A new report by J.P. Morgan analyst Tien-tsin Huang focuses on the IT Services industry, particularly its relationship with the Healthcare sector. Huang addressed recent developments and trends in the industry and the impact they could have on the major players.
IBM Acquires Merge
Last week, International Business Machines Corp IBM 0.79% agreed to purchase Merge Healthcare Inc MRGE 0.42% and its medical image handling and processing platform for $1 billion.
“IBM intends to integrate Merge’s medical imaging management platform with Watson’s newly developed image analytics capabilities to generate insights from medical images, electronic health records, wearable device data, and other related medical data,” Huang explains, adding that he believes the deal “makes sense” when it comes to IBM’s business strategy.
Growing Cloud
According to the report, investors should expect…
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