Google's Alphabet Targets Healthcare Business

GoogleGoogle has announced the creation of a new parent company, Alphabet, and this strategy appears to target as well the healthcare business. Alphabet is described by Larry Page, as a collection of companies and the largest will remain Google. As examples were presented Google's health efforts: Life Sciences (glucose-sensing contact lens), and Calico (focused on longevity).

"Alphabet is about businesses prospering through strong leaders and independence. In general, our model is to have a strong CEO who runs each business, with Sergey and me in service to them as needed. We will rigorously handle capital allocation and work to make sure each business is executing well. We'll also make sure we have a great CEO for each business, and we'll determine their compensation. In addition, with this new structure we plan to implement segment reporting for our Q4 results, where Google financials will be provided separately than those for the rest of Alphabet businesses as a whole," Larry Page wrote on Alphabet's home page.

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