Category: Finance

SCV firm Lundgren to oversee construction of new Bakersfield elementary school

SCV firm Lundgren to oversee construction of new Bakersfield elementary school

Lundgren Management last week won a construction management contract with the Bakersfield City School District. The Santa Clarita-based firm will oversee construction of a new elementary school next to Belle Terrace Park in east Bakersfield. The K-6 school will include a central administration and library building, four classroom buildings, a kitchen and cafeteria, and play...

Hasa Inc., Saugus-based water treatment firm, sold

Hasa Inc., Saugus-based water treatment firm, sold

Hasa Inc., a Saugus-based maked of water treatment products, has been sold to a Texas private equity firm. Founded in 1964 and expanded  by Don Wilson, Hasa is a leading producer and distributor of sodium hypochlorite and other products used to maintain water systems, including swimming pools, water tanks and containment vessels. “Over its 50-plus...

SetPoint Medical raises $30 million in equity financing

SetPoint Medical raises $30 million in equity financing

SetPoint Medical, a Valencia-based biomedical technology company developing a bioelectronic therapy for chronic inflammatory diseases, has secured $30 million in Series D equity financing. The funding will help SetPoint Series advance clinical development of its bioelectronic therapy for rheumatoid arthritis and other chronic, debilitating inflammatory diseases. “We are grateful for the strong support from our...

SCVEDC visits Hong Kong to promote international investment in SCV

SCVEDC visits Hong Kong to promote international investment in SCV

As part of its ongoing effort to promote international investment into the Santa Clarita Valley (SCV), and to facilitate export opportunities for SCV companies, SCVEDC President & CEO Holly Schroeder recently traveled to Hong Kong.  This was SCVEDC’s first return to Hong Kong since 2014 when it joined then-Supervisor Michael D. Antonovich for a Chinese...

EARNINGS ROUNDUP

EARNINGS ROUNDUP

Five Point Holdings Five Point Holdings, owner and developer of Newhall Ranch and other mixed-use master-planned communities in coastal California, reported second quarter 2017 financial results on Aug. 10. “We are pleased to release our first earnings report as a public company,” said Emile Haddad, Five Point’s chairman and CEO, in a statement. “We are...

Mission Valley Bancorp reports record first-half results

Mission Valley Bancorp reports record first-half results

Mission Valley Bancorp reported net income of $2.2 million for the first half of 2017, which the company said is its strongest-ever mid-year results. “I am pleased to share that Mission Valley Bancorp has once again achieved a record high for the first half of the year, reaching net income of $2,213,000, a 38.05% increase...

Bank of Santa Clarita reports record earnings

Bank of Santa Clarita reports record earnings

Bank of Santa Clarita reported record earnings for the first half of 2017, with net earnings up 40 percent to $909,000 from the same period a year ago. The bank reported that total loans grew to $215.2 million during the first half of 2017, and continues to have excellent credit quality in its loan portfolio,...

Med Tech Solutions buys Constellation’s IT unit

Med Tech Solutions buys Constellation’s IT unit

Med Tech Solutions, a Valencia-based health care cloud computing company, has acquired the health information technology business unit of Constellation Inc. In a statement, MTS said the move will help the company better serve its clients and promote continued growth. Constellation has a base of operations in Minneapolis, so the acquisition is expected to help...

CFO Profile: Bob Hudson, Henry Mayo Newhall Hospital

CFO Profile: Bob Hudson, Henry Mayo Newhall Hospital

After serving as chief financial officer of Henry Mayo Newhall Hospital since 2001, Charlie Robert (Bob) Hudson retired at the end of June. Hudson’s career in healthcare financial management included consulting stints up and down California, with KPMG and Ernst and Whinney, and management positions with medical groups and hospitals. At Henry Mayo, Hudson was...

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