Molina Healthcare Inc. said it is leaving the Affordable Care Act health plan exchange market in Utah and Wisconsin as part of a cost-cutting plan.
Long Beach-based Molina Healthcare Inc. plans to cut 1,400 jobs in the next few months, Reuters reported Monday.
Children’s Hospital Los Angeles has received a $3 million investment from philanthropists Teresa and Byron Pollitt for an endowed chair position as the director of CHLA’s Fetal and Neonatal Institute.
HEALTH CARE: El Segundo base for anti-cancer components.
Billionaire Patrick Soon-Shiong has pledged to bring manufacturing jobs to El Segundo as part of his cancer treatment initiative.
FrontEdge Technology pulls in $2.7 million for razor-thin product for medical devices.
FrontEdge Technology Inc. raised $2.7 million from a couple of undisclosed investors last month to further develop a razor-thin battery for in-body medical devices.
Providence Little Company of Mary Medical Center in Torrance has received a $20 million donation from philanthropists Priscilla Hunt and the late Donald G. Hunt, the hospital said Thursday.
Billionaire biotech magnate Patrick Soon-Shiong is set to open an oncology clinic in El Segundo on July 11 as part of a push into the health care provider space.
Westlake Village’s Sienna Biopharmaceuticals Inc. filed for a $74.8 million initial public offering on Monday, according to a filing with the Securities and Exchange Commission.
Pacific Alliance Medical Center in Chinatown has agreed to pay $42 million in penalties to settle allegations in a federal whistleblower lawsuit claiming it filed false medical claims in a kickback scheme, the U.S. Justice Department announced Wednesday.
YogaWorks Inc. is preparing for a $74.8 million initial public offering, according to documents filed Friday with the Securities and Exchange Commission.
UCLA Mattel Children’s Hospital and Miller Children’s and Women’s Hospital Long Beach announced the formation of a strategic alliance on Thursday.
Avery Dennison Corp. of Glendale announced on Monday that it had acquired Finesse Medical, an Irish medical supply manufacturer, for an undisclosed amount.
BIOTECH: Venture would roll up several pharma units.
Patrick Soon-Shiong will continue to nurse his presence in the sector by forming the NantBio entity.
Cedars-Sinai, Torrance Memorial forge partnership in which both will operate under parent entity.
HEALTH CARE: Cedars-Sinai and Torrance Memorial like the prognosis for a joint medical center entity.
Cedars-Sinai Medical Center and Torrance Memorial Medical Center are forming an affiliation to share facilities and resources, the two institutions announced Wednesday.