Nuance Acquires Philips Speech Recognition Systems, Expands European Healthcare Business

Nuance today announced that it has acquired Philips Speech Recognition Systems (PSRS). With the combined resources of Nuance and PSRS, Nuance significantly enhances its ability to deliver innovative, speech-driven clinical documentation and communication solutions to healthcare organizations throughout Europe.
Through this transaction, Nuance expands upon its mission to transform the way healthcare organizations document patient care. In recent years Nuance has targetted the estimated $10 billion spent annually for medical transcription alone. The opportunity for automated documentation solutions is also significant in Europe, where an estimated $2 billion is spent each year for manually processing clinical information and where governments have made substantial investments to digitize healthcare systems, such as the $24 billion applied to the National Health Service National Programme for IT in England. [click heading for more]