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Cerner Scoops Up Kantar Heath For $375M

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Vandana Singh
·1 min read
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  • Cerner Corporation (NASDAQ: CERN) announced it is acquiring Kantar Health, a Kantar Group division, for $375 million in cash.

  • Kantar Health's life sciences research and consulting solutions will be combined with Cerner's real-world data and technology collection.

  • The Cerner Learning Health NetworkSM client consortium will engage more with life sciences companies for funded research studies.

  • As a result of the transaction closing, the Kantar Health team located worldwide is joining Cerner and will integrate within its Strategic Growth business.

  • The deal includes Kantar Health's research and consulting solutions and global clients.

  • Lynnette Cooke, head of Kantar Health, will continue to lead the team and join the Cerner leadership.

  • Price Action: CERN shares are up 1.7% at $73.1 in the market trading session on the last check Thursday.

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