Here is a wikihow article that claims that Word 2007 or newer will convert these documents for you.
http://m.wikihow.com/Turn-a-Scanned-...-Word-Document

You can also get a free 30 day trail of Adobe XL, which you can download here, we have used this on a number of occasions when revising our parent and staff handbooks. I hope this helps!

http://success.adobe.com/en/na/sem/p...140425040620:s