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Nuance Consolidates Health Solutions with Acquisition of Transcription Company

Boston business news

Nuance Communications, Inc. will acquire Transcend Services, Inc., a provider of medical transcription and speech editing services, for approximately $300 million, net, in cash. With Transcend, Nuance will accelerate access to and expand its customer base within the small- to mid-size hospital market, which comprises approximately 90 percent of hospitals in the U.S. and increasingly demands cost effective, voice-enabled, clinical documentation solutions to achieve Meaningful Use and the transition to ICD-10.