{"id":18185,"date":"2021-12-20T09:28:36","date_gmt":"2021-12-20T17:28:36","guid":{"rendered":"https:\/\/marketdepth.com\/?p=18185"},"modified":"2021-12-20T09:38:39","modified_gmt":"2021-12-20T17:38:39","slug":"oracle-to-acquire-cerner-for-usd-95-per-share","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/oracle-to-acquire-cerner-for-usd-95-per-share\/","title":{"rendered":"Oracle to Acquire Cerner for USD 95 Per Share"},"content":{"rendered":"\n

Oracle Corporation (NYSE: ORCL) and Cerner Corporation reported<\/a> an agreement where Oracle acquire Cerner through an all cash offer for USD 95 per share or USD 28.3 Billion in equity value.\u00a0 \u201cWorking together, Cerner and Oracle have the capacity to transform healthcare delivery by providing medical professionals with better information\u2014enabling them to make better treatment decisions resulting in better patient outcomes,\u201d said Larry Ellison, Chairman and Chief Technology Officer, Oracle. \u201cWith this acquisition, Oracle\u2019s 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\u00a0hands-free\u00a0voice interface to secure cloud applications. This new generation of medical information systems promises to lower the administrative workload burdening our medical professionals, improve patient privacy and outcomes, and lower overall healthcare costs.\u201d<\/p>\n\n\n\n

\u201cWe expect this acquisition to be immediately accretive to Oracle\u2019s earnings on a non-GAAP basis in the first full fiscal year after closing\u2014and contribute substantially more to earnings in the second fiscal year and thereafter. Healthcare is the largest and most important vertical market in the world\u2014$3.8 trillion last year in the United States alone. Oracle\u2019s revenue growth rate has already been increasing this year\u2014Cerner 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\u2019s exactly the growth strategy we adopted when we bought NetSuite\u2014except the Cerner revenue opportunity is even larger.\u201d<\/p>Safra Catz, Chief Executive Officer, Oracle<\/cite><\/blockquote>\n\n\n\n

\u201cCerner has been a leader in helping digitize medical care and now it\u2019s time to realize the real promise of that work with the care delivery tools that get information to the right caregivers at the right time,\u201d said David Feinberg, President and Chief Executive Officer, Cerner. \u201cJoining 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. We are also very excited that Oracle is committed to maintaining and growing our community presence, including in the Kansas City area.\u201d<\/p>\n\n\n\n

\u201cOracle\u2019s Autonomous Database, low-code development tools, and Voice Digital Assistant user interface enables us to rapidly modernize Cerner\u2019s systems and move them to our Gen2 Cloud. This can be done very quickly because Cerner\u2019s largest business and most important clinical system already runs on the Oracle Database. No change required there. What will change is the user interface. We will make Cerner\u2019s systems much easier to learn and use by making Oracle\u2019s\u00a0hands-free\u00a0Voice Digital Assistant the primary interface to Cerner\u2019s clinical systems. This will allow medical professionals to spend less time typing on computer keyboards and more time caring for patients.\u201d<\/p>Mike Sicilia, Executive Vice President, Vertical Industries, Oracle<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"Oracle Corporation (NYSE: ORCL) and Cerner Corporation reported an agreement where Oracle acquire Cerner through an all cash offer for USD 95 per share or USD 28.3 Billion in equity value.\u00a0 \u201cWorking together, Cerner and Oracle have the capacity to transform healthcare delivery by providing medical professionals with better information\u2014enabling them to make better treatment… View Article<\/a>","protected":false},"author":3,"featured_media":18071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,11,7,16],"tags":[],"acf":[],"yoast_head":"\nOracle to Acquire Cerner for USD 95 Per Share - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/oracle-to-acquire-cerner-for-usd-95-per-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oracle to Acquire Cerner for USD 95 Per Share - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Oracle Corporation (NYSE: ORCL) and Cerner Corporation reported an agreement where Oracle acquire Cerner through an all cash offer for USD 95 per share or USD 28.3 Billion in equity value.\u00a0 \u201cWorking together, Cerner and Oracle have the capacity to transform healthcare delivery by providing medical professionals with better information\u2014enabling them to make better treatment... 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