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United Kingdom,United States : CERNER takes over SIEMENS' hospital IT business in $1.3 BILLION deal

August 8, 2014



Cerner declared that it has agreed to buy Siemens' health information technology business unit, Siemens Health Services for $1.3 billion.

Under the agreement, both the companies will enter into a three-year strategic alliance to strengthen Cerner's health IT technology and Siemens's medical devices and imaging technology.

As per the strategic alliance, each company contributes about $50m to fund projects that are important to both the companies.

The acquisition will combine investments in R&D, knowledgeable resources and complementary client bases.

Siemens Healthcare CEO Hermann Requardt said: "In the recent years, we have continuously invested in our HS-portfolio and achieved significant progress on the technology side."

Cerner chairman, CEO and co-founder Neal Patterson said: "We believe this is an all-win situation for the clients of both organisations and all of our associates and shareholders."

Following the completion of the acquisition, support for Siemens Health Services core platforms will remain in place and current implementations will continue, while Cerner plans to support and advance the Soarian platform for at least the next decade.


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Source: TendersInfo (India)


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