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Howard Fine

Stories by Howard

Pasadena Startup CarbonCapture Raises $35M, Hires CEO

Pasadena startup CarbonCapture Inc. secured $35 million in Series A financing and named veteran cleantech industry executive Adrian Corless chief executive.

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Advanced Air Seeks to Be One-Stop Shop for Private Aviation

In the world of private aviation, there are charter flight operators, a growing cadre of scheduled flight services, crew and maintenance suppliers, and operators of fuel depots at general aviation airports.

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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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Cadiz Shares Plunge as Company Reconfigures Water Transfer Plan

It’s been a rough and perplexing six weeks for shareholders of downtown-based water infrastructure development company Cadiz Inc.

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USC Viterbi Engineering School Receives New $14M Gift From USC Trustee Epstein

The USC Viterbi School of Engineering announced Oct. 11 that it has received a new $14 million gift from USC Trustee Daniel Epstein.

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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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LA-Area Airport Traffic Down as Covid Surges, Crew Shortages Slam Airlines

The rebound in air travel at local airports hit some turbulence in August with passenger counts down 7% from July thanks in part to the rapid spread of the delta variant of the coronavirus.

LA’s Life Sciences Sector Sees Growth in NIH Funding, Nears 100,000 Jobs

L.A.’s bioscience sector directly employs nearly 100,000 people and saw a 65% jump in National Institutes of Health research funding last year.

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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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Airport Commissioners Approve $6 Billion Plan to Improve LAX

The Los Angeles Board of Airport Commissioners voted Oct. 7 to recommend approval of the $6 billion Airfield Terminal Modernization Project.

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CarbonBuilt Raises $10 Million in Series A Funding for Its Eco-Friendly Concrete

Westwood-based startup CarbonBuilt Inc. has raised $10 million to further develop and market its technology that reduces carbon dioxide emissions by injecting the gas into concrete.

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Nolan Capital Acquires Paramount Water Treatment Contractor Apollo Technologies

Hermosa Beach-based Nolan Capital Inc., the family office of prominent private equity executive Peter Nolan, announced last week it has acquired Paramount-based water treatment services contractor Apollo Technologies Inc. for an undisclosed sum.

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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Clever Care Health Plan Raises $71 Million

Arcadia-based Clever Care Health Plan Inc., which specializes in supplemental Medicare coverage that includes both Western and Asian medicine, has raised $71 million in Series B financing, the company announced Sept. 22.

Foothill Gold Line Extension Paused as Funding Effort Dies in Legislature

A 3-mile extension of the Foothill Gold Line into San Bernardino County has been put on ice for at least another year as $550 million in funding for the project was dropped from a state surplus spending bill earlier this month.

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Metro Wraps $129 Million Willowbrook Station Makeover

One of the largest light rail station overhauls in the history of the Los Angeles County Metropolitan Transportation Authority recently wrapped up.

Tetra Tech Nabs Slice of $800 Million Federal Contract

Pasadena engineering and data analysis consulting company Tetra Tech Inc. has won a slice of an $800 million federal architectural and engineering services contract.

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How GoodRx Fended Off Amazon

GoodRx and its consumer-focused health care apps have managed to hold their own and even thrive despite an escalating threat from Inc.

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LA County Unemployment Rate Drops to 10.1%

But the county still has a long way to go to reach pre-pandemic payroll job levels.

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Herbalife Shares Plunge After Company Lowers Revenue Guidance

The company released lowered full-year revenue guidance due to lower-than-expected results from its distributor network.

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Korn Ferry Shatters Earning Records

Century City-based executive search and organizational consulting firm Korn Ferry last week posted record earnings for the second straight quarter.

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Senior Care Provider Scan Makes First Outside Investments

Long Beach-based Scan Group, best known for its Scan Health Plan that offers Medicare Advantage plans to seniors, has made its second investment in an outside health care company.

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Dermavant Closer to FDA Approval for Tapinarof

In a tale of two local biotech companies trying to develop drugs to treat skin conditions, one has passed a major milestone as it seeks Food and Drug Administration approval.

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Molina Healthcare Awarded Nevada Medicaid Contract

Chalk up another contract win for Long Beach-based health insurance giant Molina Healthcare Inc.

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Ontrak Plots New Course After Losing Major Customers

This year has been a brutal one for Santa Monica-based Ontrak Inc.

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Delta Surge Threatens Recovery at LA Airports

Just as airports start to match pre-pandemic levels of passenger traffic, they're bracing for another slowdown.

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LA Hospital Budgets Hit Again by Latest Covid Surge

Local hospitals are once again facing financial pressures as they scramble to maintain sufficient staff and convince people it’s safe to schedule surgeries.

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Pipeline Health Finds Success With Safety Net Model

Operating a system of hospitals that provide care for mostly low-income Medicaid patients in historically underserved communities can be challenging even in good times.

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State Approves Most of Proposed Edison Rate Hike

Southern California Edison executives were generally pleased with the state’s decision in early August to allow the utility to tap ratepayers to raise $6.9 billion in revenue this year, even though that was $730 million short of what Edison requested.

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Metro Moves Ahead With 2 Bids for Sepulveda Pass Project

In an unprecedented move, the Los Angeles County Metropolitan Transportation Authority has issued notices to two competing contract bidding teams to proceed on design and other preliminary work for a rail transit project through the Sepulveda Pass.

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Wealthiest Angelenos: Financial Players Get a Boost From Sector’s Gains

This year’s list features 16 billionaires with ties to the financial sector: “It’s a classic case of (those with) money making money."

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Mintie’s Air Cleaners Are in Demand Again

With Covid-19 driving new interest in indoor air quality, Mintie — which was recently acquired by a better capitalized industry player — could turn into more than a niche operation.

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L.A. County Unemployment Rate Drops to 10.4% in July

L.A. County’s unemployment rate dropped to 10.4% in July from 10.6% in June.

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Soon-Shiong Adds Top Science Role at ImmunityBio

Following a plunge in the share price of Culver City-based ImmunityBio Inc., company founder Patrick Soon-Shiong has resumed an active role in the company.

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Ontrak Loses Largest Customer

Behavioral health company Ontrak Inc. announced the loss of its second major customer this year.

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AECOM to Relocate Headquarters to Dallas

Infrastructure consulting giant AECOM will relocate its corporate headquarters to Dallas as of Oct. 1.

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Largest Private Companies: Pandemic Drives Volatile Revenue

The largest privately held companies in L.A. County have experienced revenue volatility as they grappled with the Covid-19 pandemic to varying degrees of success.

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Fulgent Reaches Deals With Cancer Testing Companies

Temple City-based genetic testing company Fulgent Genetics Inc. announced two deals with cancer testing companies.

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Larry Ellison-Backed Cancer Institute Opens

A new cancer research institute has opened its doors on L.A.’s Westside.

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City of Hope Acquires Cancer Treatment Medical Group

In one of its largest cancer treatment practice acquisitions to date, Duarte-based cancer research institution City of Hope has acquired Long Beach-based Pacific Shores.

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Rand Taps New Dean for Pardee Graduate School

Nancy Staudt, dean of Washington University’s School of Law, will head Rand Corp.’s Pardee Graduate School.

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LA Airport Traffic Nears Pre-Pandemic Levels

The rebound in travelers at local airports continued in June with passenger counts nearing two-thirds of pre-pandemic levels and cargo tonnage continuing to post record highs.

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Battery Maker Romeo Power Names New CEO

Battery maker Romeo Power Inc. has named Susan Brennan as chief executive and president.

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Heal Founders Raise $3.8 Million for New Digital Health Venture

The founders of telehealth company Get Heal Inc. have raised $3.8 million in seed funding toward the launch of a new digital health venture.

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Surf Air Mobility Enters Race for Green Air Travel

Hawthorne-based private air carrier Surf Air Mobility Corp. has embarked on an ambitious plan to grab the lead in the race to decarbonize air travel.

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Tetra Tech Acquires UK Consulting Firm

Pasadena-based consulting and engineering firm Tetra Tech Inc. has added to its British collection.

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Inspire Energy Acquired by Shell

It’s quite an ironic company exit.