Computer software company Oracle has acquired Cerner, a provider of digital information systems used within hospitals and health systems.
Enterprise software giant Oracle will buy electronic medical records company Cerner in an all-cash deal for $95 per share, or approximately $28.3 billion in equity value.
The deal, expected to close in calendar year 2022, could help Oracle boost its presence in health care by bringing troves of health data to its cloud services.
Oracle shares closed down 5% Monday after the companies announced the deal. Shares initially fell 6% on Friday after The Wall Street Journal first reported Oracle would buy Cerner.
Read the full article at CNBC.