The workforce reduction will occur through layoffs and transferring some staff to Allscripts Healthcare Solutions, according to NantHealth’s second quarter earnings release. Allscripts entered into an agreement Aug. 3 to buy NantHealth’s provider and patient engagement solutions business.
NantHealth said the workforce cutback and other steps taken by the company will result in $70 million in annualized cost savings.
NantHealth ended the first six months of 2017 with a net loss of $111.2 million, compared to a net loss of $87.3 million in the first half of 2016.
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