Cerner Corp. designs, develops, markets, installs and supports information technology and content solutions for healthcare organizations and consumers that are capable of being implemented on an individual, combined or enterprise-wide basis and are accessible over the internet by consumers, physicians and healthcare providers. Cerner's integrated suite of solutions enable healthcare providers to improve operating effectiveness, reduce costs and improve the quality of care as measured byclinical outcomes.
Industry:MEDICAL INFO SYS Sector: Medical Fiscal Year End:December Last Reported Quarter:03/31/12 Next EPS Date:07/26/12
Capital Structure Solvency and Cash Flow
Balance Sheet and Cash Flow
Cerner generated approximately $108 million (versus $73.4 million in 3Q09) of operating cash flow in 4Q09, $41 million of capital expenditure and $19 of capitalized software, resulting in $48 million (versus $25 million in 3Q09) of free cash flow.
Days sales outstanding (DSO) were 90 days at the end of 4Q09 versus 105 days in 3Q09 and 92 days in 4Q08.
Last edited Thu Mar 25, 2010 12:52 AM by SudiptaMukherjee (Zacks Investment Research)
Governance Social Responsibility and Employee Relations
On January 5, 2010, CERN announced deals with two health system companies - Tenet Healthcare Corp. (THC) and Universal Health Services Inc. As per the terms of the deal, Cerner will deploy various Millennium solutions at their hospitals. The combined value of the agreement contracts is about $200 million.
On December 18, 2009, Cerner announced it entered into 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. This acquisition will strengthen Cerner's position as a provider of comprehensive employer health services.
Last edited Thu Mar 25, 2010 12:53 AM by SudiptaMukherjee (Zacks Investment Research)
Recent and Upcoming Events
Major Risks
• Any negative change in reimbursement rates could dampen the outlook for capital spending and slow down HIT spending.
• Cerner's industry is highly regulated by the government, and is currently undergoing a change. Due to the fast evolution of product standards and requirements, any change in government regulation may have an adverse impact on Cerner's products.
Last edited Thu Mar 25, 2010 12:53 AM by SudiptaMukherjee (Zacks Investment Research)
Created by: WikiMigrationBot.
Last Modification: Thursday 03 of June, 2010 06:31:04 CDT by WikiMigrationBot.
