BlackBerry Ltd (BBRY) Invests in Healthcare IT Leader NantHealth

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) announced its investment in NantHealt, a leader in the healthcare information technology (IT) sector to collaborate in developing HIPAA and other government privacy certified, integrated clinical systems that transform the delivery of medical care.

John Chen, executive chairman and CEO of BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) said the company’s investment and planned collaboration with NantHealth aligns with the reliability, security, and versatility of its end-to-end solutions.

“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,” said Chen.

In addition, Chen pointed out that the future of BlackBerry Ltd (NASDAQ:BBRY)(TSE:BB) lies in creative opportunities such as its investment and partnership with NantHealth, which take many of the Canadian smartphone manufacturer’s core discipline and combine them in ways that are incomparable.

“Healthcare is one of the key industries in which we have unique advantages and this investment reflects our commitment to maximize our opportunities there,” stressed Chen.

NantHealth provides cloud-based medical IT solutions that transform the delivery of healthcare for payers, providers and patients through real-time connectivity, high performance computing and 21st century decision support. The company was established by Dr. Patrick Soon-Shiong, a medical entrepreneur and pioneer of pharmaceutical treatments for cancer and diabetes.

According to Dr. Soon-Shiong, the expertise of BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) is incredibly valuable to NantHealth’s expansion of its platform to make it available for wider deployment through a secure mobile device.

“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,” added Dr. Soon-Shiong.

Furthermore, Dr. Soon-Shiong emphasized that providing actionable information when needed significantly improves the efficiency of healthcare and the efficacy of care for patients.