LOS ANGELES--(BUSINESS WIRE)--Feb 28, 2012-- NantWorks, LLC announced that it had acquired Boston Life Labs (BLL), a company specializing in the remote monitoring of patient biometric data. BLL, which has now been renamed NantCare, LLC, provides hardware and software products enabling telemonitoring of patients by means of wireless devices measuring blood pressure, blood sugar, weight, medication management and other key indicators. The center of the company's operations is in Phoenix, Arizona. It is building a Patient Intelligent Monitoring Center in Phoenix to facilitate improved communication between patient and caregiver, improved medication compliance and control over unnecessary healthcare costs.
Dr. Patrick Soon-Shiong, founding Chairman and CEO of NantWorks, welcomed NantCare as the latest company to become part of his group's growing NantHealth division. "Wireless monitoring of patients is absolutely key to the future of healthcare," he said. "Chronic illness has become epidemic, and that is the biggest problem facing our healthcare system, both in terms of health outcomes and costs.
NantCare's technology enables healthcare providers to monitor patients with chronic conditions, in their homes or wherever they may be.
Providers can intervene as necessary, before patients become seriously ill. They can keep their patients healthy and greatly reduce the number of hospital admissions." Boston Life Labs and now NantCare CEO, Richard Binier, said, "NantWorks is the ideal ecosystem for us. Dr. Soon-Shiong's vision of a comprehensive digital infrastructure, enabling actionable personalized medicine, covers the whole continuum of healthcare from genomic sequencing and high performance computer analysis all the way to the point of care. We are there at the point of care, with the technology to link the patient and provider in real time to the full power of that infrastructure. That is the shape of 21st century medicine and we are proud to be a part of it." Phoenix Mayor Greg Stanton also welcomed the news, commenting: "Here in Phoenix we welcome Boston Life Labs, because with its new investment from NantWorks, it will grow here and become a part of Phoenix's renewed economic success and innovation. Most importantly, Boston Life Labs will contribute to our city's growing medical community and to the better care of Phoenix residents." About NantWorks NantWorks, LLC is a company founded and led by Dr. Patrick Soon-Shiong. Its core mission is to converge a wide range of technologies to transform scientific research and healthcare. It is building an integrated evidence-based, genomically-informed, personalized approach to the delivery of care and the development of next generation diagnostics and therapeutics. For more information, see www.nantworks.com.
CONTACT: NantWorks Jen Hodson, 310-405-7539 email@example.com KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HARDWARE SOFTWARE PRACTICE MANAGEMENT HEALTH MANAGED CARE SOURCE: NantWorks, LLC Copyright Business Wire 2012 PUB: 02/28/2012 11:00 AM/DISC: 02/28/2012 11:00 AM http://www.businesswire.com/news/home/20120228005503/