Oracle has snapped up the digital medical records business Cerner for $28.3 billion an all-cash tender offer for $95 per share and the transaction is expected to close in 2022.
For those who came in late, 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. Oracle said the company has more than 40 years of experience in modernising electronic health records, improving caregiver experience, and streamlining and automating clinical and administrative workflows.
