Silver Lake and GIC have acquired "substantial" equity stakes in Ancestry.com. The deals, which value the provider of online family history data at $2.6 billion, were secured in part on belief in the potential of Ancestry to grow its DNA testing business. "Ancestry's rapidly expanding consumer DNA testing service has powerful network effects and widespread consumer appeal," Silver Lake Managing Partner Mike Bingle said in a statement. Last year, Ancestry introduced AncestryHealth, a service that moved it further into the consumer genomics space occupied by 23andMe. Release
> PatientsLikeMe hired digital health expert Monique Levy for a newly created SVP position. News
> Rythm raised $11 million to develop its sleep monitoring wearable device. Piece
> The Washington Post looked into the impact of industry data-sharing initiatives. Article
> SAFE-BioPharma outlined its role in the TransCelerate Shared Investigator Platform. Release
> Principia Biopharma picked Guardant Health to monitor the response of patients to its FGFR inhibitor. More