Patrick Soon-Shiong

NantHealth investment deal paves way for IPO

NantHealth investment deal paves way for IPO

Los Angeles billionaire Patrick Soon-Shiong said he plans a public stock offering for his healthcare company by year's end, fueled by a big investment from an electronic medical records firm. Allscripts Healthcare Solutions Inc. disclosed Tuesday that it would pay $200million for a 10% stake in Soon-Shiong's Nant- Health, valuing the firm at $2 billion. Soon-Shiong is also investing $100 million of his personal wealth in Allscripts, which is based in Chicago. The financial investments strengthen the partnership between the two companies, Soon-Shiong said. NantHealth of Culver City says it will combine medical data and patients' genetic information to find individualized...