Verizon Makes Equity Investment in NantHealth, a Subsidiary of NantWorks Owned by Los Angeles Billionaire Dr. Patrick Soon-Shion
Posted Oct 25 2012 6:24pm
The undisclosed dollar amount investment from Verizon is to help develop a secure fiber-optic cloud based infrastructure for multi-media healthcare information, in other words secure information to and from mobile devices. The hope here is to stream x-rays and cat scan results to mobile devices. Just a couple weeks ago Dr. Soon-Shiong who made his $7 billion in wealth from the pharmaceutical companies he sold it was announced that his companies were also working with Blue Shield with using technology for genomic research where patients at risk will be monitored where ever they are…jury still out on that one as a model to where it works with the patient to not be intrusive or over done will certainly be needed as we can’t overwhelm consumers/patients with too much as otherwise nothing gets used. BD
NantHealth, a subsidiary of Dr. Patrick Soon-Shiong’s NantWorks , has received an unspecified equity investment from Verizon Communications, through the telecom’s Verizon Investment arm. Verizon will help NantHealth develop a secure fiber-optic, cloud-based data infrastructure to deliver multimedia healthcare information to mobile devices, according to the companies.