Cerner Passes Regulatory Hurdle for Siemens Acquisition | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Cerner Passes Regulatory Hurdle for Siemens Acquisition

September 19, 2014
by Gabriel Perna
| Reprints

The U.S. Federal Trade Commission granted early termination for Cerner of the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, which will allow the Kansas City-based company to maintain its acquisition of Siemens Health Services for $1.3 billion in cash.

Waiving of the HSR waiting period was a condition to the closing of the pending acquisition. The acquisition remains subject to other customary closing conditions and is still expected to close in the first quarter of 2015.

"We're pleased to have cleared this important regulatory hurdle and to be one step closer to integrating Siemens Health Services and its clients into the Cerner family," Dick Flanigan, Cerner senior vice president, said in a statement.

The Cerner-Siemens was announced in August. The deal will combine R&D, knowledgeable resources, and complementary client bases. Specifically, Cerner says the combined company will have 20,000 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 $4.5 billion of annual revenue.

Topics

News

Survey: By 2019, 60% of Medicare Revenues will be Tied to Risk

Medical groups and health systems that are members of AMGA (the American Medical Group Association) expect that nearly 60 percent of their revenues from Medicare will be from risk-based products by 2019, according to the results from a recent survey.

83% of Physicians Have Experienced a Cyber Attack, Survey Finds

Eighty-three percent of physicians in a recent survey said that they have experienced some sort of cyber attack, such as phishing and viruses.

Community Data Sharing: Eight Recommendations From San Diego

A learning guide focuses on San Diego’s experience in building a community health information exchange and the realities of embarking on a broad community collaboration to achieve better data sharing.

HealthlinkNY’s Galanis to Step Down as CEO

Christina Galanis, who has served as president and CEO of HealthlinkNY for the past 13 years, will leave her position at the end of the year.

Email-Related Cyber Attacks a Top Concern for Providers

U.S. healthcare providers overwhelmingly rank email as the top source of a potential data breach, according to new research from email and data security company Mimecast and conducted by HIMSS Analytics.

Former Health IT Head in San Diego County Charged with Defrauding Provider out of $800K

The ex-health IT director at North County Health Services, a San Diego County-based healthcare service provider, has been charged with spearheading fraudulent operations that cost the organization $800,000.