Cerner to Acquire Anasazi Software, Inc.
KANSAS CITY, Mo. and TEMPE, Ariz., Nov. 8, 2012 (GLOBE NEWSWIRE) -- Cerner Corporation (Nasdaq:CERN) today announced it has reached an agreement to acquire Anasazi Software, Inc., a leading provider of innovative behavioral health technology since 1989.
The combination of Cerner Millennium®, including in-patient behavioral health, and Anasazi's community behavioral health solutions will create the most comprehensive offering in the market. Cerner Anasazi will allow behavioral health providers access to data that can be utilized in an actionable, meaningful way that will aid in the transitions of care.
"Improving the coordination of care across the health care continuum is critical to driving systemic improvement, bending the cost curve and delivering better outcomes," said Jeff Townsend, Cerner Executive Vice President and Chief of Staff. "Building on Cerner's strength in using predictive modeling to drive improvements in care, this acquisition will set a new bar for the use of technology to improve care outcomes in the behavioral health market place."
A leader in providing healthcare technology to the behavioral healthcare market for more than 20 years, Anasazi offers a wide-ranging solution line designed to provide an all-inclusive, streamlined approach to behavioral health care while also optimizing outcomes and reducing cost. Anasazi's suite of solutions include a full electronic medical record, managed care solution, practice management/billing, cost accounting, and e-prescribing systems as well as fiscal, human resource, assessment, treatment planning and progress noting components.
"Cerner's long-standing expertise in health information technology across all venues of care will open up many new possibilities to make our products even stronger than they are today. For our customer base, this has the potential to bring new innovations to the behavioral health market place much faster than before," said Mike Morris, Anasazi co-founder and CEO.
The acquisition is anticipated to close in November 2012 and is not expected to have a material impact on Cerner's 2012 financial results.
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 digitizing 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® solutions are licensed by approximately 9,300 facilities around the world, including more than 2,650 hospitals; 3,750 physician practices; 40,000 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.
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About Anasazi Software, Inc.
The emergence of Anasazi Software as a leader in behavioral healthcare technology began with a demand in the industry for a fresh new system with a bold new way of involving their customers in the evolution of their product. In 1989, Anasazi Software was created specifically to meet a Texas community mental health center's need for a comprehensive billing system, as well as providing fiscal and human resource components. While there were plenty of products on the market to fill this need, this center was looking for a partner that could construct a new method of working hand in hand with their customers, providing the customers not only the voice in development, but the funds to do it. This concept, spawned more than two decades ago, is still very much at the heart of Anasazi's User Groups.
Anasazi Software has always answered the call when customers and the market demanded new technologies. Rather than purchasing components from other vendors, or trying to piece together disparate systems, Anasazi Software is one of the only vendors that has built every product they own, assuring perfect symmetry amongst their product line. Since the company's inception and creation of a practice management/billing system, fiscal and human resources components, they have launched a full electronic medical record system, including assessments, treatment planning and progress noting, a complete managed care system, a rarely offered cost accounting system and finally an e-prescribing system. The depth and breadth of Anasazi's product line has still yet to be matched in the behavioral healthcare industry.
This release contains forward-looking statements that involve a number of risks and uncertainties. It is important to note that Cerner's performance, and actual results, financial condition or business could differ materially from those expressed in such forward-looking statements. The words "anticipated" 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: 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; the potential for tax legislation initiatives that could adversely affect our tax position and/or challenges to our tax positions in the United States and non-U.S. countries; risks associated with our recruitment and retention of key personnel; risks inherent with business acquisitions; and changing political, economic, regulatory and judicial influences; government regulation; significant competition and market changes;. Additional discussion of these and other risks, uncertainties and factors affecting Cerner's business is contained in Cerner's periodic filings with the Securities and Exchange Commission. The reader should not place undue reliance on forward-looking statements, since the statements speak only as of the date that they are made. Cerner 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.
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