Kuwait Investment Authority Invests $100 Million in Healthcare IT Company

KIA

Bader Mohammad Al-Sa’ad, Managing Director, Kuwait Investment Authority

The Kuwait Investment Authority (KIA) has invested US$ 100 million in Culver City-based NantHealth LLC which is part of the NantWorks family of companies. NantHealth is a cloud-based healthcare information technology company. A key company product is the NantHealth Clinical Operating System (cOS). The NantHealth platform has been installed at around 260 hospitals. According to the CEO of NantHealth, the sovereign wealth fund investment allows the company the possibility to globally scale the product.

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.”

BlackBerry Deal

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.



Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute


 
institutional investor investment mandates