From Barchart: 2025-05-24 10:15:00

Microsoft has announced plans to acquire Nuance Communications, a speech recognition company, for $16 billion. This acquisition will allow Microsoft to expand its capabilities in healthcare technology and artificial intelligence.

Nuance Communications is known for its Dragon speech recognition software, which is widely used in healthcare for dictation and transcription. The acquisition will help Microsoft improve its offerings in cloud-based healthcare solutions and further establish its presence in the sector.

The deal is expected to close by the end of 2021, pending regulatory approval. Microsoft CEO Satya Nadella stated that the acquisition will accelerate the company’s efforts to deliver integrated solutions that improve healthcare outcomes and reduce costs.

This move is part of Microsoft’s broader strategy to invest in healthcare technology and artificial intelligence. The company has been working on various initiatives in the healthcare sector, including partnerships with major healthcare providers and the development of cloud-based solutions for patient care.

Overall, the acquisition of Nuance Communications represents a significant step for Microsoft in expanding its presence in the healthcare technology market. With the growing demand for digital health solutions, Microsoft aims to leverage Nuance’s expertise to drive innovation and improve healthcare delivery worldwide.



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