Cerner announces $1.3 billion purchase of Siemens Health Services

August 05, 2014

 Kansas City-based Cerner Corp. said Tuesday it intends to acquire Siemens Health Services for $1.3 billion in cash.

The deal is expected to increase Cerner revenue and employment by more than a third each — boosting Cerner’s worldwide employment to 20,000 and its revenues to $4.5 billion a year.

Both Cerner and Siemens sell software and consulting services to health care providers to help them manage and share patient health records.

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