Cerner to Buy Siemens Health Services for $1.3B

August 05, 2014

 Health information technology company Cerner Corp. is buying the health information technology business unit of German industrial conglomerate Siemens AG for $1.3 billion in cash.

The two companies announced the deal on Tuesday.

Kansas City-based Cerner says it expects the acquisition of Siemens Health Services to contribute 15 cents per share to its adjusted earnings next year and more than 25 cents per share in 2016.

Click here to read the full article from ABC News