BlackBerry Invests in NantHealth for Integrated End-To-End Healthcare Solutions
April 15 2014 - 8:00AM
Marketwired
BlackBerry Invests in NantHealth for Integrated End-To-End
Healthcare Solutions
WATERLOO, ONTARIO--(Marketwired - Apr 15, 2014) - BlackBerry
Limited (NASDAQ:BBRY)(TSX:BB), a world leader in mobile
communications, today announced an investment in healthcare IT
leader NantHealth. The companies intend to collaborate on the
development of HIPAA and other government privacy certified,
integrated clinical systems that transform the delivery of medical
care. NantHealth is a cloud-based medical IT provider transforming
the delivery of healthcare for payers, providers and patients
through real-time connectivity, high performance computing and 21st
century decision support.
"This investment and planned collaboration aligns with the
reliability, security and versatility of BlackBerry's end-to-end
solutions - from the embedded QNX® operating system powering
complex medical devices, to secure cloud-based networks, to
instantaneous information sharing over BBM Protected," said
BlackBerry CEO and Executive Chair, John Chen. "NantHealth is a
proven innovator in developing leading platforms that allow medical
professionals to share information and deliver care efficiently.
BlackBerry's capabilities align closely with NantHealth's and this
investment represents the type of forward-looking opportunities
that are vital to our future."
Founded by medical entrepreneur Dr. Patrick Soon-Shiong,
NantHealth works to transform clinical delivery with actionable
clinical intelligence at the moment of decision, enabling clinical
discovery through real-time machine learning systems. The company's
technology empowers physicians, patients, payers and researchers to
transcend the traditional barriers of today's healthcare system.
The NantHealth platform is installed at approximately 250
hospitals, and connects more than 16,000 medical devices collecting
more than 3 billion vital signs annually.
"BlackBerry's expertise is incredibly valuable to NantHealth as
we expand our platform and make it available for wider deployment
through a secure mobile device," said Soon-Shiong, NantHealth's
founder and a pioneer of pharmaceutical treatments for both
diabetes and cancer. "The future of the healthcare industry
requires the ability to share information securely and quickly,
whether device-to-device or doctor-to-doctor anywhere and at any
time. The potential to integrate BlackBerry's secure mobile
communications, along with the company's QNX embedded technology,
will put the power of a supercomputer in the palm of the
caregiver's hand. Providing actionable information at the time of
need will significantly improve the efficiency of healthcare and,
more importantly, the efficacy of care for the patient."
Details of the intended collaboration are being developed, but
Chen and Soon-Shiong said they see significant opportunities
because:
- QNX is established as a real-time embedded operating system for
mission-critical medical diagnostic and monitoring devices in
hospitals and homecare environments;
- BBM Protected is an upcoming, secure communication platform
that could connect healthcare providers, field service workers,
emergency personnel, patients and family members;
- NantHealth's Clinical Operating System (cOS™) platform is the
first operating system of its kind in healthcare. The platform
integrates the knowledge base with the delivery system and the
payment system, enabling 21st century coordinated care at a lower
cost;
- NantHealth and BlackBerry can combine secure cloud-based and
supercomputing services to provide data integration, decision
support and analytics; and
- BlackBerry's devices are the global standard for secure
communication and collaboration.
"The future of BlackBerry lies in creative opportunities like
this that take our many core disciplines and combine them in ways
no one else can match," said Chen. "Healthcare is one of the key
industries in which we have unique advantages and this investment
reflects our commitment to maximize our opportunities there."
About BlackBerry
A global leader in mobile communications, BlackBerry
revolutionized the mobile industry when it was introduced in 1999.
Today, BlackBerry aims to inspire the success of our millions of
customers around the world by continuously pushing the boundaries
of mobile experiences. Founded in 1984 and based in Waterloo,
Ontario, BlackBerry operates offices in North America, Europe, Asia
Pacific and Latin America. The company trades under the ticker
symbols "BB" on the Toronto Stock Exchange and "BBRY" on the
NASDAQ. For more information, visit www.BlackBerry.com.
About NantHealth
NantHealth, a member of the NantWorks family of companies, is a
transformational healthcare IT company converging science and
technology through a single integrated clinical platform, to
provide actionable health information at the point of care, in the
time of need, anywhere, anytime.
NantHealth works to transform clinical delivery with actionable
clinical intelligence at the moment of decision, enabling clinical
discovery through real-time machine learning systems. The company's
technology empowers physicians, patients, payers and researchers to
transcend the traditional barriers of today's healthcare system. By
converging molecular science, computer science and big data
technology the NantHealth Clinical Operating System (cOS) platform
empowers physicians, patients, and payers to coordinate best care,
monitor outcomes and control cost in real time. This is the first
operating system of its kind in healthcare that is based on supply
chain principles and grid service oriented architecture, that
integrates the knowledge base with the delivery system and the
payment system, enabling 21st century coordinated care at a lower
cost. For more information please visit www.nanthealth.com and
follow Dr. Soon-Shiong on Twitter @solvehealthcare.
Forward-looking statements in this news release are made
pursuant to the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. When used herein, words such as "expect",
"anticipate", "estimate", "may", "will", "should", "intend",
"believe", and similar expressions, are intended to identify
forward-looking statements. Forward-looking statements are based on
estimates and assumptions made by BlackBerry Limited in light of
its experience and its perception of historical trends, current
conditions and expected future developments, as well as other
factors that BlackBerry believes are appropriate in the
circumstances. Many factors could cause BlackBerry's actual
results, performance or achievements to differ materially from
those expressed or implied by the forward-looking statements,
including those described in the "Risk Factors" section of
BlackBerry's Annual Information Form, which is included in its
Annual Report on Form 40-F (copies of which filings may be obtained
at www.sedar.com or www.sec.gov). These factors should be
considered carefully, and readers should not place undue reliance
on BlackBerry's forward-looking statements. BlackBerry has no
intention and undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
BlackBerry and related trademarks, names and logos are the
property of BlackBerry Limited and are registered and/or used in
the U.S. and countries around the world. All other marks are the
property of their respective owners. BlackBerry is not responsible
for any third-party products or services.
Media Relations Contact:BlackBerry Media Relations(519) 888-7465
x77273mediarelations@BlackBerry.comNantHealth Media Relations(562)
397-3639jhodson@nantworks.com
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