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M&A Deal Summary

Cerner Acquires AbleVets

On October 18, 2019, Cerner acquired business services company AbleVets

Acquisition Highlights
  • This is Cerner’s 3rd transaction in the Business Services sector.
  • This is Cerner’s 12th transaction in the United States.
  • This is Cerner’s 1st transaction in Virginia.

M&A Deal Summary
Date 2019-10-18
Target AbleVets
Sector Business Services
Buyer(s) Cerner
Deal Type Add-on Acquisition

Target

AbleVets

Chantilly, Virginia, United States
AbleVets is a strategic IT consulting and engineering firm. AbleVets was founded as a Service-Disabled Veteran-Owned Small Business and focuses on the unique missions of federal health clients.

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Buyer(S) 1

Buyer

Cerner

North Kansas City, Missouri, United States
Category Company
Founded 1979
Sector Information Technology
Employees26,400
Revenue 5.5B USD (2020)
DESCRIPTION
Entrance to Cerner's corporate campus in North Kansas City, Missouri.
Entrance to Cerner's corporate campus in North Kansas City, Missouri.

Cerner is a supplier of healthcare information technology services. The Company offers a range of intelligent solutions and services that support the clinical, financial and operational needs of organizations. Cerner was formed in 1979 and is based in North Kansas City, Missouri.

DEAL STATS #
Overall 13 of 14
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 11 of 11
State: Virginia M&A 1 of 1
Country: United States M&A 12 of 13
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 Siemens Medical Solutions USA

United States

Siemens Medical Solutions USA, Inc. (dba Siemens Health Services) is a provider of healthcare services.

Buy $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-03 Cerner RevWorks

Missouri, United States

Cerner RevWorks provides revenue cycle management outsourcing to services business and commercial, non-federal client relationships.

Sell -
Mergr

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