Oracle is said to be close to finalizing an acquisition deal for Cerner, an American specialist in the digitization of medical data and healthcare.
$30 billion, that’s how much IT company Oracle would have left to acquire Cerner. At least that’s what The Wall Street Journal reports, citing sources close to the file. Cerner’s stock shot up 22 percent immediately after the rumours.
Cerner is best known for software and services related to digital medical records. The company is currently mainly focusing on the sale and support of traditional software but is trying to make the switch to innovative cloud services. Precisely a market in which Oracle is also trying to penetrate further.
Larry Ellison could, therefore, immediately catapult Oracle into one of the fastest-growing segments of the IT industry through the acquisition. If the deal goes through, it will immediately become the largest ever for Oracle.
A year ago, a completely different takeover was on the table that raised a lot of eyebrows. Oracle then wanted to take over the Chinese social media app TikTok. Ultimately, that deal was blocked by the US government. So we’ll have to wait and see if it’s a price for Oracle this time with a much more obvious takeover deal.