Healthcare DIVE January 21, 2022
Rebecca Pifer

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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Topics: AI (Artificial Intelligence), Analytics, Mergers & Acquisitions / JV, Technology, Trends
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