Friday, 24 March, 2023

IBM sells Watson Health unit to Francisco Partners

<p>IBM has sold its Watson Health data assets to Francisco Partners, a private equity firm. The two companies did not disclose the purchase price, but previous reports put it at around $1B. Francisco Partners intends to use these assets to establish a new standalone company. It intends to keep the same management team in place, at least for the time being. The transaction is expected to close in the second quarter, subject to regulatory approval.</p>