Nuance Communications Inc, Burlington, Mass is in the process of acquiring eScription, a provider of computer-aided medical transcription technology. 

The combined organization would deliver scalable solutions and innovate ways to transform the way health care-provider organizations document patient care, such as structured reporting to facilitate cost-efficient and data-driven clinical documentation of patient encounters.
 
Under the terms of the agreement, total consideration for the transaction is roughly $363 million and comprises $340 million in cash and $23 million in Nuance common stock, plus the assumption of vested employee options with a value of about $37 million.

The transaction is expected to close in Nuance’s fiscal third quarter 2008 and is subject to customary closing conditions and regulatory approvals. 
 
In connection with the transaction, Warburg Pincus, a global private equity firm and investor in technology companies, has agreed to purchase 5,760,369 shares of Nuance common stock at a purchase price of $17.36 per share, for an aggregate investment of $100 million.