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What was the reason for the Transcend/Nuance merge or buyout? - Does anyone know?
Posted: Mar 10, 2012
Are they saying its because of technology reasons?
reason for merger - wiseoldwoman
[ In Reply To ..]
Outwardly, they're saying "it's the perfect marriage of their techology and our transcription savvy." But read the link I posted below and I think you'll find $$$$$ as the REAL reason.
According to what I read, Nuance is purchasing Transcend - to expand further into the small to
[ In Reply To ..]
mid-size hospital transcription market, by far most hospitals out there. I was with Webmedx, which similarly had a concentration in typical regional medical centers, so this is more of the same push to dominate the U.S. transcription market. What the ultimate goal of a very multi-faceted company like Nuance that focuses on high-tech answers is I couldn't say, except that current strategy is obviously to dominate all aspects of medical IT here and now, and MT/ME is still part of that field. At least when I'm pushed out altogether, I now know just whose hand'll be in my back. :)
BTW, the price I read was $300 million.
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