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Kuwait Investment Authority Invests In NantHealth

After BlackBerry, who is up next to join BlackBerry in the NantHealth? Kuwait Investment Authority (KIA) has joined into this investment. KIA is one of the world’s largest sovereign wealth funds, will be investing some $100 million in NantHealth.

The investment will be used by NantHealth to accelerate innovation that will enable better patient care and reduced costs – two key factors affecting health care today. The NantHealth Clinical Operating System (cOS), is the first operating system of its kind in healthcare that is based on supply chain principles and grid service oriented architecture that integrates the knowledge base with the delivery system and the payment system, enabling 21st century coordinated care at a lower cost.

Dr. Patrick Soon-Shiong, founder and CEO of NantHealth says:

We believe that evidence-based, molecularly driven medicine will be the cornerstone of future health care delivery. Delivery of 21st century, genomically informed care must be shared with the world. Partnering with KIA gives us the global scale to succeed in enhancing patient outcomes and better access to care through secure cloud-based, broadband networks. The United States is still the leader in the world in driving innovation in healthcare. The NantHealth platform enables the rapid sharing of breakthrough medicines and information with the rest of the developed and developing world – a Global Healthcare Cooperative, in which global communities rally together around a common cause of better health.

Mr. Bader Mohammad Al-Saad, Chief Executive Officer of the Kuwait Investment Authority says:

Our fund makes investments in companies which not only are the leaders in their field, but which also have the potential to make huge positive impact for multi-generations to come. NantHealth is such a company and we are pleased to be able to contribute to the global footprint of Dr. Soon-Shiong’s vision to improve the lives of humanity.

Are you guys still not buying this idea?

Category: News!

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