Microsoft stressing healthcare business by acquisition
Microsoft is buying Nuance Communications, an artificial intelligence and speech technology firm, for about USD16 billion in cash. This makes it Microsoft’s biggest acquisition since the company bought LinkedIn for more than USD 26 billion in 2016. Microsoft said Nuance is adding healthcare to its cloud computing strategy.
“The acquisition will combine solutions and expertise to deliver new cloud and AI capabilities across healthcare and other industries”, Microsoft said in a press release.
“Nuance provides the AI layer at the healthcare point of delivery,” Microsoft CEO Satya Nadella said in a statement. “AI is technology’s most important priority, and healthcare is its most urgent application.”
In 2020, Microsoft introduced Microsoft Cloud for Healthcare for the “rapidly transforming and growing healthcare industry”.
“Today’s acquisition announcement represents the latest step in Microsoft’s industry-specific cloud strategy. Nuance is a pioneer and a leading provider of conversational AI and cloud-based ambient clinical intelligence for healthcare providers.”
”Microsoft’s acquisition of Nuance builds upon the successful existing partnership between the companies that was announced in 2019”, Microsoft said.
Mark Benjamin will stay as CEO of Nuance and will report to Scott Guthrie, executive vice president of Cloud & AI at Microsoft, the company said.
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