Exihibit 99.1
CONTACTS:
MEDIA: Ashley Crosby
Davidson, (816) 201-1580
[email protected]
INVESTORS: Marc G.
Naughton, (816) 201-2525
[email protected]
CERNER'S INTERNET
HOMEPAGE:
http://www.cerner.com
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
commitment 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
QuadRISO and MARSO," 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, 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 EnvoiO
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
4
<PAGE>
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,
Envoi and MARS. The name ADAC HCIS has been changed to
Cerner Radiology Information Systems, Inc.
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.
5
<PAGE>
