Truven’s current owner is Veritas Capital.
With the acquisition, which is expected to close later this year, subject to satisfaction of customary closing conditions and applicable regulatory reviews, Truven will bring more than 8,500 clients, including U.S. federal and state government agencies, employers, health plans, hospitals, clinicians and life sciences companies to the IBM Watson Health portfolio.
IBM plans to integrate Truven’s cloud-based data set spanning hundreds of different types of cost, claims, quality and outcomes information with its existing data sets. Through Watson Health Cloud, healthcare organizations will be able to take vast amounts of unstructured data, and combine them together to create insights that support a broad range of health decisions.
The acquisition will increase Watson Health’s global employee’s base to more than 5,000 people, including hundreds of clinicians, epidemiologists, statisticians, healthcare administrators, policy experts and healthcare consultants who will join the IBM business unit.
Led by CEO Mike Boswood, Truven also has offices in Denver, Chicago, Raleigh-Durham, and a center in India.