How Oracle's biggest-ever acquisition turned deadly
That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest ...
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Oracle's $28B Gamble On Cerner's AI-Driven Health Records System Backfires
The company is now racing against time to fix the dysfunctional system it inherited from Cerner before more veterans are injured or killed. Why It Matters: Oracle’s acquisition of Cerner was ...
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Oracle Eyes Monday Close For $28B Cerner Acquisition
Oracle expects to close its $28.3 billion acquisition of healthcare digital information system provider Cerner as soon as Monday, a move that will greatly expand Oracle’s back office technology ...
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Oracle to acquire Cerner in its biggest acquisition ever
The acquisition is the biggest ever for Oracle, the previous record being set by its $9.3 billion purchase of NetSuite in 2016. Shares of Oracle closed down 5 per cent on Monday while Cerner ...
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Oracle's deadly gamble
That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for ...
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Oracle’s Cloud Business Is Booming, But Indicates More Work To Be Done With Its Healthcare Unit
Oracle announced its acquisition of Cerner Corporation for nearly $28 billion in December 2021, taking a bold step into clinical medicine. Cerner is one of the largest electronic health record ...
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Oracle-Cerner Tender Offer Deadline Extended
based Cerner for comment. Oracle sees opportunity in adding cloud ... Last year, Microsoft announced the acquisition of voice-to-text services company Nuance this year for $16 billion to further ...
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Oracle in talks to acquire medical tech firm Cerner for $30 bn
Oracle is in talks to acquire healthcare technology firm Cerner for about $30 billion, according to the WSJ, which quotes unnamed sources. The move, if it comes to fruition, would make Oracle a ...
Better Cloud and AI Stock: Oracle vs. Amazon
Oracle is often considered a slower-growth stock than Amazon. But over the past three years, Oracle's stock more than doubled as Amazon's stock rose about 40%. Let's see why Oracle outperformed Amazon ...
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Oracle’s Earnings: Challenges And Growth In Healthcare
CEO Safra Catz attributed the former Cerner business, which Oracle acquired for $28 billion in June 2022, as causing "a drag on Oracle's growth." Healthcare may face challenging growth ...
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Where Will Oracle Stock Be in 3 Years?
Oracle (NYSE: ORCL), one of the world's ... 29% in fiscal 2023 (excluding its acquisition of Cerner), and 26% (also excluding Cerner) in fiscal 2024. That robust growth consistently offset the ...
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Oracle employees say a wave of new hiring restrictions is cratering already low morale, and many worry another round of mass layoffs is looming
The changes to Oracle's strategy comes at a tumultuous time for the company: In June, the company closed its $28.3 billion acquisition of the healthcare-tech giant Cerner, and not long after ...