Cerner Board Approves Stock Repurchase Program - Quick Facts

(RTTNews) - Cerner Corp. (CERN) announced its board has approved a stock repurchase program, authorizing the repurchase of up to $217 million of its common stock. The company said the repurchase is intended to offset a portion of the dilution created by future equity grants and will be funded from working capital. The previous stock repurchase program approved by the board in 2012 was completed.

Neal Patterson, Cerner's chairman, CEO, said: "At current prices, we believe the repurchase of our stock is a good use of funds. This program reflects our commitment to enhancing long-term shareholder value and our confidence in Cerner's prospects as a leader in the growing health care industry."