Billionaire philanthropist Dr. Patrick Soon-Shiong has formed a digital technology company called NantWorks.
Soon-Shiong forms digital tech company
The Los Angeles-based company will market advanced communications products such as encryption and voice-recognition technologies, broadband telecommunications services and ultra-low-power remote monitoring devices, according to a news release.
Soon-Shiong, who was No. 12 on Modern Healthcare and Modern Physician's 2010 list of the 50 Most Powerful Physician Executives, said he has spent $400 million in recent years acquiring and developing digital technologies that will be part of the NantWorks portfolio.
"This goes way beyond media and entertainment—though we are confident that what we are doing will take the digital aspects of these industries to a new level," Soon-Shiong said in the release. "It includes areas where advances in technology are most severely needed, such as healthcare and scientific research, education and even within our justice system."
In February, Soon-Shiong announced that he had acquired Vitality, a Cambridge, Mass.-based company that markets Internet-connected pharmaceutical pill bottles.
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