Analyst: Cerner deal with activist reflects needed focus on operations

Cerner Corp.'s recent deal with an activist investor fund is a positive for the North Kansas City-based company as it continues to improve operational performance, said Richard Close, a health care IT analyst for Vancouver-based wealth management firm Canaccord Genuity. Cerner (Nasdaq: CERN) announced a cooperation agreement Tuesday with Starboard Value LP to refresh its board, commit to improving margins and initiate a $1.2 billion stock repurchase plan. "I think from Starboard's perspective,…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news