Cerner to Acquire PureWellness
Acquisition Will Expand Cerner's Suite of Personal Health Solutions
KANSAS CITY, Mo. and BURLINGTON, Vt., Feb. 25, 2013 (GLOBE NEWSWIRE) -- Cerner Corporation (Nasdaq:CERN) today announced it has reached an agreement to acquire PureWellness, a leading health and wellness company which develops solutions to enable population health, individual engagement and measurable lifestyle improvements.
Acquiring PureWellness will further position Cerner to help organizations manage the health and care of their populations. Engaging the individual is critical in a population health strategy and the combination of Cerner Millennium®, Cerner HealtheIntent™, and PureWellness' health and wellness platform (to be known as Cerner Wellness) will create the most comprehensive set of capabilities on the market to support an individual's health and care needs.
Cerner's mission is to contribute to the systemic improvement of health care delivery and the health of communities. "By aligning PureWellness and Cerner® solutions, Cerner will be uniquely positioned to support clients focusing on population health management, including accountable care organizations, managed care organizations, employers, health plans and providers looking for a differentiated way to engage their patient population," said Matthew Swindells, senior vice president with Cerner.
Co-founded by Ron Keen and Ken Kaufman, 15- and 20-year veterans of the health IT industry respectively, PureWellness offers a customizable platform which is used by thousands of organizations and deployed to more than 4 million individuals. Its enterprise health and wellness solution allows for efficient administration and management of all wellness initiatives within each organization. Its robust wellness platform and mobile applications are leveraged by hospitals, health systems, health insurance providers, employers and health clubs to engage their respective populations. PureWellness has steadily grown its presence in the wellness market since its inception in 2001.
"Cerner's dedication to improving the health and wellness of populations combined with PureWellness' robust wellness solutions will further enable organizations to enhance their population health efforts to deliver better outcomes," said Ken Kaufman, PureWellness president and co-founder.
The acquisition is anticipated to close in March 2013 and is not expected to have a material impact on Cerner's 2013 financial results.
Cerner is contributing to the systemic change of health and care delivery. For more than 30 years Cerner has been executing its vision to make health care safer and more efficient. We started with the foundation of digitizing paper processes and now offer the most comprehensive array of information software, professional services, medical device integration, remote hosting and employer health and wellness services. Cerner systems are used by everyone from individual consumers, to single-doctor practices, hospitals, employers and entire countries. Taking what we've learned over more than three decades, Cerner is building on the knowledge that is in the system to support evidence-based clinical decisions, prevent medical errors and empower patients in their care.
Cerner® solutions are licensed by approximately 10,000 facilities around the world, including more than 2,700 hospitals; 4,150 physician practices; 45,000 physicians; 550 ambulatory facilities, such as laboratories, ambulatory centers, behavioral health centers, cardiac facilities, radiology clinics and surgery centers; 800 home health facilities; 45 employer sites and 1,750 retail pharmacies.
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This release contains forward-looking statements that involve a number of risks and uncertainties. It is important to note that the Company's performance, and actual results, financial condition or business could differ materially from those expressed in such forward-looking statements. The words "will further", "will create", "anticipated" and "expected" or the negative of these words, variations thereof or similar expressions are intended to identify such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: the possibility of product-related liabilities; potential claims for system errors and warranties; the possibility of interruption at our data centers or client support facilities; our proprietary technology may be subject to claims for infringement or misappropriation of intellectual property rights of others, or may be infringed or misappropriated by others; risks associated with our recruitment and retention of key personnel; risks related to our dependence on third party suppliers; risks inherent with business acquisitions; changing political, economic, regulatory and judicial influences; government regulation; significant competition and market changes; variations in our quarterly operating results; potential inconsistencies in our sales forecasts compared to actual sales; failure to reach the intended synergies. Additional discussion of these and other risks, uncertainties and factors affecting the Company's business is contained in the Company's periodic filings with the Securities and Exchange Commission. The reader should not place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made. The Company undertakes no obligation to update forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial condition or business over time.
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