Cerner Corporation and Siemens AG this week announced a definitive agreement for Cerner to acquire the assets of Siemens’ health information technology business unit, Siemens Health Services. As part of the agreement, Cerner and Siemens will form a strategic alliance to bring new solutions to the market that combine Cerner’s health IT leadership and Siemens’ strengths in medical devices and imaging.
Cerner and Siemens will jointly invest in innovative projects that integrate health IT with medical technologies for the purpose of enhancing workflows and improving clinical outcomes. Each company will contribute up to $50 million to fund projects of shared importance to both companies and their clients. The alliance has a three-year initial term. Advanced workflows, along with medical images and their unique role in diagnostic and therapeutic decision-making, will be an early focus of the joint work.
“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 chairman, CEO and co-founder. “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. 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, benefiting our shared clients.” Read the Cerner press release.Read more