Becker's Healthcare September 7, 2021
Medical genetics company Invitae inked an agreement to acquire consumer health tech company Ciitizen, which was founded by former Apple Health Director Anil Sethi in 2017.
Four details:
1. Invitae will purchase Ciitizen for $325 million and will issue an additional $225 million in restricted stock units to new employees who join the company in connection with the acquisition, according to a Sept. 7 news release.
2. Mr. Sethi left Apple Health to start Ciitizen after his sister died from cancer; the company’s mission is...
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