Healthcare billionaire Patrick Soon-Shiong, MD, will delay the IPO of his digital health startup NantHealth until market conditions improve. Soon-Shiong explains, “We’re basically ready. The problem is, we don’t want to go out in the current market. There is no reason for us to go out there in a bear market.”
The Boston Globe covers Partners Healthcare’s sale of GeneInsight, its home-grown gene analysis software, to Sunquest Information Systems.
LabMD sues three FTC lawyers after being driven out of business over the agency’s poorly-investigated data privacy accusations. The case against LabMD was eventually thrown out by a DC judge and the now-defunct business is suing the FTC’s lawyers for “bringing a case based on fictional evidence.”
47-bed Samaritan Healthcare (WA) will implement Epic at a cost of $12 million. CFO Paul Ishizuka notes that the total cost is “magnitudes higher” than the hospital had spent on previous systems, but explains that interoperability across inpatient, ambulatory, and other health systems was the ultimate objective.