IBM to Sell Watson Healthcare Data, Analytics Assets to Francisco Partners
21 Gennaio 2022 - 2:46PM
Dow Jones News
By Colin Kellaher
International Business Machines Corp. on Friday said it agreed
to sell the healthcare data and analytics assets of its Watson
Health business to private-equity firm Francisco Partners for an
undisclosed amount.
The Armonk, N.Y., technology giant said the sale includes
extensive and diverse data sets and products, such as Health
Insights, MarketScan, Clinical Development, Social Program
Management, Micromedex and imaging software offerings.
The Wall Street Journal early last year reported that IBM was
exploring a potential sale of Watson Health, which employs
artificial intelligence to help hospitals, insurers and drugmakers
manage their data.
IBM, which expects to complete the sale in the second quarter,
on Friday said it remains committed to Watson, its broader AI
business, and the clients and partners it supports in healthcare
IT.
Francisco, a San Francisco-based technology-focused firm, has
more than $30 billion in assets under management.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 21, 2022 08:31 ET (13:31 GMT)
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