Heartland Health Monitor
4:02 pm
Tue August 5, 2014

Cerner To Acquire Siemens Unit For $1.3 Billion In Cash

 

Cerner's headquarters in North Kansas City.
Cerner's headquarters in North Kansas City.
Credit Elana Gordon / KCUR

Kansas City, Mo.-based Cerner Corp., has agreed to acquire the assets of Siemens AG’s healthcare information technology unit for $1.3 billion in cash.

The combined companies will have more than 20,000 employees in 30 countries and $4.5 billion in annual revenue, according to a news release.

Cerner, a major provider of electronic health records, has more than 14,000 employees worldwide — about 9,600 of them in the Kansas City area — and posted nearly $400 million in profits last year.

The transaction is expected to be completed in the first quarter of 2015. Cerner said the deal is expected to add 15 cents to adjusted per-share earnings in 2015 and more than 25 cents in 2016.