Elevance Health announced on February 6, 2025, the acquisition of Granular Insurance Company, a stop-loss insurance subsidiary, from Alphabet's health tech company, Verily. The terms of the deal were not disclosed.
Granular, initially launched in 2020, offered self-funded employers and captives medical stop-loss, fronting reinsurance, and fronting solutions utilizing proprietary technology. This acquisition further diversifies Elevance Health's offerings and strengthens its position in the stop-loss insurance market.
The integration of Granular's specialized solutions is expected to enhance Elevance Health's ability to serve employers and manage complex care needs, aligning with the company's focus on expanding its Carelon segment and building a comprehensive ecosystem for healthcare solutions.
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