Major Acquisition in Health Tech Space Moving Forward

Major Acquisition in Health Tech Space Moving ForwardIn case you missed it, Cerner Corporation (CERN) and Siemens AG recently announced big plans.

They’re merging.

The companies have now signed a definitive agreement for Cerner to acquire the assets of Siemens’ health information technology business unit, Siemens Health Services.

The deal is worth $1.3 billion in cash.

By combining investments in R&D, knowledgeable resources, and complementary client bases, the acquisition creates scale for future innovation.

Cerner and Siemens say that as the partnership develops, they will endeavor to bring new solutions to market that “combine Cerner’s health IT leadership and Siemens’ strengths in medical devices and imaging.”

“We believe this is an all-win situation for the clients of both organizations and all of our associates and shareholders,” says Neal Patterson, Cerner’s CEO. “Through more than $4 billion of cumulative investments in R&D, Cerner has established a strong market standing and is positioned for continued growth. Siemens’ health care IT assets provide additional scale, R&D, an impressive client base, and knowledgeable and experienced associates who will help Cerner achieve our plans for the next decade. In addition, the alliance we’re creating will drive the next generation of innovations that embed information from the EMR inside advanced diagnostic and therapeutic technologies, benefitting our shared clients.”

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