MarketWatch December 20, 2021
Software giants are looking to buy their way into the healthcare business, which has been slow to jump into cloud computing and software
Oracle Corp. on Monday confirmed plans to acquire Cerner Corp. for nearly $30 billion, pushing into the healthcare space a few months after another software giant, Microsoft Corp., made a similar acquisition, leaving analysts to wonder what other software companies will look to buy their way into hospitals.
Oracle ORCL, -5.15% agreed to pay $95 a share in cash for Cerner CERN, +0.80%, for an equity value of $28.3 billion, the richest deal in the software company’s long lineage of software purchases. Cerner sells software that helps doctors access and analyze medical records, producing revenue of $5.5...
Today's Sponsors
Today's Sponsor