According to foreign media, Oracle will buy electronic medical records company Cerner in an all-cash deal for $95 per share, or approximately $28.3 billion in equity value.

    The massive acquisition is the biggest ever for Oracle, one of the largest software providers. And the deal is expected to close in 2022, could help Oracle boost its presence in health care by bringing troves of health data to its cloud services.

    Oracle said the acquisition will be immediately accretive to the company’s earnings on a non-GAAP basis in the first full fiscal year after closing. It expects Cerner to be “a huge additional revenue growth engine for years to come,” it added.

    About Oracle   

    Oracle Corporation (English abbreviation: Oracle) is the world's largest enterprise-level software company, headquartered in Redwood Beach, California, USA. It officially entered the Chinese market in 1989. In 2013, Oracle has surpassed IBM to become the world's second largest software company after Microsoft.

    On the first ranking of “Daguan· Keweiwei World Brand Value Top 900”, Oracle ranks 36th with brand value 598.595 billion RMB.

Author:   Nan

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