Neal Patterson’s profile picture

Neal Patterson

Chairman, CEO and President, Cerner
Neal Patterson’s profile picture
Net worth 2018: $1.5 Billion
Industry: Technology
Country: United States
BirthDay: 10 December 1949
Sigh: Capricorn
Died On: 09/07/2017
Children: 4
Education: Bachelor of Arts / Science, Oklahoma State University; Master of Business Administration, Oklahoma State University
BIOGRAPHY

Neal Patterson was bornon 10 December 1949 in United States, is Chairman, CEO and President, Cerner. Neal Patterson, the founder and chairman of Cerner Corporation, died on July 9, due to unexpected complications after a recent recurrence of a previously disclosed soft tissue cancer, initially described as "treatable and curable. " Patterson built his fortune selling IT and electronic health record systems through Cerner. The son of tenant farmers, Patterson co-founded the Kansas City-based company in 1979 with colleagues from Arthur Andersen's consulting business. Cerner flourished thanks to the 2009 Health Information Technology for Economic & Clinical Health (HITECH) law that forced U.S. hospital records to go digital. Patterson also co-owned the National Golf Club of Kansas City and the Major League Soccer club Sporting Kansas City.

NET WORTH STATISTIC
2012

$1.12 Billion

2013

$1.5 Billion

2014

$1.55 Billion

2015

$1.9 Billion

2016

$1.5 Billion

2017

$1.5 Billion

2018

$1.5 Billion

TIMELINE
Neal L. Patterson (December 10, 1949 – July 9, 2017) was an American businessman, best known as being the CEO of Cerner Corporation, a Kansas City-based medical software corporation. He was also a principal owner of the Sporting Kansas City soccer team.Patterson grew up on the family farm in South Central Kansas near Manchester, Oklahoma and received his bachelors and Masters from Oklahoma State University in 1971 and 1972. Following a stint with Arthur Andersen, he and Arthur Andersen colleagues Cliff Illig and Paul Gorup founded Cerner in 1979.Patterson served in the Army National Guard during Vietnam, though only served on active duty during basic training.Patterson was featured in a USA Today article, Scandals lead execs to 'Atlas Shrugged', as a member of a group of CEOs who have a working knowledge of Ayn Rand's Atlas Shrugged. He became a member of the Pi Kappa Alpha fraternity at Oklahoma State University.Patterson is infamous for an e-mail flaming managers for not coming to work before 8 am and leaving before 5 pm, now a prominent example used when discussing e-mail netiquette. On the day that the email was posted to Yahoo!, the company's market cap fell by over 22% from a high of $1.5 billion USD.In April 2010, Forbes magazine named Patterson fourth on their annual list of "America's Best-Performing Bosses" based on a formula for calculating which executives delivered the best shareholder value relative to their total compensation. Factors included stock performance relative to industry peers over the past six years, annualized stock performance during the leader's total tenure and performance relative to the S&P 500 over that time, and total compensation over the past six years.On August 31, 2006, Patterson and five other individuals purchased Sporting Kansas City (then known as the Kansas City Wizards), a Major League Soccer team, from Lamar Hunt. The other members of the ownership group at the time of purchase were Cliff Illig, Rock Island Capital’s Robb Heineman, Greg Maday, David French, and Pat Curran, founder of C3 Holdings. The group stated its intention to keep Sporting Kansas City in the Kansas City area.Patterson died on July 9, 2017 from complications from soft-tissue cancer, which was diagnosed in January 2016 and he was previously treated for.
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