Someone can see a promising relationship in its magic globe — Business software maker Oracle Corp (ORCL) is ready to buy Cerner Corp (CERN) in its biggest-ever deal worth $30b.
Oracle Corporation is an American multinational computer technology corporation headquartered in Austin, Texas. In 2020, it was also the second-largest software company in the world by revenue. In parallel, Cerner Corporation is an American supplier of health information technology services, devices, and hardware.
These friends with benefits will offer each other a modernized patient record system by using the data from Cerner to improve Oracle’s artificial intelligence-based cloud services. Such a magical combination of healthcare and technology.
Why it matters
The rationale behind this deal is Oracle’s interest in gaining access to a trove of data from one of the biggest healthcare IT firms in the US. This may be a delightful partnership between a healthcare provider and a technology giant, but it is not a first.
