PYMNTS.com May 9, 2024
Oracle has reportedly encountered obstacles in its ambitious plans for electronic medical records company Cerner, which it acquired for $28 billion in December 2021.
The company has lost several major clients since the acquisition, its focus has shifted from innovative product ideas to upgrading legacy systems, and its engineers have been taken aback by the effort required to implement changes and migrate customers to the cloud, Bloomberg reported Thursday (May 9), citing interviews with current and former employees and customers.
Oracle did not immediately reply to PYMNTS’ request for comment.
The acquisition was expected to revolutionize the health care technology industry, with Oracle aiming to modernize outdated systems and create a major growth engine for the company’s earnings, according to...
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