Alphabet's Verily to sell Granular insurance business to Elevance Health
Verily is selling its stop-loss insurance subsidiary, Granular Insurance Company, to the insurance provider Elevance Health, the Alphabet health tech company confirmed to CNBC on Thursday.Verily is one of Google's sister companies and operates within Alphabet's "Other Bets" category. The Granular sale is the latest in a series of sweeping changes at the precision health company, which has slashed its workforce, restructured its business and overhauled its executive leadership in recent years.The terms of th ...