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Location: Home / Technology / IBM is selling off Watson Health to a private equity firm.

IBM is selling off Watson Health to a private equity firm.

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IBM is selling its Watson Health data and analytics business, the final step in the company’s retreat from what it once called a “moonshot” venture to improve health care, helping save lives and trim medical costs.

The business is being sold for an undisclosed price to Francisco Partners, a private investment firm, the companies announced on Friday.

Watson Health was se

t up as a separate business in 2015. IBM then spent more than $4 billion to acquire companies with medical data, billing records and diagnostic images on hundreds of millions of patients.

IBM has been trying to find buyers for the Watson Health business for more than a year. And it was seeking a sale price of about $1 billion, The Wall Street Journal reported last year.