HEALTH CARE
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.
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.
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.
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.
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 Amazon.com Inc.
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.
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.
Molina Healthcare Awarded Nevada Medicaid Contract
Chalk up another contract win for Long Beach-based health insurance giant Molina Healthcare Inc.
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.
Ontrak Plots New Course After Losing Major Customers
This year has been a brutal one for Santa Monica-based Ontrak Inc.
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.
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.
Ontrak Loses Largest Customer
Behavioral health company Ontrak Inc. announced the loss of its second major customer this year.
Larry Ellison-Backed Cancer Institute Opens
A new cancer research institute has opened its doors on L.A.’s Westside.
Fulgent Reaches Deals With Cancer Testing Companies
Temple City-based genetic testing company Fulgent Genetics Inc. announced two deals with cancer testing companies.
