Yuika Yoshida

Aliso Viejo

Reporter at Orange County Business Journal

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Articles

5 Family-Owned Firms Recognized by OCBJ

1 week ago | ocbj.com | Yuika Yoshida

Part of running a family-owned business is not sacrificing quality for growth, according to Alan Fuerstman, founder, chairman and chief executive of Montage International. It was a fitting message that was delivered alongside his son Michael Fuerstman, co-founder and creative director of Montage’s boutique spinoff brand Pendry Hotels & Resorts.
Replenysh Raises $8M in Series A Round

1 week ago | ocbj.com | Yuika Yoshida

Replenysh closed on an $8 million Series A round to build what it’s calling a “circular economy.”The Costa Mesa-based startup developed a digital platform where businesses such as bars, restaurants and hotels can ensure their recyclables go to a recycling center and not a landfill. The biggest problem to recycling, according to the company, is that only 10% of plastics are actually recycled.
Keck Medicine Opens Cancer Clinic in Newport Beach

1 week ago | ocbj.com | Yuika Yoshida

USC Norris Comprehensive Cancer Center, part of Keck Medicine of USC, has opened a state-of-the-art radiation oncology and imaging center in Newport Beach. The new location will add radiation therapy services to its existing medical oncology locations in Newport Beach and Irvine for “more seamless care,” according to Keck Medicine Chief Executive Rodd Hanners.
Family-Owned Businesses Honored at Business Journal Event

2 weeks ago | ocbj.com | Yuika Yoshida

The Business Journal honored five companies at its 26th annual Family-Owned Business Awards on June 12. The event, which had 300 guests in attendance, featured keynote speakers Alan Fuerstman, Montage International chief executive, and his son Michael Fuerstman, co-founder of the Pendry Hotels & Resorts. The five winners ranged in industries from commercial construction to technology.
Masimo COO to Resign

2 weeks ago | ocbj.com | Yuika Yoshida

Masimo Corp. Chief Operating Officer Bilal Muhsin is set to resign, effective July 1. Muhsin informed the board of his decision to resign on June 6, citing he was resigning “to pursue other opportunities,” according to regulatory filings. Masimo said it doesn’t plan to replace him at this time. Muhsin last year told the board of his intention to resign if Joe Kiani was removed as chairman.
Westcliff University Expands Internationally

2 weeks ago | ocbj.com | Yuika Yoshida

Irvine-based Westcliff University today announced that it’s establishing its first international campus in Toronto, Canada. The school said it chose Toronto due to the high demand for skilled IT professionals in the region. “Toronto is a recognized force in global technological innovation, and our institution is honored to support its impressive trajectory,” Westcliff CEO and President Dr. Anthony Lee said in a statement.
Alliant Insurance Surpasses $5B in Sales

2 weeks ago | ocbj.com | Yuika Yoshida

Last year, Alliant Insurance Services Inc. was eyeing $5 billion in sales. The Irvine-based company surpassed this goal with revenue growing nearly 30% to $5.1 billion for 2024. “We’ve had very high caliber industry talent leave brokers from all over the United States join us,” Chief Operating Officer Peter Carpenter told the Business Journal.
New Masimo CEO Katie Szyman Reveals Personal Ties to Device Maker

2 weeks ago | ocbj.com | Yuika Yoshida

Katie Szyman says her move to lead Masimo Corp. in February was as much of a surprise to her as it was to everyone else. Six months prior, she became worldwide president of BD Advanced Patient Monitoring, the former Critical Care unit of Edwards Lifesciences Corp. that was acquired by Becton, Dickinson and Co. for $4.2 billion. “I was very happy there, and it was going very well,” Szyman, chief executive of Masimo, told the Business Journal.
Alcon Gets First FDA Approval Since Novartis Spinoff

2 weeks ago | ocbj.com | Yuika Yoshida

Alcon Inc. has received its first Food and Drug Administration approval since its spinoff from Swiss medical giant Novartis in 2019. Last month, the FDA cleared the company’s Tryptyr ophthalmic solution. “We look forward to making this new treatment available to millions of patients affected by dry eye disease,” Alcon Chief Executive David Endicott said in a statement.
OC’s Largest Private Cos. Report 6% Increase in Sales

2 weeks ago | ocbj.com | Yuika Yoshida

Orange County’s largest private companies experienced continued growth last year, primarily driven by mergers and acquisitions. The 33 companies on the Business Journal’s annual list reported a 6% increase in revenue to $110.3 billion in 2024. That compares to a 4.5% increase in 2023 and a 1.4% increase in 2022. Perennial No. 1 Irvine-based Allied Universal, the world’s largest private security firm, reported a 4.9% increase to $21.7 billion.