Cerner set to buy Siemens Health Services for $1.3 billion

Cerner Corporation intends to acquire Siemens Health Services for $1.3 billion in cash, according to an announcement from both companies. As a result of the acquisition, the two companies will have a combined total of $4.5 billion annual revenue, $650 million in annual research and development investment, 20,000 associates in more than 30 countries and 18,000 client facilities worldwide. "We believe this is an all-win situation for the clients of both organizations and all of our associates and shareholders," Neal Patterson, Cerner chairman, CEO and co-founder, said in the statement. Read the full article at FierceEMR