Cerner Scoops Up Kantar Heath For $375M

Cerner Corporation 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.