Verily headquarters in San Bruno, California.
Compliment: really
Verily sells the Insurance Insurance Company, the Love Insurance Company, to the insurance supplier Height healththe alphabet CNBC's health technology company confirmed Thursday.
Verily is one of Google's sister companies and works within the “other bet” category in Alphabet. Population is the latest in a series of comprehensive changes in Precision Health, which has The workforce was reducedShe restructured her work and repaired her executive leadership in recent years.
The conditions of the deal were not revealed.
truly Firing The granular, which is initially called the insurance company, is a laboratory, in 2020 with financial support from the Commercial Insurance Unit in the Swiss group Re. Verily said that the company provided self -funded employers and medical stops, the reinsurance delivery and confrontation solutions that used “royal technology”.
The alphabet health company collected more than 1 billion dollarsAnd it attracted great talent. Apple The former president of the health strategic initiatives, Myoung Cha, joined Verily as the head of the products last yearAnd Andrew Tarish, the chief medical and scientific official at Verily, was a founding member of the Apple Apple team. Amy AbnithiHe held the position of Vice Commander in the US Food and Drug Administration, joined the company in 2021 before leaving in late 2023.
But Verily struggled to find a profitable position in health care and adhere to it.
The company started as Monchot in 2015 as part of the innovation laboratory in Alphabet, which was previously working in Google X, where it developed devices such as continuous glucose screens. It was truly a focus of the friendly response when Covid-19 broke out in 2020, and to switch the trends again to focus on accurate medicine in 2022.
It truly provided a new solution to artificial intelligence care in June Lightpath. The first show focuses on metabolism, and will support patients who take wet weight loss medications called GLP-1S, using continuous glucose or other interventions, according to the statement.
Now, the company comes out of insurance work.
Elevance Health did not immediately respond to the CNBC request for comment. The deal was reported for the first time before Business Insider.
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