In separate deals last week, health information technology provider Cerner Corp. and consumer product company Procter & Gamble Co. expanded their healthcare presence. Cerner Corp. reached an agreement to acquire IMC Health Care, a privately held provider of employer-sponsored on-site health centers, for an undisclosed amount. The deal is expected to close in the first quarter of 2010. IMC Health Care, Jacksonville, Fla., which operates 23 on-site clinics for 15 corporations, will expand Kansas City, Mo.-based Cerner’s push into workplace clinics that began in 2006 with its own headquarter-based clinic, a Cerner spokeswoman said. Separately, Procter & Gamble said it will assume full ownership of MDVIP, a concierge network of 350 physicians in 28 states and the District of Columbia, increasing its ownership stake to 100% from 48%, the companies announced. No financial terms were disclosed, and MDVIP CEO Bret Jorgensen said that the deal is expected to close by the end of the month. The deal was given clearance by the Federal Trade Commission on Dec. 11. P&G’s initial investment in the company was made in January of 2007, and Jorgensen said the initial outreach call was made by P&G to MDVIP. He added that the company’s executive team will not change, its headquarters will continue to be in Boca Raton, Fla., and MDVIP will operate as an independently run but wholly owned subsidiary of the Cincinnati-based consumer and household product giant. P&G’s Web site indicates it sold some $80.3 billion worth of products in 2009, with “health and well-being” items (“personal health care” included) accounting for $16.7 billion.
Late News: Cerner, P&G extend reach into healthcare market
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