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Montecito Bank & Trust
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LTC Properties beat first quarter revenue estimates

By   /  Tuesday, May 3rd, 2016  /  Earnings, Health Care, Latest news, Real Estate, Tri-County Public Companies  /  Comments Off on LTC Properties beat first quarter revenue estimates

Westlake Village-based LTC Properties beat analyst projections of revenue and funds from operations in its 2016 first quarter earnings report. The publicly traded real estate and investment trust earned $31.88 million in revenue, up from $26.68 million in the first quarter of 2015, surpassing analyst projections by $820,000. LTC Properties funds from operations per common share Read More →

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UCLA Health Services buys medical office building in Thousand Oaks

By   /  Friday, April 29th, 2016  /  East Ventura County, Health Care, Latest news, Real Estate  /  Comments Off on UCLA Health Services buys medical office building in Thousand Oaks

The UCLA Board of Regents has paid more than $10 million to buy a medical office building from TR Funding, LLC, of Westlake Village that houses UCLA Health Services at 100 Moody Court in Thousand Oaks. The 23,614-square-foot building has been home to a UCLA Health medical clinic since 2013, offering primary and specialty care Read More →

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Amgen exceeds Wall Street expectations for first quarter earnings

By   /  Thursday, April 28th, 2016  /  Earnings, Health Care, Latest news, Tri-County Public Companies  /  Comments Off on Amgen exceeds Wall Street expectations for first quarter earnings

Amgen blew away Wall Street expectations and raised its 2016 guidance when it released first quarter earnings April 28. The Thousand Oaks biotech giant had profits of $2.2 billion, up from $1.91 billion during the same quarter last year. Revenues of $5.53 billion were also up from $5 billion in 2015 and surpassed analyst estimates Read More →

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Acelot’s software finds new drug combinations

By   /  Friday, April 8th, 2016  /  Health Care, Latest news, Technology  /  Comments Off on Acelot’s software finds new drug combinations

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Templeton psychiatric, memory care facility OK’d

By   /  Friday, April 8th, 2016  /  Health Care, middle  /  Comments Off on Templeton psychiatric, memory care facility OK’d

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St. John’s Pleasant Valley Hospital gets $5 million donation

By   /  Friday, April 1st, 2016  /  Health Care, Latest news  /  Comments Off on St. John’s Pleasant Valley Hospital gets $5 million donation

St. John’s Pleasant Valley Hospital in Camarillo received a $5 million donation from an anonymous philanthropist that will establish a new surgical suite consisting of three operating rooms and a family waiting area. The donation is the largest in the hospital’s 42-year history. “We are extremely grateful to receive this extraordinary gift,” said Darren Lee, Read More →

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Study results positive for drug Amgen developing to treat osteoporosis

By   /  Monday, March 21st, 2016  /  Health Care, Latest news  /  Comments Off on Study results positive for drug Amgen developing to treat osteoporosis

Thousand Oaks-based biotech giant Amgen and Brussels, Belgium-based UCB announced positive results in a Phase 3 trial of romosozumab, an antibody designed to treat osteoporosis. The drug works by inhibiting a protein which results in increased bone formation and decreased bone breakdown. However, the drug is not approved by any regulatory authority for use to Read More →

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