Nearly six months after Cerner announced it would acquire Siemens' health technology division, the acquisition is complete, effective Feb. 2, creating a combined annual research and development investment of more than $650 million.
Cerner acquired Siemens for $1.3 billion, plus working capital adjustments. Cerner expects its 2015 revenue to fall between $4.8 billion and $5 billion. While 2014 financial results won't be available until Feb. 10, a Bloomberg analyst reports a revenue estimate of $3.4 billion, according to a Kansas City Business Journal report.
Additionally, Cerner's employee numbers grew from approximately 16,000 to 21,000, according to the Kansas City Business Journal report. A Cerner news release indicates the new joint client base spreads over 30 countries and more than 18,000 facilities.
"By combining client bases, investments in research and development and associates, we are in a great position to lead clients through one of the most dynamic eras in healthcare," said Neal Patterson, co-founder, chairman and CEO of Cerner.
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