Fonix exits healthcare after L&H acquisition

Article

Fonix exits healthcare after L&H acquisition Consolidation continues in the speech recognition market. In the latest corporate move, Fonix has signed a definitive agreement to sell its Healthcare Solutions Group to Lernout & Hauspie Speech

Fonix exits healthcare after L&H acquisition

Consolidation continues in the speech recognition market. In the latest corporate move, Fonix has signed a definitive agreement to sell its Healthcare Solutions Group to Lernout & Hauspie Speech Products of Burlington, MA. Fonix's Healthcare Solutions Group was formed in 1998 when Fonix acquired Articulate Systems and the PowerScribe business unit of the MRC Group (PNN 10/98). Burlington, MA-based L&H will pay $28 million for the group, which is headquartered in Woburn, MA. The May 19 deal is subject to regulatory and Fonix shareholder approvals, and is expected to be completed by the third quarter.

Newsletter

Stay at the forefront of radiology with the Diagnostic Imaging newsletter, delivering the latest news, clinical insights, and imaging advancements for today’s radiologists.

Recent Videos
New Research Examines Radiation Risks with CT Exposure Prior to Pregnancy
Diagnostic Imaging’s Weekly Scan: August 31 — September 6
New Echocardiography Research Suggests Emerging Marker for Cardiomyopathy Detection in Patients with Duchenne Muscular Dystrophy
© 2025 MJH Life Sciences

All rights reserved.