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NantWorks and Alcatel-Lucent Enter Definitive Agreement For Acquisition Of Alcatel-Lucent’s Digital Multimedia Solutions Business

Stocks in this article: ALU

Alcatel-Lucent (NYSE: ALU) and Dr. Patrick Soon-Shiong’s convergence-focused NantWorks, LLC, today announced a definitive agreement by which NantWorks will acquire Alcatel-Lucent’s Digital Multimedia Solutions product business unit. The financial terms of the deal have not been disclosed.

The Digital Multimedia Solutions (DMS) unit’s telco-proven portfolio, which is based on its complementary discovery, interactive media and monetization platforms, along with its long international reach, experienced team and spirit, is currently accelerating into spaces as diverse as advance television, new media, digital advertising, retailing services, and health. It will serve as a springboard to launch all NantWorks mobile-based health and image recognition mobile solutions further and faster.

NantWorks sets out to change the human experience – to truly improve the well-being of humanity – by enhancing ways in which we live, work, and play. NantHealth is committed to the interests of patients who face life-threatening illness and chronic disease; NantMobile is committed to providing enriched day-to-day enjoyment, utility, and wellness to consumers. Both NantHealth and NantMobile are NantWorks subsidiaries.

NantHealth has built the first fully integrated intelligent Clinical Operating System (iCOS). This operating system enables wireless connectivity of vital signs from medical devices to directly populate the medical record and is the first cloud-based, bidirectional health record system integrating data as standard as heart rates, to as complex as 3D MRI and CT scans, to as compute intensive as Whole Genome and Proteome analysis. iCOS integrates the nation's largest deployed cancer decision support tool (EVITI) and ensures that the patient receives the right care at the right time and at the right place.

"Imagine the power of a supercomputer in the palm of your hands... for both patient and provider. With the rigorous robustness and proven scalability of the Alcatel-Lucent platform, we now have the capability to work with our teleco partners to provide the most advanced, sophisticated, 21st century health care directly to the patient on a global basis. The USA is still the world's most advanced in terms of breakthroughs in medical science. Now, through the DMS platform, we can make this advanced knowledge available to everyone on every corner of the planet," said Dr. Soon-Shiong.

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