvine Health to Form Alliance

Fountain Valley-based MemorialCare Health System and UC Irvine Health said today that they will form an affiliation in a bid to expand the healthcare services they offer throughout Orange County.

Alliance Stock Up in Advance of New CEO

Newport Beach-based Alliance HealthCare Services Inc.’s stock reached a 12-month high today in advance of the arrival of its new chief executive.

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Beckman Coulter Parent Bids for J&J Diagnostics

Other Companies With OC Ties in Conversation

Brea-based diagnostic testing machine and supply maker Beckman Coulter Inc. could get some company within parent Danaher Corp.’s life sciences and diagnostics unit.