Healthcare Innovation July 7, 2022
Headquartered in Ann Arbor, Michigan, Merative will be led by healthcare IT exec Gerry McCarthy
Investment firm Francisco Partners has completed the acquisition of IBM’s Watson Health business announced in January and rebranded it as a new standalone company called Merative.
IBM had built the business in part through acquisitions such as Truven Health Analytics, Phytel, Explorys, and medical imaging company Merge Healthcare, but had trouble building a healthcare AI business to match its early ambitions, analysts said.
Headquartered in Ann Arbor, Michigan, Merative will be led by CEO Gerry McCarthy, who has been in healthcare information technology for 30 years, most recently serving as CEO of eSolutions, a Francisco Partners portfolio company, which exited to Waystar in October 2020....
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