Siemens' $2.1 Bil. SMS Buy To Leverage 10% Annual Health Care IT Growth

Acquisition of health information systems and services provider Shared Medical Systems for $2.1 bil. in cash will help Siemens Medical Engineering Group capitalize on the estimated 10% annual growth of the health care information technology sector and build on its strategy to increase the services component of its business from 25% to 50%, Siemens says.