Cerner makes $1.3B acquisition

Posted online August 6, 2014 | 6:42 am

Cerner Corp. will buy health information technology competitor Siemens Health Services for $1.3 billion in cash.

According to the Kansas City Business Journal, the acquisition would boost Cerner's annual revenue to $4.5 billion compared to its $2.91 billion recorded at the end of last year.

Siemens Health Services is a division of German engineering company Siemens AG.

Read more from the Kansas City Business Journal.

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