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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
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Delayed Quote. Delayed Nasdaq - 11/27 01:00:00 pm
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Microsoft : and Providence St. Joseph Health announce strategic alliance to accelerate the future of care delivery

07/08/2019 | 07:38am EST

Providence St. Joseph Health, in partnership with Microsoft, will develop and deploy new health care technologies that will harness the power of Microsoft Azure and AI with clinical expertise to transform the care experience

RENTON, Wash., and REDMOND, Wash., July 8, 2019 - Microsoft Corp. and Providence St. Joseph Health today announced a multi-year strategic alliance to accelerate the digital transformation of health care. The alliance will combine the power of Microsoft's cloud, artificial intelligence (AI), research capabilities, and collaboration tools with the clinical expertise and care environments of Providence St. Joseph Health, one of the largest health systems in the country.

The two organizations will develop a portfolio of integrated solutions designed to improve health outcomes and reduce the total cost of care by combining technologies from Microsoft with Providence St. Joseph Health's data and clinical expertise. The alliance will accelerate the health care industry's adoption of the cloud and enable data-driven clinical and operational decision-making by leveraging Microsoft Azure, and industry interoperability standards like FHIR, to integrate siloed data sources in a cloud environment that enables security and compliance.[Attachment]

Providence St. Joseph Health will deploy next-generation solutions and emerging technologies from Microsoft and its partners at a Providence St. Joseph Health-affiliated hospital facility in Seattle, Wash., near Microsoft's Redmond headquarters. This site will enable modern clinical and operational experiences for both patients and providers. The goal will be to scale these innovations across the entire Providence St. Joseph Health system, in a transformation that will bring innovative and necessary solutions to more communities.

'Providence St. Joseph Health has been on a journey to transform health care and achieve a vision of health for a better world. We're excited to accelerate that journey by collaborating with Microsoft. Together, we'll support doctors, nurses and all caregivers by equipping them with innovative tools and technology that make it easier to do the vitally important work of improving lives,' said Rod Hochman, M.D., president and CEO of Providence St. Joseph Health.
[Attachment] 'Our alliance with Providence St. Joseph Health brings together the expertise of one of the largest and most comprehensive health systems in the country with the power of Azure, Microsoft 365 and Dynamics 365,' said Satya Nadella, CEO of Microsoft. 'Our ambition is to accelerate Providence St. Joseph Health's digital transformation and to build new innovations together that are designed to improve health care delivery and outcomes.'

As part of the strategic alliance, Providence St. Joseph Health will use Microsoft Azure as its preferred cloud platform and standardize productivity and collaboration tools for its 119,000 caregivers on Microsoft 365, and will continue to improve and support patient engagement using technologies including Dynamics 365. Providence St. Joseph Health doctors and nurses will use Microsoft Teams, which is part of the Microsoft 365 platform, for more secure communication and collaboration, enabling them to bring together chat, video meetings and conferencing, and line-of-business applications into a single hub.

About Providence St. Joseph Health
Providence St. Joseph Health is a national, not-for-profit Catholic health system comprising a diverse family of organizations and driven by a belief that health is a human right. With 51 hospitals, 829 physician clinics, senior services, supportive housing and many other health and educational services, the health system and its partners employ more than 119,000 caregivers serving communities across seven states - Alaska, California, Montana, New Mexico, Oregon, Texas and Washington with system offices based in Renton, Wash., and Irvine, Calif.

About Microsoft

Microsoft (Nasdaq 'MSFT' @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

Media Contacts:

Elizabeth Brophy, Providence St. Joseph Health, Elizabeth.Brophy@Providence.org

Microsoft Media Relations, WE Communications for Microsoft, rrt@we-worldwide.com

Disclaimer

Microsoft Corporation published this content on 08 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 July 2019 11:37:07 UTC


© Publicnow 2019
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Financials (USD)
Sales 2021 158 B - -
Net income 2021 51 344 M - -
Net cash 2021 76 102 M - -
P/E ratio 2021 31,9x
Yield 2021 1,01%
Capitalization 1 627 B 1 627 B -
EV / Sales 2021 9,81x
EV / Sales 2022 8,76x
Nbr of Employees 163 000
Free-Float 99,9%
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Mean consensus BUY
Number of Analysts 39
Average target price 242,47 $
Last Close Price 215,23 $
Spread / Highest target 29,2%
Spread / Average Target 12,7%
Spread / Lowest Target -16,4%
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NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
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