Cerner Corporation (NASDAQ:CERN) Files An 8-K Regulation FD DisclosureItem 9.01 Regulation FD Disclosure.
On July 9, 2018, Cerner Corporation ("Cerner") announced a strategic operating relationship with Lumeris Healthcare Outcomes, LLC ("Lumeris"), to which Cerner and Lumeris will collaborate to bring to market an EHR-agnostic offering, Maestro AdvantageTM, designed to help providers who participate in value-based arrangements, including Medicare Advantage and provider-sponsored health plans, control costs and improve outcomes. Cerner issued a press release announcing the strategic relationship between Cerner and Lumeris, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
In connection with the strategic relationship, Cerner Capital, Inc., a wholly owned subsidiary of Cerner, entered into a stock purchase agreement with Essence Group Holdings Corporation, an affiliate of Lumeris, to which Cerner Capital, Inc. will acquire a minority interest in Essence Group Holdings Corporation for approximately $266 million.
The closing of the transaction is subject to customary conditions, including among others, the expiration or termination of all applicable waiting periods (and extensions thereof) under the Hart-Scott Rodino Antitrust Improvements Act of 1976.
The information in Item 9.01 of this report (including Exhibit 99.1) is being furnished to Item 9.01 and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.
Item 9.01 Financial Statements and Exhibits.
d) Exhibits
CERNER CORP /MO/ ExhibitEX-99.1 2 a991pressreleasedatedjuly9.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Cerner and Lumeris Will Launch Offering to Reduce Complexities for Health Systems Delivering Value-Based CareCollaboration will create an EHR-agnostic offering,…To view the full exhibit click here
About Cerner Corporation (NASDAQ:CERN)
Cerner Corporation is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. Its segments include Domestic and Global. The Domestic segment includes the business activity in the United States. The Global segment includes the business activity in Aruba, Australia, Austria, Belgium, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates. It offers software, hardware, professional and managed services. Its solutions are offered on the unified Cerner Millennium architecture and on the HealtheIntent cloud-based platform. Its solutions include Cerner ITWorks, Cerner RevWorks, PowerWorks and CommunityWorks, among others.
