Francisco Partners, a global investment firm specializing in technology businesses, has acquired healthcare data and analytics assets from IBM that are currently under the Watson Health business.
The acquired assets included large and diverse data sets and products that include health insights, MarketScan, clinical development social program management, micromedex and imaging software. Over the course of the last 20 years, Francisco has invested in over 400 technology firms with specialized experience across healthcare technology.
“We have followed IBM’s journey in healthcare data and analytics for a number of years and have a deep appreciation for its portfolio of innovative healthcare products,” said Ezra Perlman, co-president at Francisco Partners. “IBM built a market leading team and provides its customers with mission critical products and outstanding service.”
“Partnering with corporations to execute divisional carve-outs has been a core focus of Francisco Partners,” added Justin Chen, prinicpal at Francisco Partners. “We look forward to supporting the talented employees and management team, helping the standalone company focus on growth opportunities to realize its full potential, and delivering enhanced value to customers and partners.”