“Working together, Cerner and Oracle have the capability to transform healthcare delivery by providing medical professionals with a new generation of healthcare information systems,” said Larry Ellison, Chairman and Chief Technology Officer, Orac...
Today, Oracle Corporation (NYSE: ORCL) announced that all required antitrust approvals have been obtained for its proposed acquisition of Cerner, including European Commission clearance. Cerner is a leading provider of digital information systems used within hospitals and health systems to enable medical...
Oracle has spent a significant amount of money on its acquisitions but its most expensive as of 2025 is its purchase of Cerner for $28.3 billion in 2022. Before that, Oracle’s most expensive acquisition had been PeopleSoft for $10.3 billion in 2005.34 Due to the numerous products, services,...
In June 2022, Oracle closed a deal to acquire healthcare software maker Cerner for $28.3 billion. According to Oracle CEO Safra Catz, the purchase of Cerner and the high growth rate of the cloud business will help the IT corporation increase revenue in the coming quarters. On the day of...
Oracle has a long history of expanding into new markets by making strategic acquisitions – Siebel Systems, PeopleSoft, Hyperion, NetSuite, and Sun Microsystems come to mind. The latest move by Oracle, anagreement to purchase Cerner Corporationis one for the record books – literally. ...
“After itspurchase of Cerner, Oracle Health committed to putting significant additional IT engineers and other relevant personnel and financial resources on this project to get it back on track,” they added. “After years of veterans not receiving the care they deserve and VA staff not getting...
to returning value to our shareholders through technical innovation, strategic acquisitions, stock repurchases and prudent use of debt and the dividend. This quarter, we repurchased seven million shares for a total of 600 million as we reduced the buybacks in advance of the purchase of Cerner. ...
Oracle co-founder Larry Ellison was subpoenaed by Twitter as the company attempts to force Elon Musk to follow through with his $44 billion purchase. August 5, 2022 Oracle lays off hundreds of employees Oracle becomes the latest tech company to announce layoffs in a market where job growth va...
The purchase provides another foothold into the healthcare industry for Oracle and offers a particular boost to its cloud offering and enterprise applications, such asOracle Enterprise Resource Planning (ERP), said Ray Wang, analyst at Constellation Research. ...
Engineeringprovides tier 4 support that resolves the most complex issues requiring code changes. When we reduce friction associated with billing and paying for services, it allows us to focus on what’s most important—supporting the health of our community and delivering the best possible care to...