Tuesday, January 5, 2016
NantWorks, NantHealth Buy NaviNet
Los Angeles-based NantWorks, and its subsidiary, NantHealth, said this morning that they have acquired NaviNet, a healthcare technology company providing payer-provider collaboration software. Financial terms of the acquisition were not announced. NantWorks called the acquisition its "most significant acquisition to date", and said that the deal was backed by NantVentures, its private equity arm. NaviNet provides services to such customers as Blue Cross Blue Shield, Aetna, Cigna, and others, providing software for insurance verification and claims management. NantWorks is the umbrella organization run by billionaire Patrick Soon Shiong, aimed at massively advancing healthcare technology.