Cerner to Acquire Bridge Medical, Leader in Point-of-Care Software Solutions; Agreement Expands Healthcare IT Company's Reach in Bar-Coding Solutions.KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. -- Cerner Corp. (Nasdaq:CERN CERN or European Organization for Nuclear Research, nuclear and particle physics research center straddling the French-Swiss border W of Geneva, Switzerland. ) announced today it has signed an agreement to acquire substantially all the assets of Bridge Medical, Inc., an AmerisourceBergen Corporation subsidiary and a leader in the point-of-care software market. The transaction will expand Cerner's presence in the bar-coding market, an area expected to increase considerably as the federal government continues its push to bring medical information to the point of care. "Cerner is committed to providing solutions to our clients that improve health outcomes at the bedside, resulting in greater productivity and safety. This acquisition brings speed to safety in the healthcare market, and bolsters our already significant set of point-of-care technologies, as well as our client base," said Paul Black, Cerner chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "As hospitals and health organizations strive to meet the Joint Commission on Accreditation of Healthcare Organizations Joint Commission on Accreditation of Healthcare Organizations, n.pr the United States body that accredits healthcare organizations. Joint Commission on Accreditation of Healthcare Organizations (JCAHO/TJC), n. standards, the growth of Cerner's point-of-care offerings positions the company well to help our clients remain fully compliant with industry requirements." Named the Best in KLAS KLAS Keystone Library Automation System for medication administration in a September 2004 Bedside Study, Bridge Medical's barcode-enabled point-of-care system combines medication verification with laboratory specimen A laboratory specimen is a sample of a species which is preserved and made available to Zoology students in educational institutions. The purpose is to educate the student about the structure, general appearance, various organs, and details related to the specimen's body. identification. The solution employs bar-code scanning, clinical knowledge bases, wireless networking See wireless network. and integration capabilities to alert clinicians of potential medication administration and collection errors at the bedside. The acquisition complements Cerner's PowerPOC(TM) suite of solutions and Cerner Millennium(R) PathNet(R) Handheld Specimen SPECIMEN. A sample; a part of something by which the other may be known. 2. The act of congress of July 4, 1836, section 6, requires the inventor or discoverer of an invention or discovery to accompany his petition and specification for a patent with specimens Collections for laboratory. With Bridge Medical(TM) technologies among its offerings, Cerner will be able to bring new opportunities to longstanding Cerner Classic(TM) clients, and extend a greater reach into the growing point-of-care software market. "Since Bridge Medical formed in 1996, the company has maintained a single objective -- ensuring the utmost safety and quality care for those in the healthcare system," said Denean Rivera, president of Bridge Medical. "We are excited to become a vital part of Cerner's point-of-care strategy." The acquisition is not expected to have a material impact on Cerner's 2005 financial results. About Cerner Cerner Corp. is taking the paper chart out of healthcare, eliminating error, variance and waste in the care process. With more than 1,500 clients worldwide, Cerner is the leading supplier of healthcare information technology. The following are trademarks of Cerner: Cerner, Cerner Millennium, PathNet, PowerPOC, Cerner Classic, Cerner's logo. Bridge Medical is a trademark of Bridge Medical, Inc. Nasdaq:CERN, www.cerner.com. Cerner Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This release contains forward-looking statements that involve a number of risks and uncertainties. It is important to note that the Company's performance, and actual results, financial condition or business could differ materially from those expressed in such forward-looking statements. The words "will," "expected," "committed" 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: quarterly operating results may vary, stock price may be volatile, changes in the healthcare industry, significant competition, the Company's proprietary technology may be subjected to infringement The encroachment, breach, or violation of a right, law, regulation, or contract. The term is most frequently used in reference to the invasion of rights secured by Copyright, patent, or trademark. claims or may be infringed upon, government regulations, the possibility of product-related liabilities, possible errors or failures in the performance of the Company's software, risks associated with the Company's global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. , the recruitment and retention of key personnel, risks related to third-party suppliers, the potential inconsistencies in sales forecasts Sales forecast A key input to a firm's financial planning process. External sales forecasts are based on historical experience, statistical analysis, and consideration of various macroeconomic factors. compared to actual sales, failure of the parties to achieve the intended benefits, and, failure to reach the intended synergies. Additional discussion of these and other factors affecting the Company's business is contained in the Company's periodic filings with the Securities and Exchange Commission. The Company 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. |
|

Printer friendly
Cite/link
Email
Feedback
Reader Opinion