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Dec 18, 2021
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Cerner (CERN, $89.77) shares climb, on reports of possible $30 bn. takeover by Oracle

Cerner (CERN, $89.77) shares climb, on reports of possible $30 bn. takeover by Oracle

Cerner Corp.  shares surged Friday , following a  Wall Street Journal report that suggested that that Oracle  is planning to acquire the electronic medical records company in a $30 billion deal.

If the deal goes through, it would be one of the biggest M&A deals of the year. It would also mark the largest acquisition for Oracle – the deal size is reportedly more than 3 times the size of its $10 billion purchase of PeopleSoft in 2005.  

According to SVB Leerrink, Cerner has a 25% share of the medical records market.

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published General Information

General Information

a provider of healthcare information technology solutions, healthcare devices and related services

Industry PackagedSoftware

Industry
Information Technology Services
Address
2800 Rock creek Parkway
Phone
+1 816 221-1024
Employees
25150
Web
https://www.cerner.com
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Cerner (CERN, $89.77) shares climb, on reports of possible $30 bn. takeover by Oracle