Cerner Acquires AbleVets to Advance Federal Healthcare IT Modernization Strategy

On October 21, 2019, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that U.S.-based Cerner announced the acquisition of IT consulting firm AbleVets.

No financial terms of the acquisition have been disclosed, and the transaction is expected to close in the fourth quarter.

Upon completion of this acquisition,Cerner will continue to advance its work with the U.S. Department of Defense, the Department of Veterans Affairs, and other federal agencies, implementing a strategic transformation plan for healthcare IT modernization in the federal market. Moving forward, Cerner will continue to drive healthcare innovation and seek top talent to deliver higher-quality healthcare to its customers. In addition, Cerner will collaborate with health technology leaders possessing specialized technical expertise and capabilities to further provide high-value solutions to its customers and taxpayers.

AbleVets is a strategic health IT consulting firm that specializes in providing engineering, cybersecurity, cloud hosting, and system development services to civilian and military health agencies—including the Department of Defense, the Veterans Health Administration, and the Department of Health and Human Services—delivering specialized technical expertise for the design and implementation of federal modernization initiatives.

The company currently hasWith a workforce of 350 employees, many of whom are veterans, AbleVets specializes in addressing the unique needs of federal healthcare clients, helping them implement IT modernization initiatives more quickly, efficiently, and cost-effectively. Through collaborations with civilian defense medical institutions, AbleVets drives innovation and ensures the quality of healthcare services, thereby improving the lives of veterans, service members, and their families.

Cerner, founded in 1979 and commencing operations in 1980, is a leading provider of healthcare information technology (HCIT), offering comprehensive software, professional services, medical device integration, remote hosting, and employer health and wellness solutions. Cerner stated that the acquisition of AbleVets, headquartered in Washington, D.C., would provide Cerner with greater scale and technical expertise in designing and implementing modernized solutions, particularly within the federal sector.

Wyatt Smith, founder and CEO of AbleVets, is an oncologist. “I launched AbleVets to provide health IT solutions that improve veterans’ health,” said Wyatt Smith. “Over the past year, through our partnership with Cerner, we have made significant progress, laying the foundation for our shared mission to transform care for those who serve our nation. By combining AbleVets’ strategic and technical expertise in the federal sector with Cerner’s global scale, technology, and innovation, we can expand our collective reach, accelerate our pace of development, and maximize our impact on improving outcomes across the entire care continuum. We are excited to join forces with Cerner to deliver greater value and high-quality healthcare services to those who serve.”

Travis Dalton, President of Cerner Services, stated: “AbleVets has long been a trusted partner of Cerner and is providing critical support for our federal programs. Integrating their team into our business is a natural next step in our relationship. We believe that AbleVets’ technical expertise and execution capabilities in solving complex problems will accelerate Cerner’s success in delivering integrated, seamless care to veterans, service members, and their families.”

(Compiled by Wang Fang)