Cerner Corporation
Cerner to Acquire Clairvia
Cerner Corporation 07.10.2011 14:30 --------------------------------------------------------------------------- Expands Cerner's Offerings in Health Care Workforce Management and Cloud-Based Predictive Algorithms LONDON, 2011-10-07 14:30 CEST (GLOBE NEWSWIRE) -- Cerner Corporation (Nasdaq:CERN) announced it has reached an agreement to acquire Clairvia, an organisation that has spent more than a decade developing health care workforce management solutions, including Care Value Management(tm) and Physician Scheduler(tm). Clairvia's software applications and predictive models enable health care organisations to align staff and resources with actual patient needs, in real-time, to allow caregivers to focus solely on patient care. Ultimately these improvements advance patient care quality, patient safety, patient throughput, staff productivity and satisfaction, and cost control. Clairvia's solutions are currently used by more than 400 organisations around the world, ranging in size from large health care systems to specialist clinical practises. These clients utilise a variety of electronic health record (EHR) systems for their needs, as Clairvia's solutions are EHR-system agnostic and integrate with numerous platforms, including Cerner Millennium(r). The Care Value Management suite will be integrated into Cerner's broader cloud-based and interoperability platforms, Cerner Healthe Intent(tm) and CareAware(r), which will allow Cerner to offer a comprehensive suite of resource management solutions. 'Interoperable cloud-based solutions and workforce management applications that focus on providing positive clinical, operational and financial returns allow healthcare organisations to address fundamental issues surrounding supply of staff and rising patient demand,' said Matthew Swindells, Cerner vice president. 'This acquisition demonstrates Cerner's commitment to innovating health care for the future. As the NHS moves toward a model where more care is delivered outside the hospital and only the sickest patients are in inpatient beds, overcoming the challenge of maintaining the right level of nurse staffing will be crucial to patient safety. Clairvia's predictive models, driven by EHR data, not only reduce costs by aligning the right resource at the right time but, more importantly, optimise patient outcomes.' 'EHRs document patient needs and expected courses of care while resource management systems store nurse competency, skills and availability data,' said Beth Pickard, Clairvia president and chief executive officer. 'We integrate those two databases in real time, at the point of care. Cerner's resources and dedication to improving health opens the door for us to create additional solutions that enable health care organisations to accurately forecast demand and to proactively align staffing resources to meet that demand.' The acquisition is anticipated to close in October 2011 and is not expected to have a material impact on Cerner's 2011 financial results. Pickard will join Cerner effective upon closure of the transaction. About Cerner 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 digitising 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(r) solutions are licensed by approximately 9,000 facilities around the world, including more than 2,600 hospitals; 3,500 physician practises covering more than 30,000 physicians; 500 ambulatory facilities, such as laboratories, ambulatory centers, cardiac facilities, radiology clinics and surgery centers; 800 home health facilities; 40 employer sites and 1,600 retail pharmacies. Certain trademarks, service marks and logos (collectively, the 'Marks') set forth herein are owned by Cerner Corporation and/or its subsidiaries in the United States and certain other countries throughout the world. All other non-Cerner Marks are the property of their respective owners. Nasdaq: CERN. For more information about Cerner, please visit www.cerner.com, Twitter, Facebook and YouTube. About Clairvia Clairvia, Incorporated serves more than 400 health care organizations, medical facilities, nursing departments, and group practices with advanced software solutions for patient and staff management. Clairvia(r) Care Value Management (CVM) is a comprehensive software suite that empowers health care providers to deliver the right caregivers to each patient--at the right time--to achieve the next desired level of wellness. In more than 200 successful implementations, Clairvia CVM has driven measurable improvements in quality of care, patient safety, patient throughput and financial performance, as well as patient, staff, and physician satisfaction. The complete Clairvia CVM offering includes the following software solutions: -- CVM Staff Manager -- CVM Demand Manager -- CVM Patient Progress Manager -- CVM Care Cost Manager -- CVM Outcomes-Driven Patient Acuity -- CVM Demand-Driven Patient Assignment -- CVM Care Value Analytics -- CVM ShiftAlert Mobile -- CVM Mobile Connect 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 be', 'will allow', 'forecasted', 'anticipated' and 'not 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 inherent with business acquisitions; risks associated with the ongoing adverse financial market environment and uncertainty in global economic conditions; changing political, economic and regulatory influences; government regulation; significant competition and market changes; and, failure to reach the intended synergies. 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. CONTACT: Media Contact: Ellie Banner-Ball +44 203 180 4351 ellie.banner-ball@cerner.com Investor Relations Contact: Allan Kells (816) 201-2445 akells@cerner.com News Source: NASDAQ OMX 07.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Cerner Corporation United States Phone: Fax: E-mail: Internet: ISIN: US1567821046 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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