Announced
Financials
Sources
Tags
Majority
Friendly
Pending
United States
health company
Single Bidder
Domestic
Health Care Services
Acquisition
Private
Synopsis
Invitae, a medical genetics company, agreed to acquire Ciitizen, a patient-centric consumer health tech company, for $325m. "Invitae is relentlessly pursuing a day when genetics is used routinely to improve healthcare for billions of people around the globe. We believe combining Ciitizen's state-of-the-art, transparent and patient-consented platform with our technologies and services will accelerate our evolution into a genome information company that informs healthcare throughout one's life. This would give us the ability to engage patients, create an innovative patient-centered data ecosystem and deliver better outcomes for everyone. Invitae views the acquisition of Ciitizen as an important part of its strategy to be the industry leader across the genetic testing, software and health information technology spaces," Sean George, Co-Founder and CEO.
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