Artificial intelligence developer IBM Watson Health has completed its purchase of cloud-based healthcare analytics firm Truven Health Analytics for $2.6 billion.
The deal adds more than 8,500 clients to the Watson Health portfolio, including U.S. federal and state government agencies, employers, health plans, hospitals, clinicians, and life science companies, according to IBM. The firm said that IBM and Truven data scientists will now begin to use Watson Health's cognitive capabilities to derive insights from Truven's health data.
IBM believes that healthcare organizations will tap into Truven's cloud-based data of cost, claims, quality, and outcomes information and combine disparate structured and unstructured datasets to extract insights for informing health decisions. Truven data will also be used to help optimize IBM's technology for value-based care, according to the firm.
