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NantHealth Shrinks Workforce by One-Third, Sells Some Assets

06:12 EDT 11 Aug 2017 | Genetic Engineering News

NantHealth, the personalized healthcare company founded by Patrick Soon-Shiong, M.D., said it will cut about one-third of its workforce—300 jobs—through layoffs and transfers of employees to one of its investors, Allscripts Healthcare Solutions, which will buy some of the company’s assets. NantHealth did not say how many of the employees would be laid off, though a published report claimed that number would be about 130, with the rest transferring to Allscripts. As of December 31, 2016, NantHealth had 922 full-time employees in the U.S., Canada, the U.K. (including Great Britain and Ireland), Singapore, and India, according to its Form 10-K annual report for 2016, filed March 31. That staff included “446 associates in operations, including engineering, 13 in product management, 226 in client services, 83 serving in a clinical function, 70 in sales and business development, and 84 in general and administrative functions.” The job cuts ...

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