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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cerner Corporation    CERN

CERNER CORPORATION

(CERN)
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Cerner : Lifecenters Revolutionize Senior Living; Launch Patient-Focused Wellness Communities

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08/08/2019 | 09:01am EDT

KANSAS CITY, Mo., Aug. 08, 2019 (GLOBE NEWSWIRE) -- Cerner Corporation (NASDAQ: CERN), a global health platform and innovation company, is teaming up with LifeCenters, a planned wellness community development company, to provide primary care, pharmacy and fitness programs to senior-living communities across the country. Known as VIA Centers, residents will have access to primary care physicians and specialists including dieticians, chiropractors, fitness and health coaches at their Wellpoint properties. Through highly specialized care, the centers will engage patients and their health needs by focusing on diagnosing the root cause of an illness and developing personalized treatment plans.

“This is an exciting new venture for Cerner that goes beyond the traditional care setting. We have the opportunity to take our legacy of innovation in managing wellness clinics that provide a diverse offering of care needs and bring it directly to the residents of Wellpoint Communities where they live, work and play as they age well,” said David Bradshaw, senior vice president, Consumer & Employer Solutions, Cerner. “We are committed to transforming the future of health care. Through our collaboration with LifeCenters, we will offer better care for residents to proactively approach their health and well-being directly in their communities.”

Nearly 10,000 Americans turn 65 each day, changing the health care landscape and driving the need to engage a person in their care to create healthier populations. Through this work with LifeCenters, Cerner is focusing on trends shaping the future of health care with individualized programs designed for each person. In addition to primary care, the VIA Centers will also utilize alternative therapies such as cryotherapy, hyperbaric oxygen, salt therapy, massage, acupuncture, float therapy, IV nutrition therapy and infrared saunas. Residents will have close access to an on-site pharmacy and fully equipped fitness center.

The centers will also offer Cerner Motion HealthSM, which aims to identify the sources of musculoskeletal issues to proactively address and avoid serious symptoms and interventions. The motion capture system, a 12-movement musculoskeletal screen using the latest marker-less 3D motion capture technology, helps athletic trainers provide a more personalized rehabilitation plans for their patients.

“Wellpoint communities are revolutionizing how seniors live and love life, and a large part of that effort is enhancing the approach to personal care,” said Joseph McCarron, CEO, LifeCenters Communities. “Within these communities, we’re coupling hospitality and health care to offer residents a unique, personalized experience. We are thrilled to work alongside Cerner to bring the latest in preventative care and overall wellness offerings.”  

The Via Centers will serve as the hub of the Wellpoint Communities, which consist of independent-living apartments, assisted-living apartments and suites dedicated to memory care all within a residential neighborhood. The communities also offer a boutique hotel and restaurant, as well as private residences.

The first of the Via Centers broke ground at Wellpoint Community at Hampton Cove in Huntsville, Alabama, with immediate plans for three additional communities in Tennessee, Florida and New England. Hutchinson Consulting, a leading hospitality, marketing and recruiting firm in St. Louis, assisted in the creation of the new communities, as well as introducing the partners and bringing the concept to life.

About Cerner
Cerner’s health technologies connect people and information systems at more than 27,500 contracted provider facilities worldwide dedicated to creating smarter and better care for individuals and communities. Recognized globally for innovation, Cerner assists clinicians in making care decisions and assists organizations in managing the health of their populations. The company also offers an integrated clinical and financial systems to help manage day-to-day revenue functions, as well as a wide range of services to support clinical, financial and operational needs, focused on people. For more information, visit Cerner.com, The Cerner Blog, The Cerner Podcast or connect on Facebook, Instagram, LinkedIn or Twitter. Nasdaq: CERN. Smarter Care. Better Outcomes. Healthier You. 

About LifeCenters Communities, LLC
LifeCenters is a real estate development company with extensive executive and associate experience in the Senior Living, Spa and Hospitality Industries. Our formative emphasis is on the emergence of Planned Wellness Communities anchored by the confluence of senior living, integrative medicine, boutique hospitality and residential neighborhood interests.  For more information, visit lifecenters.community.  

About Hutchinson Consulting
For more than 25 years, Hutchinson Consulting has been the hospitality industry’s leading executive search and recruiting firm, matching the best candidates with the finest resorts, spas, senior living and wellness centers.  In 2018, under new ownership, Hutchinson Consulting expanded their services to offer development, marketing and operations guidance to a wide variety of top brands. For more information visit hutchinsonconsulting.com.

Media Contacts:

Cerner
Anamarie Rebori Simmons, public relations, (816) 506-0992, anamarie.reborisimmons@cerner.com

LifeCenters Communities
Taryn Scher, public relations, (864) 469-7488, taryn@tkpublicrelations.com

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Source: Cerner Corporation

2019 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2019 5 715 M
EBIT 2019 1 057 M
Net income 2019 665 M
Debt 2019 407 M
Yield 2019 -
P/E ratio 2019 32,9x
P/E ratio 2020 24,5x
EV / Sales2019 3,84x
EV / Sales2020 3,62x
Capitalization 21 568 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 75,48  $
Last Close Price 67,74  $
Spread / Highest target 25,5%
Spread / Average Target 11,4%
Spread / Lowest Target -9,95%
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Managers
NameTitle
Brent Shafer Chairman & Chief Executive Officer
Michael R. Nill Chief Operating Officer
Marc G. Naughton Chief Financial Officer & Executive Vice President
Doug Dickey Senior Director & Chief Medical Officer
Gerald E. Bisbee Independent Director
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