OC BUSINESS JOURNAL DAILY NEWS
Staar Surgical Moves HQ to Lake Forest
HEALTHCARE: OC Key For Recruiting Opthalmologists
Orange County’s reputation as a mecca for ophthalmology just got another boost as Staar Surgical Co. (Nasdaq: STAA) recently relocated its headquarters from Monrovia to Lake Forest.
OC 500: Erik Wexler
Leads Orange, L.A., San Bernardino counties … 14 hospitals, 90 clinics, 5K physicians, 35K employees … region’s second-largest health system after Kaiser … parent co: 50 hospitals, 7 states … succeeded Richard Afable (see entry) … previously led Tenet Healthcare in Northeast U.S. … he and wife, Stephanie, outdoor enthusiasts … RV explorations, adventures with dogs, bicycles
Parcel Pending Names Irvine Co. Alum CMO
Irvine-based Parcel Pending hired Colleen Lambros as chief marketing officer.
Midday Stock Roundup
The S&P 500 was 0.2% lower in midday trading to 2,902.37.
NextVR Pins Hopes on 5G, More Immersive Content
It’s minutes after tip-off in a late-season hoops matchup between the Golden State Warriors and Charlotte Hornets.
OC 500: Dale Fowler
Gives with wife, Sarah Ann … has committed $100M+ to Chapman U (see Daniele Struppa) … law school named for him (see Matt Parlow) … also gives to Musco Center (see Paul Musco), scholarships … CU trustee; bachelor’s, econ, 1958, year before George Argyros (see entry) … real estate developer, manager, Fowler Properties
Private Companies Wanted for Annual List
Special Issue: List will be centerpiece of June 17 edition
The Business Journal is preparing our annual list of the area’s largest privately owned companies for publication in June.
Midday Stock Roundup
The S&P 500 inched up 0.1% in midday trading to 2,908.58.
Bhathals Swimming In New OZ Fund
Opportunity zones—economically challenged areas that stand to benefit from investment tax incentives created through President Trump’s 2017 tax reform bill—are this year’s hot topic in commercial real estate circles.
OC 500: Anderee Berengian
Business Journal Excellence in Entrepreneurship honoree … outsourced digital services … bought 2015; founded 1998 by Justin Choi … 100 workers, 14K SF HQ … wants to meet: da Vinci, ‘inspiration as artist, inventor’ … Bucket list: Running of the Bulls, Pamplona … always attends: Cavalcade sports car rally, Italy … mentors Calif., Colo., startups … boards: UCI undergrad advisory; Human Options, Discovery Cube (see Joe Adams)
CalAmp Buys Synovia for $50M
CalAmp Corp. has acquired Synovia Solutions LLC for $50 million to expand its subscription services, the Irvine-based company said today.
Midday Stock Roundup
The S&P 500 was down 0.3% in midday trading to 2,899.90.
CSUF Survey Shows Modest OC Upswing
Orange County executives stared at a considerable wall of worry to start 2019.
ConversionPoint Files For IPO
Newport Beach-based ConversionPoint Holdings Inc. is looking to raise $40 million in an initial public offering.
ShiftPixy Q2 Sales up 67%
Irvine-based ShiftPixy Inc. reported fiscal second quarter revenue for the period jumped 67% to $13.2 million from the same period a year earlier.
OC 500: Kimberly Graham
Co-leads Southwest region, including NB, L.A., San Diego, Phoenix, Las Vegas, Denver … design strategy, visioning and master planning, interior design, project portfolio management … OC’s fifth-largest firm, $27M local billings; 25+ licensed architects … design for Opus Bank won 2016 award from trade group … joined firm in 1989… bachelor’s, Northern Arizona U
Midday Stock Roundup
The S&P 500 was up 0.6% in midday trading to 2,904.63.
Selling Season
Homebuilding Industry Preps for Spring Recovery
Orange County’s contingent of publicly traded homebuilders and land developers have struck a defiant tone to confront the choppy homebuilding market that rattled the industry—and battered their stock prices—in the latter part of 2018 and early 2019.
OC 500: Jennifer Mitzner
Named to role 2017 … for-profit formed 2010 … specialty ‘on the eve of major disruption … shift from inpatient to outpatient’ work … scale by ‘investing in new centers [by] partnerships’ … Institute: most hip, knee replacements in Calif. … previously CFO, Hoag Memorial, St. Joe Hoag Health … Texas Christian grad … first car: 1966 VW Bug bought for $800’ … bucket list: design-build dream home
KushCo 2Q Sales Up 240%
KushCo Holdings Inc. (OTC: KSHB), the largest cannabis related company based in Orange County, reported second quarter revenue jumped 240% to $35.2 million.
CareTrust to Raise $135M
San Clemente’s CareTrust REIT Inc. (Nasdaq: CTRE) increased the size of a public offering that’s now expected to raise $135 million, to help pay debt.
Midday Stock Roundup
The S&P 500 was down 0.1% in midday trading to 2,885.19.
Swimwear Maker Continues Reinvention
APPAREL: Manhattan Revamps Exec Team
When Lindsay Shumlas became chief executive of Cypress-based swimwear manufacturer Manhattan Beachwear Inc. in September, she fashioned a plan to focus strictly on swimsuits.
OC 500: James Morris
Largest OC private co. by revenue: $9.4B, up 5%, 2017… companywide workers 3,650+, 58% in OC … steered firm through 2008 crisis; no plans to retire … PacLife 150 years old, 2018 … chairs company foundation: $6.3M 2017 giving, 62% in OC … look for famed PacLife whale TV ads in football season … Business Journal OC 50
Mavenlink Gets $48M; Carrick, Goldman, In
Business software maker Mavenlink Inc. raised $48 million in a Series E financing round, led by current investors Newport Beach-based private equity firm Carrick Capital Partners and Goldman Sachs Growth Equity.
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