ARMONK (dpa-AFX) - IBM (IBM) Watson Health announced plans to acquire Truven Health Analytics, a provider of cloud-based healthcare data, analytics and insights for $2.6 billion.
The company noted that Truven will bring more than 8,500 clients, including U.S. federal and state government agencies, employers, health plans, hospitals, clinicians and life sciences companies to the IBM Watson Health portfolio.
The deal is projected to close later this year, subject to satisfaction of customary closing conditions and applicable regulatory reviews.
Upon completion of the acquisition, IBM's health cloud will house one of the world's largest and most diverse collections of health-related data, representing an aggregate of approximately 300 million patient lives acquired from three companies.
IBM plans to integrate Truven's extensive cloud-based data set spanning hundreds of different types of cost, claims, quality and outcomes information with its existing data sets.
Upon close, IBM will have invested more than $4 billion to acquire and build an unparalleled array of cognitive healthcare capabilities intended to help professionals improve health outcomes, control costs, and advance value-based care solutions.
Upon close, the acquisition of Truven will bolster Watson Health's global talent footprint to more than 5,000 employees, including hundreds of clinicians, epidemiologists, statisticians, healthcare administrators, policy experts and healthcare consultants who will join the IBM business unit. Truven's cloud-based technology, methodologies and health claims data will be integrated into the Watson Health Cloud over time.
Copyright RTT News/dpa-AFX