HEALTH CARE
Health Care Special Report
The market for health care in the Southland has never been more robust.
Kindred Healthcare Buys Promise Hospital in Los Angeles
Promise Hospital of East Los Angeles has been purchased by Louisville-based Kindred Healthcare, a healthcare services company that operates long-term acute-care hospitals and provides rehabilitation services across the United States.
Biocom Names Dina Lozofsky to Los Angeles County Governing Board
Biocom, the San Diego-based trade group representing the life science industry of California, named Dina Lozofsky to the governing board of BioLA, a Los Angeles County group that focuses on creating jobs, driving economic development and accelerating startup activity.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
