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In a strategic move that elevates its existing partnership with Nuance, Microsoft will acquire the cloud and AI software provider for $56 a share in a transaction that will complete by the end of this calendar year.
Nuance is a provider of conversational AI and cloud-based ambient clinical intelligence for healthcare providers. Nuanceâs products include the Dragon Ambient eXperience, Dragon Medical One and PowerScribe One for radiology reporting, all clinical speech recognition SaaS offerings built on Microsoft Azure. Nuanceâs solutions aim to work seamlessly with core healthcare systems, including long-standing relationships with Electronic Health Records (EHRs), to alleviate the burden of clinical documentation and empower providers to deliver better patient experiences. Nuance solutions are currently used by more than 55% of physicians and 75% of radiologists in the U.S., and used in 77% of U.S. hospitals. Nuanceâs Healthcare Cloud revenue e
Microsoft to buy speech recognition firm Nuance for $19.7 billion
5 hours ago
Microsoft on Monday announced the acquisition of cloud and AI firm Nuance Communications for $19.7 billion, the second most expensive acquisition by Microsoft after LinkedIn.
The acquisition will help Microsoft scale up its healthcare technology infrastructure and will support its Microsoft Cloud for Healthcare initiative launched in 2020. Medical technology is at the front and centre due to the ongoing pandemic, and companies are scrambling to create new systems and data models.
Nuance will bring a number of useful technologies under the Microsoft umbrella, including the popular Dragon NaturallySpeaking speech recognition software. Apple’s Siri uses technology from Nuance for speech recognition. The AI company has already developed a set of healthcare solutions such as document capture, revenue management, patient management, diagnostics solution and electronic health record. The company claims its s
Apr 14, 2021
Microsoft has agreed to buy Nuance Communications for $56.00 per share, in an all-cash transaction valued at $19,7-billion, inclusive of Nuance’s net debt.
Nuance is a cloud and AI software player in the healthcare and enterprise AI space.
Mark Benjamin will remain CEO of Nuance, reporting to Scott Guthrie, executive vice-president: cloud and AI at Microsoft. The transaction is intended to close this calendar year.
Nuance is a provider of conversational AI and cloud-based ambient clinical intelligence for healthcare providers. Its products include the Dragon Ambient eXperience, Dragon Medical One and PowerScribe One for radiology reporting, all leading clinical speech recognition SaaS offerings built on Microsoft Azure.
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Microsoft Corp. has agreed to buy artificial intelligence company Nuance Communications Inc. for $16 billion, extending chief executive Satya Nadella s run of big acquisitions to accelerate growth in everything from healthcare to videogaming.
Microsoft said Monday it would pay $56 per Nuance share, a 23% premium over Friday s closing price, in a bet on the growing demand for digital tools within healthcare.
The all-cash deal is Microsoft s second largest acquisition under Mr. Nadella. The company in 2016 spent about $26 billion for professional network LinkedIn Corp.
Mr. Nadella s deal making has taken off since that landmark purchase. Microsoft has undertaken more than 100 acquisitions in the past four years, according to data provider Dealogic, committing more than $26 billion not including the Nuance deal.