Health IT giant Cerner has acquired $500 million in debt in order to finance its future projects following its acquisition of Siemens Health Services, according to a report from the Kansas City Business Journal.
The company has issued the debt as senior notes in three series, which will accrue interest at 3.18 percent, 3.58 percent and at a rate equal to LIBOR, respectively.
"We announced with the Siemens acquisition that we were using cash on hand, so with rates at attractive levels it made sense for us to acquire debt to fund future capital projects," said Cerner spokesperson Dan Smith in the report.
More articles on health IT:
Former Sony employees sue, claiming Sony failed to protect data
Navicent Health reaches HIMSS Stage 6
ATA launches online telemedicine accreditation program