Search
Search titles only
By:
Search titles only
By:
Menu
Forums
New posts
Search forums
Home
What's new
New posts
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Home
Computers & Internet
Mobile Computing
Oracle snags Cerner in $28B mega deal to make a big move into healthcare
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="Ron Miller, post: 5171"] Who says the holiday week is a slow news week? Oracle was kind enough to help tech journalists weary from working on year-end stories with some big news today when the database giant announced it was buying electronic healthcare records company Cerner in a deal valued at $28.3 billion. “Oracle Corporation and Cerner Corporation today jointly announced an agreement for Oracle to acquire Cerner through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value,” the company said in [URL='https://www.prnewswire.com/news-releases/oracle-buys-cerner-301448252.html']a press release[/URL] announcing the deal. With this deal, Oracle moves in a big way into the healthcare vertical, a growing market, and one which should help bolster Oracle’s fledgling cloud infrastructure business, which is languishing in the single digits, according to Synergy Research. Holger Mueller, an analyst at Constellation Research, says it’s the biggest deal in Oracle history, a company that has a long history of being acquisitive. “It’s a smart move by Oracle. It cements Oracle technology even deeper into Healthcare, and brings a lot of current and especially future work load to Oracle Cloud. Not to mention that Oracle is buying into the largest and fastest growing vertical industry,” Mueller told me. “Cerner will be a huge additional revenue growth engine for years to come as we expand its business into many more countries throughout the world. That’s exactly the growth strategy we adopted when we bought NetSuite—except the Cerner revenue opportunity is even larger,” Catz said in a statement. It’s worth noting, however, that as Catz talks of international expansion, Microsoft made a similar play into healthcare earlier this year when it announced it was acquiring Nuance Communications in [URL='https://techcrunch.com/2021/04/12/microsoft-is-acquiring-nuance-communications-for-19-7b/']a deal valued at $19.7 billion[/URL]. Today that deal is facing headwinds [URL='https://techcrunch.com/2021/12/13/cma-microsoft-nuance/']from regulators in the U.K[/URL]. It will be interesting to see if this deal runs into similar regulatory scrutiny as it advances next year. As for Cerner, David Feinberg, president and CEO, who[URL='https://www.healthcareitnews.com/news/cerner-names-dr-david-feinberg-president-and-ceo'] just took over in the role[/URL] in October, saw an opportunity for shareholders and he grabbed it. Of course, he frames the deal in the way most CEOs do, as a way to expand its markets in a way that wouldn’t be possible as a stand-alone company. “Joining Oracle as a dedicated Industry Business Unit provides an unprecedented opportunity to accelerate our work modernizing electronic health records (EHR), improving the caregiver experience, and enabling more connected, high-quality and efficient patient care,” Feinberg said in a statement. [I]This is a breaking story. More to come.[/I] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Computers & Internet
Mobile Computing
Oracle snags Cerner in $28B mega deal to make a big move into healthcare
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…