Please ensure Javascript is enabled for purposes of website accessibility

Google Heads Into Health Care

By Justin Loiseau - Sep 18, 2013 at 5:02PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Apple chairman takes CEO position.

Google (GOOGL 0.52%) is headed into health care. The company announced today that it has created Calico, a company that will focus its research on aging and its associated diseases.

At the CEO reins will be biotech all-star and Apple (AAPL -0.23%) Chairman Art Levinson. While the company will fall under Google's auspices, Levinson also joins the ranks as a founding investor.

Google co-founder and CEO Larry Page is excited about the prospects this venture offers:

Illness and aging affect all our families. With some longer term, moonshot thinking around health care and biotechnology, I believe we can improve millions of lives. It's impossible to imagine anyone better than Art -- one of the leading scientists, entrepreneurs and CEOs of our generation -- to take this new venture forward.

Commenting on his newest position, Levinson noted: "I've devoted much of my life to science and technology, with the goal of improving human health. Larry's focus on outsized improvements has inspired me, and I'm tremendously excited about what's next."

Apple's Tim Cook reflected that "[t]here is no one better suited to lead this mission and I am excited to see the results."

On Larry Page's Google Plus page, the CEO seemed to speak directly to worried investors when he asked readers to "please remember that new investments like this are very small by comparison to our core business."

Fool contributor Justin Loiseau owns shares of Apple and Google. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.

The Motley Fool recommends and owns shares of Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Alphabet Inc. Stock Quote
Alphabet Inc.
$120.17 (0.52%) $0.62
Apple Inc. Stock Quote
Apple Inc.
$174.15 (-0.23%) $0.40

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/18/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.