Thursday, July 6, 2017

NantWorks Buys Its Own Healthcare System, Integrity Healthcare

Los Angeles-based NantWorks, the umbrella company managing the investments of billionaire Dr. Patrick Soon-Shiong, said on Wednesday that it has acquired the majority stake in Integrity Healthcare, which manages the Verity Health System. Verify Health Systems is a nonprofit, healthcare system which owns such hospitals as St. Francis Medical Center in Lynwood and St. Vincent Medical Center in Los Angeles, plus O'Connor Hospital in San Jose, St. Louise Regional Hospital in Gilroy, Seton Medical Center in Daly City and Seton Coastside in Moss Beach. Financial details of the acquisition were not announced. Integrity Healthcare was previously owned by Blue Mountain, which will maintain a minority interest in Integrity. Verity Health has more than 6,000 staff in California, and 1,650 inpatient beds, plus six emergency rooms and a trauma center.