Cerner Officially Completes Acquisition of Siemens Health Services | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Cerner Officially Completes Acquisition of Siemens Health Services

February 2, 2015
by Rajiv Leventhal
| Reprints

Cerner, the Kansas City-based electronic health record (EHR) vendor, has announced that it has officially completed its $1.3 billion acquisition of Siemens Health Services.

The deal, which was announced in August 2014, makes Cerner the top revenue-earning company among U.S. EHR vendors. Cerner says with the deal it will have 21,000 associates in more than 30 countries, 18,000 client facilities, including some of the largest health care organizations in their respective countries, $650 million of annual R&D investment, and a projected $4.8-$5 billion of annual revenue.

Each organization—Cerner and Siemens AG, the former parent company of Siemens Health Services—expects to invest up to $50 million during an initial three-year term. The early focus of the alliance, which combines Cerner’s health IT prowess with Siemens AG’s imaging and device knowledge, is on integrating diagnostics and therapeutics into the electronic health record, Cerner officials said.

By combining client bases, investments in R&D and associates, we are in a great position to lead clients through one of the most dynamic eras in healthcare,” Neal Patterson, Cerner chairman, CEO and co-founder, said in a statement. “Cerner remains focused on key development areas including population health, physician experience, open platforms, revenue cycle and mobility. We see these as critical areas of investment to ensure providers can meet growing regulatory demands and control costs, while continuing to improve quality of care.”

Get the latest information on Medical Imaging and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

NewYork-Presbyterian, Walgreens Partner on Telemedicine Initiative

NewYork-Presbyterian and Walgreens are collaborating to bring expanded access to NewYork-Presbyterian’s healthcare through new telemedicine services, the two organizations announced this week.

ONC Releases Patient Demographic Data Quality Framework

The Office of the National Coordinator for Health IT (ONC) developed a framework to help health systems, large practices, health information exchanges and payers to improve their patient demographic data quality.

AMIA, Pew Urge Congress to Ensure ONC has Funding to Implement Cures Provisions

The Pew Charitable Trusts and the American Medical Informatics Association (AMIA) have sent a letter to congressional appropriators urging them to ensure that ONC has adequate funding to implement certain 21st Century Cures Act provisions.

Former Michigan Governor to Serve as Chair of DRIVE Health

Former Michigan Governor John Engler will serve as chair of the DRIVE Health Initiative, a campaign aimed at accelerating the U.S. health system's transition to value-based care.

NJ Medical Group Launches Statewide HIE, OneHealth New Jersey

The Medical Society of New Jersey (MSNJ) recently launched OneHealth New Jersey, a statewide health information exchange (HIE) that is now live.

Survey: 70% of Providers Using Off-Premises Computing for Some Applications

A survey conducted by KLAS Research found that 70 percent of healthcare organizations have moved at least some applications or IT infrastructure off-premises.