Private equity firm Blackstone is set to acquire a majority share of consumer-genomics company Ancestry for $4.7 billion.
The firm, which is currently owned by other investors, including Silver Lake, GIC, Spectrum Equity and Permia, got its start using genomics to tell customers about their heritage. However, it has recently shifted to also incorporate health information.
After the deal is...
Mount Sinai’s Icahn School of Medicine has revealed plans for a new center for research, development and implementation of artificial intelligence for healthcare.
Called the Hamilton and Amabel James Center for Artificial Intelligence and Human Health, the Manhattan site is scheduled to open its doors sometime in the later part of 2021. The school is looking to have roughly 40 principal...
NantHealth raised $320 million in a round led by Kuwait Investment Authority (KIA) with participation from Verizon, Celgene, BlackBerry, and Blackstone. KIA contributed $250 million to the round, according to Nant. This brings the company's total funding to north of $400 million.
KIA also invested $100 million in NantHealth earlier this year -- in May. BlackBerry's investment in the company was...
NantHealth, a subsidiary of Dr. Patrick Soon-Shiong's NantWorks, has received an unspecified equity investment from Verizon Communications, through the telecom's Verizon Investment arm. Verizon will help NantHealth develop a secure fiber-optic, cloud-based data infrastructure to deliver multimedia healthcare information to mobile devices, according to the companies.
"If we can stream a movie into...
