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Dana Bartholomew

Stories by Dana

Greater Good

Special Report: HEALTH CARE

GoodRx’s business blossoms as consumers look for cheaper access to prescription drugs

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BATCHLOR BRINGS HOSPITAL BACK TO LIFE

Special Report: HEALTH CARE

Elaine Batchlor Martin Luther King Jr. Community Hospital

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Nammi Looks to Raise $20M

BIOTECH: UCLA spinoff developing cancer treatment

Nammi looks to change cancer treatments.

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NeuroSigma Wins Federal Clearance to Sell First Medical Device for ADHD

NeuroSigma Inc., a bioelectronics company based in Westwood, received federal clearance to market the first medical device to treat childhood ADHD, or attention deficit hyperactivity disorder.

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Judge Approves Sale of Verity

HEALTH CARE: KPC gets St. Vincent, St. Francis hospitals

Bankruptcy judge approves sale of Verity Health hospitals.

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Children’s Hospital Los Angeles Raises $2M During SoCal Fundraiser

A record 123 businesses across Southern California raised nearly $2 million during a spring fundraiser for Children’s Hospital Los Angeles, the hospital announced April 17.

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Keck Medicine Marks 10 Years Under USC Control

Capital commitments transform campus with more development slated

Keck Medicine investment shows results.

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Molina Healthcare to Lay Off 75 Workers in Latest Round

Molina Healthcare Inc., a Long Beach-based managed-care services provider, will lay off 75 more workers during a wave of reductions that appears related to the offshore outsourcing of its IT services.

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Staar Surgical Moves HQ to Orange County

Staar Surgical Co., a publicly traded pioneer of implantable contact lenses, has moved from its long-time headquarters in Monrovia to Orange County.

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Cedars Makes Valley Moves

HEALTH CARE: Tarzana deal part of growth goals

Cedars-Sinai expands into Valley.

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Costly Seismic Safety

In L.A. County, 156 hospital buildings need retrofit to meet state law’s requirements

Costs of seismic retrofits could put some hospitals on shaky financial ground.

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Soon-Shiong, Nantcell Sued Over Alleged ‘Catch and Kill’ of Cancer Drug

A San Diego biotech firm alleged Patrick Soon-Shiong and his NantCell Inc. company implemented a “catch and kill” scheme to stymie a new cancer drug that could hurt sales of a rival blockbuster drug invented by the Los Angeles billionaire, according to a lawsuit filed April 3.

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Koreatown-Based Pragma Inc. Raises $2.5M Backed by the Mayo Clinic, Michelson 20MM

Pragma Inc., a health tech company based in Koreatown that streams on-demand medical lectures and surgery videos, on April 3 announced a seed round of $2.5 million.

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UCLA Awarded $20 Million to Rebuild Medical Plaza and Conduct Research

The Los Angeles-based W.M. Keck Foundation gave $20 million to UCLA to fund biomedical research grants and support a renovation of the UCLA Medical Plaza, the university announced April 2.

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West L.A.-Based BioSig Tech Raises $8.6 Million from Investors

BioSig Technologies Inc., a medical device company based in West Los Angeles, has raised $8.6 million in a private placement, according to a securities filing.

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Emmaus Life Sciences Raises $2.6 Million From Investors

Emmaus Life Sciences Inc., a biotechnology company based in Torrance, raised $2.6 million in securities, according to an April 1 filing.

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L.A. Care Awards $2.2M in Grants to Health Care Clinics to Recruit Doctors

L.A. Care Health Plan, a publicly operated insurance agency based in Westlake, announced March 29 it awarded $2.2 million in grants to local health care clinics to recruit needed primary care physicians.

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Healthvana Teams with UrSure on HIV Program

Firms reach mutual referral agreement, will expand Healthvana’s user base

Healthvana teams up with UrSure on HIV drug.

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Schaefer Shutters, Says Health Law to Blame

Health Care: Ambulance service will close this month amid economic change

Schaefer Ambulance closing after 87 years.

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Culver City-Based NantHealth Reports $49M Loss in Q4, $191M for the Year

NantHealth Inc., a biomedical diagnostic company based in Culver City, on March 28 announced a fourth quarter loss of $49 million, while year-over-year revenue rose 3 percent.

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NantKWest Raises $39 Million From Company Founder Patrick Soon-Shiong

NantKwest Inc., a biotechnology company launched by Los Angeles businessman Patrick Soon-Shiong, raised $39 million in a private placement by its chairman and chief executive to advance a natural killer cell treatment for cancer.

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Culver City-based MedMen Enterprises Lands $250 Million

Culver City-based MedMen Enterprises Inc. announced March 22 a $250 million investment from marijuana industry investor Gotham Green Partners.

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CARE CRUNCH

Health Worker Shortage Crimps LA Providers

L.A.’s health care worker shortage puts squeeze on treatment centers.

Downtown-Based Flexogenix Files for Chapter 11 Bankruptcy

Flexogenix Group Inc., a Los Angeles-based company that operates joint care clinics in a half dozen U.S. cities, has filed for Chapter 11 bankruptcy.

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City of Hope Awarded $7.5 Million to Develop Therapies for Rare Blood Cancer

City of Hope National Medical Center received $7.5 million in federal and private grants to study a rare blood cancer that affects the skin.

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Thousands of UCLA Workers Join Statewide Strike Over Wages, Benefits and Income Gap

Democratic presidential candidate Bernie Sanders was expected to appear at UCLA on Thursday in sympathy for a statewide strike by thousands of research, technical and health care workers.

Pragma Teams Up With Mayo Clinic to Produce Medical Videos

Pragma Inc., a health tech company based in Koreatown that offers a library of on-demand medical lectures and surgical videos, on March 18 announced a partnership with the Mayo Clinic of Minnesota.

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ScaleLA Adds to Bioscience Incubator Scene

15,000-square-foot location offers no labs or equipment; 30 firms signed up so far

A new work space operated by ScaleLA Inc. — known as the 10th Floor — opened earlier this year as a 15,000-square-foot incubator for digital health and medical device startups.

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Brentwood-Based Catasys Reports Doubling 2018 Revenue to $15M

Catasys Inc., a Brentwood-based health tech company, reported March 14 it more than doubled its earnings last year to a record $15 million, with earnings expected to double again this year.

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Culver City-Based NantCell Raises Second $30M Round

NantCell Inc., a Culver City-based biotech firm founded by Los Angeles billionaire Patrick Soon-Shiong, has raised $30 million in investor funding after a similar injection late last year, according to a March 14 securities filing.

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Children’s Hospital Los Angeles Researcher Receives $1.6M to Study Eye Cancer

A scientist at Children’s Hospital Los Angeles has received a $1.6 million federal grant to study the cause of a rare eye cancer known as retinoblastoma, the hospital announced March 14.

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Long Beach Approves Tentative Deal to Reopen Community Hospital for $90M

The City of Long Beach has agreed to a deal for at least $90 million to reopen Community Hospital Long Beach after its former operator pulled out because of the cost of pending seismic safety repairs.

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Obituary: Roy Doumani, 1935-2019

Roy Doumani, a keen Los Angeles businessman, philanthropist and driving force behind bioscience innovation whose education nurtured a generation of entrepreneurs at UCLA, has died. He was 83.

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Molina to Lay Off Nearly 90 More Workers in Latest Termination Wave

Molina Healthcare Inc., a Long Beach-based managed-care services provider, will lay off nearly 90 more workers during a wave of layoffs that dovetails with the offshore outsourcing of its IT services, according to a state employment report.

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Trethera Corp. Raises $8M During Biotech Investor Round

Trethera Corp., a biotechnology firm based in Brentwood, raised up to $8 million from investors, according to a securities filing posted March 11.

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HEART OF STONE

BUSINESS LEADERS OF THE YEAR

City of Hope Chief Executive Robert Stone’s patient-first mindset leads to growth

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Opiant Finds OD Antidotes

HEALTH CARE: SaMo firm fighting opioid epidemic

Roger Crystal saw a lot of emergency room patients die from heroin overdoses during his time working in a London hospital earlier in his career.

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Providence Saint John’s Receives $5M Gift From Longtime Supporters

A Los Angeles couple who have been major supporters of Providence Saint John’s Health Center gave $5 million to its foundation to support health care and research.

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Puma Bio Shares Soar After Tripling Q4 Earnings From Cancer Drug Sales

Puma Biotechnology Inc., a biotech company based in West Los Angeles, announced March 1 it had tripled its year-over-year fourth quarter earnings to $61 million on sales of its signature breast cancer drug.

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Kaiser Offers Medical Students Free Tuition

New med school to cover program costs for first five classes

Kaiser to offer first students free tuition at its medical school.

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UCLA OPENS HEART PRACTICE IN DTLA

UCLA Health System opened a new cardiovascular practice downtown

Biotech Company Launched by Caltech Professor Raises $25M

Axial Biotherapeutics Inc., a biotechnology company with roots at the California Institute of Technology in Pasadena, has raised $25 million in a Series B round.

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West Hollywood-Based Aiva Partners With Cedars-Sinai on Smart Hospital Rooms

Aiva Inc., a digital health startup based in West Hollywood, struck a deal with Cedars-Sinai Medical Center to employ Aiva’s bedside voice assistant to allow patients to speak to Amazon’s Alexa to summon a nurse or change the TV channel.

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UCLA Opens Heart Practice Downtown in Advance of Planned Full Health Clinic

UCLA Health opened a new cardiovascular practice downtown on Feb. 25 to offer a full range of heart-health services within the city center.

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City of Hope Receives $12.5 Million Federal Grant to Fight Lymphoma

City of Hope National Medical Center was awarded a $12.5 million federal research grant to develop innovative ways to prevent and treat lymphoma, the hospital announced Feb. 21.

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MassRoots Acquires COWA Science for $6 Million in Stock

MassRoots Inc., a cannabis technology company based in Hollywood, has entered into an agreement to acquire COWA Science Corp. in a deal worth up to $6 million.

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Crescent Capital Group Finances Purchase of European Pharmacies

A unit of Crescent Capital Group, an alternative credit investment company based in West Los Angeles, has provided financing for the purchase of a European pharmacy chain purchased by Bencis Capital Partners.

Clearlake’s Symplr Acquires API Healthcare

Symplr, a health-tech company owned by Santa Monica-based Clearlake Capital Group, announced Feb. 20 it acquired API Healthcare for undisclosed terms.

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Cedars-Sinai Ranks No. 1 in Adult Heart Transplants

The Smidt Heart Institute at Cedars-Sinai Medical Center led the nation in the number of adult heart transplants last year, which marked an eight-year winning streak at No. 1.

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KECK ACQUIRES CARDIOLOGY GROUP

Keck School of Medicine of USC announced Feb. 12 it will acquire Los Angeles Cardiology Associates

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