Nuance has just announced that it is acquiring Transcend, a company that provides medical transcription and speech editing services, for approximately $300 million in cash, or $29.50 per Transcend share. Nuance, which develops imaging and voice recognition technologies, says that Transcend will help expand its customer base to the healthcare and hospital market. For background, Transcend Services provides medical transcription services to the healthcare industry in the United States. The company's technology converts physicians? voice recordings into electronic medical record documents.Source: http://feedproxy.google.com/~r/Techcrunch/~3/XX_pFSutSwo/
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