Oracle To Buy Cerner For $28.3 Billion

Oracle Corporation and Cerner Corporation jointly announced an agreement for Oracle to acquire Cerner through an all-cash tender offer valued at $28.3 billion. Cerner provides digital information systems, including electronic health records (EHRs), used within hospitals and health systems. After the acquisition closes, Cerner will become a dedicated industry business unit of Oracle. The transaction is expected to close during calendar year 2022.

Oracle and Cerner intend to work together to transform health care delivery by providing medical professionals with better information to enable them to make better treatment decisions resulting in better consumer outcomes. Oracle also intends . . .