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.
 | |
| Company type | Public |
|---|---|
| Industry | Healthcare |
| Founded | 2007 |
| Founder | Patrick Soon-Shiong |
Key people | |
| Revenue |  US$95.961 million (2019)[1] |
| US$57.539 million (2019)[1] | |
 US$62.762 million (2019)[1] | |
| Total assets |  US$266.487 million (2019)[1] |
| Total equity | US$323.623 million (2019)[1] |
Number of employees | 340 (2021)[2] |
| Website | www |
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
edit- ^ a b c d e "NantHealth Annual Report (Form 10-K)". last10k.com. U.S. Securities and Exchange Commission. February 28, 2020.
- ^ a b "NantHealth Annual Report (Form 10-K) 2021". sec.gov. U.S. Securities and Exchange Commission. February 24, 2022.
- ^ "NantHealth Investment deal paves way for IPO". Los Angeles Times. July 2015. Retrieved 1 July 2015.
- ^ "BlackBerry Invests in NantHealth for Integrated End-To-End Healthcare Solutions". Retrieved 5 February 2015.
- ^ "Soon-Shiong's NantHealth Raises $250 Million From Kuwait Fund". October 2014. Retrieved 5 February 2015.
- ^ "Celgene Makes Landmark Investment in NantHealth to Advance Groudbreaking Cancer Research for Patients". Retrieved 5 February 2015.
- ^ "Verizon invests in NantHealth to deliver mobile clinical data". 24 October 2012. Retrieved 5 February 2015.
- ^ "Can Patrick Soon-Shiong, The World's Richest Doctor, Fix Health Care?". Forbes. Retrieved 5 February 2015.
- ^ "Disrupting Cancer". CBS News. 7 December 2014. Archived from the original on October 30, 2020. Retrieved 5 February 2015.
- ^ "NantHealth Signs Distribution Deal for GPS Cancer in Southeast Asia". GenomeWeb. Retrieved 2018-10-23.
- ^ "8-K". www.sec.gov. Retrieved 2019-02-09.
- ^ "NH : Summary for NantHealth, Inc. - Yahoo Finance". finance.yahoo.com. Retrieved 2019-02-09.
- ^ "NantHealth Announces 1-for-15 Reverse Stock Split". finance.yahoo.com. Retrieved 2023-02-02.
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