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Oracle Buys KC Medical Information Giant Cerner

Oracle Corporation and Cerner Corporation today have 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.

Cerner is a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities.

The transaction is expected to close in 2022 once they have received regulatory approvals and satisfying other closing conditions including Cerner stockholders tendering a majority of Cerner’s outstanding shares in the tender offer.

Oracle provides industry solutions that run the core operations for customers in Financial Services, Telecom, Utilities, Pharmaceuticals, Hospitality, Retail, Food & Beverage, Construction & Engineering, Manufacturing and Government. Oracle also brings best in class cloud infrastructure to drive digital modernization, substantially lowering the total cost of IT in these critical industry sectors.

Cerner is a leader in the healthcare IT industry and is considered a complementary business to Oracle, as a leading provider of digital information systems used within hospitals to enable medical professionals to deliver better healthcare to individual patients and communities.

 



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