Hospitals are increasingly adopting artificial intelligence-powered tools to streamline workflows, support clinical decision making, diagnose diseases and generate insights from data. Below are five of the biggest healthcare AI deals Becker’s Hospital Review has reported on in 2021:
1.Microsoft will buy speech recognition company Nuance Communications in an all-cash transaction valued at $19.7 billion, including debt assumption. Microsoft said Nuance’s technology will be used to expand its healthcare offerings for its cloud products. Nuance currently sells tools for recognizing and transcribing speech in physician visits, voicemails and more.
2.Healthcare AI company Olive acquired Empiric Health to introduce new offerings for supply chain and clinical analysis for surgeries. Empiric Health, which originated from a Salt Lake City-based Intermountain Healthcare program in 2012, uses AI scans to capture thousands of data points for clinical analysis.
3.Rochester, Minn.-based Mayo Clinic signed a multiyear collaboration with Pro Medicus focused on building out and commercializing the health imaging IT provider’s AI-powered research platform.
4.Providence’s health tech investment portfolio Tegria acquired KenSci, a company that provides AI platforms and tools to healthcare providers, payers and medical device companies. KenSci’s AI-powered platform derives insights from data to improve patient experiences, workflows and diagnosis accuracy. The platform is built for customizations, allowing its users to develop their own applications.
5.Digital health company Recuro acquired MyLegacy, a clinical decision-making support application, which was developed by the Cleveland Clinic Genomic Medicine Institute. MyLegacy will allow the startup to pair automated genetic data gathering with care planning to save time and make more precise decisions.