Cerner CFO sells $13M of company stock

Jackie Drees - Print  | 

Cerner CFO Marc Naughton sold 176,000 shares, totaling about $13.9 million, of company stock, according to a Feb. 7 SEC filing.

Mr. Naughton, who joined the Kansas City, Mo.-based EHR company in 1992 as a finance executive, still owns about 99,599 shares of Cerner stock. The amount is equal to an estimated $7.86 million, the Kansas City Business Journal reports.

Last June, former Cerner COO Mike Nill sold about 85 percent of the company's stock for almost $17 million five months before announcing his departure from the company, according to the report.

More articles on EHRs:
Survey: Community hospitals rate Allscripts top cloud-based EHR replacement 
VA postpones Cerner EHR go-live
AdventHealth switches from Cerner EHR to Epic: 6 notes  

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.