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Morning Headlines 8/6/14

Cerner to Acquire Siemens Health Services for $1.3 Billion

Cerner announces that it will acquire the health IT division of Siemens for $1.3 billion, confirming rumors that have been circulating since late April.

Premier, Inc. continues growth trajectory with acquisition of Hospira’s TheraDoc

Premier announces that it will acquire TheraDoc, Hospira’s clinical surveillance business, for $117 million in cash. Hospira acquired the business themselves in 2009 for an undisclosed sum.

MModal Completes Financial Restructuring, Emerges from Chapter 11

After nearly five months, MModal officially emerges from Chapter 11 bankruptcy, reducing its debt by 55 percent in the process.

New California Not-for-Profit to Operate Statewide, Next-Generation Health Information Exchange

California will launch a state-wide HIE, founded through $80 million in seed funding from Blue Shield of California and Anthem Blue Cross. The funding will sustain the exchange for its first three years of operations, after which it will charge subscription fees to providers and insurers to fund continued operations.