Nuance Communications, a provider of voice and language solutions, has announced it is acquiring Transcend Services for approximately $300 million, according to a news release (doc).
Transcend Services provides transcription and clinical documentation services to the healthcare industry.
"The acquisition of Transcend will expand the delivery of our innovative voice and clinical language understanding solutions, especially to small- and mid-size hospitals," said Janet Dillione, executive vice president and general manager of Nuance's healthcare business, in the release. "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."
The transaction is expected to close in the second half of Nuance's fiscal 2012.
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