Speech-recognition technology provider Nuance Communications, Burlington, Mass., has announced it will acquire Focus Infomatics, a provider of speech-recognition editing technology and off shore transcription services based in India, in a cash deal valued by the company at $58 million.
"Focus' outstanding reputation for speech-editing services and highly skilled workforce will support the rapid growth of iChart, our hosted speech-enabled transcription service, said Paul Ricci, chairman and chief executive officer of Nuance, in a news release.
The deal is expected to close by the end of the month and will add about 300 hospitals, clinics and integrated delivery networks to Nuances client base, according to Peter Durlach, senior vice president of marketing and product strategy for Nuances Dictaphone Healthcare Solutions, which has about 3,000 customers, mostly acute-care facilities.
Focus has U.S. offices in Woburn, Mass., and service centers in five locations in India, Durlach said. The Focus management team, headed by CEO Anirudh Baheti, will remain in place and the company will retain its name and operate as a wholly owned business group of Nuance.