Francisco Partners scoops up bulk of IBM's Watson Health unit

 

In what would be considered the end of its anti-climax, IBM today sold its Watson Health unit's data assets to private equity firm Francisco Partners. The two companies did not share a purchase price. But earlier reports put the value at around $1 billion.

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under the terms of the agreement Francisco is seizing parts of the unit, including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex and Imaging Software. it

When IBM assembled Watson Health in 2015, it hoped to dominate the vertical by building a unit around a data-driven strategy. As a result, it began merging health data companies, starting with Phytel and Explorys.