Nan­tHealth, the pre­ci­sion medicine com­pany, is lay­ing off one-third of its work­force—300 of its em­ploy­ees—af­ter los­ing $70 mil­lion in its sec­ond quar­ter.

Modern Healthcare - - LATE NEWS -

Also late last week, Allscripts an­nounced that it would pur­chase Nan­tHealth’s provider and pa­tient en­gage­ment busi­ness in an all-stock deal. Nan­tHealth has lost more than $300 mil­lion since it was founded nearly seven years ago. Founder Dr. Pa­trick Soon-Shiong has been ac­cused of us­ing his can­cer vac­cine as a mar­ket­ing ve­hi­cle for GPS Can­cer, which was key to Nan­tHealth’s com­mer­cial suc­cess. News re­ports ques­tioned how Soon-Shiong used char­i­ta­ble do­na­tions to help Nan­tHealth. Soon-Shiong has blasted all neg­a­tive claims as false.

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