Cerner Corp. has completed its acquisition of Siemens Health Services’ assets, client relationships and associates.
Each organization expects to invest up to $50 million during an initial three-year term. The early focus of the alliance is on integrating diagnostics and therapeutics into the electronic health record. Cerner and the former Siemens business unit have a combined annual research and development investment of more than $650 million.
Cerner expects revenue in 2015 to be approximately $4.8 billion to $5 billion, with a client base spanning more than 30 countries across more than 18,000 facilities.
John Glaser, the former CEO of Siemens Health Services, has joined Cerner as a senior vice president and member of the company’s executive cabinet.