Illumina Acquires Verinata Health for $350,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=85dcc405-70a4-4967-b826-3f2a2511cdae&Preview=1
Date
1/7/2013
Company Name
Verinata Health
Mailing Address
800 Saginaw Drive Redwood City, CA 94063
Company Description
Verinata Health, Inc. is driven by a sole, extraordinary purpose – maternal and fetal health. Our initial focus is to develop and offer non-invasive tests for early identification of fetal chromosomal abnormalities through our proprietary technologies.
Website
http://www.verinata.com
Transaction Type
M&A
Transaction Amount
$350,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The consideration will be composed of $350 million plus up to $100 million in milestone payments through 2015.