Saturday, June 25

Oracle buys Cerner for 25,184 million, the largest acquisition in its history

Oracle will pay $ 95 in cash for each Cerner share and expects to close the purchase in the course of 2022, once the relevant regulatory approvals are received and other closing conditions are satisfied.

Following the closing of the transaction, Cerner will become an Oracle business unit and will be the company’s main asset for its expansion into the healthcare business.

“Working together, Cerner and Oracle have the ability to transform healthcare delivery by providing medical professionals with better information, enabling them to make better treatment decisions that result in better patient outcomes, “said Larry Ellison, Oracle president and chief technology officer.

“We hope that this acquisition immediately increase Oracle earnings in the first fiscal year complete after closing, and contribute substantially more to earnings in the second fiscal year and beyond, “said Safra Catz, CEO.

“Joining Oracle as a dedicated industry business unit provides an unprecedented opportunity to accelerate our work by modernizing electronic medical records (EHRs), enhancing the caregiver experience, and enabling more connected, high-quality, and efficient patient care. “said David Feinberg, president and CEO of Cerner.

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