Nuance to Buy eScription

Nuance is probably better known by their dictation software, Dragon Naturally Speaking which has been on the market for a number of years and has a medical version specifically for physicians.  BD  

Nuance Communications will acquire transcription/dictation/speech recognition vendor eScription Inc. for cash and other considerations totaling $400 million. 

The deal also includes private equity firm Warburg Pincus LLC of New York making a $100 million investment in Burlington, Mass.-based Nuance.The acquisition will augment Nuance’s existing dictation and transcription services for hospitals and other provider organizations. Needham, Mass.-based eScription, with revenue of $40 million in 2007, sells a Web-based, on-demand dictation application that includes speech recognition software.While Nuance primarily serves physician practices and mid-sized hospitals, eScription has targeted large hospitals and delivery systems, and has about 100 clients. The acquisition will enable Nuance to cross-sell to these clients its radiology dictation/transcription system, front-end Dragon speech recognition software for physicians, and the Veriphy software to send alerts to physicians of important test results.

Nuance to Buy eScription