IBM to acquire Merge Healthcare for $1B

06 Aug 2015 10:23 AM | Denny Brennan (Administrator)

Modern Healthcare, by Bob Herman  | August 6, 2015

Global computing powerhouse IBM plans to acquire Chicago-based Merge Healthcare for $1 billion, a clear sign that IBM wants to grow its healthcare footprint further through its Watson technology.

Merge, a publicly traded company that makes the technology behind medical imaging systems, will be bought out for $7.13 per share. The deal is expected to close by the end of this year.

IBM, based in Armonk, N.Y., made its big splash into healthcare earlier this year after it bought Explorys, a cloud-based analytics company, from the Cleveland Clinic. IBM's Watson division also partnered with Apple, Johnson & Johnson and Medtronic to collect and analyze healthcare and medical device data.

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