SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
November 17, 1998
Cerner Corporation
(Exact name of Registrant as specified in its charter)
Delaware 0-15386 43-1196944
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
Incorporation)
2800 Rockcreek Parkway, Suite 601, Kansas City, Missouri 64117
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (816) 221-1024
________________________________________________________________
(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
Cerner Corporation issued a press release on November 17,
1998, a copy of which is attached hereto as Exhibit 99.1 and is
incorporated herein by reference, announcing that on November 17,
1998, Cerner and General Electric Company, acting through its GE
Medical Systems Division, formed a strategic alliance to
integrate Cerner's HNA Millennium RadNet Radiology Information
System with GE Medical Systems' Picture Archive and Communication
Systems (PACS) technology. In addition, Cerner will have access
to GE Medical Systems' extensive distribution and support
capabilities in North America. In connection with this alliance,
General Electric Company has agreed to purchase 670,000 shares of
Cerner's common stock at $22.20 per share.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
(a) Financial Statements of Business Acquired: None
(b) Pro Forma Financial Information: None
(c) Exhibits:
99.1 Press Release issued November 17, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, hereunto duly authorized.
CERNER CORPORATION
Date: November 17, 1998 By: /s/ Marc Naughton
Marc Naughton, Chief Financial
Officer
<PAGE>
EXHIBIT INDEX
Exhibit
Number Description Page
99.1 Press Release issued November 17, 1998.
Exhibit 99.1
CERNER AND GE MEDICAL SYSTEMS FORM STRATEGIC ALLIANCE;
GE MAKES EQUITY INVESTMENT IN CERNER
November 17, 1998 04:33 PM
KANSAS CITY, Mo., and MILWAUKEE, Wis., Nov. 17/PRNewswire/ --
Cerner Corporation CERN and GE Medical Systems today jointly
announced the formation of a strategic alliance to integrate
Cerner's HNA Millennium RadNet Radiology Information System with
GE Medical Systems' Picture Archive and Communication Systems
(PACS) technology. In addition, Cerner will have access to GE
Medical Systems' extensive distribution and support capabilities
in North America. In connection with this alliance, General
Electric Company GE has agreed to purchase 670,000 shares of
Cerner's common stock at $22.20 per share.
Through this alliance, Cerner and GE Medical Systems will raise
the standard for the integration of information and medical
images into electronic patient records to drive more cost
effective and higher quality outcomes for patients. Both
companies are committed to solutions based on an open and common
architecture that enable the integration of information and
medical images. Radiologists and other clinicians will benefit
as they access information and images in a seamless fashion on
common workstations. Healthcare organizations will benefit from
improved productivity and enhanced decision making by clinicians,
and the elimination of unnecessary technology investment.
Jeffrey R. Immelt, President and CEO of GE Medical Systems said,
"We have formed a partnership with Cerner which we believe will
be of tremendous value to each company, while enabling us both to
better serve our customers. This alliance creates the foundation
to develop a suite of world-class healthcare solutions that will
provide substantial benefits to this industry. We recognize the
unique and significant investment that Cerner has made in HNA
Millennium and have concluded it is truly leading edge
technology. Cerner's vision and superior architectural approach
combined with GE Medical Systems' technology and service
offerings will enable a new standard of effectiveness and
efficiency in radiology and across the enterprise."
Neal Patterson, Cerner's Chairman and CEO said, "GE is one of the
most respected and recognized names in American business and GE
Medical Systems is acknowledged as an organization with superior
solutions, service and quality in the healthcare industry. GE
Medical Systems is a leading provider of radiology productivity
solutions through its PACS technology and we believe our alliance
will produce substantially enhanced solutions for the
marketplace. We are confident of creating unmatched value for
our healthcare clients."
Cerner and GE Medical Systems will be introducing the alliance
and detailing the new solution that will be jointly developed at
a press conference at the 84th Scientific Assembly and Annual
Meeting of the Radiological Society of North America (RSNA), to
be held November 29th to December 4th, 1998 in Chicago, Illinois.
GE Medical Systems is a $5 billion leader in medical imaging
systems and services with nearly 20,000 employees worldwide. GE
Medical Systems offerings include conventional and digital
x-ray, computed tomography (CT), magnetic resonance (MR),
ultrasound, positron emission tomography (PET), nuclear medicine
and healthcare information management.
Cerner Corporation is a leading supplier of clinical and
management information and knowledge systems to more than 1,000
healthcare organizations worldwide. Cerner's vision of proactive
healthcare management drives innovation in the development of
effective solutions for today's healthcare challenges, while
creating a foundation for tomorrow's healthy populations.
Cerner, HNA, HNA Millennium, RadNet and RadNet Radiology
Information System are trademarks of Cerner Corporation. Any and
all other trademarks listed herein are the property of their
respective owners.
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Among the important
factors that could cause actual results to differ materially from
those indicated by such forward-looking statements are quarterly
fluctuation results, seasonal patterns of sales and client
behavior, changing economic and regulatory influences on the
healthcare industry, the development by competitors of new or
superior technologies or entry into the market of new
competitors, dependence on intellectual property rights, delays
in product development, Cerner's dependence on key personnel,
possible regulation of Cerner's software by the U.S. Food and
Drug Administration, volatility of Cerner's stock price and other
risks detailed from time to time in Cerner's reports and
registration statements filed with the Securities and Exchange
Commission.
SOURCE: Cerner Corporation.
