Benzinga | Apr 1, 2021 01:58PM EDT

Cerner Scoops Up Kantar Heath For $375M

* Cerner Corporation (NASDAQ: 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.