Cerner To Buy Siemens Health IT Business For $1.3 Billion

August 05, 2014

Cerner the provider of electronic health records run by billionaire Neal Patterson, is purchasing the health care information technology business of German industrial conglomerate Siemens for $1.3 billion. 

The deal, which values the Siemens business at slightly more than one times sales, will increase Cerner’s annual revenue from about $3 billion last year to more than $4.5 billion of annual revenue this year. The combined company will have 20,000 associates in more than 30 countries, and 18,000 facilities that will be clients.

Click here to read the full article from