(CercleFinance.com) – Oracle Corporation and Cerner Corporation jointly announced an agreement for Oracle to acquire Cerner through a cash tender offer at a price of $ 95.00 per share, or approximately 28.3 billion dollars in stocks.
This confirmation on this buyout follows rumors from the Wall Street Journal.
Cerner is a leading provider of digital information systems used in hospitals and healthcare systems to enable healthcare professionals to deliver better healthcare to patients and communities.
‘By working together, Cerner and Oracle have the ability to transform healthcare delivery by providing healthcare professionals with better information, enabling them to make better treatment decisions for better patient outcomes,’ said Larry Ellison, CTO of Oracle.
“We expect this acquisition to be immediately accretive to Oracle earnings in the first full fiscal year and will significantly contribute to earnings in the second fiscal year and beyond,” said Safra Catz, Managing Director, Oracle .
Copyright © 2021 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
