Clifford Chance has advised Siemens AG on the sale of its business for hospital information systems (HS) for USD 1.3 billion to the US-based company Cerner Corp. The transaction is subject to applicable regulatory approvals.

HS is headquartered in Malvern, Pennsylvania/USA, and employs some 6,000 employees worldwide with operations in the U.S., in Europe (particularly in Germany) and in Asia. The company offers software and IT services for clinical and financial administration processes in hospitals.

Clifford Chance also advised Siemens on the agreement of a strategic alliance in the field of Next Generation Healthcare IT with Cerner Corp., which will start simultaneously with the sale. Next Generation Healthcare IT is one of the future focus fields of action for Siemens Healthcare.

The Clifford Chance team was led by partners Dr. Nicole Englisch and Jan F. Wrede and comprised counsel Dr. Matthias Wahl, associate Wenzel Richter (all Corporate, Munich) as well as transaction lawyer Moritz Erdmann (Corporate, Frankfurt).