Microsoft To Acquire Nuance Communications, For $19.7 Billion
Summary
Its products include the Dragon Ambient eXperience, Dragon Medical One and PowerScribe One for radiology reporting, all clinical speech recognition SaaS offerings built on Microsoft Azure. The company’s solutions work with core healthcare systems, including longstanding relationships with Electronic Health Records (EHRs), to alleviate the burden of clinical documentation and empower providers to deliver better patient experiences. Beyond healthcare, the company provides AI expertise and customer engagement solutions across Interactive Voice Response (IVR), virtual assistants, and digital and biometric solutions to companies around the world across all industries. The acquisition represents the latest step in Microsoft’s industry-specific cloud strategy. The Redmond, WA-based company led by Satya Nadella, CEO, has accelerated its efforts to provide industry-specific cloud offerings including the Microsoft Cloud for Healthcare, introduced in 2020, which aims to address the comprehensive needs of the healthcare industry.
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