BERLIN (The Deal) -- Germany's Siemens on Tuesday agreed to sell its hospital information systems division to Cerner (CERN - Get Report) as CEO Joe Kaeser makes good on a promise to focus the German industrial giant on businesses including automation and power generation equipment.
Cerner agreed to pay $1.3 billion for the division, which is based in Malvern, Pa. and helps hospitals move administrative and patient record-keeping into the digital era.
Digitizing patient records may help doctors better treat individual patients by flagging conflicting medications or past conditions. It also helps track statistical trends in illnesses, a key component to President Obama's healthcare overhaul.
The unit does not include Siemens' digital medical imaging and supporting businesses.(GE) away from France's Alstom by lodging a competing bid for the French company's power-generation equipment assets. Still, he did manage to buy nearly all of Rolls-Royce Holdings plc's energy assets for $1.3 billion.
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