Microsoft ramps up telemedicine with $19.7 bn purchase of Nuance
Microsoft ramps up telemedicine with $19.7 bn purchase of Nuance
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Microsoft ramps up telemedicine with $19.7 bn purchase of Nuance
Microsoft has purchased Nuance Communications, an AI and healthcare software provider, for US$19.7 billion, the biggest acquisition since it bought LinkedIn for US$26.2 billion in 2016. The all-cash deal announced on April 12 included payments of US$56.00 per share, a 23 per cent premium over Nuance’s closing price on Friday. With the transaction, Microsoft will also take on all of Nuance’s net debt. Microsoft hopes to expand its healthcare and AI technology portfolio with the purchase, including bolstering the Microsoft Cloud for Healthcare. Nuance’s productivity solutions, which inclu...
Microsoft's Nuance deal is valued at $16 billion, in addition to $3 billion in debt.
To boost its healthcare business.
Alibaba, Signet Jewelers, Nuance Communications, Marathon Digital and Luminex are five top stock gainers for Monday.