Oct. 28--Orange County leads the Southern California medical devices industry, according to an economic impact report recently published by Biocom, a San Diego-based trade association for the region's life science industry. The report includes Orange, Riverside, San Diego, and Imperial counties, covering firms that research, develop, manufacture and distribute medical, dental and biological products.
Biocom estimates that O.C.'s broader life sciences industry is responsible for $27.3 billion of annual economic activity, which includes wages, material purchases and vendor expenditures, as well as the money that industry workers spend on local businesses. In all of Southern California, that industry generates $76.4 billion, according to Biocom's math.
San Diego topped the charts in four of the five sectors the study explored, based on federal classification standards. Orange County dominated the medical devices field. "Orange County's strength in the device and diagnostics area is an area that you can't deny," said Jennifer Landress, Biocom's senior vice president and chief operating officer.
According to the report:
-- The average salary of a medical device worker in Orange County is $120,687, which is 22 percent higher than San Diego's average of $98,917.
-- The O.C. medical device industry generated $5.3 billion in economic activity last year, accounting for more than half of the $9.5 billion brought in by the region.
-- O.C. led the region in medical device employment. The report says that "60 percent of the medical device and diagnostics sector jobs in the region are spread across 139 establishments in Orange County alone."
On the move
Robert Ward is now vice president of international business development at OleumTech, an Irvine maker of wireless industrial automation systems. He previously worked at Schneider Electric, where he was director of upstream oil and gas business development.
Digital Offering, an investment bank in Newport Beach, appointed Mark Tobin as managing director of its industrial growth and clean technology practice. Tobin is also co-founder and managing partner of Tobin Tao & Company, a market research, advisory and investor relations firm.
Donika A. Schnell joins Opus Bank, a commercial bank based in Irvine, as senior managing director and co-head of health care banking. Schnell previously worked at BBVA Compass Bank, where she served as senior vice president of health care commercial banking.
R.D. Olson Construction, a commercial developer based in Irvine, started construction on The Bicycle Casino Hotel in Bell Gardens. The seven-story, 117,907-square-foot, 110-room luxury hotel is planned for completion in 2015. The architect for the $45 million project is Lee & Sakahara Architects of Irvine.
CleanTech OC, a clean technology trade association, launched the Orange County Sustainability Council, a group that will work to help businesses and organizations become more energy-efficient by studying sustainability issues that include sustainability measurement, raw materials sources, executive roles, regulatory concerns and marketing issues.
ClearLight Partners, a private equity firm in Newport Beach, acquired a significant ownership interest in Taymax Fitness LLC, a franchisee of the Planet Fitness health club franchise. Terms of the deal were not disclosed.
Noble Consultants Inc., an Irvine engineering firm, was acquired by G.E.C. Inc., a consulting and engineering firm headquartered in Baton Rouge, La. for an undisclosed amount. The California operations, which include a Novato office, will retain the Noble name and Noble president Ronald M. Noble will keep his title.
Kathleen Luppi of the Register staff contributed to this report.
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