Commure Inc., a supplier of expertise providers to healthcare programs, has entered into an settlement to purchase Augmedix Inc. (Nasdaq: AUGX), an ambient AI medical documentation and information options firm, for roughly $139 million in fairness worth.



Augmedix stockholders will obtain $2.35 per share in money upon completion of the proposed transaction, and San Francisco-based Augmedix will develop into a completely owned subsidiary of Commure.

Since merging with Athelas, Commure’s suite of options contains Affected person Engagement, Workflow Automation, Employees Security, At-Dwelling Affected person Monitoring, Billing Options, and Automated Dictation.

“This proposed transaction with Commure gives certainty and a premium worth for our stockholders, representing a transformative subsequent step in Augmedix’s mission to unburden clinicians of administrative duties whereas dramatically bettering well being system effectivity,” stated Manny Krakaris, Chief Govt Officer at Augmedix, in a press release. “As a part of Commure, we consider Augmedix shall be well-positioned to scale ambient documentation options to much more clinicians and well being programs whereas concurrently accelerating efforts to infuse extra revolutionary options, integrations, and AI capabilities into our product suite. Importantly, Commure is strongly aligned with Augmedix’s mission and imaginative and prescient for the longer term. We consider that the numerous sources, deep business experience, and broadened expertise capabilities we achieve via this transaction will strengthen our market place, allow us to reap the benefits of extra alternatives and create a robust, future-focused firm. We look ahead to persevering with to serve our prospects and help our staff who’re relentless of their pursuit of higher medical, operational, and monetary outcomes.”

“By our acquisition of Augmedix,” added Tanay Tandon, Chief Govt Officer at Commure, in a press release, “we’re taking an enormous step ahead in constructing the well being AI working system of the longer term, utilizing language fashions to consolidate varied level options right into a single, built-in platform for suppliers, medical operations groups, and healthcare IT.”