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Market Watch | July 11, 2017

NantWorks To Take Over St. Vincent & Five Other California Hospitals

NantWorks, the pharmaceutical company owned by Dr. Patrick Soon-Shiong, has taken over six California hospitals. Among those six hospitals is St. Vincent Medical Center, the first hospital ever founded in Los Angelas.

The acquisition of the hospitals - Dr. Soon-Siong's first business venture into direct patient care -  comes through NantWorks' recent acquirement of a controlling stake in Integrity Healthcare, which took over the hospitals in 2015. It is believed that the new acquisition of the hospitals could create opportunities for some of Dr. Soon-Shiong's struggling product initiatives to receive more orders in the future.

NantWorks is . . .

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