Becker's Healthcare April 13, 2021
With a nearly $20 billion acquisition of speech recognition company Nuance Communications, Microsoft aims to get a leg up in its healthcare competition with other tech giants, according to an April 13 Wall Street Journal report.
Seven details:
1. Microsoft announced its plans to buy Nuance April 12 for $19.7 billion to support expansion of its healthcare offerings for its cloud products. Nuance has integrations with EHR vendors Epic and Cerner, among others.
2. The acquisition will help Microsoft break into Nuance’s business selling its software to hospitals and health systems, analysts and healthcare executives told the Journal. Nuance’s speech recognition software lets clinicians document patient notes by voice dictation rather than typing and clicking in the...
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