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Exhibit 99.2
CERNER ACQUIRES ADAC HEALTHCARE INFORMATION SYSTEMS
KANSAS CITY, MO. - NOVEMBER 21, 2000 - Cerner is pleased to announce the
completion of its previously announced acquisition of ADAC Health Care
Information Systems (HCIS) from ADAC Laboratories for approximately $6
million in cash. ADAC HCIS produces information and image management
solutions for radiology departments. This acquisition is expected to be
non-dilutive in 2001 and is expected to contribute positively to earnings in
2002.
"There is significant synergy between ADAC HCIS and Cerner in terms of our
cultures, shared architectures and committment to radiology as one of the
most vital diagnostic centers of healthcare," said Neal L. Patterson, Cerner
chairman and chief executive officer. "This acquisition broadens our market
presence and enhances our knowledge capital in radiology. These additional
footprints within the radiology segment further Cerner's mission to make
healthcare smarter, safer and more efficient."
"In addition to the many clients of both ADAC HCIS and Cerner, we welcome
more than 125 new clients to Cerner and believe they will benefit from our
industry-leading client service, commitment to innovation and continued
support for QuadRIS-TM- and MARS-TM-," said Patterson. "These clients
represent some of the most prestigious and innovative healthcare
organizations in America. Cerner will deliver the much-anticipated QuadRIS
upgrade planned for spring 2001. While the functionality of QuadRIS and
Cerner's world-class radiology solution, RadNet-Registered Trademark-, will
merge over time, Cerner will provide a smooth technology and financial
upgrade path for these products."
"Clinical imaging is a critical component of the electronic medical record
and plays an increasing role in the diagnostic and therapeutic treatment of
patients," said Patterson. "In fact, the marketplace for PACS (picture
archiving and communications systems) image management solutions is growing
at three times the rate of the radiology information systems market. Cerner
will integrate specific, proven ADAC HCIS PACS technology from the Envol
suite of image management products into the HNA Millennium platform to
provide the most complete and integrated radiology offering in the world."
"The experience, knowledge and client service mentality of the staff at ADAC
HCIS complements Cerner's world-class team of radiology experts," said Trace
Devanny, president of Cerner. "We will maintain an office in Houston for
these new Cerner associates and look forward to merging our visions for
transforming healthcare through product innovation in radiology."
CERNER CORPORATION (NASDAQ: CERN, WWW.CERNER.COM) IS THE LEADING SUPPLIER OF
CLINICAL AND MANAGEMENT INFORMATION AND KNOWLEDGE SYSTEMS TO MORE THAN 1,200
HEALTHCARE ORGANIZATIONS WORLDWIDE. CERNER'S MISSION IS TO CONNECT THE
APPROPRIATE PERSONS, KNOWLEDGE, AND RESOURCES AT THE APPROPRIATE TIME AND
LOCATION TO ACHIEVE THE OPTIMAL HEALTH OUTCOME. THE COMPANY'S VISION IS TO
IMPROVE THE HEALTH OF COMMUNITIES THROUGH INNOVATION AND INVESTMENTS IN
INFORMATION TECHNOLOGY. CERNER STRIVES TO TRANSFORM THE HEALTHCARE DELIVERY
SYSTEM BY INCREASING THE QUALITY OF CARE, IMPROVING EFFICIENCIES, ELIMINATING
MEDICAL ERROR AND CONNECTING THE INDIVIDUAL TO THE SYSTEM WITH INNOVATIVE
INFORMATION SOLUTIONS. HNA MILLENNIUM IS CERNER'S COMPREHENSIVE SUITE OF
SOLUTIONS THAT PROMOTE PERSONAL AND COMMUNITY HEALTH MANAGEMENT BY CONNECTING
CONSUMERS, CLINICIANS AND HEALTHCARE ORGANIZATIONS INTO A STREAMLINED,
UNIFIED SINGLE CARE PROCESS. HNA MILLENNIUM APPLICATIONS WORK ON A COHESIVE
PLATFORM THAT IS OPEN, INTELLIGENT AND SCALABLE, ALLOWING VITAL HEALTH
INFORMATION TO BE ACCESSED AND SHARED THROUGHOUT THE HEALTHCARE SYSTEM.
CERNER ... WE MAKE HEALTHCARE SMARTER. THE FOLLOWING ARE TRADEMARKS OF CERNER
CORPORATION: CERNER, HNA MILLENNIUM, RADNET, QUADRIS, ENVOL AND MARS. THE
NAME ADAC HCIS HAS BEEN CHANGED TO CERNER RADIOLOGY INFORMATION SYSTEMS, INC.
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CERNER ACQUIRES ADAC HEALTHCARE INFORMATION SYSTEMS PAGE 2 OF 2
THIS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS THAT INVOLVE A NUMBER OF
RISKS AND UNCERTAINTIES. IT IS IMPORTANT TO NOTE THAT THE COMPANY'S
PERFORMANCE, FINANCIAL CONDITION OR BUSINESS COULD DIFFER MATERIALLY FROM
THOSE EXPRESSED IN SUCH FORWARD-LOOKING STATEMENTS. THE WORDS "WILL,"
"EXPECT" AND 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: THE INABILITY TO ACHIEVE
EXPECTED SYNERGIES, THE SUCCESSFUL INTEGRATION AND MARKET ACCEPTANCE OF THE
PRODUCT TECHNOLOGIES, VARIATIONS IN THE COMPANY'S QUARTERLY OPERATING
RESULTS, VOLATILITY OF THE COMPANY'S STOCK PRICE, MARKET RISK OF INVESTMENTS,
CHANGES IN THE HEALTHCARE INDUSTRY, SIGNIFICANT COMPETITION, THE COMPANY'S
PROPRIETARY TECHNOLOGY MAY BE SUBJECTED TO INFRINGEMENT CLAIMS OR MAY BE
INFRINGED UPON, REGULATION OF THE COMPANY'S SOFTWARE BY THE U.S. FOOD AND
DRUG ADMINISTRATION OR OTHER GOVERNMENT REGULATION, THE POSSIBILITY OF
PRODUCT-RELATED LIABILITIES AND POSSIBLE FAILURES OR DEFECTS IN THE
PERFORMANCE OF THE COMPANY'S SOFTWARE. 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.
