IBM All Set To Buy Merge Healthcare For $1 Billion

Posted: Aug 7 2015, 9:15am CDT | by , in Latest Business News


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IBM all set to buy Merge Healthcare for $1 Billion

Merge Healthcare will be combined with the health analytics unit of IBM.

IBM has been making a lot of progress in the health care industry. Especially in the IT section of healthcare IBM has make substantial moves. Previously IBM announced it will be making the Watson computer into an app. Now IBM has released news of a merger with a healthcare company.

IBM will soon buy the company Merge Healthcare. After the acquisition the company will be a part of the healthcare unit of IBM. The deal between IBM and Merge will be set at $1 billion. The health care unit of IBM will use the resources of Merge Healthcare in combination with Watson supercomputer.

“As a proven leader in delivering healthcare solutions for over 20 years, Merge is a tremendous addition to the Watson Health platform. Healthcare will be one of IBM’s biggest growth areas over the next 10 years, which is why we are making a major investment to drive industry transformation and to facilitate a higher quality of care,” said John Kelly, senior vice president, IBM Research and Solutions Portfolio.

“Watson’s powerful cognitive and analytic capabilities, coupled with those from Merge and our other major strategic acquisitions, position IBM to partner with healthcare providers, research institutions, biomedical companies, insurers and other organizations committed to changing the very nature of health and healthcare in the 21st century. Giving Watson ‘eyes’ on medical images unlocks entirely new possibilities for the industry.”

Merge healthcare is a data imaging management platform. The idea is to combine all the data of Watson and Merge by IBM. Imagery from the healthcare platform will also be combined for better results.

“Merge is widely recognized for delivering market leading imaging workflow and electronic data capture solutions,” said Justin Dearborn, chief executive officer, Merge.

“Today’s announcement is an exciting step forward for our employees and clients. Becoming a part of IBM will allow us to expand our global scale and deliver added value and insight to our clients through Watson’s advanced analytic and cognitive computing capabilities.”

“Combining Merge’s leading medical imaging solutions with the world-class machine learning and analytics capabilities of IBM’s Watson Health is the future of healthcare technology,” said Michael W. Ferro, Jr., Merge’s chairman.

“Merge’s leading technology and proven expertise represent a unique combination of assets that will deliver unparalleled value to Watson Health clients. Together, we will unlock unprecedented new opportunities to improve patient diagnostics and deliver enhanced care.”

In April IBM formed the Watson Health unit and has since then been relentlessly been trying to grow the department. The acquisition of Merge is the third acquisition by IBM in the health care industry. Stephen Gold was nominated as the VP at IBM Watson.

According to Gold they will continue to build their new unit. Gold also shared with TC that IBM will also continue to invest in health related research. Research investments will be towards core technologies. Reportedly IBM will gain more than 7,500 healthcare sites in the US. The deal will give IBM a large expansion in the health care industry.

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