Billionaire physician Patrick Soon-Shiong buys Los Angeles Times

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Patrick Soon-Shiong, MD, the billionaire founder and CEO of NantHealth, has purchased the Los Angeles Times from Tronc, according to The Washington Post.

Under the $500 million deal, Dr. Soon-Shiong, who is a major shareholder of Tronc, will also acquire the San Diego Union-Tribune.

Dr. Soon-Shiong, who is said to be the nation’s wealthiest physician, is a surgeon by training. He made the bulk of his fortune, estimated at around $7.8 billion, starting and selling drug companies, according to the Chicago Tribune.

Read more about Dr. Soon-Shiong here.


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