Verily's Granular Insurance Business to Be Acquired by Elevance Health
February 6, 2025 - 20:58
In a significant development for the healthcare sector, Verily's CEO Stephen Gillett announced to employees that the company's Granular insurance division will be sold to Elevance Health. This strategic move marks a pivotal moment for Verily as it seeks to streamline its operations and focus on its core competencies in health technology and data analytics.
The acquisition is expected to enhance Elevance Health's portfolio, allowing the company to expand its services and reach in the insurance market. Gillett emphasized that the decision aligns with Verily's long-term vision of leveraging technology to improve health outcomes and drive innovation in the healthcare industry.
As the transaction progresses, both companies are poised to benefit from the integration of Granular's capabilities into Elevance Health's existing framework. Employees are encouraged to remain focused on their ongoing projects during this transition period, as leadership works to ensure a smooth handover. This acquisition is anticipated to create new opportunities for growth and collaboration in the evolving landscape of healthcare services.
MORE NEWS
September 15, 2025 - 04:46
Increased Lender Competition Benefits Farmers and RanchersSteve Jobs once commented that “Consumers are the biggest beneficiaries of competition. It forces businesses to deliver better products, lower prices, and more choice.” For farmers and ranchers...
September 14, 2025 - 06:04
Celebrating Over Three Decades of Business Reporting in Northern CaliforniaFounded in 1988, this esteemed business-to-business publication has been a vital resource for the Northern California region, specifically covering the diverse counties of Sonoma, Napa, Marin,...
September 13, 2025 - 20:17
Surging Business Yet Layoffs Persist at Major Tech FirmsWhen business is surging, companies often expand their workforces to handle demand. That`s not what`s happening lately at some of America`s biggest tech companies. Despite experiencing significant...
September 13, 2025 - 03:46
Central Banks in Focus: A Week of Key Monetary DecisionsThis upcoming week is set to be significant for global finance, with attention on major central banks, including the Federal Reserve, the Bank of Japan, and various European institutions. The...