Samsung may be one of the companies looking to acquire Nuance Communications, the Wall Street Journal is reporting.
Beyond providing voice recognition technology and mobile software which is used in many of Samsung’s mobile devices, Nuance also makes solutions that help digitize patient information. In fact, most of Nuance’s money comes from its healthcare products and services.
Most of Nuance’s money comes from its healthcare products and services. The company has a market cap of around $5.5 billion.It’s unclear which part of Nuance Samsung may be looking to buy. On one hand, they may want to strengthen their mobile device/services business, and on the other – they may be going for some healthcare clients.
In recent years, the Korean company has been pushing hard in the mHealth space with its latest flagship smartphone Galaxy S5 boasting a built-in heart rate monitor. Samsung also offers the S Health app that allows users to track their vitals over time. Nevertheless, the company’s current efforts are turned to consumers rather than hospitals, which are Nuance’s clients.
Nuance has a market cap of around $5.5 billion; Carl Icahn is the company’s largest shareholder.