HEALTH CARE

Digital Health Accelerators Boosting Local Companies

Business accelerators have long been a crucial link for taking startups from the research and prototype stage to marketing and selling their products and services to customers.

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The Oncology Institute Starts Public Trading, Signals Future Growth

The Oncology Institute raised approximately $334 million in cash proceeds through the public trading launch.

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PatientPop, Kareo Merge to Create Tebra

Santa Monica-based PatientPop Inc. will merge with health care IT firm Kareo Inc., forming a new company called Tebra.

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Perinatal Nutrition Company Needed Raises $3.7M in Seed Financing Round

Brentwood-based perinatal nutrition company Needed recently closed a $3.7 million round of seed financing to help it continue its research and begin marketing nutritional supplements to women of childbearing age.

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Merger Makes Venice Family Clinic the Largest Nonprofit Community Health Center in Coastal LA County

Two of the oldest and largest nonprofit health centers serving coastal Los Angeles County have merged.

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USC Health System Assembles New Leadership Team

A new leadership team is assembling at USC’s health system, with a chief executive and top execs at each of the system’s main hospital components named in the last two months.

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Fulgent Launches Home Covid Antibody Test

Temple City-based Fulgent Genetics Inc. has launched a home Covid test designed to detect specific antibodies that indicate the level of Covid immunity in individuals.

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Molina Healthcare Acquires Long-Term Care Business for $110M

Long Beach-based health insurance giant Molina Healthcare Inc. is deepening its reach into New York, the nation’s largest metro health market.

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Science 37 Plans to Double Workforce

Culver City-based Science 37 Inc., which completed its merger to go public through New York City-based blank check firm LifeSci Acquisition II Corp. earlier this month, recently began trading. Now, the medical research and technology company is already laying out ambitious plans for growth.

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LA Care Expands Mission to Address Physician Shortage, Housing for Homeless

L.A. Care Health Plan, the behemoth Westlake-based provider of health insurance that now covers nearly one in four L.A. County residents, has been broadening its reach, moving into a new market and tackling societal concerns.

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Xencor Inks Second Deal With Janssen Pharmaceuticals This Year

Monrovia-based biopharma company Xencor Inc. on Oct. 4 announced its second collaboration and license agreement with Janssen Biotech Inc. in 10 months — this one to develop and commercialize its drug candidate that stimulates T cells to treat certain types of lymphomas.

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Fulgent Wins Contract to Provide Covid-19 Tests to Students at Houston-Area Schools

The demand for Covid-19 testing isn’t slowing down, and Temple City-based Fulgent Genetics Inc. continues to answer the call.

Emanate Health Breaks Ground on New $125 Million Expansion

Covina-based hospital network Emanate Health has officially embarked on an ambitious $125 million facilities expansion program for its hospitals in the eastern San Gabriel Valley.

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Cedars-Sinai Embraces Flexibility in Roles, Benefits

2021 Largest Employers Special Report

Few of L.A.’s largest private-sector employers have had to deal with as many employment and workplace challenges over the last 18 months as Beverly Grove-based Cedars-Sinai Health System, which runs Cedars-Sinai Medical Center and more than 40 other medical facilities throughout the region.

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NovaSignal Raises $37M to Further Market Brain Blood Flow Monitoring Device Used to Detect Strokes

Rancho Park-based NovaSignal Corp., which makes technology to monitor blood flow inside the brain, announced Sept. 28 that it closed $37 million in a Series C1 funding round.

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