Nuance Communications is a tech giant specialized in healthcare artificial intelligence. Paired with the Microsoft Cloud for Healthcare, introduced in 2020, Microsoft could make a big move into the health care software business.
Microsoft Corp. and Nuance Communications, Inc. today announced they have entered into a definitive agreement under which Microsoft will acquire Nuance for $56.00 per share, implying a 23% premium to the closing price of Nuance on Friday, April 9, in an all-cash transaction valued at $19.7 billion, inclusive of Nuance’s net debt.
Nuance Communications is a trusted cloud and AI software leader representing decades of accumulated healthcare and enterprise AI experience.
According Mark Benjamin will remain CEO of Nuance, reporting to Scott Guthrie, executive vice president of Cloud & AI at Microsoft. The transaction is intended to close this calendar year.
