Walgreens teams with Verily to lower health costs

Walgreens Boots Alliance Inc. is teaming up with Verily, a sister company of Google, in an effort to lower health costs.

Deerfield, Illinois-based Walgreens (Nasdaq: WBA) said the two companies "will collaborate on multiple projects under a broad agreement aimed at improving health outcomes for patients with chronic conditions, while also lowering the cost of care."

To do that, the companies said they will initially work on a pilot program that will use devices to keep patients who suffer from…

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