Aug. 6 (Bloomberg) -- Cerner Corp. agreed to buy Siemens AG’shealth information technology unit for $1.3 billion as the U.S.electronic medical records provider plans to tap rising spending onsoftware by hospitals and doctors.
The two companies plan a “strategic alliance” around medicaldevices, imaging and health care technology, they said yesterday ina statement. The purchase is expected to add more than 15 cents toearnings per share in 2015, Kansas City-based Cerner said.
The Obama administration has paid doctors and hospitals about$25 billion to install the systems since 2011, trying to improvethe efficiency and safety of health care. Siemens had beenexploring the sale of its hospital information unit to focus onenergy and industrial businesses, two people familiar with theplans told Bloomberg News last month. Cerner is the fourth-leadingsupplier of electronic records systems to U.S. hospitals, accordingto Software Advice, anAustin, Texas, consulting firm.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
