CERNER CORPORATION

(CERN)
Delayed Nasdaq  -  04:00 2022-06-07 pm EDT
94.92 USD   -0.05%
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06/08S&P Lowers Oracle Corp. Rating To 'BBB' On Cerner Acquisition; Rating Remains On CreditWatch Negative
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06/08Oracle Closes $28.3 Billion Acquisition of Cerner
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Exclusive-Oracle to win unconditional EU nod for $28.3 billion Cerner deal -sources

05/24/2022 | 10:32am EDT
FILE PHOTO: The company logo for Oracle Corp. is displayed on a screen on the floor at the NYSE in New York

BRUSSELS (Reuters) - U.S. business software maker Oracle Corp is set to gain unconditional EU antitrust clearance for its $28.3 billion acquisition of U.S. healthcare IT company Cerner Corp, three people familiar with the matter said on Tuesday.

Oracle announced the deal, its biggest ever, in December last year. It will give it access to a trove of data and could attract more healthcare clients to its cloud platform.

Cerner's data can help Oracle train and improve the software maker's artificial intelligence-based cloud services. The company, whose software traditionally ran in its customers' data centers, has started shifting its service to cloud computing providers.

The European Commission, which is scheduled to decide on the deal by June 1, and Oracle declined to comment.

Tech giants such as Microsoft Corp. have ramped up investments in the healthcare sector, spurred by demand for cloud-based solutions during the pandemic.

(Reporting by Foo Yun Chee; editing by Sudip Kar-Gupta and Mark Porter)

By Foo Yun Chee


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CHAINLINK (LINK/USD) -7.67% 6.703 End-of-day quote.-67.70%
MICROSOFT CORPORATION 3.41% 267.7 Delayed Quote.-20.40%
ORACLE CORPORATION 4.54% 70.7 Delayed Quote.-18.93%
WISDOMTREE CLOUD COMPUTING UCITS ETF - ACC - USD 2.96% 31.005 Delayed Quote.-41.87%
All news about CERNER CORPORATION
06/10CERNER CORPORATION(NASDAQGS : CERN) dropped from FTSE All-World Index
CI
06/08S&P Lowers Oracle Corp. Rating To 'BBB' On Cerner Acquisition; Rating Remains On Credit..
MT
06/08Oracle Closes $28.3 Billion Acquisition of Cerner
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06/08CERNER CORP : Completion of Acquisition or Disposition of Assets, Notice of Delisting or F..
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06/08Oracle Completes Acquisition of Cerner
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06/08Oracle Corporation completed the acquisition of Cerner Corporation.
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06/08CERNER CORPORATION(NASDAQGS : CERN) dropped from S&P Global 1200
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06/08CERNER CORPORATION(NASDAQGS : CERN) dropped from S&P 500 Health Care Equipment & Services ..
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06/08CERNER CORPORATION(NASDAQGS : CERN) dropped from S&P 500 Health Care
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06/08CERNER CORPORATION(NASDAQGS : CERN) dropped from S&P Composite 1500
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Managers and Directors
Dorian Estelle Daley President
Mark J. Erceg Chief Financial Officer & Executive Vice President
Jerome Labat Chief Technology Officer & Executive VP
Eva L. Karp Chief Clinical & Patient Safety Officer, Senior VP
Nasim Afsar Chief Health Officer
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