IPO for NantHealth coming this year

One more deal left to accomplish
By Erin McCann
11:15 AM
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Patrick Soon-Shiong, MD

Patrick Soon-Shiong, businessman, surgeon, scientist and founder of health IT company NantHealth announced he plans to take the company public by the end of the year. 

"We feel we have one or two transactions to accomplish, then we will initiate the public offering that we anticipate will happen probably within this year," Soon-Shiong told the Los Angeles Times.

[See also: The man against meaningful use and MU creates 'medical bridges to nowhere'.]

One of those transactions, according to a June 30 company release, includes EHR giant Allscripts purchasing a 10 percent equity stake in NantHealth for a total of $200 million in cash. As part of the commercial agreement, NantHealth has also made a $100 million investment in Allscripts.

The health IT company is aimed at solving the interoperability crisis and also promises to take genomics and clinical decision support to a new level. 

This story first appeared in Healthcare IT News' sister site mHealth News. To read the rest of the story, visit the site here