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November 15, 2018

Money

Burlington's Nuance to sell division for $400M as it focuses on language AI

Burlington-based Nuance Communications Inc. plans to sell its paperwork-imaging business for $400 million, the first major step in its new CEO’s plan to streamline the company around its artificial-intelligence conversation technology. Nuance (Nasdaq: NUAN) said that California-based Kofax Inc. would acquire the Document Imaging division, which helps companies securely digitize and manage important paperwork, in

Which public schools in Mass. have the highest SAT scores?

Massachusetts schools, from pre-school to 12th grade, are considered the best in the country. Nationally, Massachusetts seniors are considered the second-most college ready upon graduation. But out of all the Massachusetts public schools, which are the top dogs? The SAT is scored out of a possible 1,600, with a perfect score in reading/writing and math being 800

Athenahealth acquired for $5.7B, will combine with former GE business

Watertown-based athenahealth will be acquired by Veritas Capital and a private equity subsidiary of Elliott Management for $5.7 billion in cash, the companies announced Monday. Veritas and Evergreen Coast Capital will pay $135 per share for the health care software maker, a 12 percent premium over athenahealth’s closing stock price on Friday. The deal also

Pot shop preps for retail launch — and the traffic that comes with it

This story originally appeared on MassLive.com. As NETA prepares to become one of the first retail marijuana dispensaries in Massachusetts, the Conz Street business says it is collaborating with local officials to mitigate the expected traffic influx that will come with opening.  NETA, which opened its Northampton medical marijuana dispensary three years ago, has been preparing for months to

Cell therapy biotech Vericel eyes $2B knee repair market

While a competitor stumbles, Cambridge-based cell therapy biotech Vericel Corp. recently saw its share hit a new high after the company announced that its knee cartilage regeneration product could help far more patients than originally thought. Source: Boston Biz

Five things you need to know today, and what to call the Sox?

Good morning, Boston. Here are five things you need to know as you get started on Veteran’s Day: Report: Watertown’s athenahealth to be acquired for $5.5B Activist hedge fund Elliott Management and private equity firm Veritas Capital have agreed to acquire athenahealth for $135 per share — roughly $5.5 billion in cash, Reuters reported Sunday.

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