Oracle Quietly Closes $28B Deal To Buy Electronic Health Records Company Cerner

Oracle CEO Larry Ellison on stage at Oracle Open world

TechCrunch reported on June 7:

At the end of last year, just before Christmas, Oracle made a big move when it announced it was acquiring electronic health records company Cerner for $28 billion, thrusting it quickly into the top enterprise deal for 2021, just under the wire.

Today, the company announced it has closed the deal, effective tomorrow.

The announcement was anticlimactic in a way, full of corporate financial speak: “Oracle Corporation (NYSE: ORCL) announced that a majority of the outstanding shares (the “Shares”) of Cerner Corporation (Nasdaq: CERN) were validly tendered, and the other conditions to the tender offer have been satisfied or waived. The deal will close on June 8, 2022,” the company wrote in statement.

 

 

Source: https://techcrunch.com/2022/06/07/oracle-quietly-closes-28b-deal-to-buy-electronic-health-records-company-cerner/

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