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Cernerâs Billion Dollar Big Data Bet
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Cerner
Cerner has long been synonymous with electronic medical records for hospitals and providers, but the healthcare technology company has set its sight on a new customer: the pharmaceutical industry. âThere is a ton of information that is documented and captured as a byproduct of everyday medicine,â says Cerner president Donald Trigg. âThat information has the opportunity to really be a positive force for how we think about the cost and time of clinical trials.â
On Thursday, the Kansas City, Missouri-based company finalized its $375 million cash acquisition of New York-based Kantar Health, a life sciences data and analytics research firm. First announced last December, the deal is part of a bigger strategy to grow Cernerâs data-as-a-service offerings into a billion dollar revenue business over the next few years. âWe didn t specify a timeframe, but think about this as a Cerner 2025 amb