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Riyadh Valley Company, Zamil Group and Cerner Announce Joint Health Care Technology Venture in Saudi Arabia .

Riyadh Valley Company (RVC) of King Saud University, a Saudi government owned investment firm which aims to be the leader in knowledge-based investment and technology transfer in Saudi Arabia, announced today it has entered into partnership with Zamil Group, one of Saudi Arabia's leading business groups and Cerner Corporation (Nasdaq:CERN), a leading global supplier of health care technology, to form Riyadh Valley HIS Company. This collaboration will offer health information systems and services (HIS) to its affiliated hospitals, other Ministry of Higher Education hospitals and private hospitals in Saudi Arabia.

"The health care sector continues to be a key component in the Kingdom's shift to a knowledge-based economy from an oil-based one. We see enhancing our country's health care services as a key component of this change and are proud to work with Cerner and Zamil Group to play an emerging role in how that care is delivered to the Saudi community," said His Excellency Dr. Abdullah Al Othman, president of King Saud University and chairman of the board of RVC. "Through this public-private sector partnership, our university company has the opportunity to positively impact the quality of life for all Saudis."

Riyadh Valley HIS Company's HIS offering will run on the Cerner Millennium(R) software architecture, the health care industry's most comprehensive, unified, contemporary information architecture. Hospitals in the Kingdom adopting this system will recognize benefits, including:

    > Improved access to patient information: The creation of an integrated electronic        health record for each patient provides real-time access to vital health information,        including updated lab results and radiology imagery.
    > Increased quality of patient care: Electronic order entry eliminates errors caused by        illegible handwriting or improper transcription, while evidence-based alerts notify the        physician of potential complications related to medication interactions or other        situations.
    > Enhanced operational efficiency: On-time reporting enables hospitals to have greater        control over their operations while increasing efficiency and reducing costs.

"This joint venture aligns Cerner with two well-established organizations that have proven track records of successful operations in Saudi Arabia," said Greg White, vice president and managing director, Cerner Middle East and Africa. "Together, the three companies will work to provide a new delivery model for health care technology in this country."

"We share with RVC and Cerner a commitment to contributing to the well-being of our communities and see this project as critical to the long-term success of health care in our country," said Dr. Abdulrahman Al Zamil, chairman of Zamil Group. "This partnership to provide HIS is the first of its kind in Saudi Arabia and offers hospitals the opportunity to transform their HIS cost centers into profit centers. My vision is to see Riyadh Valley HIS Company to become a major source of HIS technology provider in the Kingdom and the region."