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IBM Sells Some Watson Health Assets for More Than $1 Billion

  • Francisco Partners will buy some healthcare data and analytics
  • IBM is shedding some businesses as it focuses on hybrid-cloud
IBM's Watson during an event at the company's headquarters in New York.

IBM's Watson during an event at the company's headquarters in New York.

Photographer: Michael Nagle/Bloomberg

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International Business Machines Corp. agreed to sell part of its IBM Watson Health business to private equity firm Francisco Partners, scaling back the technology company’s once-lofty ambitions in health care.  

The value of the assets being sold, which include extensive and wide-ranging data sets and products, and image software offerings, is more than $1 billion, according to people familiar with the plans. IBM confirmed an earlier Bloomberg report on the sale in a statement on Friday, without disclosing the price.