Roche to Buy Big Data Upstart for $1.9B

Roche has agreed to acquire privately held Flatiron Health, a developer of oncology-specific electronic health record software, for $1.9B in cash.

New York-based Flatiron Health, a leader in applying big data approaches to medicine, was founded by Nat Turner and Zach Weinberg, two entrepreneurs who had sold a previous company to Google for a reported $81 million.

Roche and Flatiron -- which will continue its operations as a separate legal entity -- plan to leverage their combined expertise to advance the use of real-world evidence to set new industry standards for oncology research and development.

Read the press release