CERN on NASDAQ

Cerner

Logo: Cerner, Public domain, via Wikimedia Commons5

American healthcare company

Oracle Health, formerly known as Cerner Corporation before it was acquired by Oracle, is an American multinational provider of health information technology (HIT) platforms and services. It is headquartered in North Kansas City, Missouri, United States.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1979Founded1

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  • TickerCERN on NASDAQ1
  • Industryhealth care1
  • HeadquartersNorth Kansas City1
  • Websitewww.cerner.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address2800 Rock Creek Pkwy, W0162, Attn: Cerner Legal, North Kansas City, Mo 641176
  • Filer categoryLarge accelerated filer6
  • LEI549300L4UJ40IEVVI3044
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 21036654
Cerner2
Photo: Americasroof, CC BY 3.0, via Wikimedia Commons8

Oracle Health, formerly known as Cerner Corporation before it was acquired by Oracle, is an American multinational provider of health information technology (HIT) platforms and services. It is headquartered in North Kansas City, Missouri, United States. The company is a leading electronic health record (EHR) provider, with over 9.5 million customers.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

12.3%Operating margin9
9.6%Net margin9
4.7%Revenue growth, 20219
15.1%Return on equity9
0.44×Debt to equity9
$1.5BFree cash flow9

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue17¢$1.0B
  • Other costs70¢$4.0B
  • Interest1¢$43.5M
  • Income tax2¢$143.9M
  • Profit10¢$555.6M

Out of $5.8B in revenue.9

Where each dollar of operating cash went, fiscal 2021

  • Capital spending14¢$289.7M
  • Dividends paid13¢$267.5M
  • Share buybacks73¢$1.5B

Out of $1.8B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.9

Financial statements

Revenue101112139$5.8B in 2021+69% since 2015
0$2.0B$4.0B$6.0B2015: $3.4B$3.4B20152016: $4.8B$4.8B2016+41%2017: $5.1B$5.1B2017+7%2018: $5.4B$5.4B2018+4%2019: $5.7B$5.7B2019+6%2020: $5.5B$5.5B2020−3%2021: $5.8B$5.8B2021+5%
Operating income101112139$708.3M in 2021−7% since 2015
0$250.0M$500.0M$750.0M$1.0B2015: $763.1M$763.1M20152016: $911.0M$911.0M2016+19%2017: $960.5M$960.5M2017+5%2018: $774.8M$774.8M2018−19%2019: $600.7M$600.7M2019−22%2020: $914.6M$914.6M2020+52%2021: $708.3M$708.3M2021−23%
Net income101112139$555.6M in 2021+6% since 2015
0$250.0M$500.0M$750.0M$1.0B2015: $525.4M$525.4M20152016: $636.5M$636.5M2016+21%2017: $867.0M$867.0M2017+36%2018: $630.1M$630.1M2018−27%2019: $529.5M$529.5M2019−16%2020: $780.1M$780.1M2020+47%2021: $555.6M$555.6M2021−29%
Fiscal year2015201620172018201920202021
Revenue$3.4B10$4.8B11$5.1B12$5.4B13$5.7B9$5.5B9$5.8B9
Cost of revenue$604.4M10$779.1M11$854.1M12$937.3M12$1.1B12$932.9M9$1.0B9
Operating expenses$4.1B9
Operating income$763.1M10$911.0M11$960.5M12$774.8M13$600.7M9$914.6M9$708.3M9
Interest$4.0M10$4.5M11$8.0M12$8.0M13$14.5M9$29.1M9$43.5M9
Income before tax$699.5M9
Income tax$248.7M10$281.9M11$100.2M12$170.8M13$125.1M9$211.4M9$143.9M9
Net income$525.4M10$636.5M11$867.0M12$630.1M13$529.5M9$780.1M9$555.6M9
Earnings per share$1.5410$1.8811$2.6212$1.9113$1.669$2.549$1.869
Earnings per share (diluted)$1.5010$1.8511$2.5712$1.8913$1.659$2.529$1.849
Shares (weighted, basic)298.7M shares9
Shares (weighted, diluted)301.3M shares9

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The story

Founded by Neal Patterson in 1979.1

Then Cerner, Oracle Health; was founded in 1979 by Neal Patterson, Paul Gorup, and Cliff Illig, who were colleagues at Arthur Andersen. Its original name was PGI & Associates but was renamed Cerner in 1984 when it rolled out its first system, PathNet. The name "Cerner" comes from the Latin word "cernere," which means "to separate" or "to discern". The name reflects the founders' vision of using software to help healthcare organizations make informed decisions and distinguish critical information.

It went public in 1986. The company's client base grew steadily in the late 1980s, reaching 70 sites in 1987, 120 sites in 1988, 170 sites in 1989, and reaching 250 sites in 1990. Installations were primarily of PathNet systems.

During this time, the company was developing components of a Health Network Architecture (HNA), an integrated IT system designed to automate health care processes. Clients could purchase individual components or the whole system at one time. By 1994, more than 30 clients had purchased the full HNA system, while 100 clients had purchased multiple components of the system.

In 1997, the company introduced Cerner Millennium, an upgrade to its HNA system which incorporated all of the company's software offerings into one unified architecture. The introduction of Millennium contributed to significant growth for the company, with revenue increasing to $1.1 billion in 2005 from $245.1 million in 1997.

IMC Health Care, Inc. was acquired in early 2010 to continue expanding its wellness services to outside commercial employers, pharmacies, and wellness programs.

In July 2010, president Trace Devanny left the company and was succeeded by founder Neal Patterson, who also served concurrently as chairman and chief executive officer. In September 2013, Zane Burke was named president, assuming the title from Patterson.

On August 5, 2014, the company announced its intent to purchase Siemens Health Services, the health information technology business of Germany's Siemens AG, for $1.3 billion. The acquisition was completed on February 2, 2015.

That July, Leidos Partnership for Defense Health, which included Cerner, Accenture, and Leidos, was awarded a 10-year, $4.3 billion contract to overhaul and manage the electronic health records for the Department of Defense.

Read the full text

CEO and co-founder Neal Patterson died on July 9, 2017. The following January, Brent Shafer was named Chairman and CEO. His tenure began February 2018.

In September 2019, 255 employees were laid off as part of an ongoing cost-cutting effort and reorganization. Additional layoffs continued in February 2020 following the sale of the company's healthcare IT business in Germany and Spain to German company CompuGroup Medical SE for €255 million. The same year, three new C-suite executives were hired, including Jerome Labat as chief technology officer (CTO), Darrell Johnson as chief marketing officer (CMO) and William Mintz as chief strategy officer (CSO).

Dr. David Feinberg, vice-president and head of Google Health, assumed the role of President and CEO on October 1, 2021.

On December 20, 2021, Oracle Corporation announced an agreement to buy Cerner for approximately $28.3 billion. The deal closed in June 2022, with the company rebranding to Oracle Health.

In June 2024, Oracle Health released an AI-powered clinical agent. The product allowed users to perform conversation-based note generation and introduced the Oracle Clinical Digital Assistant for rapid data access.

From Wikipedia’s article on Oracle Health, shared under CC BY-SA 4.0.7

Leadership

Who has led Cerner, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (31)

Products and brands

  • health informatics

Listed on Wikidata.1

Products

Oracle Health's primary product is the Cerner Millennium platform, an electronic health record (EHR) system. In August 2025, the company expanded their EHR offering to include AI-powered software.

Locations

Oracle Health world headquarters campus is at 2800 Rockcreek Parkway, North Kansas City, Missouri. It acquired additional space in Kansas City, Missouri in 2005 and in 2006 it acquired another location in Kansas City. In 2013, the company announced plans to redevelop 236 acres in south Kansas City, Missouri into an office park. The site was previously occupied by Bannister Mall, which was demolished in 2009. Construction broke ground on the new campus on November 11, 2014.

In 2024, Oracle Chairman, Larry Ellison, announced that the company planned to move its global headquarters to Nashville, Tennessee.

Oracle Health has offices in about 25 countries worldwide.

From Wikipedia’s article on Oracle Health, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Ultimate parent

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

  • CERNER CORP /MO/Feb 14, 1994 to Jul 17, 20196

Timeline

  1. Oct 1, 2021New chief executive David Feinberg becomes CEO18
  2. Feb 12, 2018New chief executive David Brent Shafer becomes CEO19
  3. Aug 14, 2017New chief executive Clifford W. Illig becomes CEO20
  4. Feb 14, 2006New chief executive Neal Patterson becomes CEO21
  5. 1979Founded Founded1

Filings

108 filings to the SEC since October 2021: 1 annual reports, 2 quarterly reports, 10 major events, 52 insider forms, 2 large holders, 41 other. The latest 20:

  1. Jun 23, 202215-12G EDGAR
  2. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  3. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  4. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  5. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  6. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  7. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  8. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  9. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  10. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  11. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  12. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  13. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  14. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  15. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  16. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  17. Jun 9, 20224 FORM 4 SUBMISSION EDGAR
  18. Jun 8, 202225-NSE EDGAR
  19. Jun 8, 2022S-8 POS EDGAR
  20. Jun 8, 2022S-8 POS EDGAR

The 108 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 0 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 4, 2022Battaglioli Michael R.SVP & Chief Accounting OfficerSale5,288$94.09$497.5KForm 4
Mar 11, 2022Platt Tracy LChief Human Resources OfficerSale7,769$93.40$725.6KForm 4
Mar 4, 2022Devers DanielEVP & Chief Legal OfficerSale51,174$93.29$4.8MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Members of Congress who traded it

16 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 10, 2022Kevin HernRepublican, HouseSale$15,001 - $50,000Report
Nov 18, 2021Peter WelchDemocratic, HouseSale$1,001 - $15,000Report
May 12, 2021David B. McKinley, HouseSale$15,001 - $50,000Report
Mar 24, 2021David B. McKinley, HouseSale$15,001 - $50,000Report
Feb 22, 2021David B. McKinley, HouseBuy$1,001 - $15,000Report
Oct 5, 2020David B. McKinley, HousePartial sale$1,001 - $15,000Report
Feb 28, 2020Dean Phillips, HouseSale$1,001 - $15,000Report
Feb 27, 2020Cindy Axne, HouseSale$1,001 - $15,000Report
Feb 27, 2020Cindy Axne, HouseSale$1,001 - $15,000Report
Feb 27, 2020Cindy Axne, HouseSale$1,001 - $15,000Report
Feb 27, 2020Dean Phillips, HousePartial sale$1,001 - $15,000Report
Feb 26, 2020Dean Phillips, HousePartial sale$1,001 - $15,000Report
Feb 20, 2020Mikie Sherrill, HouseSale$1,001 - $15,000Report
Feb 14, 2020Dean Phillips, HousePartial sale$1,001 - $15,000Report
Feb 10, 2020Dean Phillips, HousePartial sale$1,001 - $15,000Report
Jan 5, 2017Thomas R. SuozziDemocratic, HouseSale$15,001 - $50,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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