Cerner Corporation

Cerner Corporation

Cerner Corporation

Overview
Date Founded

1986

Headquarters

2800 ROCKCREEK PARKWAY, NORTH KANSAS CITY, MO, 64117

Type of Company

Public

Employees (Worldwide)

26.4K

Industries

IT Consulting & Services
Hospitals & Patient Services
Computer Software

Company Description

Cerner Corp. designs, develops, markets, installs, hosts and supports health care information technology, health care devices, hardware and content solutions for health care organizations and consumers. The company also provides value-added services, including implementation and training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employee wellness programs and third party administrator services for employer-based health plans. It operates through the following segments: Domestic and International. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The International segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. The company was founded by Neal L. Patterson, Clifford W. Illig and Paul N. Gorup in 1979 and is headquartered in North Kansas City, MO.

Contact Data
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Executives & Employees

Executive Vice President & Chief Financial Officer

Chief Technology Officer & Executive Vice President

Senior Vice President & Chief Information Officer

Executive Vice President & Chief Human Resources Officer

Secretary, Chief Legal Officer & Executive Vice President

Chief Client & Services Officer

Chief Accounting Officer & Vice President

Chief Strategy Officer

Executive Vice President, Chief Client & Services Officer & President, Cerner Government Services

Vice President & General Manager-Southeast Region

Board of Directors

Former Chairman, President & Chief Executive Officer at Yellow Corp.

Former Governor of Indiana

Chief Patient Officer & Executive Vice President, Population Health & Sustainability at Merck & Co., Inc.

Senior Lecturer, General Management Unit at Harvard University - Harvard Business School

Former President & Chief Executive Officer at FleetPride, Inc.

Founder at The 5Ps, LLC

Director at Technicolor SA

Chief Executive Officer & Chairman of the Board at Afternext Healthtech Acquisition Corp.

Former Faculty Member, Department of Epidemiology & Public Health at Yale University

President & Chief Executive Officer at Cerner Corporation

Paths to Cerner Corporation
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Cerner Corporation
Owners & Shareholders
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MIMBT maintains a flexible strategy designed to conform with various clients’ individual investment objectives, whether such objectives are growth, total return, current income, tax-exempt income, asset allocation, international or global, or stability of principal. The firm manages separate client-focused equity, debt, and balanced portfolios. They invest in the public equity and debt markets of the US, non-US, and other emerging economies. MIMBT seeks growth-oriented value stocks of small-cap, mid-cap and large-cap companies. The firm selects countries by utilizing a top-down approach and selects stocks using fundamental analysis with a bottom-up approach.

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In 1951, marking the 25th anniversary of the founding of Loomis, Sayles & Company, Robert H. Loomis sent a clear message to all clients. Click here to read. More than 60 years later, I echo the words of our founder when he said, "we wish to express our gratitude and appreciation to those who, through these difficult years, have helped us to the success we have enjoyed. We look to the future with humility but with confidence." The biggest difference in today's world is that our pace is faster and our playing field is larger. Given this scenario, our job at Loomis Sayles is to keep a laser-like “eye on the ball” particularly during times of uncertainty and volatility, where both risk and opportunity reside. My goal is to ensure that Loomis Sayles remains a broad-based, house of excellence trusted by our clients and recognized for our record of: Attracting and retaining exceptional investment professionals Providing caring, highly ethical and informative services to our clients Producing strong investment performance across our full stable of products The last five years have been a time of tremendous innovation for us. We have grabbed hold of opportunities presented by market upheaval to unearth some tremendous investments, build off our base and empower people to construct and test new capabilities. By integrating these with existing capabilities, (quantitative research, deeper risk analysis, greater macro-economic firepower, absolute return-oriented strategies and securitized capabilities), I believe we are a better investment firm than ever. On behalf of all Loomis Sayles employees, thank you for placing your confidence in us. From my personal vantage point, I am more confident than ever about the future of our company and the skills and passion of our people to deliver excellence in their work. We look forward to serving your investment needs as we face the ever-changing future together.

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Starboard Value invests primarily, although not exclusively, in the securities of US public companies they believe are deeply undervalued by the marketplace and likely to experience a significant appreciation in value as a result of operational improvements or a change in ownership, corporate direction or management or improved corporate governance. The firm typically conducts a thorough analysis of management, capital structure and corporate governance related issues, valuing the company using a traditional, fundamental, and value-based approach. Starboard Value is an activist firm and is included in the SharkWatch50 as one of the 50 most prominent and impactful activist investors.

Recent Transactions
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Deerfield Healthcare Technology Acquisitions Corp. purchases IMC Health Care, Inc. from Cerner Corporation resulting in a new company CareMax, Inc.

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Cerner Corporation purchases Kantar Health LLC from The Kantar Group Ltd.

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Cerner Capital, Inc., Cerner Corporation purchase Essence Group Holdings Corp. from Camden Partners Private Equity, Kleiner Perkins Caufield & Byers LLC, Sandbox Investment Management LLC

Insider Transactions
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Transaction Advisors
Accountant

Advised onCerner Corporation purchases Zynx Health, Inc. from Cedars-Sinai Medical Center

Accountant

Advised onCerner Corporation purchases Citation Computer Systems, Inc.

Legal Advisor

Advised onCompuGroup Medical SE & Co. KGaA purchases from Cerner Corporation

Legal Advisor

Advised onCerner Corporation purchases Kantar Health LLC from The Kantar Group Ltd.

Counsel

Advised onCerner Corporation purchases Kantar Health LLC from The Kantar Group Ltd.

Associate

Advised onCerner Corporation purchases Kantar Health LLC from The Kantar Group Ltd.

Advisors & Consultants
Legal Advisor

Global Chair, Mergers & Acquisitions Practice at Latham & Watkins LLP

Legal Advisor

Partner at Latham & Watkins LLP

Advisor

Chief Financial Officer & Executive Vice President at Cerner Health Ventures

Clients

We provide quality, compassionate health care at more than 40 hospitals and care centers that are serving communities across California, Arizona and Nevada every minute of every day. And while not everyone may live near a major medical facility, Dignity Health is making health care more accessible by bringing resources closer to where people live and work. In urban and rural communities alike, residents of all ages and backgrounds have access to primary care, preventive treatment, clinical support, chronic disease management, trauma services, and a host of medical and therapeutic specializations. With several different ways to activate your search, let us help you to quickly and easily find an affordable, quality medical facility located close to where you need it, when you need it.

St. Jude is unlike any other pediatric treatment and research facility. Discoveries made here have completely changed how the world treats children with cancer and other catastrophic diseases. With research and patient care under one roof, St. Jude is where some of today's most gifted researchers are able to do science more quickly. The mission of St. Jude Children’s Research Hospital is to advance cures, and means of prevention, for pediatric catastrophic diseases through research and treatment. Consistent with the vision of our founder Danny Thomas, no child is denied treatment based on race, religion or a family's ability to pay. Our vision is to be the world leader in advancing the treatment and prevention of catastrophic diseases in children. This vision will be pursued by providing outstanding patient care; by conducting basic, translational and clinical research designed to elucidate biological mechanisms, understand disease pathogenesis, improve diagnosis, enhance treatment outcome, prevent diseases and minimize adverse consequences of treatment; and by educating health care and scientific research professionals. Through these efforts we seek to cure and enhance the quality of life for an increasing proportion of children who come to us for treatment, and by expanding and sharing knowledge, to advance treatment of children with catastrophic diseases worldwide, while developing strategies to prevent catastrophic diseases in children.

Advocate Sherman Hospital, a subsidiary of Advocate Aurora Health, Inc., is a company headquartered in Elgin, IL. The firm provides health services.

Key Stats and Financials As of 2020
Market Capitalization
$21.2B
Total Enterprise Value
$24.7B
Earnings Per Share
$2.52
Revenue
$5.51B
Net Profit
$780M
Total Equity
$4.48B
EBITDAMargin
28.8%
EBITDA
$1.59B
Enterprise Value / Sales
4.48x
TEVNet Income
31.61x
Debt TEV
0.06x
Total Debt
$1.46B
Enterprise Value EBITDAOperating
15.48x
Three Year Compounded Annual Growth Rate Of Revenue
2.3%
Non-Profit Donations & Grants
Political Donations
$500
2014
$1,000
2014
$1,000
2014
Investments
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Xealth, Inc. engages in the provision and development of a digital health prescribing platform. It enables health systems to organize, integrate, deploy, and activate digital health tools for measurable clinical and financial results. The company was founded by Mike McSherry, Eric Fu, Sundar Balasubramanian, and Aaron Sheedy in 2016 and is headquartered in Seattle, WA.

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Voalte, Inc. develops clinical communications applications for caregiver communication. It offers clinical workflow solutions, maintenance and support, and professional services. The company was founded by William Lee Lauderdale III, Oscar Callejas Jr., Robert H. Campbell, and Benjamin King in 2008 and is headquartered in Sarasota, FL.

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Sotera Wireless Inc. develops medical devices. It develops, markets, and sells a vital signs monitoring solution. It offers ViSi Mobile System, a platform for vital signs monitoring solution that is designed to keep clinicians connected to their patients. The company was founded in 2004 and is headquartered in San Diego, CA.

Investors
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Life Peer at United Kingdom House of Lords

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Life Peer at United Kingdom House of Lords

Suppliers
Citrix Systems, Inc. Other Business & Consulting Services | Santa Clara, California

Citrix Systems, Inc. engages in the design, development, and marketing of information technology solutions. It provides digital workspace that unifies apps, data, and services. The firm markets and licenses its products directly to customers through web, systems integrators, value-added resellers, and service providers. The company was founded by Edward E. Iacobucci on April 17, 1989 and is headquartered in Fort Lauderdale, FL.

Total Brain Ltd. Human Resources & Personnel Services | Sydney, Australia

Total Brain Ltd. engages in the provision of brain function analysis services. It involves in developing and commercializing brain health products, delivered to users through the MyBrainSolutions platform. The company was founded by Evian Gordon and Dan Segal on August 8, 2000 and is headquartered in San Francisco, CA.

Imprivata, Inc. Computer Software | Lexington, MA

Imprivata, Inc. engages in the provision of healthcare information technology security solutions. It offers authentication management, fast access to patient information, and secure communications technologies to the healthcare industry. The company was founded by Philip J. Scarfo and David Ting on May 7, 2001 and is headquartered in Lexington, MA.

Competitors
UnitedHealth Group, Inc. Insurance: Life & Health - Minneapolis, Minnesota

UnitedHealth Group Incorporated is an American multinational managed healthcare and insurance company based in Minnetonka, Minnesota. It offers health care products and insurance services. In 2020, it was the second-largest healthcare company (behind CVS Health) by revenue with $257.1 billion, and the largest insurance company by net premiums. UnitedHealthcare revenues comprise 80% of the Group's overall revenue. The company is ranked 7th on the 2020 Fortune 500. UnitedHealth Group has a 2020 market value $332.885 billion.

Epic Systems Corp. Computer Software - Verona, WI

Epic Systems Corp. develops healthcare information systems. It offers inpatient clinical, electronic medical record, portable clinical information, core specialty support, operating room management, ICU/acute care support, and inpatient pharmacy services. The company also provides implementation, process engineering, training, optimization, architecture, and content services. Epic Systems was founded by Judith R. Faulkner in 1979 and is located in Verona, WI.

Health Catalyst, Inc. Computer Software - South Jordan, UT

Health Catalyst, Inc. engages in the provision of data and analytics technology and services to healthcare organizations. It operates through the Technology, and Professional Services segments. The Technology segment includes its data platform, analytics applications, and support services. The Professional Services segment combines analytics, implementation, strategic advisory, outsource, and improvement services to deliver expertise to its customers. The company was founded by Steven C. Barlow and Thomas D. Burton in 2008 and is headquartered in South Jordan, UT.

Awards & Honors
Rank #553
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #22
2014
Forbes - World's 100 Most Innovative Companies
Sponsored by Forbes Magazine
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