IMC Health Care To be Acquired by Cerner (CERN)
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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."
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.
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 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."
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.
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.
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