Developer of enterprise software Oracle buys electronic medical records company Cerner. The deal was concluded at a price of $ 95 per share, which makes approximately 28.3 billion dollars.
The acquisition, which is expected to be completed in the calendar year 2022, could help Oracle strengthen its healthcare presence by providing more healthcare through its cloud systems. CNBC.
The software giant has so far targeted the healthcare sector, maintaining a number of valuable partnerships, but the new addition strengthens Oracle’s position in this increasingly expensive industry.
The new purchase comes amid a jump in global mergers and acquisitions. M&A deals topped $ 5 trillion for the first time in 2021, with technology and healthcare at the helm, according to a Reuters report.
Cerner is expected to become “a huge additional engine for revenue growth for years to come,” Oracle said in a statement.