Costa Mesa company offers up to $69...

Costa Mesa company offers up to $69 million in stock

Anna’s Linen Co., based in Costa Mesa, filed forms with the

Securities and Exchange Commission Thursday, announcing plans for an

initial public offering. The prospectus filed with the regulatory

agency indicated plans to offer up to $69 million worth of common

stock.

Anna’s Linen Co. is a chain of home furnishing stores with 182

shops in 12 states, according to a press release. The company,

founded in 1988, reported a net income of about $5.4 million for the

fiscal year that ended Jan. 30.

Valeant Pharmaceuticals reports increase in sales

Valeant Pharmaceuticals International, headquartered in Costa

Mesa, announced first quarter results Thursday.

The company reported an increase in sales compared with the first

three months of 2004, though the firm also experienced a greater loss

than during the same time period last year.

Valeant’s revenues during the first quarter of the year rose by

15% to $181.1 million. Product sales jumped 22% to $181.1 million.

The company’s reported net loss of $139.3 million for the first

quarter of 2005, exceeding its $13.6 million loss during the first

quarter of 2004.

Newport Beach company

reports rise in revenues

Nationwide Health Properties Inc., based in Newport Beach,

reported its first quarter 2005 results Wednesday. The company

announced an increase of revenues over last year’s first quarter

figures. Revenues climbed from about $41 million last year to about

$51.4 million.

Reported net income for the first quarter of 2005 was about $13.3

million. For the first three months of last year, that number was

about $14.6 million. The firm’s investments for the first quarter of

2005 totaled $65.2 million.

Nationwide Health Properties is a real estate investment trust

that owns long-term care facilities and senior housing. The firm does

not manage its properties.