$385M Sale for 36 Sites; BK Filing for Operator
Sabra Health Care REIT Inc. (Nasdaq: SBRA) is ridding itself of a portfolio of nursing and senior housing properties run by an under-fire operator in Dallas.
INNOVATION: New hire from loanDepot
Irvine-based digital mortgage software provider Cloudvirga continues to beef up its executive team.
Seal Beach-based Industry Jump Inc. is seeking $500,000 in the form of a convertible note, founder and Chief Executive JJ Englert told the Business Journal.
Mission Viejo-based MYnd Analytics Inc. (Nasdaq: MYND) appointed Patrick Herguth as chief executive officer, replacing George Carpenter who will assume the new role of chief innovation officer.
HEALTHCARE: Big data drives evolution
Big data is the big buzzword in healthcare, and Edwards Lifesciences Corp. (NYSE: EW) is no exception—it’s made it part of a strategy to continue growing one of its three main business lines: critical-care technologies.
FDA Rethinks Device Approval Pathway
Food and Drug Administration approval is only the first step to medical device commercialization; device makers also need to obtain positive insurance coverage decisions from payers.
Verrix LLC recently announced the initial close of a Series B funding round for $8 million.
INNOVATION: Seeks $3M; Kickstarter to get the word out
Irvine-based Bright Buddies Inc. wants to help children with autism and other special needs.
Removes Necessity For Valve Alignment
Edwards Lifesciences Corp. (NYSE: EW) recently won European CE Mark for its next-generation transcatheter valve Sapien 3 Ultra for transcatheter aortic valve replacement.
HEALTHCARE: Eyes other sources of logistics growth
Cold-chain logistics provider Cryoport Inc. is getting a warmer reception on Wall Street.
Newport Beach-based Amnion Life, which develops incubation technology for premature babies, is seeking $200,000 on Wefunder to help bring its product to market.
HCP’s GC Oversees Corporate Reinvention
It’s not uncommon for a person to quote an inspiring leader—Lincoln, Gandhi or even Vince Lombardi—during an acceptance speech.
January Launch For Medicare Advantage
Orange-based Alignment Healthcare is a little more than a month from introducing a first-of-its-kind concierge program for seniors with Medicare Advantage insurance coverage.
Fast-growing fintech firm Acorns Grow Inc. is seeking another funding round that would vault the 6-year-old Irvine-based company’s valuation to $700 million, according to news reports.
Irvine-based Mind Brain Parenting is leading the conversation on social-emotional learning.
HEALTHCARE: Seeks $15M Series D; hiring
If you get a headache reading this story online, don’t blame Neurolens.
HEALTHCARE: $130M+ IPO will fund hiring spree
Axonics Modulation Technologies’ Oct. 31 initial public offering came at the end of one of Wall Street’s worst months in stock performance in recent memory.
INNOVATION: Size ‘M’ for cloud-based Locate
Laguna Hills-based application service provider Locate Inventory is growing with new office space, a new chief operating officer, and plans to double sales next year while also raising $5 million.
Masimo Grows Pediatric Blood-Monitor Offerings
Irvine-based Viseon Inc., a year-old maker of minimally invasive spine surgery technology, has received regulatory approval of its first product.
NCCN, ASCO Approvals Coincide With New Funds
Agendia Inc. is making headway in oncology diagnostics.
FINANCE: HCP, others on growth path
Orange County’s four largest publicly traded healthcare-focused real estate investment trusts and service providers largely emerged unscathed from October’s Wall Street bloodbath.
INNOVATION: OCTANe hosts LaunchPad event
Eight healthcare-focused companies, including two based in Orange County, presented at OCTANe’s annual Medical Technology Innovation Forum last week at the Newport Beach Marriott Hotel & Spa.
HEALTHCARE: Five times prior ER size
Irvine promotes itself as the safest city in the country crimewise.
HEALTHCARE: Taps techies for Irvine ops
The maker of Botox is injecting some big data into its Irvine operations.
Studies for Ovarian Cancer, Brain Tumors
Aivita Biomedical Inc.’s newest board additions bring star power to the privately held biotech company, which uses stem cells to develop “curative and regenerative” therapies for various ailments.
Masimo Corp. (Nasdaq: MASI) reported third quarter revenue climbed 8.9% to $210.6 million. Product sales grew 12% to $202.1 million for the quarter while royalty and other revenue declined 38% to $8.5 million.
Indexes continued to rally higher following the rebound on Tuesday, following some heavy losses toward the end of October. The S&P 500 was up 0.6% to 2,729.65.
HEALTHCARE: 17% of sales on R&D spend
Edwards Lifesciences Corp., Orange County’s largest public company with a nearly $30 billion market value, is also one of its fastest-growing public companies, both in sales and stock growth.
$900M Hospira Buy Pumps Sales By 300%
A nearly $1 billion ICU Medical Inc. (Nasdaq: ICUI) acquisition last year is paying immediate dividends for the San Clemente-based maker of medical technologies used in vascular therapy.
INNOVATION: ‘Forward’ thinks, acts like a tech co.
Fashion Island already has an Apple store, but the glitzy mall in Newport Beach now has Forward, which has been described as the Apple Store of doctors’ offices.
Institute to Test Alternative To Typical Vein Grafts
Irvine-based medical device maker Hancock Jaffe Laboratories Inc. (Nasdaq: HJLI) entered a sponsored research agreement for the development of its CoreoGraft product with Houston-based Texas Heart Institute, one of the largest cardiovascular centers in the U.S.
Edwards Lifesciences Corp. (NYSE: EW) earned $226 million on sales of $907 million in its most recent quarter. Sales rose 10% year-over-year but missed expectations and its shares dipped 2% to a $30 billion market cap.
Starr Surgical, Venture Heat Get FDA Nods
Edwards Lifesciences Corp. (NYSE: EW) has kicked off a pivotal domestic trial of the Centera transcatheter heart valve.
Irvine-based Koder Inc. is hiring as it tries to establish an online marketplace for freelance coders.
INNOVATION: $5 million round for Carepoynt
Newport Beach-based startup Carepoynt LLC, which created an app-centric, incentive-based health platform, has finalized its second notable funding deal in four months.
Spectrum Pharmaceuticals Inc. (Nasdaq: SPPI) named Francois Lebel as chief medical officer, overseeing the company’s clinical program including directing clinical trials and development as well as regulatory submissions.
Indexes were down more than 1% apiece in midday trading on the expectation that the Federal Reserve will continue to increase interest rates.
Aliso-Viejo based AWM Smart Shelf appointed Leo Tsourides as head of science.
Will Use Fitbit to Track Users’ Quality-of-Life Info
Vertos Medical Inc. is looking to better quantify the improvements that are seen when patients with lower back problems use its products.
HEALTHCARE: Aims for 2020 FDA product nod
Advanced Bifurcation Systems Inc. has a simple pitch for investors, cardiologists and people suffering from coronary artery disease who could be candidates for its developing stent product: simplicity.
HEALTHCARE: New name, new ticker; mobile app
A corporate name change was the easiest part of NextGen Healthcare Inc.’s reinvention over the past three years, even though it may have gotten the most attention, according to Chief Executive Rusty Frantz.