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)

29.2K

Industries

IT Consulting & 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 Global. The Domestic segment includes revenue contributions and expenditures associated with business activity in the United States. The Global 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

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Operating Officer

Executive Vice President, Chief Legal Officer & Secretary

Executive Vice President & Chief Client Officer

Chief Accounting Officer & Vice President

Senior Vice President & Chief Strategy Officer

Chief Human Resources Officer & Executive Vice President

Area General Manager-South Central & Mid-Atlantic Regions

Vice President & General Manager-Southeast Region

Board of Directors

Chairman & Chief Executive Officer at Cerner Corporation

Former Governor of Indiana

Former President, Chief Executive Officer & Executive Director at Hill-Rom Holdings, Inc.

Executive Vice President 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

Faculty Member 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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Parnassus Investments seeks to invest in good businesses with increasingly relevant products or services, sustainable competitive advantages, quality management teams and ethical business practices. The firm uses fundamental security analysis methods in managing client accounts. Parnassus Investments seeks to identify and invest in stocks trading at large discounts to their assessment of the company's intrinsic, value. Parnassus Investments currently manages four fundamental, US, core equity strategies across multiple market capitalizations and one US, fixed income strategy. Their investment strategies include long-term purchases and short-term purchases. The firm offers advice on equity securities, exchange-listed securities, and securities traded over-the-counter, foreign issues, warrants, corporate debt securities, commercial paper, certificates of deposit, mutual fund shares, US government securities and partnerships investing in real estate.

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Walter Scott's 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. A fundamental, bottom-up investment approach combines detailed financial research with business and industry analysis. Each company is researched using the same pillars of analysis. Meetings with company management are central to the process. Walter Scott's research process begins with financial statements from the company's annual report and accounts which are analyzed and interpreted through a standardized framework. This is quantitative, thereafter, everything is a qualitative judgment about the investment candidate. Investment decisions rest upon original research conducted in-house.

Recent Transactions
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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

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Cerner Corporation purchases InterMedHx 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 onCerner Corporation purchases Dynamic Healthcare Technologies, Inc.

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

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.

MedStar Health, Inc. operates community hospitals and provides healthcare services. The company offers rehabilitation, transplant, womens health, sports medicine and neuroscience services. MedStar Health was founded in 1999 and is headquartered in Columbia, MD.

Key Stats and Financials As of 2018
Market Capitalization
$21.1B
Total Enterprise Value
$17B
Earnings Per Share
$1.89
Revenue
$5.37B
Enterprise Value Sales
3.17x
TEVNet Income
27.01x
Debt TEV
0.03x
Total Equity
$4.93B
Total Debt
$444M
Net Profit
$630M
EBITDAMargin
26.41%
Enterprise Value EBITDAOperating
12.01x
EBITDA
$1.42B
Three Year Compounded Annual Growth Rate Of Revenue
6.64%
Five Year Compounded Annual Growth Rate Of Revenue
13.01%
Political Donations
$500
2014
$1,000
2014
$1,000
2014
Investments
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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
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

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

Allscripts Healthcare Solutions, Inc. engages in the provision of clinical, financial, connectivity, information solutions, and related professional services. It operates through the following segments: Clinical and Financial Solutions; Population Health; and Netsmart. The Clinical and Financial Solutions segment involves in the sale of clinical software applications and financial and information solutions. The Population Health segment offers health management and coordinated care solutions. The Netsmart segment operates in the home care and behavioral healthcare information technology field throughout the United States. The company was founded in 1986 and is headquartered in Chicago, IL.

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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