tech:

taffy

Veritas acquiring GE Healthcare technology unit for $1 billion

Private equity investment firm Veritas Capital has entered into a definitive agreement with GE to acquire the enterprise financial management, ambulatory care management, and workforce management (formerly API Healthcare) assets comprising GE Healthcare’s value-based care division for $1.05 billion in cash.

The transaction is expected to close during the third quarter of 2018, subject to customary closing conditions and regulatory approvals.

Morgan Stanley and Keval Health are acting as financial advisors to GE in the transaction. Goldman Sachs and William Blair are acting as financial advisors. Schulte Roth & Zabel  is serving as legal counsel to Veritas Capital in the transaction.

GE Healthcare is the $19 billion healthcare business of GE.

[Image courtesy: GE Healthcare]

Just in

Gordon Bell, an architect of our digital age, dies at age 89 — Ars Technica

Computer pioneer Gordon Bell, who as an early employee of Digital Equipment Corporation (DEC) played a key role in the development of several influential minicomputer systems and also co-founded the first major computer museum, passed away, writes Benj Edwards in Ars Technica. 

Amazon plans to give Alexa an AI overhaul — and a monthly subscription price — CNBC

Amazon is upgrading its decade-old Alexa voice assistant with generative artificial intelligence and plans to charge a monthly subscription fee to offset the cost of the technology, writes Kate Rooney in CNBC.

Scale raises $1B

San Francisco-based data foundry startup Scale has raised $1 billion in a Series F financing round, pegging the company at a $13.8 billion valuation.