Menu
IBM gets 215 million patient profiles in US$2.6 billion analytics firm buy

IBM gets 215 million patient profiles in US$2.6 billion analytics firm buy

The deal for Truven Health Analytics beefs up IBM's Watson Health Cloud

IBM's Watson Health, the company's 10-month-old healthcare data crunching unit, plans to acquire Truven Health Analytics and its 215 million patient profiles, with the ultimate goal of helping health-care providers make better business and patient-care decisions.

The US$2.6 billion deal, announced Thursday, gives IBM Watson Health access to a huge new data set in the unit's efforts to mine data to improve health-care quality while controlling costs.

Including data from Truven, Watson Health will have access to about 300 million patient data sets, IBM said. Using IBM's Watson Health Cloud, health-care organizations will be able to combine several data sets.

Truven's health-care provider data, combined with other data sets and the computing power of Watson, gives IBM's a "pretty powerful platform," said Eric O'Daffer, a health-care supply chain analyst with Gartner.

The acquisition of Truven, expected to close later this year, will also add hundreds of clinicians, epidemiologists, statisticians, health-care administrators, policy experts and health-care consultants to Watson Health, IBM said. IBM will purchase Truven from current owner Veritas Capital.

Truven, headquartered in Ann Arbor, Michigan, has more than 8,500 customers, including U.S. federal and state government agencies, employers, health plans, hospitals, clinicians and life sciences companies, IBM said.

IBM has championed Watson Health as a tool to bring high-quality health-care to remote areas, to match patients to clinical trials, and to give health researchers access to massive data sets.

"Lots of the future of progress in healthcare lies in this analytics area," O'Daffer said. "The ability to take data that intersects multiple systems ... and the ability to synthesize that data in a meaningful way to make better decisions is really the key to the next phase of progress."

Truven Health Analytics is IBM’s fourth major health-related acquisition since launching its Watson Health unit in April 2015. Previously, IBM acquired Phytel, a population health software vendor; Explorys, a cloud-based health-care intelligence company, and Merge Healthcare, a medical imaging firm.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments