LA HEALTHCARE

Molina Healthcare to Exit Exchanges in Wisconsin, Utah

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.

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Report: Molina Healthcare to Cut 1,400 Jobs

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 Receives $3 Million Investment

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.

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Soon-Shiong Pledges Manufacturing Here

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.

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Investment Powers Up Maker of In-Body Batteries

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.

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Torrance’s Providence Little Co. of Mary Medical Center Receives $20 Million Donation

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.

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Soon-Shiong Set to Open El Segundo Cancer Clinic on July 11

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.

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Sienna Biopharmaceuticals Inc. Files for $74.8 Million IPO

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 to Pay $42 Million Settlement Over Alleged Kickback Scheme

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 Prepping $75 Million Initial Public Offering

YogaWorks Inc. is preparing for a $74.8 million initial public offering, according to documents filed Friday with the Securities and Exchange Commission.

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UCLA, Miller Children’s Hospitals Partner to Expand Child Health Services

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. Acquires Irish Medical Supplier

Avery Dennison Corp. of Glendale announced on Monday that it had acquired Finesse Medical, an Irish medical supply manufacturer, for an undisclosed amount.

Soon-Shiong Plans Nant IPO

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.

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Medical Centers Seek Healthy Boost

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.

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Cedars-Sinai and Torrance Memorial Form Partnership

Cedars-Sinai Medical Center and Torrance Memorial Medical Center are forming an affiliation to share facilities and resources, the two institutions announced Wednesday.

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