Nuance Communications Acquires Dictaphone Corporation for $359,000,000

  • Feed Type
  • Date
    3/31/2006
  • Company Name
    Dictaphone Corporation
  • Mailing Address
    3191 Broadbridge Ave Stratford, CT 06614-2599
  • Company Description
    Dictaphone, ranked 31st in Healthcare Informatics ranking of top 100 companies by healthcare revenue, is the leading provider of dictation, transcription, speech recognition and natural language processing systems in the healthcare market.
  • Website
    http://www.dictaphone.com
  • Transaction Type
    M&A
  • Transaction Amount
    $359,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, net consideration for the transaction was $359 million in cash, after accounting for all closing adjustments. Concurrent with the closing of the acquisition, Nuance also closed a senior secured debt facility from UBS Investment Bank, Credit Suisse, Citigroup and Bank of America. The facility comprises a $355 million term loan and a $75 million revolving credit facility.