NantHealth, Inc. (NH) Bundle
A Brief History of NantHealth, Inc. (NH)
Founding and Early Development
NantHealth, Inc. was founded in 2010 by Dr. Patrick Soon-Shiong, a prominent physician and entrepreneur. The company was established with the goal of transforming healthcare through advanced technology and data analytics.
Initial Public Offering (IPO)
NantHealth went public on November 23, 2015, with an initial offering price of $14.00 per share. The company raised approximately $130 million during the IPO, which was utilized to enhance research and development capabilities.
| Year | Event | Financial Impact |
|---|---|---|
| 2010 | Foundation of NantHealth | N/A |
| 2015 | IPO Launch | Raised $130 million |
| 2016 | Acquisition of NantOmics | $30 million |
| 2020 | Partnership with the U.S. Department of Health and Human Services | N/A |
| 2021 | Revenue Report | $45 million |
Technological Innovations
NantHealth has introduced several advanced technologies aimed at improving patient outcomes, including the NantOS platform, an integrated operating system for healthcare. In 2016, the company launched the NantCloud, a cloud-based platform that enables secure data sharing and analytics.
Strategic Partnerships
The company has engaged in multiple strategic partnerships to expand its reach and capabilities:
- In 2017, NantHealth partnered with the American Society of Clinical Oncology (ASCO) to enhance cancer care.
- In 2019, a collaboration was formed with the University of California, Los Angeles (UCLA) to further advanced genomic medicine.
- NantHealth entered into a partnership with various pharmaceutical companies to support precision medicine initiatives.
Financial Performance
As of 2022, NantHealth reported revenues of approximately $50 million, showing a growth trajectory despite challenges in the healthcare sector. The company continues to focus on expanding its market presence and developing innovative solutions.
| Year | Revenue (in millions) | Net Income (in millions) |
|---|---|---|
| 2018 | $35 | -$20 |
| 2019 | $37 | -$15 |
| 2020 | $42 | -$10 |
| 2021 | $45 | -$5 |
| 2022 | $50 | $0 |
Current Market Position
As of October 2023, NantHealth's stock price is approximately $7.50 per share, with a market capitalization of around $300 million. The company operates in the highly competitive healthcare technology market, focusing on personalized treatment solutions and data-driven outcomes.
Future Outlook
NantHealth aims to expand its product offerings in precision medicine and enhance its technology platforms. The company anticipates continued growth driven by strategic partnerships and advancements in healthcare technology.
A Who Owns NantHealth, Inc. (NH)
Overview of NantHealth, Inc.
NantHealth, Inc. (NH) is a healthcare technology company focused on providing innovative solutions to enhance patient care through the use of data and technology.
Current Ownership Structure
The ownership of NantHealth, Inc. is comprised of various stakeholders, including institutional investors, individual shareholders, and company executives. As of the latest filings, the following data reflects the ownership distribution:
| Shareholder Type | Percentage Ownership | Number of Shares |
|---|---|---|
| Institutional Investors | 45.2% | 22,650,000 |
| Insiders | 5.8% | 2,900,000 |
| Retail Investors | 49.0% | 24,500,000 |
Major Institutional Investors
Several major institutional investors hold significant stakes in NantHealth, which influences the company's governance and strategic decisions. The largest institutional shareholders include:
| Institution | Ownership Percentage | Number of Shares |
|---|---|---|
| The Vanguard Group, Inc. | 9.1% | 4,550,000 |
| BlackRock, Inc. | 8.5% | 4,250,000 |
| State Street Global Advisors | 7.3% | 3,650,000 |
Executive Leadership and Insider Ownership
Insider ownership is pertinent for assessing alignment between management and shareholder interests. Key executives of NantHealth and their ownership stakes include:
| Executive | Title | Shares Owned |
|---|---|---|
| Dr. Patrick Soon-Shiong | Chairman & CEO | 1,500,000 |
| Mark J. A. H. Wiggins | President & COO | 700,000 |
| Lisa D. Johnson | CFO | 400,000 |
Shareholder Activism
There has been a recent trend of shareholder activism associated with NantHealth. Shareholder proposals included:
- Request for increased transparency in financial reporting.
- Proposals for better governance practices.
- Call for a change in executive compensation structure.
Recent Market Performance
The performance of NantHealth on the stock market has exhibited volatility, with key financial metrics as follows:
| Metric | Q3 2023 | Q2 2023 |
|---|---|---|
| Stock Price | $3.10 | $3.50 |
| Market Capitalization | $156 million | $170 million |
| Revenue | $40 million | $38 million |
Future Ownership Changes
Anticipated changes in ownership may arise from upcoming funding rounds or mergers and acquisitions, which could significantly affect the current ownership structure.
NantHealth, Inc. (NH) Mission Statement
Corporate Mission
Corporate Mission
NantHealth, Inc., a leader in healthcare technology, aims to transform patient care through innovative solutions that integrate clinical and genomic data to provide personalized medicine. The company focuses on enhancing the quality of life for patients while enabling healthcare providers to make informed decisions based on accurate data.
Core Values
- Innovation: Continually seeks new ways to improve healthcare delivery.
- Integrity: Upholds the highest ethical standards in all operations.
- Collaboration: Works closely with healthcare providers and institutions.
- Patient-Centricity: Puts the needs of patients at the forefront.
Recent Financial Overview
NantHealth, Inc.'s financial performance reflects its ongoing commitment to growth in the healthcare sector. Key financial figures are highlighted below:
| Metric | Q2 2023 Amount | Q1 2023 Amount | Year-over-Year Growth |
|---|---|---|---|
| Revenue | $19.5 million | $18.7 million | 5% increase |
| Net Loss | ($6.3 million) | ($7.0 million) | 10% improvement |
| Operating Expenses | $25.1 million | $24.8 million | 1% increase |
| Cash Position | $15.4 million | $14.8 million | 4% increase |
Strategic Initiatives
NantHealth is focused on various strategic initiatives to strengthen its market position and enhance its mission:
- Launching new software solutions that integrate patient data more effectively.
- Partnerships with major healthcare providers to expand reach.
- Investment in R&D to improve genomic testing capabilities.
- Enhancing customer support services to improve user experience.
Market Impact
The company’s impact on the healthcare sector can be illustrated through various metrics:
| Impact Metric | Value |
|---|---|
| Patients Served | Over 1.5 million |
| Healthcare Providers Engaged | Approximately 2,200 |
| Innovation Index Score | 88/100 |
| Partnerships Created | 50+ |
Commitment to Technology
NantHealth invests heavily in technology to ensure the reliable delivery of healthcare solutions. The current allocation of resources is as follows:
| Technology Investment Area | Q2 2023 Investment |
|---|---|
| Research & Development | $8 million |
| Infrastructure Upgrade | $4 million |
| Software Development | $3 million |
| Training & Support | $2 million |
Future Goals
NantHealth sets ambitious future goals to further its mission:
- Expand its user base by 20% over the next fiscal year.
- Enhance product offerings to include AI-driven analytics by 2024.
- Seek additional partnerships with academic institutions for research collaboration.
- Achieve breakeven profitability by the end of 2025.
How NantHealth, Inc. (NH) Works
Overview of NantHealth, Inc.
NantHealth, Inc. operates primarily in the healthcare sector, focusing on technology and innovation. As of October 2023, NantHealth provides solutions that enhance patient care through data analytics and personalized medicine.
Business Model
NantHealth utilizes a subscription-based model alongside service contracts with healthcare organizations. The company specializes in the integration of clinical data to enable precision medicine.
Key Services
- Clinical Decision Support
- Data Analytics
- Population Health Management
- Telehealth Solutions
- Genomic Data Interpretation
Financial Performance
As of Q2 2023, NantHealth reported the following financial metrics:
| Metric | Q2 2023 Value | Q2 2022 Value |
|---|---|---|
| Revenue | $22.5 million | $20.1 million |
| Net Loss | ($5.3 million) | ($6.0 million) |
| EBITDA | ($2.7 million) | ($4.5 million) |
| Total Assets | $55.2 million | $48.9 million |
| Total Liabilities | $27.5 million | $23.1 million |
Market Position
NantHealth primarily competes with other healthcare technology firms, and as of 2023, holds a market capitalization of approximately $190 million. The company's strategic partnerships enhance its market position and drive demand for its offerings.
Research and Development
The company invests significantly in R&D, with an allocation of $4.8 million in 2022 aimed at improving its genomic and analytics platforms.
Client Base
NantHealth serves a diverse clientele, including:
- Hospitals and Health Systems
- Health Plans
- Pharmaceutical Companies
Recent Developments
Recent strategic initiatives include the launch of new telehealth services in early 2023 and partnerships with leading healthcare providers to improve integrated care.
Growth Opportunities
Forecasted growth for NantHealth indicates a potential annual revenue increase of 10-15% over the next five years, largely driven by demand for data-driven healthcare solutions.
How NantHealth, Inc. (NH) Makes Money
Business Segments
Business Segments
NantHealth, Inc. operates primarily through several business segments:
- Clinical Solutions
- Genomic Solutions
- Health Information Technology (HIT)
Revenue Model
The company's revenue is primarily derived from:
- Subscription fees for software-as-a-service (SaaS) offerings
- Service fees associated with genomic testing
- Licensing agreements for proprietary technology
Financial Performance
As of the latest fiscal year ended December 31, 2022, NantHealth reported the following financial data:
| Financial Metric | Amount (in millions) |
|---|---|
| Total Revenue | $46.7 |
| Gross Profit | $22.1 |
| Operating Income | $(29.9) |
| Net Loss | $(25.2) |
| Cash and Cash Equivalents | $13.5 |
Genomic Solutions Revenue
Revenue from genomic solutions was significant, accounting for:
| Year | Revenue from Genomic Solutions (in millions) |
|---|---|
| 2021 | $19.4 |
| 2022 | $22.3 |
Clinical Solutions Revenue
Clinical solutions also contributed to the revenue, with details as follows:
| Year | Revenue from Clinical Solutions (in millions) |
|---|---|
| 2021 | $20.5 |
| 2022 | $24.4 |
Subscriptions and Contracts
NantHealth's business model includes long-term subscriptions and contracts with healthcare providers, with the following metrics:
- Average Contract Value: $500,000
- Customer Retention Rate: 85%
- Number of Active Contracts: 120+
Market Opportunities
NantHealth is positioned in a lucrative market, with projected growth rates:
- Genomics Market Growth Rate: 12.3% CAGR from 2023 to 2030
- Healthcare IT Market Growth Rate: 15.1% CAGR from 2023 to 2028
Investments and R&D
The company's investment in research and development for innovative solutions was significant, totaling:
| Year | R&D Investment (in millions) |
|---|---|
| 2021 | $7.2 |
| 2022 | $8.1 |
Partnerships and Collaborations
NantHealth has established various partnerships to enhance its offerings:
- Partnership with the National Cancer Institute
- Collaboration with pharmaceutical companies for biomarker research
- Engagements with electronic health record (EHR) providers
Conclusion on Financial Viability
The financial and operational performance of NantHealth indicates potential for future growth driven by:
- Increased adoption of health IT solutions
- Expanding market for personalized medicine
- Strategic collaborations and partnerships
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