LA HEALTHCARE
Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...Fired KPMG Auditor Is Prominent L.A. Businessman
The fired auditor at the center of a Los Angeles insider trading case has been identified as Scott London, a longtime partner in the downtown L.A. office of accounting firm KPMG and a board member of the Los Angeles Area Chamber of Commerce.
Merz Bows Out of Race for Obagi
Merz Pharma Group on Monday withdrew its $22-a-share offer for Obagi Medical Products Inc., leaving the Long Beach dermatology company with a sweetened offer by its original suitor, Valeant Pharmaceuticals International Inc. of Montreal.
Operations Suspended at Three L.A. Hospital Sites
Financially strapped Pacific Health Corp. on Wednesday suspended operations at Bellflower Medical Center and the Los Angeles and Hawthorne campuses of Los Angeles Metropolitan Medical Center.
Bidding War Erupts for Obagi
Obagi Medical Products Inc. said its initial suitor had increased its bid to more than $418 million, exceeding a rival bid announced yesterday.
German Company Enters Bidding for Obagi
Merz Pharma Group on Tuesday announced a $383 million bid to acquire skincare maker Obagi Medical Products Inc. in Long Beach, topping a previous offer.
Success in the Bag?
FOOD: Snak King restyles packaging of Whole Earth brand to accent flavor over health benefits.
Snak King hopes shoppers bite on the refocus of its Whole Earth line from healthy to tasty products.
Analyst Upgrades Boost Obagi Shares
Shares of Obagi Medical Products Inc. rose 7 percent on Friday after two analyst upgrades followed the company’s fourth-quarter earnings.
Energy Drinks in Power Play
Red Bull looks to shed tangy edge with new fruit-flavored line.
Red Bull wants to pump up sales of its energy drink with new fruit flavors.
New Hospital Turns Animal Care Into Pet Project
HEALTH CARE: West L.A. facility of VCA Antech offers high-tech treatment.
Aside from the dogs on leashes and cats in carriers in the upscale reception area, it’s hard to tell at first glance that the newest hospital on Sepulveda Boulevard is for four-legged patients.
Gores Buys Health Care Services Firm
The Gores Group said that it has acquired GE Healthcare Strategic Sourcing from GE Healthcare.
Derycz Changes Name to Research Solutions
Derycz Scientific Inc. has changed its name to Research Solutions Inc.
Icahn Gains Two Seats on Herbalife’s Board
Herbalife Ltd. has agreed to increase its board by two seats, to 11 members, and will fill those positions with people chosen by activist investor Carl Icahn, whose investment company now controls more than 13 percent of the company.
Amgen Loses U.S. Supreme Court Case on Class Actions
The U.S. Supreme Court on Wednesday ruled against Amgen Inc. in a case that could make it easier for shareholders to bring class-action lawsuits against companies in the future.
FDA Halts Pediatric Trials of Amgen Drug
The U.S. Food and Drug Administration has directed Amgen Inc. to stop pediatric studies of one of its drugs after 14-year-old patient died.
Herbalife to Clarify Business Practices
Herbalife Ltd. said that it will clarify its business practices, responding to criticism from billionaire hedge fund manager Bill Ackman.
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