HomeHealthcareArtificial intelligenceOracle Acquires Cerner in a Historical $28.3 Billion Deal

Oracle Acquires Cerner in a Historical $28.3 Billion Deal

It’s not a secret that you can tell a lot about someone through their habits. Now, these habits, as personal as they seem to us, are always subjected to change, which means the window for us to get better remains open under all circumstances. Such a system, unsurprisingly, does everything in terms of facilitating our progression rather productively. While the concept is fairly abstract, it does, however, need practical representations to drive the point home. Hence, in our pursuit of becoming improved, we have tried reinventing our habits using various different supplementary elements, but none really worked like technology did. In fact, technology didn’t even stay in the said supplementary role for long. Using some generational capabilities, the creation quickly sold itself to the masses. One area that bought into it big time was our medical sector. Technology has benefitted the medical sector through various channels. However, if are to pick the most subtle way in which it raised the sector’s floor, we’ll have to bring up the changes around health records. Gone are the days when preparing manual health records was the only viable option to keep track of a patient’s condition, and one company that led this transformation was Cerner. Cerner has already made some huge strides within its area of concern, but the company’s skill-set is now set to be used on a far wider scale.

Oracle has officially completed the acquisition of Cerner in a whopping $28.3 billion all-cash deal. It’s the biggest acquisition in Oracle’s history. Even though the deal is touted to be structured mainly within the context of healthcare records, there is something more significant in play here. Cerner will also bring in-depth cloud-based data analytics and AI technologies to the table, thus helping Oracle in giving entities like Amazon Web Services, Google, IBM, and many more a run for their money. On the other hand, by linking-up with Oracle’s prowess in what it does, Cerner’s technology can expect to reach the level of a proper global phenomenon.

“Oracle’s Autonomous Database, low-code development tools, and Voice Digital Assistant user interface [enable] us to rapidly modernize Cerner’s systems and move them to our Gen2 Cloud,” said Mike Sicilia, executive VP of vertical industries at Oracle.

As of late, Oracle has been actively trying to expand its footprint in the healthcare sphere. During a recent quarter fiscal earnings’ call, the company even went on to deem the medical sector as one of the top strategic priorities, with the ambition for future laid well by winning two new clients in Mayo Clinic and Syneos Health.


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