Cerner to acquire Resource SystemsMay 12, 2011 | Industry News Release
Cerner Corporation (Nasdaq:CERN) announced it has reached an agreement to acquire Resource Systems, developer of the CareTracker point-of-care electronic documentation system currently utilized by more than 3,000 organizations, primarily within skilled nursing and assisted living facilities.
Resource Systems' solutions are complementary to Cerner's current long-term care offerings, allowing the company to offer enhanced value through improved reimbursement and better resident care to clients in the long-term care marketplace. According to the American Health Care Association, there are currently more than 15,000 long-term care facilities in the United States, and this number is expected to increase significantly as the population ages.
"Long-term care services are performed in a variety of post-acute settings, ranging from skilled nursing facilities to managing a person's health in their home to end of life hospice services," said John Landis, Cerner senior vice president. "With this acquisition, Cerner is solidifying its commitment in the post-acute marketplace while immediately aligning with a strong long-term care client base. These organizations often extend their reach across multiple post-acute venues and want to consolidate their resident health information into a single electronic health record. Cerner is now uniquely positioned to deliver that solution."
Resource Systems' flagship solution, CareTracker, enables caregivers in long-term care facilities to electronically record resident care activities, including electronic documentation of activities of daily living (ADLs), a component of MDS 3.0 reporting which has historically been challenging to document. By capturing the information electronically, caregivers are able to increase the accuracy of resident assessments, and more easily identify residents experiencing a decline in health or those that are at risk for certain conditions. Resource Systems also provides an MDS optimization system for skilled nursing facilities, MDS Director™, which will be integral to the combined solution.
"Cerner and Resource Systems share a common view of the value of empowering clinicians to provide better, more accurate care," stated Larry Triplett, president and co-founder of Resource Systems. "Cerner's resources and dedication to improving health opens the door for us to create additional solutions that enable clinicians to identify and treat resident health issues before they become problems."
The acquisition is anticipated to close in May of 2011 and is not expected to have a material impact on Cerner's 2011 financial results. Triplett will join Cerner and help lead its growth in the long-term care market.
About Resource Systems
Resource Systems is a leader in healthcare technology systems. CareTracker, the company's flagship technology solution, is an innovative documentation system that helps long-term care centers improve quality, reduce risk, ensure compliance, and improve the bottom line. Privately held since its founding in 1980, Resource Systems has more than 3,000 CareTracker clients throughout the nation. www.resourcesystems.net.
Cerner is transforming healthcare by eliminating error, variance and waste for healthcare providers and consumers around the world. Cerner® solutions optimize processes for healthcare organizations ranging in size from single-doctor practices, to health systems, to entire countries, for the pharmaceutical and medical device industries, employer health and wellness services industry and for the healthcare commerce system. These solutions are licensed by approximately 9,000 facilities around the world, including more than 2,600 hospitals; 3,500 physician practices covering more than 30,000 physicians; 500 ambulatory facilities, such as laboratories, ambulatory centers, cardiac facilities, radiology clinics and surgery centers; 800 home health facilities; and 1,600 retail pharmacies. The trademarks, service marks and logos (collectively, the "Marks") set forth herein are owned by Cerner Corporation and/or its subsidiaries in the United States and certain other countries throughout the world. Nasdaq: CERN.