On the Record · Cerner
Cerner acquisitions, on the record
The businesses Cerner bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
AbleVets, LLCWord for word“On October 25, 2019 , we acquired all of the issued and outstanding membership interests of AbleVets, LLC , a Virginia limited liability company ("AbleVets").” 10-K for 2019 | acquisition | On October 25, 2019 | — |
Health Services business from Siemens AGWord for word“On February 2, 2015, Cerner acquired the Health Services business from Siemens AG, which offered a portfolio of enterprise-level clinical and financial health care information technology solutions, as well as departmental, connectivity, population health, and care coordination solutions globally.” 10-K for 2019 | acquisition | On February 2, 2015 | — |
Essence Group Holdings CorporationWord for word“On July 27, 2018 , we acquired a minority interest in Essence Group Holdings Corporation ("Essence Group") for cash consideration of $ 266 million under a Stock Purchase Agreement ("SPA") dated July 9, 2018.” 10-K for 2019 | agreed acquisition | On July 27, 2018 | — |
Kantar Health, a division of Kantar GroupWord for word“In December 2020, we entered into an agreement to acquire Kantar Health, a division of Kantar Group, for $375 million in cash, subject to adjustment.” 10-K for 2020 | agreed acquisition | December 2020 | $375 million |
A consulting company specializing in cybersecurity solutions to clients in the health care industryWord for word“On April 1, 2020 , we acquired a consulting company specializing in providing cybersecurity solutions to clients in the health care industry , for cash consideration of $ 34 million.” 10-K for 2020 | acquisition | April 1, 2020 | $ 34 million |
A software company that offered a patient referral management solutionWord for word“On October 19, 2020 , we acquired a software company that offered a patient referral management solution to clients within the health care industry , for cash consideration of $ 15 million.” 10-K for 2020 | acquisition | October 19, 2020 | $ 15 million |
Kantar HealthWord for word“Our assessment of internal control over financial reporting excluded the internal control activities of Kantar Health, which we acquired on April 1, 2021 (as discussed in Note (8) of the Notes), which accounted for $148 million of consolidated revenues and $104 million of consolidated total assets as of and for the year ended December 31, 2021.” 10-K for 2021 | acquisition | April 1, 2021 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $0 | — | $46.9 million |
| 2017-12-30 | $0 | — | — |
| 2018-12-29 | $0 | $0 | — |
| 2019-12-28 | $74.5 million | $0 | $37.1 million |
| 2020-12-31 | $49.8 million | $229.5 million | $33.7 million |
| 2021-12-31 | $355.5 million | $0 | $226.2 million |
Deal filings since 2016
- 2022-06-08 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2022-01-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-10-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-11-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-05-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-04-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Cerner’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-22. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.