Orange County Business Journal

Allergan Boss To Have Key Position After Pfizer Combo

Allergan PLC’s Irvine hub for ophthalmology and medical aesthetics is poised to join a new operating unit after Pfizer Inc. wraps up its $160 billion buy of the drugmaker.

By Vita Reed February 22, 2016 midnight share »

UCI Health Search Chair Reflects on Federoff Selection

UC Irvine Health, the University of California-Irvine’s health enterprise, set out to find a chief executive to succeed the now-retired Terry Belmont last year, an effort that took some twists and turns prior to the naming of Dr. Howard Federoff as the permanent chief last month.

By Vita Reed February 22, 2016 midnight share »
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Quality Systems Names New CFO

Irvine-based Quality Systems Inc. appointed James Arnold Jr. to the post of chief financial officer, effective March 1.

By Vita Reed February 18, 2016 3:42 p.m. share »
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CHOC Joins Cancer Initiative

Children’s Hospital of Orange County has joined the Cancer Moonshot 2020 initiative designed to speed development of cancer cures through immunotherapy.

By Vita Reed February 18, 2016 3:18 p.m. share »

St. Joseph Gets Home Nurse Franchises

Irvine-based St. Joseph Health bought 26 Nurse Next Door franchises with an option to buy 12 more.

By Vita Reed February 17, 2016 midnight share »

Kiani Looks for Quantum Leap on Safety Movement

Masimo Corp. Chief Executive Joe Kiani wants his brainchild, the Irvine-based Patient Safety Movement Foundation, to reach 50,000 lives saved this year through eliminating medical errors in hospitals.

By Vita Reed February 17, 2016 midnight share »

CareTrust Ups Credit, Pays Off Debt, Buys Properties

San Clemente-based CareTrust REIT Inc. is keeping itself busy as February unfolds by reworking its credit, paying off debt and making deals.

By Vita Reed February 17, 2016 midnight share »
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MemorialCare, Fresenius Join for Dialysis

Fountain Valley-based MemorialCare Health System said today that it has entered into a joint venture with Fresenius Medical Care North America to operate 15 kidney dialysis clinics in Orange and Los Angeles counties.

By Vita Reed February 16, 2016 9:10 a.m. share »

UCI Health’s New Leader Forges Vision for Enterprise

A new leader has taken the helm of UC Irvine Health, the University of California-Irvine’s healthcare enterprise, directly overseeing its academic work and with proximity and oversight of its clinical work, something he said is unique among the five UC campuses with extensive medical operations.

By Vita Reed February 15, 2016 midnight share »

Hospitals’ Patient Revenue Up 11% Over Year to $6.9B

Net patient revenue at Orange County’s 28 largest hospitals jumped significantly over the past 12 months while the centers posted a narrow pretax loss.

By Vita Reed February 15, 2016 midnight share »

Q&A

Orange County hospital and medical group executives say this year will be a busy one for them, with new outpatient centers, technology and changes in how they deliver healthcare. The Business Journal’s Vita Reed asked several local CEOs to share their plans as the year rolls out. Edited excerpts of their responses follow.

By Vita Reed February 15, 2016 midnight share »
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St. Joseph Health to Run Home Health Franchises

Irvine-based St. Joseph Health bought 26 Nurse Next Door franchises with an option to buy 12 more.

By Vita Reed February 8, 2016 8:06 a.m. share »

Ambry Genetics Adds Test Lab in Aliso Viejo

Genetic testing provider Ambry Genetics Corp. will open a new, 65,000-square-foot laboratory across the street from its Aliso Viejo headquarters this month.

By Vita Reed February 8, 2016 midnight share »

Drugmaker’s New CEO Sets No. 1 Drug Category Goal

Aliso Viejo-based Avanir Pharmaceuticals Inc.’s newly appointed chief executive has what he calls a “very simplistic” vision for the drugmaker.

By Vita Reed February 8, 2016 midnight share »
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Edwards Beats on Q4; Ups Guidance

Irvine-based Edwards Lifesciences Corp. beat analyst expectations on quarterly revenue and profit and boosted full-year expectations in a report issued after markets closed Tuesday.

By Vita Reed February 2, 2016 3:15 p.m. share »

Medical Device Component Maker Set to Exit OC

Balda C. Brewer Inc. USA, a maker of plastic molds used in medical devices and other products, is closing a plant in Irvine this month and cutting 193 jobs.

By Vita Reed February 1, 2016 midnight share »

Allergan Drug Patent Dispute Resolved With Dismissal

A patent fight between a hedge fund and Allergan PLC, whose eye and cosmetic medicine hub is in Irvine, has ended after nearly a year.

By Vita Reed February 1, 2016 midnight share »
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FDA Approves Avanir Migraine Drug

Aliso Viejo-based Avanir Pharmaceuticals Inc. said today that the Food and Drug Administration approved its Onzetra Xsail drug for treating adults’ acute migraine headache.

By Vita Reed January 28, 2016 3:06 p.m. share »
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Quality Systems Reports Results, Names CTO

Irvine-based Quality Systems Inc. reported financial results that missed Wall Street expectations for the three months ended Dec. 31.

By Vita Reed January 28, 2016 1:37 p.m. share »
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CHOC Expanding Neonatal Unit

Children’s Hospital of Orange County will expand its neonatal intensive care unit.

By Vita Reed January 27, 2016 4:23 p.m. share »
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St. Joseph Heritage Health Names New Chief Executive

Irvine-based St. Joseph Health said today that Kevin Manemann is the new chief executive of its St. Joseph Heritage Healthcare physician practice management organization.

By Vita Reed January 26, 2016 3:57 p.m. share »

Activists Urge St. Joseph-Providence Combo Scrutiny

Some advocacy groups are urging regulators not to waive a merger review of Irvine-based St. Joseph Health and Renton, Wash.-based Providence Health and Services’ proposed mega-affiliation.

By Vita Reed January 25, 2016 midnight share »
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Federoff Permanent UCI Health CEO

University of California-Irvine today named Dr. Howard Federoff chief executive of UC Irvine Health.

By Vita Reed January 21, 2016 1:33 p.m. share »
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Device Maker Gets $38 Million

Irvine-based Axonics Modulation Technologies Inc. raised $38.5 million in Series B financing.

By Vita Reed January 21, 2016 9:19 a.m. share »
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Avanir Names New Chief

Avanir Pharmaceuticals Inc., an Aliso Viejo-based drugmaker, said today that Rohan Palekar is its new chief executive.

By Vita Reed January 20, 2016 4:48 p.m. share »

Sabra Hikes Credit Line, Gets Fitch Ratings Affirmed

Irvine-based Sabra Health Care REIT Inc. recently said it will boost its borrowing capacity.

By Vita Reed January 18, 2016 midnight share »

Edwards Pursues Bigger Heart Market

Edwards Lifesciences Corp. wants to move its popular less-invasive replacement heart valves into a wider range of heart disease treatment after further padding its portfolio of mitral heart valves last month with the latest in a string of deals.

By Vita Reed January 18, 2016 midnight share »

Stem Cell Specialist Cuts Trial, Trims in Irvine

Caladrius Biosciences Inc. has cut 40 jobs in Irvine and ended a clinical trial of its lead drug candidate.

By Vita Reed January 18, 2016 midnight share »
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Device Maker Raises $27M

San Clemente-based VertiFlex Inc. has raised $26.8 million out of a proposed $45.7 million in funding, according to a Securities and Exchange Commission filing.

By Vita Reed January 14, 2016 3:52 p.m. share »
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Strathspey Crown Buys Nevada Firm’s Assets

Newport Beach-based Strathspey Crown Holdings LLC bought the portfolio companies of Incline Village, Nevada-based Novus Via LP on undisclosed terms.

By Vita Reed January 13, 2016 7:48 a.m. share »
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Strathspey Crown Buys Nevada Firm’s Assets

Newport Beach-based Strathspey Crown Holdings LLC bought the portfolio companies of Incline Village, Nevada-based Novus Via LP on undisclosed terms.

By Vita Reed January 12, 2016 4:52 p.m. share »
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Mission Hospital CEO to Depart

Kenneth McFarland, chief executive of Mission Hospital, said today that he will leave to pursue other opportunities. McFarland’s departure is effective Feb. 5.

By Vita Reed January 8, 2016 12:30 p.m. share »
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Device Maker Ellipse in $410M Sale

Aliso Viejo-based medical device maker Ellipse Technologies Inc. will be sold to San Diego-based NuVasive Inc. in a deal worth up to $410 million.

By Brittany Meiling, Vita Reed January 5, 2016 3:24 p.m. share »
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Care Facility Operator Names President

Irvine-based healthcare facilities operator Silverado named Shamim Wu president and chief operating officer, a new position.

By Vita Reed January 5, 2016 1 p.m. share »

2016 Preview: HEALTHCARE

Hospital affiliations, after being overshadowed by large deals involving Allergan Inc., which was based in Irvine, are poised to come back as a major activity to watch as 2016 begins.

By Vita Reed December 21, 2015 midnight share »

2015 YEAR IN REVIEW: Healthcare

We selected Mussallem—chief executive of Irvine-based Edwards Lifesciences Corp. and a dean of the OC device sector—as the person to watch for 2015 for a variety of reasons, including the heart valve maker’s ascension to become the largest publicly traded healthcare company based here.

By Vita Reed December 14, 2015 midnight share »

Griffin-American Purchase Builds in Growth Potential

Irvine-based Griffin-American Healthcare REIT III Inc. has completed its $1.1 billion buy of privately held Trilogy Health Investors LLC in Louisville, Ky.

By Vita Reed December 14, 2015 midnight share »

Irvine’s Reputation Draws German Valve Maker

Irvine’s reputation as a center for makers of transcatheter replacement heart valves has attracted a German company.

By Vita Reed December 14, 2015 midnight share »
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Alphaeon Names Two Board Members

Irvine-based Alphaeon Corp. has named former New Mexico governor Bill Richardson and James Xiaodong Liu, chief executive of Hong Kong-based Sailing Capital Management to its board of directors.

By Vita Reed December 7, 2015 1:16 a.m. share »

Nonprofits’ Income Up a Tad as Client Base Rises 9%

Most of Orange County’s nonprofits should be pleased with the way 2015 turned out, based on the averages in the Business Journal’s annual list.

By Vita Reed December 7, 2015 midnight share »
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Alphaeon Names Two Board Members

Irvine-based Alphaeon Corp. has named former New Mexico governor Bill Richardson and James Xiaodong Liu, chief executive of Hong Kong-based Sailing Capital Management to its board of directors.

By Vita Reed December 4, 2015 12:38 p.m. share »
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Ex-Allergan President Tapped by DC Drug Developer

Chase Pharmaceuticals Corp. said that it has appointed Douglas Ingram, a former president of Allergan Inc., which was based in Irvine, as its chief executive.

By Vita Reed December 3, 2015 9:31 a.m. share »

Masimo, China Customer Settle Over Patents, Devices

Irvine-based Masimo Corp. stopped in its tracks a potential patent battle with one of its original equipment manufacturing customers.

By Vita Reed November 30, 2015 midnight share »

Allergan Boss: Role for Irvine After Mega Deal

Irvine appears set to remain a hub for a core part of Pfizer PLC after it acquires Allergan PLC in an expected $155 billion deal that would create the world’s largest drugmaker, with more than $60 billion in sales.

By Vita Reed November 30, 2015 midnight share »

Affiliation Commands Attention

Jim Watson’s work on a pair of complex affiliations for his employer has caught the eyes of his peers in Orange County’s legal community.

By Vita Reed November 30, 2015 midnight share »
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St. Joseph Health Signs Agreement with Providence

Irvine-based St. Joseph Health said today it signed a definitive agreement with Renton, Wash.-based Providence Health and Services.

By Vita Reed November 27, 2015 4:17 a.m. share »
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St. Joseph Health Signs Agreement with Providence

Irvine-based St. Joseph Health said today it signed a definitive agreement with Renton, Wash.-based Providence Health and Services.

By Vita Reed November 25, 2015 1:21 p.m. share »

OCTANe Plans Continued Support of LaunchPad Businesses

Panel discussions and business plan competitions weren’t the only agenda items on deck at the Medical Device & Investor Forum held this month by Aliso Viejo-based group OCTANe.

By Vita Reed November 23, 2015 midnight share »

Alphaeon Pays $59M for Device Maker

Alphaeon Corp. keeps on making deals.

By Vita Reed November 23, 2015 midnight share »
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ICU Medical Shutters Slovakia Plant

San Clemente-based ICU Medical Inc. will close its manufacturing plant in Vrable, Slovakia, and cut 265 jobs, according to a Securities and Exchange Commission filing.

By Vita Reed November 18, 2015 10:54 a.m. share »

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