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)

27.4K

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 & training, remote hosting, operational management services, revenue cycle services, support and maintenance, health care data analysis, clinical process optimization, transaction processing, employer health centers, 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

Chairman & Chief Executive Officer

President

Executive Vice President & Chief Financial Officer

Chief Operating Officer & Executive Vice President

Secretary, Chief Legal Officer & Executive Vice President

Chief Client & Services Officer

Chief Accounting Officer & Vice President

Senior Vice President & Chief Strategy Officer

Executive Vice President & Chief Human Resources Officer

Area General Manager-South Central & Mid-Atlantic Regions

Board of Directors

Chairman & Chief Executive Officer at Cerner Corporation

Former Governor of Indiana

Director at PTS Intermediate Holdings LLC

Executive Vice President & Chief Patient Officer, Strategic Communications, Global Public Policy & Population Health at Merck & Co., Inc.

Former Executive Vice President & Chief Information Officer at QVC, Inc.

Former Chairman, President & Chief Executive Officer at YRC Worldwide, Inc.

Co-Founder at Health Management Academy

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

Founder at Lime Barrel Advisors LLC

Former President at AliphCom, Inc.

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Cerner Corporation
Owners & Shareholders
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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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Ivy Investment Management Co. provides investment advice. It offers mutual funds, closed-end funds, 529 plan, nextshares, variable insurance portfolios, performance and Morningstar tools. The company was founded in 1937 and is headquartered in Overland Park, KS.

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Walter Scott’s commitment to global equity investment is delivered through a structured philosophical and analytical framework which provides a rigorous screening tool with a sole focus on stock selection. Their Investment Research team is grouped into three geographical regions – EMEA (Europe, Middle-East and Africa), Americas, and Asia Pacific – with individuals periodically rotated across these teams in order to build global knowledge and investment expertise. Research is consciously bottom-up and all investment professionals are generalists, covering all sectors. Irrespective of mandate, every portfolio is managed by bringing together the skill, judgment and experience of both the Investment Research team and the Investment Executive. Investment decisions rest upon original research conducted in-house. External research is used only to complement that in-house work. Sell-side research is used in a limited capacity and they do employ the services of independent research providers.

Recent Transactions
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R1 RCM, Inc. purchases Cerner Corp. /Revworks Services Business from Cerner Corporation

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

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Cerner Corporation purchases Siemens Health Services Corp. from Siemens AG

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

Associate

Advised onCerner Corporation purchases Siemens Health Services Corp. from Siemens AG

Associate

Advised onCerner Corporation purchases Siemens Health Services Corp. from Siemens AG

Legal Advisor

Advised onCerner Corporation purchases Siemens Health Services Corp. from Siemens AG

Advisors & Consultants
Legal Advisor

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

Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Former Co-Chair, Electronic Information Management Group at Fenwick & West LLP

Clients

Leidos Holdings, Inc. is a holding company, which engages in the provision of scientific, engineering and information technology services and solutions in the areas of defense, intelligence, civil and health markets. It operates through the following three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment focuses on deploying agile, cost-effective solutions to meet the ever-changing missions of the company's customers in areas of intelligence surveillance and reconnaissance, enterprise IT and integrated systems and cybersecurity and global services. The Civil segment focuses on seamlessly integrating and protecting physical, digital and data domains. The Health segment offers solutions to federal and commercial customers that are responsible for the health and wellbeing of people worldwide including service members and veterans. The company was founded by John Robert Beyster on February 3, 1969 and is headquartered in Reston, VA.

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.

Key Stats and Financials As of 2019
Market Capitalization
$21.1B
Total Enterprise Value
$24.2B
Earnings Per Share
$1.65
Revenue
$5.69B
Net Profit
$529M
EBITDAMargin
24.15%
Enterprise Value Sales
4.25x
Enterprise Value EBITDAOperating
17.49x
TEVNet Income
45.65x
Debt TEV
0.05x
Total Equity
$4.23B
EBITDA
$1.37B
Total Debt
$1.17B
Three Year Compounded Annual Growth Rate Of Revenue
5.88%
Non-Profit Donations & Grants
Political Donations
$500
2014
$1,000
2014
$1,000
2014
Investments
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Carevive Systems, Inc. develops software tools to support oncology teams for cancer care. Its software collects patient-reported and clinical data to generate personalized treatment, symptom management and survivorship care plans, and analyzes such data for health system customers to have a more complete view of their patients’ treatment outcomes. The company was founded by Madelyn Trupkin Herzfeld and Carrie Tompkin Stricker in 2013 and is headquartered in North Miami, FL.

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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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Saudi Health Information Systems specializes in developing systems and hardware for computer software. The firm offers clinical and analytical information for medical applications, providing installation, maintenance, and training services. The company is headquartered in Riyadh, Saudi Arabia.

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
International Business Machines Corporation Appliances & Electronics | Armonk, NY

The International Business Machines Corporation (IBM) is an American multinational technology and consulting corporation, with headquarters in Armonk, New York, United States. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

Oracle Corp. Internet Software & Services | Redwood Shores, CA

Oracle Corporation is an American multinational computer technology corporation headquartered in Redwood Shores, California. The company specializes primarily in developing and marketing database software and technology, cloud engineered systems, and enterprise software products — particularly its own brands of database management systems. In 2018, Oracle was the third-largest software maker by revenue, after Microsoft and Alphabet. The company also develops and builds tools for database development and systems of middle-tier software, enterprise resource planning (ERP) software, customer relationship management (CRM) software, and supply chain management (SCM) software.

Cisco Systems, Inc. Equipment & Office Supplies | San Jose, CA

At Cisco (NASDAQ: CSCO) customers come first and an integral part of our DNA is creating long-lasting customer partnerships and working with them to identify their needs and provide solutions that support their success. The concept of solutions being driven to address specific customer challenges has been with Cisco since its inception. Husband and wife Len Bosack and Sandy Lerner, both working for Stanford University, wanted to email each other from their respective offices located in different buildings but were unable to due to technological shortcomings. A technology had to be invented to deal with disparate local area protocols; and as a result of solving their challenge - the multi-protocol router was born. Since then Cisco has shaped the future of the Internet by creating unprecedented value and opportunity for our customers, employees, investors and ecosystem partners and has become the worldwide leader in networking - transforming how people connect, communicate and collaborate. Please view Cisco's Corporate Overview Presentation for more information. Quick Facts Founded in 1984 NASDAQ: CSCO Q4 FY'12 Revenue: $11.7 billion Q4 FY'12 Employee Count: 66,639

Competitors
Allscripts Healthcare Solutions, Inc. IT Consulting & Services - Chicago, IL

Allscripts Healthcare Solutions, Inc. engages in the provision of clinical, financial, and operational results services. It operates through the Provider and Veradigm segment. The Provider segment includes the hospitals and health systems, ambulatory, CarePort, FollowMyHealth, EPSiTM, EISClassics, and 2bPrecise strategic business units. The company was founded in 1986 and is headquartered in Chicago, IL.

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

UnitedHealth Group is a leading health care company, serving more than 75 million people worldwide. Our family of companies touches nearly every aspect of health care, helping people live healthier lives. We apply our capabilities broadly across health care in markets worldwide, providing health care management, consulting and specialty services globally. And we have the scale and resources necessary to take on some of the most important challenges in global health care. (www.unitedhealthgroup.com/global) As a leader in the health benefits and services industry, our six businesses — UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State, OptumHealth, OptumInsight, and OptumRx — offer exceptional service, broad capabilities and enduring value in creating a modern health care system. Our products and services empower individuals, expand consumer choice and strengthen patient-provider relationships across the health care spectrum

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.

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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