NantHealth
Software solutions company in the healthcare industry
From Wikipedia, the free encyclopedia
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]
