In reading the press release all terms appear to be confidential so all I can assume is that some kind of licensing was perhaps attained with a dollar value. Being around as long as they have I’m sure Cerner has a number of patents as well when it comes to intellectual property with the size of company they are such as their CareAware FDA approved systems for one example.
Just recently Walgreens settled with MMRGlobal and there’s a few more out there yet like Allscripts and WebMD that have been given patent infringement notices. The Walgreens agreement was interesting as it also had Drugstore.com, a division of the company to begin marketing and selling MyMedicalRecords, the PHR from MMRGlobal. BD
Walgreens and MyMedicalRecords Reach Settlement Agreement Related to Patent Infringements
LOS ANGELES, CA -- (Marketwired) -- 03/12/14 -- MMRGlobal, Inc. (OTCQB: MMRF) ("MMR") today announced an agreement with Cerner Corporation relating to MMR's MyMedicalRecords, Inc. Personal Health Record patent portfolio, including U.S. Patent Nos. 8,117,045; 8,117,646; 8,121,855; 8,301,466; 8,321,240; 8,352,287; 8,352,288; 8,498,883, 8,626,532 and 8,645,161. The confidential agreement includes other terms and conditions related to an ongoing business relationship between the parties.
MMRGlobal CEO, Robert H. Lorsch stated, "We're pleased to announce this Patent Agreement with Cerner which represents a unique opportunity for Cerner to benefit from MMR's patented intellectual property. MMR is especially proud to have entered into this agreement with an organization that collectively provides solutions to more than 14,000 facilities worldwide including more than 3,000 hospitals and 2,900 physician practices."
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