Kuwait Investment Authority Invests $100 Million in Healthcare IT Company
In a press release, Bader Mohammad Al-Saad, Chief Executive Officer of the Kuwait Investment Authority said, “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.”
The mobile market has become intensely competitive for the Canadian company. Earlier in 2014, NantHealth inked a deal with smartphone maker BlackBerry. BlackBerry is pivoting toward its enterprise market in regulated industries such as government, healthcare and financial services. The integration of proprietary applications like NantHealth could make BlackBerry sticky for medical professionals.
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