Key Developments: Cerner Corp (CERN.OQ)
96.09USD
24 May 2013
$-0.32 (-0.33%)
$96.41
$95.49
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$94.30
173,225
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$98.88
$67.66
Latest Key Developments (Source: Significant Developments)
Cerner Corp Issues Q2 2013 Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance; Raises FY 2013 EPS Guidance
Cerner Corp announced that for the second quarter of 2013, it expects revenue between $705 million and $735 million and adjusted diluted earnings per share before share-based compensation expense between $0.66 and $0.68. For fiscal 2013, the Company expects revenue between $2.95 billion and $3.05 billion and adjusted diluted earnings per share (EPS) before share-based compensation expense between $2.78 and $2.83, up from a prior range of $2.75 to $2.82. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $730 million and EPS of $0.68 for the second quarter of 2013; and revenue of $3.01 billion and EPS of $2.79 for fiscal 2013. Full Article
WellPoint Selects Cerner Corp to Launch ICD-10 Business Continuity Test Program
Cerner Corp announced that it has been selected by WellPoint, Inc., health benefits company in the United States, to join forces on a project to test ICD-10 business continuity. As a selected electronic medical records (EMR) and Revenue Management supplier, Cerner will conduct thorough ICD-9 to ICD-10 end to end testing with WellPoint for a select set of clients. Providers are currently being selected and the testing process should begin towards the end of 2013. Full Article
Cerner Corp to Acquire PureWellness
Cerner Corp announced it has reached an agreement to acquire PureWellness , health and wellness company which develops solutions to enable population health, individual engagement and measurable lifestyle improvements. The acquisition is anticipated to close in March 2013 Full Article
Cerner Corp Issues Q1, FY 2013 Guidance In Line With Analysts' Estimates
Cerner Corp announced that for first quarter of 2013, it expects revenue to be in the range of $690-$715 million and adjusted diluted earnings per share (EPS) before share based compensation expense between $0.61 and $0.63. For fiscal 2013, it expects revenue between $2.95 billion and $3.05 billion and EPS before share based compensation expense between $2.75-$2.82. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $700 million and EPS of $0.63 for first quarter of 2013; revenue of $2.97 billion and EPS of $2.79 for fiscal 2013. Full Article
Cerner Corp to Acquire Anasazi Software Inc
Cerner Corp announced that it has reached an agreement to acquire Anasazi Software Inc, provider of behavioral health technology since 1989. The acquisition is anticipated to close in November 2012. Terms of the transaction were not disclosed. Full Article
Cerner Corp Issues Q4 2012 Guidance; Raises FY 2012 Revenue Guidance; Raises Low End Of Prior FY 2012 EPS Guidance
Cerner Corp announced that for the fourth quarter of 2012, it expects revenue between $670 million and $700 million and adjusted diluted earnings per share before share based compensation expense between $0.62 and $0.64. For fiscal 2012, it expects revenue between $2.63 billion and $2.66 billion, up from a prior range of $2.575 billion to $2.625 billion and adjusted diluted earnings per share before share based compensation expense between $2.34 and $2.36, up from a prior range of $2.32 to $2.36. Full Article
Cerner Corporation Issues Q3 2012 Guidance In Line With Analysts' Estimates; Raises FY 2012 Guidance
Cerner Corporation announced that for third quarter of 2012, it expects revenue to be in the range of $635-$655 million, adjusted diluted earnings per share before share based compensation expense between $0.57 and $0.59. For fiscal 2012, it expects revenue to be in the range of $2.575-$2.625 billion, up from a prior range of $2.525-$2.6 billion. Adjusted diluted earnings per share (EPS) before share based compensation expense between $2.32 and $2.36, up from a prior range of $2.25-$2.32. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $652 million, EPS of $0.59 for third quarter of 2012; EPS of $2.32 for fiscal 2012. Full Article
Cerner Corporation And Nevada, Mo., Launch Healthy Nevada Project
Cerner Corporation announced a partnership with the city of Nevada, Mo., to build a new model of health and care that will seamlessly integrate the two environments and create a Healthy Nevada. The project will aim to increase Vernon County and Nevada's ranking in the Robert Wood Johnson Foundation annual report from the bottom third to the top third over the next five years. The project will focus on creating a culture of health in the community through education, incentives, infrastructure and partnerships with stakeholders such as the Nevada school district, local employers and community organizations like the Nevada Housing Authority. It will also work to further digitize the health care community in Nevada, including the deployment of Cerner's CommunityWorks model at Nevada Regional Medical Center. Full Article
Cerner Corporation Raises FY 2012 Guidance; Issues Q2 2012 Guidance
Cerner Corporation announced that for the second quarter of 2012, it expects revenue of between $620 million and $640 million, adjusted diluted earnings per share before share based compensation expense between $0.52 and $0.54. For fiscal 2012, it now expects revenue between $2.525 billion and $2.6 billion, up from a prior range of $2.425 billion to $2.5 billion. and adjusted diluted earnings per share before share based compensation expense between $2.25 and $2.32, up from a prior range of $2.20 to $2.30. Share based compensation expense to reduce diluted earnings per share by approximately $0.03 in the second quarter of 2012 and between $0.12 and $0.14 for the year. Full Article
Cerner Corporation And Advocate Health Care Take Bold Steps To Improve Patient Health Outcomes And Safety
Cerner Corporation and Advocate Health Care, announced a collaboration to create new data-driven models designed to improve patient health outcomes and safety. This partnership will combine Cerner's health care technology and data management capability with Advocate's population risk and clinical integration expertise, to develop predictive models and advanced analytic tools to enhance the care of patients across the entire continuum. Together, the organizations will develop a cloud solution that will integrate all of Advocate's data silos, including administrative and electronic health information. This data will then be used to create predictive models for patient outcomes before they occur—leading to early interventions. The partnership will initially focus on predicting and reducing incidents, such as readmissions and hospital acquired conditions. The Centers for Medicare and Medicaid Services (CMS) has focused its attention on these events by introducing financial penalties for poor performance. The collaboration will progress to develop health and care delivery models that will strive to prevent and manage complications from chronic disease. Overall the partnership will serve as a model for health care organizations seeking a team-based approach to care that effectively manages patients across multiple sites of care. Full Article
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