Sina Technology News Beijing time on June 2 morning news, according to reports, Oracle announced that the company’s $28.3 billion acquisition of digital medical records provider Cerner has received approval from all relevant regulatory agencies, as it further expands the healthcare sector. Expansion paves the way.
“By providing healthcare professionals with a next-generation healthcare information system, Cerner and Oracle have the power to transform the way healthcare is delivered,” Oracle Chairman and CTO Larry Ellison said in Wednesday’s statement.
Oracle expects to close the deal on June 6. Ellison plans to discuss the acquisition, along with Oracle’s cloud computing health service, on June 9.
The acquisition was announced last December. Oracle CEO Safra Catz said the deal would be a “significant boost” to Oracle’s earnings in fiscal 2023 and would be a “growth engine for years to come.”
Oracle is the second-highest-grossing software company in the United States and is known for its traditional database products.The company has struggled in recent years as it expands into the cloud computing market, falling behind market leaders such as Amazon and Microsoft. The acquisition of Cerner could give Oracle an important foothold in the healthcare technology market.
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