Healthcare DIVE January 21, 2022
Dive Brief:
- IBM is selling the data and analytics assets of its Watson Health business to a private equity firm as it looks to refocus on its core cloud business.
- The sale, which is expected to close in the second quarter this year has been anticipated for quite some time, and comes following the limited success of Watson Health, despite a spate of high-profile acquisitions of health information companies to bolster the enterprise.
- Financial terms of the deal were not disclosed. IBM’s stock drooped slightly in Friday’s trade following the news.
Dive Insight:
Despite the computing giant’s big aspirations for the potential of AI applications in medical research and clinical decisionmaking — and spending millions to acquire health...
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