NantHealth Gets Funding From Verizon

Los Angeles-based NanHealth, the subsidiary of NantWorks, the incubator of LA billionaire Dr. Patrick Soon-Shiong, has scored an investment from Verizon Investments, the investment arm of Verizon Communications. Size of the funding was not disclosed. NanHealth said it will use the funding to "accelerate innovation" at the company. NantHealth is looking to provide advanced, next-generation healthcare services by using fiber networks, cloud computing, and wireless technology. The firm was founded by Soon-Shiong, and is just one of a large number of companies Soon-Shiong has wrapped into NantWork in the last couple of years. NantHealth says it is aiming to acceleate innovation to enable better patient care and reduce healthcare costs. More information »