One of the biggest acquisitions of the year has been confirmed. Oracle buys Cerner for 28.3 billion dollars (25.1 billion euros). With the acquisition, Oracle gains a developer of healthcare technology.
Rumors of negotiations between Oracle and Cerner have been circulating since late last week. Today Oracle is officially sounding. Oracle acquires Cerner. This makes it a frontrunner in healthcare hardware and software.
Oracle and Cerner
According to Oracle, the acquisition provides a foundation to further reduce the time spent on paperwork among medical professionals. Cerner is known for technology for the automation and digitization of electronic health records. Oracle, in turn, builds software applications and cloud infrastructures. This infrastructure will become the foundation of Cerner’s continued development.
Currently, Cerner’s solutions are already offered via Oracle’s cloud. The acquisition promises to strengthen existing integrations and fuel new integrations.
Cerner continues as a business unit within Oracle. Oracle is expected to continue to present Cerner’s solutions under the Cerner banner. After all, Cerner’s reputation is part of the asset.
Although both organizations confirm the acquisition with official statements, in legal terms we speak of the intention to make an offer. Oracle is subject to approval from the US Securities and Exchange Commission, a government agency that monitors market forces. The moment when the takeover will be realized is unknown.