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.