Oracle may acquire Cerner, asserts WSJ

Health and Wellness Informatics News

The two firms are “in talks” for a contract that is worth as much as $30 billion, as per the report.

The Wall Street Journal is noting that Oracle possibly has an interest in obtaining health IT giant Cerner Corp. And the two firms are dealing with a potential $30 billion contract. The document contends that individuals familiar with the issue say the firms will finalize the contract soon. They are speculating that the discussions don’t drag out or fall apart.

A spokesperson of Cerner did not react to a proposal for a statement. While Oracle retains a healthcare existence, an accession of this volume would show a significant involvement. It would show the investment in the prospect of healthcare technology, particularly artificial intelligence and cloud computing. WSJ reports that $30 billion is the firm’s biggest accession. It is triple the volume of its next-biggest contract.

Oracle is creating a big force to generate its cloud computing capability. And a Cerner accession is another step in that way. Investors have heated to Oracle as the firm ramps up its concentration on gaining cloud-computing industry. If the accession were to happen, it is possibly the second new instance of a legacy tech giant.

The tech giant is investing hugely in a healthcare-focused performer with AI and deep cloud mastery. Microsoft acquired Nuance for $20 billion in April, after having completed operations jointly for years. Epic Systems, the chief competitor of Cerner that has always been privately held. And, of course, has displayed every intent of remaining that way.

The largest, of course, was the appearance of Dr. David Feinberg, who most recently directed Google Health. It is because of the firm’s new chief executive officer. Feinberg said as far as M&A versus organic versus, he is still getting up to boost. One of the regulations he has is to truly know more about the firm.

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