Features Partner Sites Information LinkXpress
Sign In
Advertise with Us
Advantech Europe

Events

18 Feb 2016 - 20 Feb 2016
19 Feb 2016 - 21 Feb 2016
27 Feb 2016 - 03 Mar 2016

Cerner Shakes Up IT Sector by Acquiring Siemens’ Health Information Services

By Medimaging International staff writers
Posted on 07 Aug 2014
Print article
Cerner Corporation (Waltham, MA, USA) and Siemens AG (Munich, Germany) have entered into a definitive agreement for Cerner to acquire Siemens' Health Information Technology (IT) business unit, Siemens Health Services, for USD 1.3 billion in cash. The two companies will have a combined total of USD 4.5 billion annual revenue, as well as USD 650 million in annual research and development funds. As part of the agreement, Cerner and Siemens will form a strategic alliance to bring new solutions to market that combine Cerner's health IT leadership and Siemens' strengths in medical devices and imaging.

In part of Kalorama's (New York, NY, USA) EMR market report earlier this year, Siemens is one of the companies that has moved away from electronic medical records in favor of other systems. The move should help Cerner build its place over its rivals McKesson, Epic, and Allscripts.

This agreement is a strategic alliance of a three-year term combining investments in R&D, knowledgeable resources, and complementary client bases. Each company will contribute up to USD 50 million to fund projects of shared importance, aimed at rapidly achieving the next generation of clinical computing to deliver precision medicine at higher quality and lower costs.

For Siemens, the move is one more indication that Siemens may be backing off some parts of its healthcare portfolio. Earlier in the year, the company sold its microbiology testing unit to rival Beckman Coulter.

Given these companies’ strategies, as outlined in Kalorama’s (New York, NY, USA; www.kalorama.com) market for electronic medical records (EMR) Markets 2014, none of these developments is surprising. Cerner is committed to an open healthcare ecosystem able to send and receive data in a universal manner, strongly believing in the proposal that EMRs are not a one-size-fits-all proposition. Siemens Medical Solutions strategy for growth has been based on finding complementary technology that enables Siemens to offer complete solutions.

Neal Patterson, Cerner chairman, CEO and co-founder, comments, "We believe this is an all-win situation for the clients of both organizations and all of our associates and shareholders. Through more than USD 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."

Related Links:

Cerner Corporation
Siemens
Kalorama



Print article
PHS Technologies

Channels

Radiography

view channel

No Proof That X-ray Radiation Causes Cancer

The widespread belief that radiation from X-rays can cause cancer is based on an invalid paradigm for estimating low-dose radiation exposure risk, according to a new study. According to researchers at Loyola University Medical Center (Maywood, IL, USA), the linear no-threshold (LNT) model, which is constantly used today... Read more

MRI

view channel

fMRI Could Help Identify New Painkillers

Measuring the brain's neural response to pain using functional magnetic resonance imaging (fMRI) may be a viable tool for evaluating the effectiveness of new pain medications, according to a new study. Researchers at John Radcliffe Hospital (Oxford, United Kingdom) and Oxford University (United Kingdom) conducted a double-blind,... Read more

Ultrasound

view channel
Image: The Verathon BladderScan Prime (Photo courtesy of Verathon).

Portable Ultrasound Device Quantifies Bladder Volume

A new portable three-dimensional (3D) ultrasound instrument helps reduce catheter-associated urinary tract infections (CAUTI) by reducing the use of catheters. The Verathon BladderScan Prime is a noninvasive... Read more

Nuclear medicine

view channel
Image: The SiPM detector (Photo courtesy of Volkmar Schultz, Aachen University).

New Hybrid PET/MRI System Developed for Enhanced Breast Cancer Imaging

A novel imaging technique is being developed that can improve breast cancer detection and characterization, and help clinicians evaluate the response of the cancer to treatment. The 4-year project,... Read more

General/Advanced Imaging

view channel

Healthcare IT Manufacturer and Teleradiology Interoperability Expert Introduce New FHIR System

A new interoperability system that was launched at the 2015 Radiological Society of North America (RSNA) annual meeting in Chicago, USA, in November, 2015, is now being introduced into the market. The system enables seamless integration of third party enterprise imaging systems using the latest Fast Healthcare Interoperability... Read more

Imaging IT

view channel
Image: Photo of the virtual reality device mobile diagnostic imaging (Photo courtesy of RSNA).

Prototype of Virtual Reality Device with Potential for Diagnostic Imaging Presented

A prototype of a high-resolution mobile Virtual Reality (VR) diagnostic imaging device for radiologists was presented at the annual Radiological Society of North America (RSNA 2015) meeting in Chicago (IL, USA).... Read more
Copyright © 2000-2016 Globetech Media. All rights reserved.