Oracle Quietly Closes $28B Deal To Buy Electronic Health Records Company Cerner

Oracle Quietly Closes $28B Deal To Buy Electronic Health Records Company Cerner
TechCrunch reported on June 7: At the end of last year, just before Christmas, Oracle made a big move when it announced it was acquiring electronic health records company Cerner for $28 billion, thrusting it quickly into the top enterprise deal for 2021, just under the wire. Today, the company announced it has closed the deal, effective tomorrow. The announcement was anticlimactic in a way, full of corporate financial speak: “Oracle Corporation (NYSE: ORCL) announced that a majority of the outstanding shares (the “Shares”) of Cerner Corporation (Nasdaq: CERN) were validly tendered, and the other conditions to the tender offer have been satisfied or waived.… Read the rest