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Microsoft closes $19B acquisition of Nuance
Becker's Healthcare March 4, 2022
Microsoft completed its $19.7 billion acquisition of Nuance, an AI speech recognition company, that aims to expand Microsoft’s cloud services to the healthcare industry, Engadget reported March 4.
The deal, which was announced April 12, was cleared by the UK’s Competition and Markets Authority, which was the final step the companies needed in order to merge. Officials in the U.S., Australia and the European Union signed off on the deal last year.
Nuance, which currently provides tools for recognizing and transcribing speech in physician visits, voicemails and more, will collaborate with Microsoft to accelerate the Microsoft Cloud for Healthcare initiative that was announced in 2020.
By combining the Microsoft Cloud...
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