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Cerner to buy back additional $500M of company shares

Cerner Corp. said it will buy back an additional $500 million of its common stock.

The North Kansas City, Mo.-based company said the new authorization will expand its $500 million repurchase program approved in 2017 to $1 billion.

The healthcare technology company said as of May 18, it could still repurchase $639 million worth of stock under the amended program.