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Cerner To Be Acquired By Oracle? Healthcare Technology Buyout Rumors Resurface

Cerner To Be Acquired By Oracle? Healthcare Technology Buyout Rumors Resurface


Oracle could obtain healthcare technologies business Cerner for about $30 billion, The Wall Avenue Journal described.

Cerner develops hardware, program and IT techniques for the scientific, money and functions locations of hospitals and health care techniques. The organization, centered in North Kansas City, Missouri, employs roughly 26,000 people, and income was $5.5 billion in 2020.

Critical Cerner partners include things like international IT consulting corporations such as Accenture, Deloitte and PriceWaterhouseCoopers, among the others.

Cerner Companions, Industry Value, Executive Leadership

Cerner experienced a market price of roughly $23 billion just before the Oracle M&A rumors surfaced on December 16, 2021. Cerner’s rivals consist of Epic Systems and Athenahealth, The Journal noted.

Rumors about a Cerner buyout swirled in early 2021, but quieted down when Cerner employed David Feinberg as CEO in Oct 2021. Feinberg formerly was VP if Google Health and fitness for almost a few years. Before he led Geisinger and UCLA Health and fitness.

An Oracle deal for Cerner would stick to Microsoft’s buyout of Nuance Communications for $16 billion in April 2021.

Technology Sector M&A: Earlier Bargains

Both equally Oracle and Cerner have in depth M&A expertise. Oracle’s biggest past acquisitions included HR software package maker PeopleSoft ($10.3 billion in 2005), and cloud ERP (organization source setting up) firm NetSuite ($9.3 billion in 2016), which had captivated early investment decision dollars from Oracle founder Larry Ellison.

Cerner, in the meantime, in 2019 acquired AbleVets — a strategic IT consulting and engineering organization specializing in cyber, cloud and method improvement solutions for federal and business businesses.

 

 



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