NEWS22 December 2021

Oracle buys out Cerner

Healthcare M&A News North America

US – Oracle Corporation has acquired health information technology services supplier Cerner for approximately $28.3bn in equity value. 

red and white tablets spilled out of brown medicine bottle

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

Industries covered by Oracle include financial services, telecom, utilities, pharmaceuticals, hospitality, retail, food and beverage, construction and engineering, manufacturing and government.

Together, Oracle and Cerner aim to cut back on the amount of time medical staff spend doing admin work, particularly compiling electronic health records, so they can increase face-to-face contact with patients.

The acquisition also presents the opportunity to help customers use Oracle’s modern technologies such as cloud, artificial intelligence, machine learning and other innovations, to make care more accessible, secure and effective for both patients and caregivers.

“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 at 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. 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.”