NantHealth, Inc.
Company typePublic
IndustryHealthcare
Founded2007; 17 years ago (2007)
FounderPatrick Soon-Shiong
Key people
Patrick Soon-Shiong (CEO)
Paul Holt (CFO)
RevenueIncrease US$95.961 million (2019)[1]
Increase US$57.539 million (2019)[1]
Negative increase US$62.762 million (2019)[1]
Total assetsDecrease US$266.487 million (2019)[1]
Total equityDecrease US$323.623 million (2019)[1]
Number of employees
340 (2021)[2]
Websitewww.nanthealth.com

NantHealth, Inc. is a provider of software solutions for the healthcare industry, including NaviNet for insurance companies and decision support systems targeted at healthcare. The publicly traded company is headquartered in Winterville, North Carolina.

The company was founded by Patrick Soon-Shiong. His investment portfolio NantWorks controlled 62% of the voting shares of NantHealth at the end of 2021.[2] Other notable early investors included Allscripts,[3] BlackBerry,[4] Kuwait Investment Authority,[5] Celgene,[6] and Verizon.[7]

In September 2014, NantHealth was featured as the cover story in Forbes Magazine, which estimated NantHealth's market capitalization at $1.6 billion.[8] In December 2014, NantHealth was featured on 60 Minutes by Sanjay Gupta.[9] In August 2017, NantHealth signed a distribution agreement for GPS Cancer with Asia Genomics.[10]

In January 2019, NantHealth received a delisting warning from Nasdaq "because the Company’s common stock failed to maintain a minimum closing bid price of $1.00 for 30 consecutive business days."[11] At the time, the market value of the company was approximately $57m.[12] The company made a 1-for-15 reverse stock split in December, 2022.[13]

References

  1. ^ a b c d e "NantHealth Annual Report (Form 10-K)". last10k.com. U.S. Securities and Exchange Commission. February 28, 2020.
  2. ^ a b "NantHealth Annual Report (Form 10-K) 2021". sec.gov. U.S. Securities and Exchange Commission. February 24, 2022.
  3. ^ "NantHealth Investment deal paves way for IPO". Los Angeles Times. July 2015. Retrieved 1 July 2015.
  4. ^ "BlackBerry Invests in NantHealth for Integrated End-To-End Healthcare Solutions". Retrieved 5 February 2015.
  5. ^ "Soon-Shiong's NantHealth Raises $250 Million From Kuwait Fund". October 2014. Retrieved 5 February 2015.
  6. ^ "Celgene Makes Landmark Investment in NantHealth to Advance Groudbreaking Cancer Research for Patients". Retrieved 5 February 2015.
  7. ^ "Verizon invests in NantHealth to deliver mobile clinical data". 24 October 2012. Retrieved 5 February 2015.
  8. ^ "Can Patrick Soon-Shiong, The World's Richest Doctor, Fix Health Care?". Forbes. Retrieved 5 February 2015.
  9. ^ "Disrupting Cancer". CBS News. 7 December 2014. Archived from the original on October 30, 2020. Retrieved 5 February 2015.
  10. ^ "NantHealth Signs Distribution Deal for GPS Cancer in Southeast Asia". GenomeWeb. Retrieved 2018-10-23.
  11. ^ "8-K". www.sec.gov. Retrieved 2019-02-09.
  12. ^ "NH : Summary for NantHealth, Inc. - Yahoo Finance". finance.yahoo.com. Retrieved 2019-02-09.
  13. ^ "NantHealth Announces 1-for-15 Reverse Stock Split". finance.yahoo.com. Retrieved 2023-02-02.
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