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Oracle confirms $28bn Cerner deal

December 20, 2021

Via: TechRadar

Oracle has confirmed a $28.3bn deal to buy healthcare tech firm Cerner.

Following initial reports suggesting an acquisition was imminent, both companies have now confirmed the news, which at $95 a share is Oracle’s biggest ever deal.

Cerner, which specializes in digitalizing medical records, was founded in 1979 and headquartered in Kansas City, Missouri. The company currently has 26,400 employees and annual revenue of $5.5 billion, according to data from Datanyze.

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