Cerner Corporation
Session 2, Case Study #2
Investment Analysis: Cerner Corporation
IAKM 60401: Health Informatics Management
Ala’a Dalky
Kent State University
01/27/2013
Cerner Corporation
The purpose of this report is to provide a brief investment analysis of the Cerner Corporation. The analysis described below based on information retrieved from available online resources (see references) and the 2011 Cerner annual report. Further, this investment was guided by the outlined points presented by the teacher.
1. Company History:
Cerner was founded in 1979 by Neal Patterson, Paul Gorup, and Cliff Illig, who were colleagues at Arthur Andersen. This company was originally named PGI & Associates. In 1984 it was renamed as Cerner, and it was at that time when it rolled out its first system, PathNet. After which, in 1986; it became public. In 1995 the company initiated Cerner Millennium architecture, revolutionary software in the healthcare industry. In2005, it was reported that the company passed $1 billion in sales. As of that, the Cerner was able to attain the Riverport Campus complex on the site of what was formerly the Sam 's Town Casino; above the Missouri River in North Kansas City, Missouri. The world headquarters (WHQ) is across the street from North Kansas City Hospital, which was Cerner 's second hospital client. Later in 2006, it also acquired the former Marion Laboratories complex for a South Campus in southeast Kansas City, Missouri. The South Campus products include Power Chart and Millennium e-Booking, which is providing a code base for “Choose and Book”. In July 2010, president Trace Devanny left the company. Consequently, Devanny’s responsibilities have been absorbed by the current organization. Neal Patterson became the company’s president, in addition to his current role as Cerner’s chairman and chief executive officer. (Wikipedia, 2013).
Cerner Corporation (Cerner) is a supplier of healthcare information technology (HCIT) solutions, services, devices
Investment Analysis: Cerner Corporation
IAKM 60401: Health Informatics Management
Ala’a Dalky
Kent State University
01/27/2013
Cerner Corporation
The purpose of this report is to provide a brief investment analysis of the Cerner Corporation. The analysis described below based on information retrieved from available online resources (see references) and the 2011 Cerner annual report. Further, this investment was guided by the outlined points presented by the teacher.
1. Company History:
Cerner was founded in 1979 by Neal Patterson, Paul Gorup, and Cliff Illig, who were colleagues at Arthur Andersen. This company was originally named PGI & Associates. In 1984 it was renamed as Cerner, and it was at that time when it rolled out its first system, PathNet. After which, in 1986; it became public. In 1995 the company initiated Cerner Millennium architecture, revolutionary software in the healthcare industry. In2005, it was reported that the company passed $1 billion in sales. As of that, the Cerner was able to attain the Riverport Campus complex on the site of what was formerly the Sam 's Town Casino; above the Missouri River in North Kansas City, Missouri. The world headquarters (WHQ) is across the street from North Kansas City Hospital, which was Cerner 's second hospital client. Later in 2006, it also acquired the former Marion Laboratories complex for a South Campus in southeast Kansas City, Missouri. The South Campus products include Power Chart and Millennium e-Booking, which is providing a code base for “Choose and Book”. In July 2010, president Trace Devanny left the company. Consequently, Devanny’s responsibilities have been absorbed by the current organization. Neal Patterson became the company’s president, in addition to his current role as Cerner’s chairman and chief executive officer. (Wikipedia, 2013).
Cerner Corporation (Cerner) is a supplier of healthcare information technology (HCIT) solutions, services, devices
References: Cerner 2011 annual report (2012). 2011 annual report. Retrieved January 27, 2013, from http://www.cerner.com/uploadedFiles/Content/About_Cerner/Investor_Relations/Cerner_Annual_Report_2011.pdf Cerner Corporation (2012). Cerner announces share repurchase program. Retrieved January 27, 2013, from http://www.cerner.com/about_cerner/newsroom/cerner_announces_share_repurchase_program/ TheStreet Wire (2013). Cerner corporation (CERN): Today 's featured technology winner. Retrieved January 27, 2013, from http://www.thestreet.com/author/1190833/TheStreet%20Wire%20/all.html Wettlaufer, D. (2012). Cerner is developing as the main beneficiary in an epochal shift in EHR software. Alacrastore Wikipedia: The free encyclopedia (2013). Cerner. Retrieved January 27, 2013, from http://en.wikipedia.org/wiki/Cerner