Roche to acquire cancer software company Flatiron for $1.9 billion

Roche Holding AG said Thursday it agreed to acquire all the shares of Flatiron Health Inc. for $1.9 billion. New York City-based Flatiron has raised $313 million in funding from such investors as Alphabet Inc.’s Google Ventures and Roche, according to Crunchbase. Flatiron specializes in electronic health record software for cancer patients and research. Roche already owns 12.6% of Flatiron. Roche expects to close the transaction in the first half of 2018. Roche U.S. shares rose 1.2% in recent activity.

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