Medical Boost: The Chan Soon-Shiong Family Foundation, a non-profit co-founded by Dr. Patrick Soon-Shiong and his wife, actress Michele Chan, has given $4 million to the University of California Global Health Institute to support new cross-campus and interdisciplinary education and research programs. The donation will be used to fund research fellowships and scholarships to UC faculty, and postdoctoral, graduate and professional students. It will also support multicampus interdisciplinary research programs. Soon-Shiong topped the Business Journal’s List of Wealthiest Angelenos this year.


Bulls-Eye: Diversis Capital, a Santa Monica equity firm, has acquired the assets of Martin Archery Inc., a Walla Walla, Wash., maker of bows and archery accessories. Financial terms of the deal were not disclosed.



Industry Honor: Second Sight Medical Products, a Sylmar firm owned by medical device entrepreneur Alfred Mann, has been named Medical Device Manufacturer of the Year by MD+DI, a Santa Monica industry publication. Second Sight was honored for its Argus II, a bionic eye for blind people, which in February received Food and Drug Administration approval for limited use.



New HQ: Metacloud Inc., a Pasadena provider of cloud storage services, has moved to a larger space in the city. Metacloud is now at 117 E. Colorado Blvd. Its previous address was 130 W. Union St. The company has reported that its revenue has grown 300 percent and its staff has almost doubled in the last year.



Taking Off: Elite Aviation, a charter flight firm based out of Van Nuys Airport, has received $50 million that will go toward global expansion, fleet growth and acquisitions to complement its business. The financing came from private investors in the company.



Auto Pickup: Torrance’s 1-Day Paint & Body Centers has been acquired by Maaco, part of the Driven Brands family of automotive companies in Charlotte, N.C. The Uribe family-owned 1-Day operates 24 centers in California, Nevada and New Mexico. Most 1-Day locations will be converted to Maaco Collision Repair & Auto Painting Centers over the next three to six months. Financial terms of the deal were not disclosed.


Branch Opening: Huntington Beach-based NuVision Federal Credit Union has opened a branch at the Tesoro corporate office center in Carson. The location for the new outpost, at 2350 E. 23rd St., was acquired through NuVision’s merger with Pacific Resource Credit Union this year.

Regional Report

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