Cerner to Acquire IMC Health Care, Inc.
December 18, 2009
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Cerner to Acquire IMC
Health Care, Inc.
Expands Cerner’s employer
KANSAS CITY, Mo. — Dec.
18, 2009 — Cerner Corporation (Nasdaq: CERN) announced it has reached an
agreement to acquire IMC Health Care, Inc., a provider of employer sponsored
on-site health centers. The acquisition will expand Cerner’s employer health
initiatives, such as on-site employer health centers, pharmacies and wellness
programs. Building upon IMC Health Care’s history in providing exceptional
on-site employer health centers and strong occupational health expertise, this
acquisition will strengthen Cerner’s position as a provider of comprehensive
employer health services. There are approximately 7,600 corporations in the U.S
that could potentially benefit from on-site employer health services.
“Cerner continues to be committed to working closely with
employers to bend the healthcare cost curve, improve health outcomes and
achieve a high level of employee satisfaction,” said Zane Burke, Cerner senior
vice president. “IMC Health Care has a tremendous record of delivering on-site
healthcare services to its employer clients and we believe our strengths can be
combined to uniquely fulfill these needs in the employer market.”
In an effort to better control healthcare costs, Cerner has been
a self-insured corporation for more than 20 years and has a wholly-owned
subsidiary that has served as its third-party administrator since 2006. In
2006, the company expanded its employer offerings and opened a primary care
clinic on its world headquarters campus in Kansas City, Mo. Among services
offered to Cerner employees and dependents are primary care services, pharmacy,
chronic condition management and wellness programs, an electronic health record
and secure messaging capabilities with providers.
IMC Health Care currently serves 15 employer clients and operates 23 employee
health centers across the U.S. Some of these employer clients are: Albany
International, ATI Allvac, American Axle & Manufacturing, Dr. Pepper
Snapple Group, Campbell Soup Company, StockPot, Cryovac, Jayco, Kia Motors
Manufacturing Georgia (KMMG), Publix Super Markets, Sea Ray Boats and Toyota
Industrial Equipment Manufacturing.
With this diverse employer client base, including a large occupational health
footprint, Cerner will now have the opportunity to expand its offerings to
other employers and increase the capabilities for existing IMC Health Care
“IMC is excited to be able to offer our existing clients the 30
years of expertise in healthcare innovations that Cerner brings to the table,”
said Todd Keller, IMC Health Care founder and CEO. “Cerner’s commitment to
helping employers drive down the cost of healthcare is vital to the growth and
sustainability of our economy.”
The acquisition is expected to close in the first quarter of
2010 and will not have a material impact on Cerner’s 2010 financial results.
Don Stubbs, IMC Health Care senior vice president of business development and
Tom Neville, IMC Health Care senior vice president of operations will join
Cerner and help lead Cerner’s employer health initiatives.
Cerner is transforming healthcare by eliminating error, variance and waste for
healthcare providers and consumers around the world. Cerner® solutions optimize
processes for healthcare organizations ranging in size from single-doctor
practices, to health systems, to entire countries, for the pharmaceutical and
medical device industries, and for the healthcare commerce system. These
solutions are licensed by more than 8,000 facilities around the world,
including approximately 2,100 hospitals; 3,300 physician practices covering
more than 30,000 physicians; 500 ambulatory facilities, such as laboratories,
ambulatory centers, cardiac facilities, radiology clinics and surgery centers;
600 home-health facilities; and 1,500 retail pharmacies. The following are
trademarks of Cerner: Cerner and Cerner’s logo. Nasdaq: CERN. For more
information about Cerner, please visit our Web site at www.cerner.com.
About IMC Health Care,
IMC Health Care, Inc. is a leading innovator of company sponsored on-site
employee health centers. For more than 20 years, IMC has been helping corporate
America lower healthcare costs by bringing healthcare into the worksite. IMC
sets the standard for high quality healthcare delivered in a convenient and
cost effective model. IMC’s unique ability to create customized health centers
to match each client’s unique culture and specific needs sets them apart.
Services include: primary care, occupational care, wellness and prevention,
pharmacy and more, all delivered at the worksite for employees and dependents.
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”, “could”, “potentially”, “believe” 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: 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 reliance on third party
suppliers; risks inherent with business acquisitions; changing political,
economic and regulatory influences; government regulation; significant
competition and market changes; risks associated with the ongoing adverse
financial market environment and uncertainty in global economic
conditions; and, failure of the parties to achieve the intended benefits.
Additional discussion of these and other factors affecting the Company's
business is contained in the Company's periodic filings with the Securities and
Exchange Commission. 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.