Cerner: Siemens health IT unit positions company for move beyond EHRs
August 05, 2014
Health technology and electronic health records powerhouse Cerner Corp. is spending $1.3 billion to purchase Siemens Health Services, the health information technology business of Germany's Siemens AG, Cerner announced Tuesday.
The newly combined company will have $4.5 billion in annual revenue and will invest $650 million annually in research and development, Kansas City, Mo.-based Cerner said. Its client base will include 18,000 facilities in the U.S. and Germany.
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