Enterprise software maker Oracle is in talks to acquire Cerner, an electronic health records company. The potential deal is estimated at $ 30 billion. This was reported by the Wall Street Journal, citing people familiar with the issue.
The deal could provide Oracle with a wealth of patient health data it needs to educate and improve its AI-powered cloud services, which will boost its presence in the healthcare sector.
If the deal goes through, it will be the largest for Oracle and one of the largest acquisitions in 2021. The market value of Oracle exceeds $ 280 billion.
Cerner is the second largest seller of electronic health record software in the United States after Epic Systems. In 2019, he named Amazon Web Services as his preferred cloud provider and stated that the two companies are collaborating on artificial intelligence services for healthcare companies.