Cerner announced this morning that it has completed its $1.3 billion acquisition of Siemens Health Services as announced in August.
Cerner Chairman and CEO Neal Patterson said in a statement, “"By combining client bases, investments in R&D, and associates, we are in a great position to lead clients through one of the most dynamic eras in healthcare. Cerner remains focused on key development areas including population health, physician experience, open platforms, revenue cycle, and mobility. We see these as critical areas of investment to ensure providers can meet growing regulatory demands and control costs, while continuing to improve quality of care."
Cerner says its 2015 revenue will be around $5 billion, its employee count has increased to 21,000, and its annualized research and development expense will be $650 million.
Cerner reiterated in the announcement that it will continue to support Siemens core systems for an unspecified period, with Soarian maintenance guaranteed for 10 years. Former SHS CEO John Glaser has joined Cerner as SVP and a member of the company’s executive cabinet.