Oracle in Its Biggest Acquisition Ever

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  • Enterprise software giant Oracle will buy electronic medical records company Cerner in an all-cash deal for $95 per share, or approximately $28.3 billion in equity value.
  • The massive acquisition is the biggest ever for Oracle.
  • Oracle shares were down after the companies announced the deal.

Enterprise software giant Oracle will buy electronic medical records company Cerner in an all-cash deal for $95 per share, or approximately $28.3 billion in equity value.

The deal, expected to close in calendar year 2022, could help Oracle boost its presence in health care by bringing troves of health data to its cloud services.

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www.cnbc.com/2021/12/20/oracle-to-buy-medical-records-company-cerner.html

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