NaviNet acquired by NantHealth
The Boston health care technology company NaviNet Inc. has been acquired by NantHealth LLC, a Culver City, Calif., company that uses genetic information and medical data to develop personalized treatment plans for cancer and other diseases.
The companies did not disclose the financial terms of the deal.
NaviNet, founded in 1998, provides doctor’s offices and hospitals with instant access to patients’ health care insurance information. The acquisition will allow NantHealth to use NaviNet’s network -- representing 60 percent of the nation’s physicians -- to quickly deliver genetic test results to doctors, said Frank Ingari, chief executive of NaviNet. Doctors can then use that system to more search for the best clinical trials for their patients.
The acquisition will also allow NantHealth to provide comprehensive patient records to insurers, making it easier for someone in need of surgery, for example, to get authorization for a procedure, Ingari said.
Combined, NaviNet’s administrative network and NantHealth’s clinical platform will cover nearly 100 million people.
“There was very much a mutual need here,” said Ingari, who noted that NaviNet’s 330 employees will remain based in Boston.
NantHealth, a subsidiary of NantWorks, is owned by billionaire Patrick Soon-Shiong, a pioneer in personalized cancer care and part owner of the Los Angeles Lakers.