IT: Cerner wins coveted NHS contract

News that Kansas City-based Cerner has been awarded a deal as part of the massive $11.2 billion project to develop an electronic medical record system for the UK's National Health Service sent the company's stock to yet another 52-week high yesterday. Contractor Fujitsu, which is managing one of the five regions which make up the national project, named Cerner to replace competitor IDX Systems as a key subcontractor on Wednesday. The regional project is valued at approximately $1.63 billion. One estimate is that the deal could bring Cerner another $300 million in revenue over the next 10 years.

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