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Microsoft is set to acquire Nuance, a cloud and AI software specialist with a focus on healthcare, for $19.7 billion.
Microsoft just jumped into healthcare in a big way. The tech giant has signed a definitive agreement to acquire Nuance, a cloud and AI software specialist with a focus on healthcare, for $19.7 billion.
The deal is set to close sometime this year. Once it does Burlington, MA-based Nuance will be a part of Microsoft’s Intelligent Cloud Segment.
The two companies have been working with one another since 2019.
Redmond WA-based Microsoft said the acquisition of Nuance will help double the total addressable market (TAM) in the healthcare provider space. This will bring Microsoft’s TAM in healthcare to nearly $500 billion.