Oracle ‘to acquire Cerner’ in £ 22.6 billion deal

Oracle is reportedly set to acquire global electronic health records (EHR) provider Cerner in a deal valued at around £ 22.6 billion ($ 30 billion).

According to the wall street journal, the deal could be “finalized soon” as long as the talks don’t collapse or “drag on”. The publication adds that if the deal goes through, it would be the biggest yet for Oracle, which is currently worth nearly £ 211 billion ($ 280 billion).

A report from Friday in the Financial Time (pay wall) said a deal would help cement Oracle in the growing healthcare IT industry. Cerner is one of the largest suppliers of electronic hospital medical systems to the US healthcare market and a major supplier to the NHS.

Based in Texas, United States of America, Oracle defines itself as a “cloud technology company” and provides cloud application and platform services.

If Oracle acquires Cerner, it would mark another significant breakthrough in the healthcare industry by leading technology companies.

Microsoft confirmed in April 2021 that it was purchasing AI natural language computer software company Nuance Communications.

Microsoft said the acquisition was valued at £ 14.3 billion ($ 19.7 billion).

Source link

Previous Woden Library opens a new chapter
Next Hour of Code introduces students in Bath and Woolwich to computers