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MedCity News Microsoft builds out cloud healthcare business with $19.7B Nuance acquisition Microsoft will buy up healthcare AI partner Nuance for $19.7 billion. Nuance makes speech-recognition tools for clinical documentation, as well as security tools. Shares0 Nuance’s Dragon Ambient eXperience system is installed in a clinic. The voice recognition system automatically populates clinicians’ notes. Photo credit: Nuance   Microsoft is acquiring voice recognition company Nuance Communications as it competes with other cloud companies for a share of the healthcare market. It plans to buy...

The speech-recognition pioneer's technology is aimed at helping doctors predict patients’ needs and upgrading hospitals’ digital record-keeping.

Microsoft sees an opportunity in the healthcare industry on April 12, 2021, 10:07 Editor's take: Microsoft may have struck out with Cortana but is getting a mulligan with Nuance. Redmond is only talking healthcare applications right now but we wouldn't be surprised to see Nuance tech show up in other Microsoft-owned products like Teams down the road. Microsoft has agreed to purchase speech recognition and artificial intelligence specialist Nuance in a bid to strengthen its cloud and AI-based healthcare business. Microsoft said the all-cash deal is valued at $19.7 billion...

Dive Brief: Microsoft is acquiring clinical documentation and artificial intelligence company Nuance Communications for $19.7 billion, two years after first inking an R&D partnership with the speech-to-text market leader. The Redmond, Washington-based tech giant said Monday it has entered into a definitive agreement to acquire Nuance for $56 a share — a hefty price tag, representing a 23% premium on the closing price on Friday. Nuance develops conversational artificial intelligence and cloud-based ambient clinical intelligence for doctor's offices and hospitals. The all-cash deal, which M...

"Nuance provides the AI layer at the healthcare point of delivery and is a pioneer in the real-world application of enterprise AI," said Microsoft CEO Satya Nadella.