Microsoft announced today that it will acquire AI software maker Nuance in an all-cash deal valued at $19.7 billion. That price represents a 23 percent premium to the closing price of Nuance’s shares at the close of business on Friday.
“Nuance provides the AI layer at the healthcare point of delivery and is a pioneer in the real-world application of enterprise AI,” Microsoft CEO Satya Nadella
said of the acquisition. “AI is technology’s most important priority, and healthcare is its most urgent application. Together, with our partner ecosystem, we will put advanced AI solutions into the hands of professionals everywhere to drive better decision-making and create more meaningful connections, as we accelerate [the] growth of Microsoft Cloud for Healthcare and Nuance.”
Microsoft and Nuance previously unveiled a strategic partnership in 2019, with the firms pledging to work together to combine Nuance Dragon Medical with Microsoft’s Azure, Azure AI, and ProjectEmpowerMD. Nuance integrated its Ambient eXperience ACI (ambient clinical intelligence) solution with Microsoft Teams in late 2020.[/QUTE]
Microsoft announced today that it will acquire AI software maker Nuance in an all-cash deal valued at $19.7 billion.
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