Stocks in the News: Cerner Corporation (NASDAQ:CERN), Sherwin-Williams Co (NYSE:SHW)

On Monday, Shares of Cerner Corporation (NASDAQ:CERN), added 0.43% and closed at $48.68 in the last trading session. The last trading range of the stock ranges between $48.52 and $49.82. Cerner, a global leader in health care technology, recently declared a telehealth agreement with American Well, a leading national telehealth company. Together, the companies will deliver a virtual health care experience that will integrate the American Well platform with Cerner’s electronic health record (EHR). The integration will facilitate providers to manage the health and care of patients beyond the walls of the health system. “Cerner and American Well share the belief that all aspects of health care delivery should be unified, continuous and patient-centered. Together, we’re committed to developing a long-term strategy to align American Well’s telehealth technologies, services and programs to deliver an improved user experience within the Cerner EHR and ecosystem,” said Don Bisbee, senior vice president at Cerner.

“Our alliance with Cerner and deep integration between the electronic health record and telehealth visit is one of the industry’s first. We look forward to a long-term, collaborative relationship of deploying advanced telehealth solutions that add greater value for our joint health system clients together with their patients and providers,” said Dr. Ido Schoenberg, chairman and CEO of American Well.

Sherwin-Williams Co (NYSE:SHW), jumped 0.62% and closed at $263.38 in the last trading session. The last trading range of the stock ranges between $261.24 and $263.63. The company’s Market capitalization is $24.17 Billion with the total Outstanding Shares of 92.91 million. The Sherwin-Williams Company (NYSE: SHW) declared recently that Christopher M. Connor will retire from his position as Executive Chairman effective as of the close of business on December 31, 2016 following a 34-year career with Sherwin-Williams.  Mr. Connor will remain a member of Sherwin-Williams’ Board of Directors until his retirement from the Board at the end of his current term at the 2017 Annual Meeting of Shareholders in April, 2017.  In addition, the Board has elected John G. Morikis to assume the additional role of Chairman effective January 1, 2017.  Mr. Morikis has served as Sherwin-Williams’ President and Chief Executive Officer since January 1, 2016.

“I’d like to thank Chris for his exemplary vision, guidance and leadership over his distinguished career with Sherwin-Williams,” said Mr. Morikis.  “Chris set very high standards for our Company and his influence will be felt for many years to come.”

Mr. Morikis joined Sherwin-Williams in December 1984 as a administration trainee in the Company’s Paint Stores Group and has held many key leadership positions, counting nine years as President and Chief Operating Officer, during his 32 years with the Company.

 

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