Speech recognition software maker Nuance Communications Inc. said Tuesday it will buy privately held medical transcription company eScription for $363 million.
The purchase cost includes $340 million in cash and $23 million in Nuance stock. Nuance will also assume $37 million in eScription employee stock options. It expects the deal to close in the 2008 third quarter.
Nuance says it hopes to streamline clinical documentation with the acquisition and said it expects to save the health care industry more than $1 billion by 2011.[click heading for more]
www.getdesign.in - My periodic blog exploring the world of business, experience design and interaction, with a smattering of gadgetry and social media. A world where business, people and technology meet.
Let's Fix Things: For over two decades I've been consulting in Communications Design: Everything from business strategy and processes, through to technology, interaction and customer experience. The thoughts here are my own, not necessarily that of my employer.
I have a penchant for spotting patterns and fixing broken user and customer experiences. Even my Bumblebee project hasn't escaped - I've been using Six Sigma techniques to study and predict their behaviour patterns. ☺