The market for health care in the Southland has never been more robust.
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, 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 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.
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 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 Co., a publicly traded pioneer of implantable contact lenses, has moved from its long-time headquarters in Monrovia to Orange County.
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.
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.
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.
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 Inc., a biotechnology company based in Torrance, raised $2.6 million in securities, according to an April 1 filing.
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.
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 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.