HEALTH: Revenue Needs, Market Trends Push Change
San Diego hospitals in the last few years boosted investment in modest freestanding centers for surgery, imaging and other services, vying for patients seeking convenience and lower costs.
Faced with finding a new executive for the local chapter of the nonprofit Better Business Bureau, chair Jonathan Gallagher and the leadership did the sensible thing by recruiting the highest functioning BBB executive they could find, CEO Matthew Fehling of the award-winning Greater Arizona chapter. At some point, they fielded a call asking them to consider a merger, which seemed out of the question until a few of them made a visit to check out what Fehling had going in Phoenix. They were blown away.
STARTUP: Incubator To Take 1% to 5% of Accepted Companies
EvoNexus, the startup incubator with offices in San Diego and Irvine, will require the next round of companies it admits to give up a stake in their business in exchange for EvoNexus’ services.
San Diego County developers are leading a national trend to build housing for senior citizens who need some level of care.
PROPERTY: Mixed-Use To be Transition Between Biz and Residential Areas
A vacant lot that was once a gas station, then a failed commercial development at the southern edge of Del Mar’s business district would become a mix of offices, retail shops, a possible restaurant and condominiums under a new proposal.
The U.S. Food and Drug Administration said it was reexamining San Diego-based Acadia Pharmaceuticals’ drug to treat hallucinations and delusions caused by Parkinson’s disease. The news was first reported by CNN on April 25.
The company said its quarterly earnings incurred $310 million in charges related to its $1 billion cost-cutting plan announced in January.
Since its start in 1992, JMI has invested in more than 130 businesses.
The online learning program uses an interactive video format to teach programming concepts.
GAMING: Jamul Casino Reported to Be In Default on Loan
Hollywood Casino Jamul-San Diego announced earlier this month that it was transitioning management from Penn National Gaming Inc. to Jamul Indian Village Development Corp. (JIVDC). The transition means the casino’s name will change to Jamul Casino.
New Fresh, Flavorful and Foodie-Oriented Dining Options Play to Diverse Appetites
Many of the biggest San Diego County casinos are in various stages of large scale expansions and renovations. For some casinos, this means updated dining options that appeal to fast casual, gourmet, and chef-driven food trends.
ACQUISITION: Price, Regulators Part of Obstacles to Going Private
Since Paul Jacobs said his goodbyes to shareholders and the board of directors during Qualcomm Inc.’s annual shareholders meeting in March, the company’s former CEO and chairman of the board has been relatively quiet.
TECH: Services Include Material Science and Failure Analysis
For the past 20 years, General Atomics’ Inertial Fusion Technology (IFT) Analytical Services Lab has been a well-kept secret in San Diego.
Items of interest about people in 2018 The San Diego 500, The Book of Influential Business Leaders:
Fewer San Diego companies received venture capital backing in the first quarter of the year but the total dollars raised were up compared to the same quarter the year prior.
Submission deadline is May 1.
Illumina reported $782 million in first quarter revenue, a 31 percent year-over-year increase, the company announced April 24.
Southwest Geophysics' services are intended to reduce explorative costs and assist in mitigating unexpected site conditions.