Healthcare Technology Report May 24, 2024

Oracle’s $28 billion acquisition of electronic medical records company Cerner in December 2021 has encountered obstacles, as reported by Bloomberg. Since the acquisition, Oracle has experienced a loss of major clients, shifting its focus from innovative product development to upgrading legacy systems. Engineers have been surprised by the complexity of implementing changes and migrating customers to the cloud, resulting in minimal improvement in the software for existing clients. Despite Oracle’s initial ambition to revolutionize the healthcare technology industry and attract massive health-industry customers, financial documents reveal expectations of declining sales in the...

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Topics: EMR / EHR, Health IT, Health System / Hospital, Mergers & Acquisitions / JV, Provider, Technology, Trends
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