IBM announced its intent to buy
Truven Health Analytics for a whopping $2.6 Million. It is the fourth major
purchase for Watson health since the unit was established in 2014. Watson
Health was formed when IBM purchased Phytel and Explorys in April 2014. Both companies
had the common denominator of being data driven health companies.
The unit added Merge Healthcare for
another billion dollars last August to give the company access to a huge store
of imaging data. With this purchase, IBM gets access to Truven Cloud based data
repository, 2500 employees and 8500 clients, including US Federal and state
government agencies, employers, health plans, hospitals, clinicians, and life
science companies.
The Truven data will be integrated
with Watson data, used to identify health cost savings, improve healthcare
outcomes, fight fraud and make operations more efficient. With this
acquisition, IBM will be world’s leading health data, analytics and insights
company. Truven was previously acquired by Veritas Capital Management Fund LLC
from Thomson Reuters Corp for $1.25 Billion in 2012.
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