This post was originally published on this site
Demand for artificial intelligence and cloud-based solutions that increase productivity and protect patient data have boomed during the COVID-19 pandemic.
Microsoft Corp (NASDAQ:MSFT) earlier this year struck a $16 billion deal to buy Nuance Communications (NASDAQ:NUAN) Inc, a provider of intelligent solutions such as clinical speech recognition, medical transcription and medical imaging.
Privately held Athenahealth offers a software that can be used to organize patient visits, document patients’ clinical records and track and collect payments.
Its purchase, announced on Monday, is expected to close in the first quarter of 2022.
Evergreen, hedge fund Elliott’s private equity arm, and investment firm Veritas had taken Athenahealth private in 2019 in a $5.7 billion deal.
The company was then merged with Virence Health, a healthcare software provider that Veritas had previously acquired from General Electric (NYSE:GE) Co.
