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194 days

Alphabet's Verily to sell Granular insurance business to Elevance Health

1. Verily sells Granular Insurance to Elevance Health amidst restructuring. 2. Granular was launched in 2020 but now deemed non-core. 3. Verily has raised over $1 billion but struggled in healthcare niche. 4. A new AI solution for metabolic health was introduced recently. 5. Executive leadership and workforce have seen significant changes.

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FAQ

Why Bullish?

Elevance Health's acquisition signals confidence and potential market expansion, similar past success observed with acquisitions enhancing service offerings.

How important is it?

The sale highlights strategic shifts that could positively influence Elevance Health's operations and market position.

Why Long Term?

The acquisition can lead to sustainable growth for Elevance Health, as leveraging Granular's tech could improve efficiencies in insurance.

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