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"We have had many successes but I equally take accountability for the challenges we have today," former CEO Anne Wojcicki wrote.
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A world-leading biotech firm with an office on Grand Island is the Buffalo region's top-ranked life science company for the first time.
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The deal is the third billion-dollar-plus acquisition for the company in a little over a year.
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The new hospital will open in 2026.
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Talks are progressing on a potential sale of Crozer Health's assets with involvement by Penn Medicine and Delaware County.
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Though there are some early signs of a potential market turnaround, uncertain federal funding complicates the outlook.
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As U.S. stocks plunged further on Monday, shares of Verrica Pharmaceuticals rose more than 9%.
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The Charlotte Hornets are set to break ground this week on its new practice center that will cost at least $150 million.
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