Cerner Corp. is paying $1.3 billion in cash to acquire the hospital information systems business line of Siemens Healthcare. Large acquisitions usually don't succeed and time will tell on this one.

The acquisition, likely closing in early 2015, was expected as rumors have circulated in the industry for more than a week. The transaction does not include Siemens’ diagnostic imaging products and laboratory equipment lines, although Germany-based Siemens AG and Cerner have a new strategic alliance to combine Cerner’s I.T. products with Siemens’ imaging and medical device products.

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