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

Suggested Articles

The profit margins and management of Community Health Group raise questions about oversight of managed care insurers.

Financial experts are warning practices about the pitfalls of promoting medical credit cards to their patients.

A proposed rule issued by HHS on Tuesday would expand short-term coverage, a move Seema Verma said will have "virtually no impact" on ACA premiums.