Cerner, the large Kansas City-based electronic health record (EHR) vendor, is offering voluntary buyouts to certain employees whose age and years of service total 65.
The news was reported by The Kansas City Star. It comes on the heels of Cerner’s $1.3 billion acquisition of Siemens’ health IT division, which was finalized a few weeks back and announced in August of 2014. The reason for the voluntary buyouts, according to The Star, is to diminish places where there is overlap. The company told the newspaper that it still intends to grow its business and add thousands of employees over the coming years.
Those who take the buyout will get the financial compensation that align with their tenure, as well as vacation and medical benefits. It’s unclear if Cerner will start laying off employees whose jobs are redundant if they don’t meet a certain benchmark. The company said there was no specific number to reach.
With the deal, Cerner has more than 20,000 associates in 30-plus countries, 18,000 client facilities, $650 million of annual R&D investment, and a projected $4.5 billion of annual revenue.