Nuance to Acquire Transcend
Nuance Communications today announced its plans to acquire Transcend Services, a provider of medical transcription and speech editing services, for approximately $300 million.
With Transcend, Nuance will be able to accelerate access to and expand its customer base within the small- to midsized hospital market, which comprises approximately 90 percent of hospitals in the United States.
With Nuance's voice-enabled and Clinical Language Understanding technologies and deep electronic health record (EHR) integration, combined with Transcend's transcription and editing services, hospitals can make clinical documentation and work flow more productive and cost-efficient and extract greater value from clinical information, according to Nuance.
"The acquisition of Transcend will expand the delivery of our innovative voice and Clinical Language Understanding solutions, especially to small and midsized hospitals," Janet Dillione, executive vice president and general manager of Nuance's Healthcare business, said in a statement. "With Transcend, we will drive change and improvement to the way these hospitals capture and leverage clinical information. The acquisition is a natural extension of Nuance's existing healthcare business and will strengthen our solution and services portfolio, as well as enhance our profitability."
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