Faulkner, who is known for her devotion to the business she launched in 1979 – didn’t have to think twice. “She just said, ‘No, no interest,’” Immelt said, according to an Xconomy article. “It was a five-minute meeting – perhaps the shortest in history.”
Faulkner likes to point out that Epic software is developed in-house. There have been no acquisitions of other companies. She claims that 50 percent of the privately-held company’s operating expenses are invested in research and development, and 190 million patients have a current electronic record in Epic.
Immelt also said he considered a deal to acquire EHR giant Cerner. He dropped that effort, though, because the 2 billion price tag under discussion was too expensive.
Immelt did not reveal when he had been in talks with Cerner but Cerner’s market valuation today is $23.38 billion.