December 17, 2021 – Oracle Corp. (Austin, TX) is in talks to buy electronic-medical-records company Cerner Corp. (Kansas City, MO), people familiar with the matter told the Wall Street Journal. The deal that could be worth around $30 billion and push the enterprise-software giant further into healthcare.
Cerner, which has a market value of around $23 billion, designs software that hospitals and doctors use to store and analyze medical records and other healthcare data. With a typical takeover premium, a deal would be expected to value the company at something like $30 billion, though exact terms being discussed couldn’t be learned.
Oracle already has a significant presence in healthcare, offering technology meant to help health insurers, healthcare providers and public health systems parse data to increase efficiency and improve patient outcomes.
An agreement could be finalized soon, some of the people said, assuming the talks don’t fall apart or drag out.
David Feinberg, who assumed the role of CEO for Cerner in October, came from rival Google, where he had led the Alphabet Inc. unit’s push into healthcare and helped strike partnerships with some of the country’s largest hospital systems to collect and analyze their data.