Cerner to Buy Siemens Health Data Unit for $1.3 Billion

August 05, 2014

Cerner Corp. (CERN) agreed to buy Siemens AG (SIE)’s health information technology unit for $1.3 billion as the U.S. electronic medical records provider plans to tap rising spending on software by hospitals and doctors. 

The two companies plan a “strategic alliance” around medical devices, imaging and health-care technology, they said yesterday in a statement. The purchase is expected to add more than 15 cents to earnings per share in 2015, Kansas City-based Cerner said.

Click here to read the full article from Bloomberg