 "IBM to buy data company Truven Health Analytics for $2.6 billion")
International Business Machines (IBM) Corp said it would buy Truven Health Analytics, a provider of cloud-based healthcare data, for $2.6 billion, the company's fourth major health-related acquisition since launching the Watson Health unit in April last year.
Based in Ann Arbor, Michigan, Truven offers healthcare data and analytics solutions to US federal and state government agencies, employers, hospitals and pharmaceutical companies.
IBM, whose healthcare unit is powered by the famous Watson supercomputer, will get access to more than 8,500 clients from the deal.
“With this acquisition, IBM will be the world's leading health data, analytics and insights company," Deborah DiSanzo, general manager for Watson Health said in a statement on Thursday.
IBM, which has been expanding aggressively in the healthcare IT sector, bought medical image company Merge Healthcare in a $1 billion deal in October.
In March, Reuters reported that Truven was preparing for an initial public offering (IPO) it hoped would value the company at more than $3 billion, including debt, according to people familiar with the matter.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%