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BioWorld - Wednesday, July 6, 2022
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Home » Microsoft makes major commitment to health care with $19.7B Nuance buy
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Microsoft makes major commitment to health care with $19.7B Nuance buy

April 12, 2021
By Annette Boyle
No Comments
Microsoft Corp. will purchase Nuance Communications Inc. for $19.7 billion in cash in a move that demonstrates a massive commitment to building out the Microsoft Cloud for Healthcare reported in late 2020. The acquisition, which is expected to close by the end of 2021, doubles the Redmond, Wash.-based company’s total addressable market in the health care provider space, bringing it to nearly $500 billion. The size of the transaction is notable even for a company with the active acquisition history of Microsoft.
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