Oracle Corp. (NYSE: ORCL) has acquired Cerner Corp. through an all-cash tender offer for $95.00 per share or $28.3 billion in equity value.
Cerner is a provider of digital information services used in hospitals and health systems to enable improved healthcare services. The firm brings four decades of experience in modernizing electronic health records, improving caregiver experiences and streamlining workflows.
Going forward, Cerner will be Oracle’s anchor asset to expand into the healthcare sector. The firms will use Oracle’s modern technologies like cloud, AI and ML to efficiently provide healthcare services.
“Working together, Cerner and Oracle have the capacity to transform healthcare delivery by providing medical professionals with better information—enabling them to make better treatment decisions resulting in better patient outcomes,” said Larry Ellison, chairman and chief technology officer, Oracle. “With this acquisition, Oracle’s corporate mission expands to assume the responsibility to provide our overworked medical professionals with a new generation of easier-to-use digital tools that enable access to information via a hands-free voice interface to secure cloud applications.”