Southern California billionaire Patrick Soon-Shiong said he plans to offer shares in his healthcare company to the public by the end of this year – fueled by a big investment from an electronic medical records firm.
Allscripts Healthcare Solutions Inc. disclosed Tuesday that it would pay $200 million for a 10% stake in Soon-Shiong's NantHealth firm, valuing it 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 seeks to combine medical data and patients’ genetic information to find individualized cancer treatment.