Announced
Financials
Sources
Tags
organize health data for holistic care management development
platforms to collect
tools
Health Care Services
United States
Private
Minority
Pending
Single Bidder
Acquisition
Friendly
Cross Border
Private Equity
Synopsis
Verily Life Sciences, an Alphabet company, announced that it will partner with Temasek, a Singapore-based investment company, as it advances plans to commercialize healthcare solutions for global markets with its development partners. Temasek will invest $800m in Verily in exchange for a minority stake in the company. A majority of the investment will be funded in the coming days, and the remainder of the investment is scheduled to be funded in the second half of 2017.
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